Intercontinental is a derivatives exchange, which is where oil trades, and that means ICE makes money every time there’s a trade.
Crude oil now seriously overbought - Expecting Declines.
Friday, October 19, 2007
Black Gold
Oil prices surpassed $90 a barrel for the first time Thursday as the falling dollar drew new foreign investors and speculators to dollar-denominated energy futures.
Intercontinental is a derivatives exchange, which is where oil trades, and that means ICE makes money every time there’s a trade.
Crude oil now seriously overbought - Expecting Declines.
Intercontinental is a derivatives exchange, which is where oil trades, and that means ICE makes money every time there’s a trade.
Crude oil now seriously overbought - Expecting Declines.
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3 comments:
ICE is a great company. I'm crossing my fingers for an acquisition by NYX. I've owned both but am currently in NYX.
-BD
I've always been a big fan of ICE.
Looks like a good time to get in on ICE.
Oil overbought? No way... remember the $80-$120 thing.
Also, we're going to war with Iran via Turkey. We said yesterday that military action would be "our last resort." I remember when the idiots said that about Iraq too...
Don't delete this shit. I'll get "fly" to melt your blog.
-DT
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