Making money from Hurricane Sandy

Any ideas why crude isn't going up after the storm?

 

I think selling household utilities and tools, resource of buildings and many other essential things.

 

You are nice , Superstrom can not blown away crude of humans. Much of traders try to get huge profit in this time. This time every one should help to refugees.

 

first of all the why doesn't matter - your clearing firm pays you on price alone

with that being said here are a couple of explanations...

1. demand destruction (refineries closed, airlines grounded, no one traveling via car to work, etc)

2. supplies at/near historic highs

3. continued slow econ growth, europe worries, blah blah blah

 

nonsense.

 

Crude goes up during Gulf Coast hurricanes because we make it here. Not much offshore drilling in the wake of a NY storm.

 

7 million homes were without electricity for 4 days in New York. The profits of power companies will fall.

 

here's 3
trex
bldr
usg