UPDATE: Morgan Stanley to Sell Global Oil Merchanting Business to Rosneft


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


Morgan Stanley (NYSE: MS) today announced a definitive agreement to sell the Global Oil Merchanting unit of its Commodities division to a 100 percent subsidiary of Rosneft Oil Company. Financial terms of the transaction were not disclosed. The sale includes a dispersed international network of oil terminal storage agreements; inventory; physical oil purchase, sale and supply agreements; equity investments; and freight shipping contracts. Approximately 100 front-office executives in the U.S., UK and Singapore, or one-third of Morgan Stanley's total commodities front-office personnel, will move to Rosneft Group as part of the transaction. Morgan Stanley's oil merchanting business engages in the global storage, trading and transportation of oil and See full press release

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


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