Energy Overview — TotalView™ of the Energy Markets
ALERT: MARKET PARTICIPANTS TAKE A BREATHER
| Contract | Month | Last | Change | BIAS | Comment |
| Crude Oil | September | 84.98 | -.40 | Lower | Poor Fundamentals should keep pressure on despite retracement rally. |
| RBOB – Gasoline | September | 2.9066 | .0029 | Lower | Overall pressure remains, despitecrack spread rally |
| Heating Oil | September | 2.8198 | -.0024 | Lower | Demand readings continue to swing sentiment. |
Equity markets rebounded, yesterday, and down net-net about 3% for the week. For once, the protests of CEO whose company was under siege and stock price hammered was telling the truth. Societe Generale is alright, the source of the distress, London’s Daily Mail, issued a rare apology…
The U.S. equity markets took another hard fall, yesterday; the latest anxiety induced by concerns over the capital adequacy of the major French banks. France’s Societe Generale was rumored to be insolvent, which, in a circa 2008 Bear Stearns-like moment, was roundly denied by its Chairman…