STLAMC The Opec group said yesterday they werent going to increase production but hold it at current levels. Demand is most certainly decreasing in the EU and in the U.S. it is the high demand period in the U.S. and the demand is less than previous years plus the U.S. has the largest oil reserves for 22 years. Britain has announced it is going to act to make credit easier and is ready to stimulate the economy(print money). There are other very worying signs from Germany about Spain and Greece but I will save you from my rants and say only this; Germany is refusing to save the EU with money!
SEA Looks like the bots quit for a while-interesting. At time of writing which is 48 minutes past opening so sales had taken place. At least the bottom isnt dropping out.
SEA Price at posting:
54.0¢ Sentiment: Sell Disclosure: Not Held
