Oil still rising tonight, up over $85, if job reports comes in extremely positive tomorrow it should push oil up another 2% by early next week. Oil is moving into the extreme zone in my opinion, sooner or later oil rising will break the market. Todays price at $85 is like $100+ about 18 months ago. Again without intervention and stimulus within the economy oil would be trading 50% cheaper.
New 2010 high!!! *OIL __86.60__ +1.73 __+2.04% Summer is coming, more driving, more speculation = $100+ and $4.00 a gallon.
1)they need to ban the paper demand on oil and only physical demand should determine the price 2) Jail everyone in GS 3) Extend Obama's presidency to 20 years
BRENT CRUDE FUTR (USD/bbl.) 85.970 1.960 2.33 I cant wait to pay $3.50 Cant wait to see the price of goods go higher because the cost of oil moving up, speculation is back in play, let the bubble begin.
Oil still powering ahead *OIL 86.85 +0.23 +0.27% SCO could be a buy sooner than later, 11.22 -0.04 (-0.36%) Volume 924,956 11:09:48 AM EDT and ERY which is EXTREMELY oversold, DIREXION ENERGY BEAR 3X (ERY) 9.30 -0.07 (-0.75%) Volume 557,214 11:10:15 AM EDT
all the tanks and tankers are full demand still not receovered There is still no sign of phsyical demand yet oil is going up It is all because of paper demand that is it Goldman Sachs is making money and the public is losing when is this circus gonna end?
*OIL 86.92 0.77 +0.89% and new 2010 highs are back Gas near me is officially over $3.00 a gallon, I paid $3.10 today. $100+ should push prices to $3.50-$3.75 and $120+ oil should bring $4.00. Remember there is no inflation in the economy.