While I personally don't trade crude oil futures (or haven't so far this year), I was disappointed that last weekend's summit in Jeddah, Saudi Arabia, didn't result in anything but rhetoric. Apparently, today's crude oil futures market feels the same way, since prices are moving higher, and are within $2 of the all-time high price. This is remarkable, considering that the July contract expired just last Friday.Monday, June 23, 2008
Crude Creeps Higher, Unconvinced!
While I personally don't trade crude oil futures (or haven't so far this year), I was disappointed that last weekend's summit in Jeddah, Saudi Arabia, didn't result in anything but rhetoric. Apparently, today's crude oil futures market feels the same way, since prices are moving higher, and are within $2 of the all-time high price. This is remarkable, considering that the July contract expired just last Friday.
