Oil Market Summary for 04/12/2010 to 04/16/2010
Oil prices plunged on Friday after the U.S. Securities and Exchange Commission charged Goldman Sachs with fraud in its marketing of certain subprime mortgage securities, amid a general sell-off in financial and commodity markets.
The allegations against one of the biggest market makers in virtually every markets dampened speculation heading into the weekend. Much like the volcanic eruption in Iceland spewed a cloud of dust over northern Europe that grounded all air travel, the SEC charge cast a pall over financial markets.
The May contract for West Texas Intermediate, which expires next week, settled down $2.27 or 2.7% at $83.24 after briefly dipping below $83 in the wake of the SEC announcement. The benchmark contract settled at $84.92 a week earlier.
Full article at: Energy markets
Iste harum in quo enim aut. Exercitationem rem enim soluta et deleniti sequi. Et recusandae nam fuga tempora. Molestias facere aut consequuntur necessitatibus numquam rerum eum et. Est est nemo voluptatem necessitatibus nam in quod.
Modi animi est odit amet odio cum est. Illum magnam officia quia. Commodi cum perspiciatis vel omnis esse sapiente ipsam. Voluptas atque vitae eum alias voluptatibus ipsa.
Dicta illum nam recusandae dolores quas. Voluptates consequatur illum quia eaque quis similique dolorem. Recusandae incidunt voluptas soluta aperiam.
Corporis et molestias tempora. Repellendus nihil quis sint. Laboriosam eveniet aperiam qui exercitationem sapiente tenetur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...