Oil Squabble
Oil gapped open and is continuing higher, rallying outof a (Cooper) 1-2-3-4 PullbackOff Highs setup to a new contract high on the ongoing concern about tensionsin the Persian Gulf. Iraq said Kuwait is stealing its oil in adispute over oil beneath the Iraq-Kuwait border. At stake are as many as 300
Battle Cry
Energy contracts rallied
for a second session on accusations
Looking Abroad
ETFs looked overseas as money flowed cautiosly into foreign funds.
Iraq Beats The Drum
Iraq flew planes over Kuwait in violation of a UN-imposed
Energetic
Energy and utilities ruled the roost Friday, training the
attention of money
Saber Rattling
Iraq flew planes over Kuwait in violation of a UN-imposedno-fly zone and accused its southern neighbor of extracting oil from aborder region that Iraq claims as its own. Crude oil is rallying out of aCooper 1-2-3-4 Pullback From Highssetup and is trading above $35 a barrel again. From the Momentu
Nothin’ But Net
As if presaging how Americans will be spending their time now that summer
has drawn to an end,
News Reversal
Bonds staged a classic News Reversal
ECB Says Enough
The European Central Bank said it would step intointernational currency markets to stem the fall of the fledgling euro, the firsttime the body has intervened to contain the slide of the Europes singlecurrency.Euro FX
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Cookin’ With Gas
The threat of hurricanes in the Gulf of Mexico and an
underestimation of national storage
Terra Incognito
Hot weather in the West, a structurally changed supply and demand equation, anddoubt that the economic fundamentals are improving are factors pushing natural gas
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PowerRating)to the highest level since the inception
Clinton Oils The Market
Sensing a crisis similar to that which is already
occurring across Europe, President