Spike around 1:20pm

Discussion in 'Energy Futures' started by chinook, Mar 10, 2011.

  1. Hi all,

    Was there any news behind the CL spike around 1:20 pm EST today?

    Thanks
     
  2. Bowgett

    Bowgett

    Yes
     
  3. The crude contract I'm trading CLM1...
    Spiked from 103.35 to 105.99 in 12 minutes...
    The 12 minutes are 13:20 to 13:32... the spike is about $2.65...
    (I'm long so it helped... plus scalping this thing was a blast).

    NOW we all know this was triggered by a single AP story...
    That Saudi security fired live rounds at protesters.

    12 minutes is a fucking long time...
    Even 4 minutes into this spike we were only at $104.00...
    With another $2.00 of hysterical buying in the pipeline.

    Assuming money is not a big consideration...
    What are the best ways to know as soon as possible...
    What specific event has triggered a big commodity spike?

    AP, Reuters, some consolidated feed, some squawk service?