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Daily Oil Market Summary: April 19

Tyler Durden's picture
Submitted by Tyler Durden on 04/19/2010 18:42 -0400



 

Courtesy of FMXConnect

 

 
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Mon, 04/19/2010 - 19:50 | 308807 anynonmous
anynonmous's picture

Here is the Bloomberg segment from earlier today with Jim Grant

an hour long segment - some of the best TV I have seen in ages

 

http://www.bloomberg.com/avp/avp.htm?N=video&T=James%20Grant%20Interview...

 

edit - (bastards, the clip is only one minute  of the segment) 

Mon, 04/19/2010 - 19:43 | 308810 parallaxview
parallaxview's picture

GS has been long oil for a year, and advised clients to buy Crude, Sell Nat Gas and short the Dollar. This trade will have to unwind as time moves forward.

Mon, 04/19/2010 - 20:21 | 308839 Tarheel
Tarheel's picture

Those trades would "unwind" as the technicals reveal a change in trend.

Mon, 04/19/2010 - 19:52 | 308822 dabug
dabug's picture

What oil?

Mon, 04/19/2010 - 21:05 | 308866 Itsalie
Itsalie's picture

Is oil following fundamentals the past week? Is Goldman a "fundamental issue"? If not why did oil fall with the other risk assets with Goldman news? More likely Goldman and a few other investment banks went heavily long oil again recently as offshore storage costs cam down again the last 4 or 5 weeks. That would explain the sudden rise to $87 from $78 in early March. And why did it not rise yesterday? Maybe because China plinged 4% yesterday, and Copper and Gold did not fully recover either. Just a guess.

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