Energy

There will be no immediate oil price relief from increased Saudi production, leaving the Fed with a difficult rate decision on Wednesday.

The Dow fell over 200 points on Friday as quadruple witching evoked significant volume on a weak bias. Oil bounced back over US$2 after Israel pulled it out and showed to Iran.

The price of petrol will be 17% higher in China tomorrow, prompting a US$5 fall in the oil price last night. But the Dow managed only a 34 point rally.

QMastor is a small company doing big things in mining logistics software.

It was a case of oil up, Dow down on the current broken record that is Wall Street. A 130 point fall puts the March lows in sight.

The Dow fell over 100 after Goldman Sachs warned of more weakness in financials and the PPI provided food for thought.

One broker argues that BHP will need to move quickly to secure Rio before the world wakes up to the value of long-life resource assets. How much is Rio really worth? And, for that matter, BHP?

The Dow closed slightly lower last night having fluctuated on a wild ride in the oil price.

The weekend has brought about an apparent capitulation on oil production from the Saudis. The US has some more data to mull over this week while it’s pretty quiet in Australia.

The Dow rallied 165 points on Friday on yet another unremarkable CPI number, while oil slipped and Lehman returned from the grave.