[KevO]

dated brent that is
http://www.bloomberg.com/energy/

[eXpat]

[GoghGoner]

I read somebody speculating that the WTI gain today is traders pricing in this week's EIA report - inventories at Cushing are expected to fall due to a disruption of imports in the Gulf due to that massive oil slick. I would expect this bullish push to continue for the rest of the month, WTI should pass $90 easily. The only stopper is when investors wake up and realize the government has to pull the plug at some point.

[eXpat]

Mission accomplished, according to this: http://www.livecharts.co.uk/MarketCharts/brent.php Brent is USD 91.54
Next stop $100!!!

[dolanbaker]

A bit of speculation gambling going on here, back down to $85 now!.

[misterno]

Goldman Sachs is making money again

[copious.abundance]

$this->bbcode_second_pass_quote('eXpat', 'M')ission accomplished, according to this: http://www.livecharts.co.uk/MarketCharts/brent.php Brent is USD 91.54
Next stop $100!!!

[KevO]

$79 now
http://www.bloomberg.com/markets/commodities/energyprices.html
what next, a home price crash?

[dorlomin]

Dollar strengthening and fears of Greek PIIG flu spreading should keep it low for a while.

[Mesuge]

Some say, the greek meltdown (abrupt ratings change) could be organised speculative attack on euro via the weakest of them (among the PIGS) to prop up the $ as the global energy currency or relatively to euro and other possible-optional basket of currencies (BRIC) for some time more. Certainly, we are not in the position to know, and if this is the case, surely the headhonchos at Brussels and Frankfurt won't tell the peasants what's going on and share the intel they directly work with now. Recently, there has been some skirmishes with Washington, as the europeans want to block entry to some incomming speculative capital to eurozone.
In any event the water is full of blood, lots of sharks in there..

[mos6507]

Peakers denied again. Nothing to see here, move along.

[shortonsense]

$this->bbcode_second_pass_quote('mos6507', '[')url=http://online.wsj.com/article/BT-CO-20100507-714037.html?mod=WSJ_latestheadlines]Peakers denied again.[/url] Nothing to see here, move along.

[americandream]

Seeing as oil is benchmarked in the West, I'm curious as to where this defence is likely to take place. In the public gardens in Caracas perhaps? Or maybe at the Kaaba in Mecca.

$this->bbcode_second_pass_quote('shortonsense', '')$this->bbcode_second_pass_quote('mos6507', '[')url=http://online.wsj.com/article/BT-CO-20100507-714037.html?mod=WSJ_latestheadlines]Peakers denied again.[/url] Nothing to see here, move along.

[shortonsense]

$this->bbcode_second_pass_quote('americandream', 'S')eeing as oil is benchmarked in the West, I'm curious as to where this defence is likely to take place. In the public gardens in Caracas perhaps? Or maybe at the Kaaba in Mecca.

[dolanbaker]

Still trending upwards, the price has had four silimar drops in the past year but recovers each time and then goes higher.

[mos6507]

At that rate it will be another year or two before averaged oil prices pierce $100. And that's assuming the Saudis don't release some of that spare capacity they say they still have. That's not the second coming of the 2008 superspike that so many people are waiting for.

[shortonsense]

$this->bbcode_second_pass_quote('dolanbaker', 'S')till trending upwards, the price has had four silimar drops in the past year but recovers each time and then goes higher.

[dolanbaker]

$this->bbcode_second_pass_quote('shortonsense', '')$this->bbcode_second_pass_quote('dolanbaker', 'S')till trending upwards, the price has had four silimar drops in the past year but recovers each time and then goes higher.