und weil die automatischen Verkaufsorder jetzt mit demselben Tempo laufen wie zuvor die Kauforder,sie haben eine Lawine von Verkaufordern ausgelöst
Crude oil fell on expectations that a Sunday meeting between U.S. President George W. Bush and two allies signals the end of diplomacy that's delayed military action against Iraq.
Bush will meet with U.K. Prime Minister Tony Blair and Spanish Prime Minister Jose Maria Aznar in the Azores, White House spokesman Ari Fleischer said. Oil prices have risen 18 percent in the past six months on concern an invasion of Iraq might disrupt Persian Gulf supplies. Evidence that Saudi Arabia, the world's top exporter, has boosted shipments to the U.S. helped prices fall.
``This meeting is a sign that there could be imminent action,'' said Marshall Steeves, an analyst with Refco Group Ltd. in New York. ``The invasion should be short-lived. U.S. Special Forces will quickly secure the Basrah and Kirkuk oil fields to keep the facilities from being damaged.''
Crude oil for April delivery was down 61 cents, or 1.7 percent, at $35.40 a barrel at the 2:30 p.m. close of trading on the New York Mercantile Exchange. Oil prices were down 6.3 percent this week, the biggest weekly decline since October.
Price declines accelerated as automatic sell orders, known as stops, were triggered.
``The speculators who brought us to this point are being forced out,'' said Ed Silliere, vice president of risk management at Energy Merchant LLC in New York. ``The same speculators that put the war premium into the price of oil have triggered an avalanche'' of selling.
Merrill Lynch raised the top of its 30-day range of generally expected crude oil prices to $46 a barrel from $41 to reflect concern that Iraq may blow up its oil wells in the event of war.
Crude oil fell on expectations that a Sunday meeting between U.S. President George W. Bush and two allies signals the end of diplomacy that's delayed military action against Iraq.
Bush will meet with U.K. Prime Minister Tony Blair and Spanish Prime Minister Jose Maria Aznar in the Azores, White House spokesman Ari Fleischer said. Oil prices have risen 18 percent in the past six months on concern an invasion of Iraq might disrupt Persian Gulf supplies. Evidence that Saudi Arabia, the world's top exporter, has boosted shipments to the U.S. helped prices fall.
``This meeting is a sign that there could be imminent action,'' said Marshall Steeves, an analyst with Refco Group Ltd. in New York. ``The invasion should be short-lived. U.S. Special Forces will quickly secure the Basrah and Kirkuk oil fields to keep the facilities from being damaged.''
Crude oil for April delivery was down 61 cents, or 1.7 percent, at $35.40 a barrel at the 2:30 p.m. close of trading on the New York Mercantile Exchange. Oil prices were down 6.3 percent this week, the biggest weekly decline since October.
Price declines accelerated as automatic sell orders, known as stops, were triggered.
``The speculators who brought us to this point are being forced out,'' said Ed Silliere, vice president of risk management at Energy Merchant LLC in New York. ``The same speculators that put the war premium into the price of oil have triggered an avalanche'' of selling.
Merrill Lynch raised the top of its 30-day range of generally expected crude oil prices to $46 a barrel from $41 to reflect concern that Iraq may blow up its oil wells in the event of war.
