Oil Reversal

Better than expected economic data and some refinery issues have caused oil to reverse from this morning’s lows.  After almost touching $68 per barrel, oil settled in at $70.41.  Improving equities are helping oil as well.  The correlation has slipped but oil prices are still over 74% correlated to the S&P 500.

oil prices 10 5 09

Advertisements

0 Responses to “Oil Reversal”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




KARL’S TWITTER (www.twitter.com/karleggerss)

October 2009
M T W T F S S
« Sep   Nov »
 1234
567891011
12131415161718
19202122232425
262728293031  

%d bloggers like this: