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Rita & Fuel Prices

Posted By Barry Ritholtz On September 20, 2005 @ 9:56 am In Commodities,Trading | Comments Disabled

Speaking of Oil, I’m on the road in Texas, but I had to throw up a quick post on yesterday’s trading in energy — it was fairly astonishing.

These charts really don’t do this justice –  watching oil tick up all day — rising $4.39 on the day; Natural gas closed over $12 for the first time ever:

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Rita’s Impact on Energy Prices
click for larger chart

101905_energy_trading

Chart courtesy of WSJ [1]

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Source:
Oil Prices Rise As Gulf Storm Looms [2]
Threat to Facilities Trumps OPEC’s Reiterated Promise To Raise Output if Needed
BHUSHAN BAHREE in Vienna and RUSSELL GOLD in Austin, Texas
THE WALL STREET JOURNAL, September 20, 2005; Page A2
http://online.wsj.com/article/0,,SB112713165802844779,00.html


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2005/09/rita-fuel-prices/

URLs in this post:

[1] WSJ: http://online.wsj.com/documents/info-energy050919.html

[2] Oil Prices Rise As Gulf Storm Looms: http://online.wsj.com/article/0,,SB112713165802844779,00.html

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