Date updated:08-13-2008
Oil prices fell on Monday as a drop in crude imports by No. 2 consumer China outweighed concerns over supply disruptions stemming from the conflict between Russia and Georgia.

-
APA
Apache Cp - $83.71
- -2.30%
- $83.75
The oil trade is probably being driven by the strong dollar, explains Joe Terranova. But it's natural gas that's got my attention. I think gas is probably finding a bottom. Look at Apache (APA)and Chesapeake (CHK) he says. And if oil moderates and stops going down the integrated names should trade higher.

-
CHK
Chesapeake Energy - $18.29
- -4.19%
- $18.43
The oil trade is probably being driven by the strong dollar, explains Joe Terranova. But it's natural gas that's got my attention. I think gas is probably finding a bottom. Look at Apache (APA)and Chesapeake (CHK) he says. And if oil moderates and stops going down the integrated names should trade higher.

-
XOM
Exxon Mobil Cp - $78.25
- -2.55%
- $79.25
I'd look at ExxonMobil (XOM) on a valuation basis, Guy Adami suggests.

-
FXB
Crrncyshr Bp Ster - $151.07
- +0.94%
- $150.78
The fall in oil comes from weakness in the economy, says Karen Finerman. I’m short the British pound (FXB) because I think the economic slowdown will creep across the globe.

-
UUP
Ps Db Usd Idx Bl - $24.99
- -0.64%
- $24.93
I bought the PowerShares DB US Dollar Index Bullish (UUP) on Monday, says Jeff Macke, as a dollar trade. In ag I’d wait for panic selling before getting long.
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A. There IS an advantage to ariticulate
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investor.
As an investment (at least one year and
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NOV is deep in the money (on hand) with
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is for the future.
A. small trading before thrusday
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