Yeah, other than the trading hours you're right. It's nice here. And it beats the hell out of all the cold weather in so many places. And I did mean constant activity. I need to work on doing more overnight trades like you did. At least it was night for me.
PP = 104.85 Trading in a range so far. May see weakness ahead of the inventories report. But don't hold me to it. This is from yesterday but there's a lot of good info here. http://www.ibtimes.com/articles/120...as-market-awaits-the-eia-inventory-report.htm
Libya's Largest Crude Refinery Is Said Shut After Nearby Terminal Bombed By Robert Tuttle - Mar 9, 2011 Libyaâs Ras Lanuf refinery, the countryâs largest crude-processing plant, was shut amid fighting between government forces and rebels, an official with the Libyan Emirates Oil Refining Co. said. While the facility hasnât been damaged, employees have fled, said the person, who declined to be identified because he isnât authorized to speak on the matter. Oil tanks at the nearby Es Sider terminal were damaged by bombings today, according to Al Jazeera television. The network showed fireballs and plumes of smoke over the area. Al Arabiya reported a âlargeâ blast at the refinery. Libyan Leader Muammar Qaddafi has stepped up attacks on towns in the west of the country, where anti-government forces are resisting. The military carried out air and artillery strikes to stop a rebel advance along the coast from their eastern base. The Ras Lanuf refinery, which also has its own tanker terminal, has been under sporadic air and artillery bombardment since it was seized by the insurgents last week. The company declared force majeure on Feb. 25, a legal clause that allows companies to cite unexpected or uncontrolled events to avoid penalties for failing to fulfill delivery contracts, the person said. The refinery is able to process 220,000 barrels of crude a day, accounting for 57 percent of the countryâs capacity, according to data compiled by Bloomberg. Libyaâs second-biggest refinery, in Zawiyah, is also closed because of fighting, Al Arabiya reported. Oil exports from Libya have dropped by as much as 1 million barrels a day, according to the International Energy Agency. ADD Thought I heard on CNBC a few minutes ago they bombed it now. But couldn't find confirmation. I just have CNBC on in the background and I'm not really listening much. But sometimes something comes on that catches my attention.
20 EMA now 105.26. Been below it the last half hour of so. Most of the morning pre-NYMEX open it was mostly above it. Most of the morning since it's been mostly below it.