Replies to post #575 on SYN CITY

[johnsyn]

you're welcome. Good news for O&G: Nov WTI crude oil prices this morning are up +0.66 (+0.71%) and Nov gasoline is up +0.0158 (+0.57%) on some pre-weekend short-covering after this week's steep losses. Nov crude oil and gasoline prices on Thursday recovered modestly on some short-covering after the plunge seen early in the week: CLX2 -3.32 (-3.47%), RBV2 -0.0819 (-2.92%). Crude oil prices on Thursday saw a modest recovery rally, but sentiment remained generally bearish as the market continues to adjust to Saudi Arabia's willingness to boost production to push prices lower. In addition, the IEA on Thursday said that the oil market is sufficiently supplied and that additional crude is coming from Saudi Arabia and Canada. However, the IEA also made a bullish comment by suggesting that there will be no near-term release of strategic oil reserves.