All in first 30 minutes of trading:
- WTI as high at 99.10 currently up 5.52
@ 97.11
- NG up 13 cents up 3 %
- SP 500 down 2.25 %
- Treasury yields lower as investors seek a safe haven
The E&P names should be soaring here only being held back by a falling market.
Art Cashin says when people need to make margin calls or redemption's , they sell anything they can to raise cash.
The so called good news is we may have a deal with Iran, we give them 7 billion and 100 dollars a BBL and they send us oil because we don't want it from Canada. We trust they won"t build a nuke and hopefully they wont bomb us after they been chanting Death to America since the 1970's,
On Sunday talk shows a Democrat congressman was asked if it was time to re open Keystone and other pipelines. You know the answer... No