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Friday, August 23, 2013

Oil Up Nicely Today

The Yahoo! Finance link to the oil price is still broken.

But Bloomberg never fails. Near the end of the trading day, WTI is up $1.40 to $106.43 and Brent is up $1.11 to $111.11.

I don't have access to CNBC and I don't see anything on Yahoo! Finance so I don't the back story, but it probably doesn't matter in the big scheme of things.

Platts is reporting:
NYMEX October crude settles $1.39 higher at $106.42/b with Middle East/North Africa strife and short covering.
Don't you just love when those two words are next to each other: "short covering"?

I see KOG is over $10.

Disclaimer: This is not an investment site. Do not make any investment decisions based on what you read here or what you think you may have read here. 

SandRidge had a nice day, up 2%, but over at SeekingAlpha, someone is saying this $5 stock is headed to $10

Chesapeake also had a huge day, continuing its recent run. Forbes is suggesting greater gains.

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