Overall (at least most of my O&G stocks) fell in overseas...

Overall (at least most of my O&G stocks) fell in overseas trading roughly 5% - some better some considerably worse.

Be careful out there....


Clipped from Commodity Corner - Rigzone

"Traders said oil prices are heading for a critical juncture around $92.50 a barrel. A break of that level could clear the way for a run toward $85 a barrel, a level not touched since last October.

Light, sweet crude oil for June delivery on the New York Mercantile Exchange settled $1.35 lower, at $94.78 a barrel, the weakest level since Dec. 19, 2011. The contract has lost 10.7%, or $11.38 a barrel, with declines in eight of the past nine days.

ICE June Brent crude fell 69 cents to settle at $111.57 a barrel, the lowest level since Feb. 1.

"We are in slide mode," said Tom Bentz, director at BNP Paribas Prime Brokerage.

"It's all about Europe right now," he said, noting that economic news from China and the U.S. also hasn't been supportive for prices.

"A lot depends on how things shake out in Europe, but this market is on its heels, and where this stops isn't clear," Bentz said.

Money managers last week slashed their net long position in Nymex crude oil futures by 33%, adding further steam to the downtrend, traders said."


Might get that $1.02 Fib 61.8% pullback level tested after all.