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Author Topic: Oil Price Watch  (Read 156301 times)
Chip Haynes
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« Reply #630 on: January 04, 2008, 07:09:13 AM »
First thing Friday morning oil is at a comfy $99.00 even.

Where will it go today?
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fred-windsor
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« Reply #631 on: January 04, 2008, 04:38:31 PM »
http://money.cnn.com/video/#/video/news/2008/01/03/velshi.oil.100.barrel.cnnmoney 

Well thats not good new!
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fred-windsor
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« Reply #632 on: January 07, 2008, 11:54:50 AM »
Finally cooling off a bit.

95$
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Chip Haynes
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« Reply #633 on: January 07, 2008, 12:35:10 PM »
Funny how $95 looks cheap, huh?

No, wait- That's not funny at all!
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Chip Haynes
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« Reply #634 on: January 08, 2008, 07:57:52 AM »
After cooling its heels in the $95 range yesterday, oil is up to $96.50 this morning already...

And just above $97 as we close in on lunch.
« Last Edit: January 08, 2008, 10:56:24 AM by Chip Haynes » Logged
Chip Haynes
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« Reply #635 on: January 10, 2008, 03:16:10 PM »
And now it's down below $94- Whadda ride!
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fishsurfer
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« Reply #636 on: January 10, 2008, 10:41:37 PM »
Quote from: Chip Haynes on January 10, 2008, 03:16:10 PM
And now it's down below $94- Whadda ride!
Sometimes you have to whip that horse to get it moving.  I think the mid 90's has enough welts for now, it may be time to kick it up over 100 for good very soon.
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fred-windsor
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« Reply #637 on: January 11, 2008, 02:42:47 PM »
92.48$ Shocked
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OzCynic
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« Reply #638 on: January 11, 2008, 08:38:11 PM »
The Oil Price goes up when it snows around the New York Mercantile Exchange. It goes down when it stops snowing.

It goes up when the traders on the New York Mercantile Exchange notice it's Summer around the place and a lot more people are driving and flying places. it goes down when they think there's gonna be less driving and flying.

It REALLY skyrockets when reality busts it's way it, and they discover that Cushing Oklahoma, has less Oil than the traders thought. It goes down a little when the traders think there's some more Oil coming on to the market after some PR shill announces some "major" discovery some place. It rockets back up when the real reports of the tininess of the find filter through.

The Oil market, like all markets, has two modes of acting:

#1. Buy on rumour, sell on fact;

#2. Buy on fact, sell on rumour.

And the New York Mercantile Exchange has two ways of assessing the "facts and rumours":

#1. Superiority-driven hubristic arrogant complacency;

#2. Blind Panic.
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The Oil market, like all markets, has two modes:

#1. Buy on rumour, sell on fact;

#2. Buy on fact, sell on rumour.

The New York Mercantile Exchange has two ways of assessing the "facts and rumours":

#1. Superiority-driven hubristic arrogant complacency;

#2. Blind Panic
Coyflyte
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« Reply #639 on: January 11, 2008, 09:07:13 PM »
Great post, OzCynic!  I liked that!    Grin
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OzCynic
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« Reply #640 on: January 12, 2008, 08:35:59 PM »
Quote from: Coyflyte on January 11, 2008, 09:07:13 PM
Great post, OzCynic!  I liked that!    Grin

Thanks, Coyflyte ...I think I'll use it as a signature.
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The Oil market, like all markets, has two modes:

#1. Buy on rumour, sell on fact;

#2. Buy on fact, sell on rumour.

The New York Mercantile Exchange has two ways of assessing the "facts and rumours":

#1. Superiority-driven hubristic arrogant complacency;

#2. Blind Panic
Bionic_Oil_Gut
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« Reply #641 on: January 16, 2008, 02:47:33 AM »
Down to $91.36, once the big recess hits we should see it hover around $80 especially if GW's missionary position with the Saudi’s pays off.
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bkwillia
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« Reply #642 on: January 16, 2008, 08:51:56 AM »
Theres a lot of support in the $88 dollar range.  We'll see how the today's oil report comes out.  Refineries will have to go into maintenance soon which could take some pressure off oil, but product supplies will likely tighten.
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Bionic_Oil_Gut
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« Reply #643 on: January 17, 2008, 01:40:14 AM »
Almost popped the 80's    $90.92  it will tumble, mid eighties within 3 weeks
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vaporiser
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« Reply #644 on: January 17, 2008, 01:45:40 AM »
the increased oil price since summer 2007 hasn't affected all end products yet.
for some there is a longer delay for the impact.
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end of civilisation
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