Sunday morning Oil trading.

Discussion in 'Trading' started by PohPoh, Sep 14, 2008.

  1. Everything is down..
    crude down almost 2 bucks
    gasoline down almost 14 cents

    Sell the rumour, sell the fact...

    Looks like this might be the bottom here soon, at least for a short term swing higher back to 120ish...
  2. lwmoss


    Newbie here,

    Can you tell me why the oil markets are open this morning? Don't they normally open at 5:00pm central time?
    I don't understand why they have the earlier open today.

    Any explanation is appreciated. Also... if markets are set to open at an unusual time, where is that sort of news posted?

  3. and

    Oil markets opened early because of Hurricane Ike, same with Gustav a couple weeks ago.

  4. lwmoss


    Thanks. Lessoned learned for me. I didin't know they ever did that.
  5. The market anticipates news, usually overreacting.

    By the time you see the news on TV, the market has already discounted it.
  6. Wouldn't it be great if Saturday and Sunday trading of energies became "permanent". :cool: