Date updated:09-10-2008
Crude oil prices fell to a fresh five-month low on Friday on flagging demand in the United States and other consumer nations, extending crude's losses to 8 percent this week.

-
SLB
Schlumberger Ltd - $49.74
- -7.51%
- $51.50
The whole Fannie / Freddie thing could be bad for the dollar, reminds Guy Adami. That could trigger a vicious move higher in oil. If it happens, look at Schlumberger (SLB).

-
FXB
Crrncyshr Bp Ster - $162.69
- -2.69%
- $164.48
I’m short the pound (FXB) but on the Fannie news I’d probably change my position on currencies and take a little off the table. I think the government backstop is bearish for the greenback.

-
FTO
Frontier Oil Cp - $10.95
- -10.61%
- $12.00
Keep an eye on the refiners, adds Pete Najarian. I love the action in Frontier (FTO) and Tesoro (TSO). Lower oil means input costs are less and margins at the refiners should improve.

-
TSO
Tesoro Corp - $9.69
- -12.94%
- $10.84
Keep an eye on the refiners, adds Pete Najarian. I love the action in Frontier (FTO) and Tesoro (TSO). Lower oil means input costs are less and margins at the refiners should improve.
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