Energy OverView August 16, 2011

Crude oil prices briefly moved above 88.00 in the final moments of yesterday’s NYMEX sessions, as latecomers to last week’s party, threw in the towel. Still a net decline in overall Sept./Oct open interest shows that new longs are not entering, a reflection, not only of growing margin calls in other markets but also pointing to questionable demand, going forward…

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