$80 OIL, RECORD LOW DOLLAR, STOCKS QUIET
The headline: Oil Touches Record Intraday High Of $80.18 After Supplies Fall More Than Expected.
Pete Najarian tells the panel that commodities such as oil were the main drivers of Wednesday’s market.
Karen Finerman likes ConocoPhillips (COP) as a beneficiary of $80 oil.
Guy Adami recommends Apache (APA) as a trade on crude.
On a related note, Dylan Ratigan explains that the Dow gave up a gain of 52 points to end the session lower snapping a 2-day advance. It’s Up 6.6% in 2007