Jun 30, 2009

Art Cashin Comments On Oil Prices

Today Art Cashin commented oil prices, a rather rare event for a NYSE trader:

"With oil pressing up against key resistance here — if it gets above $74, $75, you could get a short-covering spike. That could really hurt the recovery that's beginning." says Art.

Oil Trader`s Blog is a website for active online futures and stock traders. I will provide my real time trading decisions and my market thoughts on this webpage.