TonyM
11-30-2006, 08:53 PM
Not like this is new news, but the reason given for crudes drop from the Nymex close is that Opec won't cut production in December with prices at these levels. I'd say it looks like a good short in the oil patch tomorrow...I'd advise against choosing xom though...it defies logic sometimes.
Disclaimer: I'm all cash going into tomorrow.
Disclaimer: I'm all cash going into tomorrow.