Dan Dicker : How to Trade Oil Volatility

How to Trade Oil Volatility

From the Best of TSC TV: NEW YORK (TheStreet)-- Dan Dicker, expert trader, and Ray Carbone, President of Paramount Options, break down oil's recent volatility and how to trade price swings.Original air date: 12/02/09

Stocks in this video: USO | CME | OIL | ICE |

Oil falls below $73 on Dubai default worries creditors

Crude Oil prices sank to a 6 week lows , below $73 in New York on Friday amongst fears that Dubai could default the financial markets ,It is now reported that Dubai Debt May Be Higher Than $80 Billion, the dollar jumped as investors started selling commodities and moved to safer assets.

U.S. crude for January delivery was $73.70 a barrel on the London-based ICE Futures Europe exchange, but nearly 5 percent below Wednesday's settlement. There was no settlement price on Thursday because U.S. markets were closed for Thanksgiving.
Source : Presse agencies

Bank of America Hikes S&P, Oil Forecasts

Bank of America Merrill Lynch (BAC) hiked its 12-month S&P 500 target as well as its outlook on oil prices today. BofA Merrill boosted its S&P outlook by 75 points, to 1,275.

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