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 - $98.87
- -0.17%
- $97.38
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 - $24.22
- -2.42%
- $24.42
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 - $72.58
- +0.11%
- $71.82
I'd look at ExxonMobil (XOM) on a valuation basis, Guy Adami suggests.

-
FXB
Crrncyshr Bp Ster - $165.72
- +0.16%
- $165.34
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 - $22.83
- -0.48%
- $22.99
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. dude, i trust DB, as much as i trust
nancy pelosi....................... that
bank is the BIGGEST F$$$$$ manipulator!
A. The only one I own : SLX,
too hard pick a winner out all of them
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