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samaelrocks

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samaelrocks

Re: OptionMonster post# 31986

Monday, 08/11/2008 12:45:38 PM

Monday, August 11, 2008 12:45:38 PM

Post# of 72979
IMO, I wouldn't call support for oil above $100. There's so much negative press on the price of oil now days, coupled with no supply issues (even though PR's come out with a "Supply Worries" headline time to time). Oil's going right back to under $100, IMO. Not much lower than that but I see it in the mid $90's when all's said and done.

Speculators didn't want to get caught long in the negative publicity so they took their dough to invest elsewhere.
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