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Oil? What's Oil? 6 comments

by: Bespoke Investment Group September 15, 2008 | about: DBO / OIL / USL / USO    
About the author: From Bespoke:

With our financial system in turmoil, no one is paying attention to the fact that oil is down another $5 and change.  As shown in the chart below, after being up 51.38% at the start of July, the commodity is now down on the year.  As oil skyrocketed, so many companies lowered guidance recently after factoring in a large increase in energy costs.  With oil now back to break even for the year, corporate profits should benefit.

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Oil2008

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This article has 6 comments:

  •  
    •  • Website: http://www.noway.bye
    no liquidity, no leverage, no contract roll over, see you @ 70/barrel
    2008 Sep 15 12:34 PM | Link | Reply
  •  
    So does anyone know who got their fingers burned?
    2008 Sep 15 12:36 PM | Link | Reply
  •  
    Deflation.
    2008 Sep 15 02:17 PM | Link | Reply
  •  
    speculation had nothing to do with it
    2008 Sep 15 03:20 PM | Link | Reply
  •  
    •  • Website: http://www.cwsx.org
    200979: Merrill
    2008 Sep 16 01:08 AM | Link | Reply
  •  
    speculation had everything to do with it. the speculators & hedgie funds are even as we speak dumping their overleveraged positions.
    > jack
    2008 Sep 16 08:35 AM | Link | Reply
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