Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Buzz & Banter



Crude is trading markedly higher this morning, as OPEC voted for a surprise cut in crude oil production effective Nov. 1. Nevertheless, as the chart below shows, Dec. futures have a long way to go before recovering even half of the decline that began in earnest earlier this month.

Extrapolating things dangerously further into can of worms territory, the word "glut" has been mentioned in several related news stories I've seen this morning. So far, though, the word battle between "inflation" and "deflation" is a draw. Please note, however, that the chart's verdict remains unequivocal until at least 29.50, and then only slightly more "accommodative" of a reversal in an unwelcome decline in inflation until 31.50.

No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos