SEPT 16 TUESDAY
SHORT TERM TREND : SIDEWAYS
LONG TERM TREND : BEARISH
S1 RS 346 , S2 RS 343
R1 RS 352 , R2 RS 356
WAIT FOR CONFIRMATION.
Gasoline for October delivery fell for a second day, declining as much
as 8.52 cents, or 3.3 percent, to $2.4762 a gallon in New York.
Oil fell as much as 4.3 percent today after Lehman Brothers
Holdings Inc., once the fourth-largest U.S. investment bank,
yesterday sought bankruptcy protection, sending U.S. stocks
to their steepest drop since the September 2001 terrorist
attacks. Gold fell for the first day in three.
total of 14 Texas and Louisiana refineries, with combined crude
-oil processing capacity of 3.57 million barrels a day, are shut
because of Ike, the U.S. Energy Department said yesterday.
The International Energy Agency, an energy adviser to 27
industrialized countries, said it is analyzing the impact of Ike
on oil, gas and refinery output and may release emergency
stockpiles if called upon. The IEA coordinated the release of
crude oil and fuel supplies after Hurricanes Katrina and Rita
struck the U.S. Gulf Coast in 2005.
U.S. crude-oil and fuel inventories probably fell last week because
of Ike, a Bloomberg News survey of analysts showed. The Energy
Department is scheduled to release its weekly petroleum supply
report on Sept. 17.
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