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Author Topic: Oil Price Watch  (Read 156543 times)
lowem
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« Reply #3450 on: October 15, 2009, 09:11:07 PM »
Woohaa, welcome to $78 oil.
I'm always nervous though when it comes to vertical moves. Enjoy the moment.

For now we could say that the $75 resistance level / glass ceiling is shattered.
Now to test that as *support*.
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Satori
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« Reply #3451 on: October 15, 2009, 10:04:38 PM »
oil back to triple digits

http://www.prisonplanet.com/oil-will-surge-to-triple-digits-on-demand-trader.html
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graveday
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« Reply #3452 on: October 16, 2009, 01:06:49 AM »
If it continues to blast through the seventy dollar levels, then that is a worry, and as some have mentioned, a suspicion.  I can do little other than pony up the money to pay the prices asked to drive my silver bullet into the brain of my offspring's offspring.
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Nearly all men can stand adversity, but if you want to test a man's character, give him power.---Abraham Lincoln
Satori
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« Reply #3453 on: October 16, 2009, 04:23:44 PM »
$78.57

and locally gas up again today
$2.50 a gallon
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Gustav
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« Reply #3454 on: October 18, 2009, 08:12:15 PM »
$79.05 in early trade
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Bill Hicks
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« Reply #3455 on: October 18, 2009, 08:30:09 PM »
Quote from: Gustav on October 18, 2009, 08:12:15 PM
$79.05 in early trade

Will this be the day that $80 falls? 
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Megadoom
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« Reply #3456 on: October 18, 2009, 09:28:35 PM »
Quote from: Bill Hicks on October 18, 2009, 08:30:09 PM
Quote from: Gustav on October 18, 2009, 08:12:15 PM
$79.05 in early trade

Will this be the day that $80 falls? 

Only if stock equities rally, and for that to happen the earnings week has to be, you guessed it, "better than expected."
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suburban_junkscape
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« Reply #3457 on: October 19, 2009, 03:24:06 AM »
We're going up $1 a day like in early 2008. Peak oil is back!
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Manowar
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« Reply #3458 on: October 20, 2009, 01:51:10 AM »
Seems like $80 today... $79.74 now.
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Gustav
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« Reply #3459 on: October 20, 2009, 02:53:39 AM »
was just $80.05, a dollar a day indeed
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Chip Haynes
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« Reply #3460 on: October 20, 2009, 10:59:29 AM »
Yeah, Drudge just linked to an $80 oil story.

We'll see if it lasts though, as we are past the traditional North American driving/demand season.
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suburban_junkscape
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« Reply #3461 on: October 21, 2009, 12:38:34 AM »
But we're entering the heating oil season. I might be wrong but I think I read global oil demand peaks in the 4th quarter and is lowest in April.
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graveday
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« Reply #3462 on: October 21, 2009, 12:44:14 AM »
Quote from: suburban_junkscape on October 21, 2009, 12:38:34 AM
But we're entering the heating oil season. I might be wrong but I think I read global oil demand peaks in the 4th quarter and is lowest in April.

Well, you have never been wrong before.  I might be wrong. 
I am joking, as I remember your taking a bath, but this is a different matter.
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Satori
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« Reply #3463 on: October 21, 2009, 11:55:48 AM »
back up to $80.57

but that's because the economy is improving
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Satori
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« Reply #3464 on: October 21, 2009, 01:01:11 PM »
$3.00 gas here we come Angry

$81.09
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