Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Is anyone watching the oil markets right now? Holy $#@%!!!!!

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread		 This topic is archived.
Home » Discuss » Topic Forums » Environment/Energy Donate to DU
 
NickB79 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 01:24 PM
Original message
Is anyone watching the oil markets right now? Holy $#@%!!!!!
It's back up to $130/barrel!!!!
Printer Friendly | Permalink |  | Top
phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 01:25 PM
Response to Original message
1. Well, there's your market's vote on the dollar...
Printer Friendly | Permalink |  | Top
 
MidwestTransplant Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 01:25 PM
Response to Original message
2. Weak dollar. HUGE short squeeze.
Edited on Mon Sep-22-08 01:26 PM by MidwestTransplant
It will be back to around 110 tomorrow as this month's contract expires today.
Printer Friendly | Permalink |  | Top
 
Tandalayo_Scheisskopf Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 01:26 PM
Response to Original message
3. Not from what I see.
But it's not good.

PETROLEUM ($/bbl)
PRICE* CHANGE % CHANGE TIME
Nymex Crude Future 113.88 9.33 8.92 13:53
Dated Brent Spot 105.48 7.58 7.74 14:23
WTI Cushing Spot 119.14 14.59 13.96 14:11
Printer Friendly | Permalink |  | Top
 
NickB79 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 01:29 PM
Response to Reply #3
6. I'm watching it go up by the minute on CNBC
Now it's dropped back down to "only" $125/barrel.

Nope, I just typed that sentence, looked up, and it is at $126.50!
Printer Friendly | Permalink |  | Top
 
orwell Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 01:40 PM
Response to Reply #3
7. It hit its limits on the NYMEX...
...that's why the differential.
Printer Friendly | Permalink |  | Top
 
Extend a Hand Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 01:29 PM
Response to Original message
4. where are you looking?
kitco has it at $115. Is there a better place to follow it?
Printer Friendly | Permalink |  | Top
 
tosh Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 01:29 PM
Response to Original message
5. I'm watching....also up are any oil-related stocks.
Schlumberger SLB, Transocean RIG, Murphy Oil MUR, Penn West Energy Trust PWE, etc. etc.
Printer Friendly | Permalink |  | Top
 
Indenturedebtor Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 01:48 PM
Response to Original message
8. That has more to do with the Enron loophole than the dollar
Thanks Republicans for ruining everything you touch. You're the best!
Printer Friendly | Permalink |  | Top
 
Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 01:50 PM
Response to Original message
9. I don't look at NYMEX without a glass of scotch these days. nt
Printer Friendly | Permalink |  | Top
 
Darwins Doberman Donating Member (83 posts) Send PM | Profile | Ignore Mon Sep-22-08 11:38 PM
Response to Original message
10. I think it's patently obvious what we need to go back to
whale boiling.



http://www.ahabsplan.org
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Fri May 03rd 2024, 04:04 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Topic Forums » Environment/Energy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC