Day Future Trading, Commodities Soar
Posted by James Breen at 24 September 2008 3:18
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More from Matt Leising at Bloomberg on yesterday's oil squeeze: "This pungent move reflected great tension in the occasion tangible souk as participants that were curt oil twisted to find corporeal oil before expiration, " wrote the analysts, led by Jeffrey Currie. Record oil prices have made refiners rely on stocks of presented fund, the analysts wrote, creating "critically low" record levels. Vulnerable to Spikes "This stretched account situation has left the oil sell with very.
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Warren Buffett to the rescue: His Berkshire Hathaway Inc. agreed nowadays to invest $5 billion in Goldman Sachs Group via a goods of preferred cattle. Berkshire also will get warrants to buy up to $5 billion of Goldman regular shares. The apportion, announced after markets clogged, amounts to a colossal choose of confidence by Buffett in the investment banking titan, at a time when investors remain spooked about the outlook of Wall Street. "Goldman Sachs is an exceptional institution, " Buffett said in a .. Keep Reading.
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