Posted by BAHRAMERAD, at 08:12AM 10/06/08 and by 1 others:
Oil sinks below $90 as commodities retreat
Note:
Oil sinks below $90 as commodities retreat : By Chris Flood -
US crude oil prices fell below the $90 a barrel level on Monday, leading a broad retreat across energy, metals and grains as commodities found themselves battered by the ongoing storm sweeping global financial markets. Nymex November West Texas Intermediate sank $3.73 to $90.15 a barrel after touching a low of $89.07, while ICE November Brent fell $3.68 to $90.20 a barrel after reaching a low of $85.56. The net long position held by speculators in crude oil fell modestly, down 3.9 per cent to 40,093 lots in the week ending September 30 when WTI reached $100.64 a barrel. Traders said that hedge funds were adopting an increasingly bearish stance towards the energy complex with the net short position in US natural gas reaching a record high while the net long positions in heating oil and RBOB gasoline had fallen to their lowest levels since August 2007 and February 2007, respectively.
tags: bahramerad
· oil
groups: in Energy, International News, Bahramerad, Maxx News
Posted by pkrf1end, at 08:12AM 10/06/08 and by 1 others:
Bank buyouts raise question of names for venues
Note:
Performance venues love blockbuster events, but not the kind that are currently affecting their naming-rights partners. The stunning takeovers of big banks like Washington Mutual (WaMu) and Wachovia are forcing venues with long-term naming-rights deals with these institutions to grapple with unexpected branding challenges.
tags: buyouts
groups: in Mergers & Acquisitions