Keep Eye On Crude Oil Futures If Unrest Spreads to Middle East (Dennis Gartman on CNBC)

CLH1 March 2011 Crude Oil Future
On CNBC's Fast Money last Friday, Dennis Gartman said Crude oil futures could rise if social unrest in Egypt spreads to the Middle East. He said to watch WTI specifically (West Texas Intermediate Crude Futures). Quotes of crude oil futures are at CMEGroup.com. Crude oil futures from March 2011 to February 2012 are in steep contango (89.93-98.67). Consumers and businesses globally (except oil producers) probably won't like oil above resistance right now (imho). Dennis said check out Canadian oil producers like Suncor ($SU). See the video and the April oil future after the jump (March is to your left)

CLJ1 April 2011 Crude Oil Future (CMEgroup.com)


Dennis Gartman on CNBC's Fast Money (CNBC.com)

Related Posts

Comments

HTML Comment Box is loading comments...