mongombolo, trader_10 & crew
Panic appears to have been triggered by a militant attack in Nigeria - not sure what BHP's immediate strategy is to manage that; seems like the bigfella has to run the whole damn world!
IMHO the other possibility for the sudden drop might be profit -taking [UK investors would need to feed their addiction by now & not much else is showing them a profit, poor blighters].
Oil prices steady as market eyes Nigeria
By THE ASSOCIATED PRESS
Published: June 24, 2008
Filed at 7:13 a.m. ET
VIENNA, Austria (AP) -- A faltering dollar, Mideast tensions and concerns over supply disruptions out of Nigeria propelled oil prices above $138 a barrel Tuesday, less than $2 away from crude's trading record.".....
..."Investors were also closely watching developments in Nigeria. Royal Dutch Shell PLC has said it cannot meet contractual obligations to export oil from a Nigerian oil field following a militant attack, and news reports say Chevron Corp. has been forced to shut down a Nigerian oil facility, also after a militant attack. Chevron's workers in Nigeria also reportedly walked off the job Monday after talks with the company over staffing levels broke down."....
Full article at:
http://www.nytimes.com/aponline/business/AP-Oil-Prices.html?_r=1&oref=slogin
4YIO - NFA
notice received, page-72
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Last
$42.78 |
Change
0.140(0.33%) |
Mkt cap ! $217.0B | |||
| Open | High | Low | Value | Volume |
| $42.25 | $42.97 | $42.14 | $223.0M | 5.233M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 10160 | $42.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.79 | 5000 | 1 |
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