[TonisD]

139, here we come!

[TWilliam]

$this->bbcode_second_pass_quote('biofuel13', '1')38.15

[Armageddon]

$this->bbcode_second_pass_quote('Dan1195', 'C')BNS showing crude up by over $10..thought that could not happen. Depends what base price they are using.

[DantesPeak]

$this->bbcode_second_pass_quote('TWilliam', '')$this->bbcode_second_pass_quote('biofuel13', '1')38.15

[charliehelyes]

$138.91!!

[TWilliam]

$this->bbcode_second_pass_quote('DantesPeak', '')$this->bbcode_second_pass_quote('TWilliam', '')$this->bbcode_second_pass_quote('biofuel13', '1')38.15

[Geko45]

[Geko45]

[charliehelyes]

this is hardcore doomer porn $138.91

[Dreamtwister]

$this->bbcode_second_pass_quote('charliehelyes', 't')his is hardcore doomer porn $138.91

[charliehelyes]

airlines were saying they would go bankrupt if oil stayed at 130 now its basically at 140 i would say good bye cheap air travel today

[dohboi]

Well, I guess that's the end of our big correction or contraction or whatever you want to call it. In a couple days people will be getting all excited if oil "plunges" down to $135 again. The "dips" will keep happening, but they seem to be getting shallower and shorter.

[TonisD]

We have $139 per barrel of oil.

[dohboi]

Just an added note--remember this day: 6/6/'08. This is the day the last hopes of those in the "correction" camp were dashed for oil prices, and this is the day that the ice cover on the Arctic started its dramatic fall toward (near?) total meltdown. Major PO and GW turning points hitting the same day!

tale of the tape

[charliehelyes]

$139.16?? wtf happend today?

[dohboi]

Here's a MSM explanation, for what it's worth:

record jump in oil prices

[eXpat]

The New York Times puts the blame on the Israelis for Oil prices link

$this->bbcode_second_pass_quote('', 'O')il prices had their biggest-ever jump on Friday, after a senior Israeli politician raised the specter of an attack on Iran and the dollar fell against the euro.
...
Even as uncertainties abound about the fundamentals of the market, geopolitical tensions in the Middle East regained center stage after Israel’s transportation minister, Shaul Mofaz, said Friday that an attack on Iran’s nuclear sites looked “unavoidable.” Iran is the second-largest oil producer within the OPEC cartel and any interruptions in its exports could push prices higher levels.

“The return of the Iranian risk premium calls for a careful assessment of the potential oil supply impact of military strikes on Iran,” said Antoine Halff, an analyst at Newedge, an energy broker

[DantesPeak]

$this->bbcode_second_pass_quote('dohboi', 'H')ere's a MSM explanation, for what it's worth:

record jump in oil prices

[emersonbiggins]

I thought a nuke strike against Iran was already baked into the price?

[DantesPeak]

$this->bbcode_second_pass_quote('emersonbiggins', 'I') thought a nuke strike against Iran was already baked into the price?