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Re: stock_peeker post# 21514

Monday, 09/05/2005 4:41:34 PM

Monday, September 05, 2005 4:41:34 PM

Post# of 173916
Keep in mind, too, that fewer US refineries operating has resulted in fewer bidders for the crude, thus the price of crude has drifted lower due (seemingly, but not really) to less demand. This is an artificial effect. As the refined product is made available by other countries for auction to US companies next week, prices for crude and refined product will probably begin to surge higher again. . .

IMHO, since oil price has dropped over the weekend, Monday and Tuesday may be good days to buy oil companies or oil futures, as I think crude oil and oil producers (with uninterrupted supply) will continue their upward movement in coming weeks.


Paul Litman: "Avoid panic selling & avoid overconfident buying."

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