http://www.cnn.com/2011/WORLD/africa/02/24/libya.protests/index.html?eref=time_world The Pentagon is looking at "all options" it can offer Obama in dealing with the Libyan crisis, a senior U.S. military official told CNN, in the first indication the crisis could take on a military dimension. "Our job is to give options from the military side and that is what we are thinking about now," said the official, who declined to be identified because of the extremely sensitive nature of the situation. "We will provide the president with options should he need them."
one possible price action today - Squeeze shorts from the low 99 level to 102 , - chop around 101 and - settle day around 100.50
look at 5 min chart , 98.8 is the mid point line for 6 hours of asian session trading before those big spike bars ..
it seems these items are holding OIL at low level this morning -------- http://www.marketwatch.com/story/libya-worries-deepen-on-fears-unrest-may-spread-2011-02-24 - The Financial Times reported that Saudi Arabia is in talks with European oil companies to make up the oil supply that Libya otherwise would have produced. GOLDMAN talk ----------------- However, âcontagion risk is still the primary driver of oil prices, not these physical disruptions,â Goldman Sachs analysts said in a report. âThe current disruptions, which we estimate to be about 500,000 barrels a day, are not large enough to substantially shift the global oil market balance. ⦠âAnd even if it eventually impacts all of Libyaâs 1.5 million barrels a day of oil exports ⦠the high level of global inventory could easily accommodate this for more than 100 days and OPEC spare capacity could easily absorb the entire loss if needed.â At the same time, âfurther disruptions could now create severe shortages in global oil markets that would require substantial demand rationing,â the Goldman analysts said. SAUDI & Baharain -------------------- On Wednesday, Saudi King Abdullah announced social measures valued in the tens of billions of dollars. Reports say the effort is designed to avoid the kinds of protests and demonstrations that have already toppled the leaders of Tunisia and Egypt and continue unabated in several other Arab countries. The Saudi move follows a decision by Bahrainâs King Hamad bin Isa al-Khalifa to release political prisoners and offer a dialog to the protesters in his country. Bahrain, island home of the U.S. Navyâs Fifth Fleet and a key refined-products center, is governed by Sunni Muslims, but Shiites make up the majority of its citizens.
Wow, trading 1 contract today feels like trading 3 contracts on normal days (whatever "a normal day" means for CL ...) !
Saudi king back home, orders $37 billion in handouts Before Abdullah arrived, state media announced an action plan to help lower- and middle-income people among the 18 million Saudi nationals. It includes pay rises to offset inflation, unemployment benefits and affordable family housing. http://news.yahoo.com/s/nm/20110223/wl_nm/us_saudi_king
High-frequency trading ---------------------------- exchanges paying 14 cents/100 shares to MMs is NEWS to me, anybody know what NYMEX pays for CL Market Makers ???, ---- here's an example: A high-frequency trader (HFT) who has a layered series of bids and offers on IBM might buy 100 shares of IBM for, say $128.59, and sell it a fraction of a second later for $128.60. The profit: $1.00 (100 shares at a profit of $0.01). But there's more. Exchanges pay rebates to provide liquidity (offers to buy and sell stock). An exchange might pay, say, 14 cents per hundred shares. So in this example, the HFT would make $1.00 trading the spread, plus a 14 cent rebate for providing a bid (offer to buy) and another 14 cents for an "ask" (offer to sell). http://www.cnbc.com/id/39041598 ----- - High-frequency trading is the main reason volume on the NYSE has increased 150 percent in five years. Who's trading? Here's the latest breakdown of daily volume (source: Tabb Group): High-Frequency Trading: 56 percent (includes proprietary trading shops, market makers, and high-frequency trading hedge funds) Institutional: 17 percent (mutual funds, pensions, asset managers) Hedge Funds: 15 percent Retail: 11 percent Other: 1 percent (non-proprietary banking) ---
MMs , HFT trader volume is about 56% on NYMEX so anybody have any numbers or articles what is the equivalent HFT share on crude OIL ?? --------- HFT profitability Asked how successful he and his firm have been, Narang told Kroft, "We've had two or three days in a row where we lose money. But we've never had a week, so far, where we lost. We've never had a month that was a loser for us." http://www.cbsnews.com/stories/2010...36075_page2.shtml?tag=contentMain;contentBody