24/7 Wall St.
06-06-2008, 01:10 PM
24/7 Wall St. Daily News
Oil on last look was up huge at $134.36 per barrel, up $6.58 from yesterday's gains in what is one of the larger two-day moves in recent trading. Israel's transportation minister said that if Iran continues with its nuclear bomb-making potential it will attack it. Morgan Stanley's call for $150.00 oil probably only contributed to such a rise. The DJIA is trading down sharply by being down over 260 points in reaction to extraordinary oil moves and every single DJIA component is trading lower. Interestingly enough, even the major integrated oil companies are down on the day as of 11:16...http://feeds.feedburner.com/~f/typepad/RyNm?i=qej40I</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=qej40I) http://feeds.feedburner.com/~f/typepad/RyNm?i=IlJjlI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=IlJjlI) http://feeds.feedburner.com/~f/typepad/RyNm?i=zDP6Ai</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=zDP6Ai)
complete story here... (http://www.247wallst.com/2008/06/oil-stocks-not.html)
Oil on last look was up huge at $134.36 per barrel, up $6.58 from yesterday's gains in what is one of the larger two-day moves in recent trading. Israel's transportation minister said that if Iran continues with its nuclear bomb-making potential it will attack it. Morgan Stanley's call for $150.00 oil probably only contributed to such a rise. The DJIA is trading down sharply by being down over 260 points in reaction to extraordinary oil moves and every single DJIA component is trading lower. Interestingly enough, even the major integrated oil companies are down on the day as of 11:16...http://feeds.feedburner.com/~f/typepad/RyNm?i=qej40I</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=qej40I) http://feeds.feedburner.com/~f/typepad/RyNm?i=IlJjlI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=IlJjlI) http://feeds.feedburner.com/~f/typepad/RyNm?i=zDP6Ai</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=zDP6Ai)
complete story here... (http://www.247wallst.com/2008/06/oil-stocks-not.html)