[vision-master]

$this->bbcode_second_pass_quote('Armageddon', '')$this->bbcode_second_pass_quote('vision-master', '')$this->bbcode_second_pass_quote('smallpoxgirl', '1')42.26 overnight

[smallpoxgirl]

$this->bbcode_second_pass_quote('vision-master', '')$this->bbcode_second_pass_quote('smallpoxgirl', '1')42.26 overnight

[Duende]

Armageddon wrote:
$this->bbcode_second_pass_quote('', 'T')he national average is still under $4.00.

[JJ]

called my boss. old news. ho-hum.

[mcgowanjm]

$this->bbcode_second_pass_quote('smallpoxgirl', '')$this->bbcode_second_pass_quote('vision-master', '')$this->bbcode_second_pass_quote('smallpoxgirl', '1')42.26 overnight

[mcgowanjm]

$this->bbcode_second_pass_quote('NoWorries', 'E')bbs and flows. We knew this was coming (per Goldman Sachs and others). But even Goldman Sachs (Murti) is saying prices will fall back eventually, possibly by Christmas.

[patience]

AAAARRRRGH!

Here we go-o-o-o-o-o!

[Armageddon]

$this->bbcode_second_pass_quote('smallpoxgirl', 'I') think it's pretty bogus to equate the sale of a futures contract as having the same economic effect as the sale of a barrel of oil. Paper demand gets met with paper supply that is just as easy to create out of thin air. If the futures market was overpriced, supply should be starting to overwhelm demand. The price of the futures contracts would tank as they approach expiration because no one would want future delivery. All the speculators would lose their shirts. The only way that a speculator can affect the supply demand equation for the physical product is to buy and hoard the physical product. The only place that's happening is the SPR. Otherwise, stores of physical oil are lower than they were a year ago.

[sjn]

I honestly believe that the "speculators" have been keeping the price contained (read: going short). We're seeing these spikes up periodically as they get squeezed out as the pressure builds. They can't affect the fundamentals in the short to medium term, afterall their function and purpose is to provide liquidity to the market for the benefit of the commercials. In the long term they'll lose their shirts.

[strider3700]

speculators always get out when the current month contract rolls into the next. All that is left when the contract closes is people wanting to take delivery. How much did the price move and in which direction the last time the contract closed?

[smallpoxgirl]

$this->bbcode_second_pass_quote('Armageddon', 'T')he futures traders only have to put up 10% of the price out of their pocket. What it they had to pay it in full when they bought it ?

[bodigami]

in this chart (10 minutes, 500 units) the maximum value is $142.31... is that a new record?

$141.22 just now... we may see $145 today...

[dukey]

really who cares about speculation and futures
when the date comes someone HAS to take delivery, this always causes a sell off in the market. What are you gonna do as a speculator ? Store a thousand barrels of oil in your back yard ?

lol

the speculation argument is just one people put forward in the media because they would like to blame something other than supply and demand and really they have no clue how anything works

[Zardoz]

$this->bbcode_second_pass_quote('smallpoxgirl', '.')..The price is where the price should be right now. If anything it's maybe a little low...

[Sketh]

Breaking through again.

142.54

[biofuel13]

142.51 yippie!!

[smallpoxgirl]

$this->bbcode_second_pass_quote('zensui', 'i')n this chart (10 minutes, 500 units) the maximum value is $142.31... is that a new record?

[bodigami]

$142.8

$this->bbcode_second_pass_quote('smallpoxgirl', '')$this->bbcode_second_pass_quote('zensui', 'i')n this chart (10 minutes, 500 units) the maximum value is $142.31... is that a new record?

[Zardoz]

CNBC in now continuously displaying a crude oil price graphic in the lower right-hand corner of its screen. Highest I've seen so far is $142.83.

Their pundits and talking heads really do seem genuinely scared by all this. They appear to be sincerely worried. I don't think I'm imagining it.

[bodigami]

$this->bbcode_second_pass_quote('Zardoz', 'C')NBC in now continuously displaying a crude oil price graphic in the lower right-hand corner of its screen. Highest I've seen so far is $142.83.
(...)