Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Energy Prices Lower


MICHAEL BUSBY, Northville Industries, Melville, N.Y.: Energy prices down but up from lows. Prices got hammered at the outset but don't have a good reason for this. Rumors abound that Iraq is going to increase shipments. We don't think the market is in a down trend. If crude holds $29.65,it will take market higher, but if it cracks below that, all bets are off. API report is due tonight, but we don't think they are indicative of where prices are going.

DAVID MEGER, Alaron Trading, Chicago: Palladium was bit higher after breaking below $1000 support level yesterday. We believe it got oversold earlier today when it hit $961. Platinum is also bouncing back bit from earlier lows. This is mostly technical. Russians still have not assigned quotas, but deliveries are expected in March and that time frame is getting closer. Gold and silver drifted at mostly lower levels. both broke down last week from recent highs, mostly on technical trading.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus