Oil $127.45 +$3.37
Crude prices gain nearly $4 a barrel after Labor Department report shows a smaller-than-expected decline on U.S. jobs in July.
Yeah, going up $3+ on something that hasn’t affected supply or demand makes perfect sense.
So glad we had to back burner the speculation bill debate to make time for a slavery apologization from Congress.
:picard:
^ That gave me an idea.
Why don’t Exxon/Mobil &Walmart just merge and we can all be their slaves?
(Maybe microsoft too.)
I love socialism
you’re so crazy i love it
WORD.
Israeli Deputy Prime Minister Shaul Mofaz’s comments on Iran nearing a breakthrough in its nuclear program “re-energized concerns that Israel or the U.S. may attack Iran’s nuclear facilities,” said James Williams, an economist at WTRG Economics. “This news is like waving a red flag in from of the crude-oil bulls totally overwhelmed the bearish economic news of anther drop in non-farm payroll jobs and the highest unemployment rate in 4 years.”
oh here we go again :cjerk:
http://money.cnn.com/2008/08/01/markets/oil/index.htm?postversion=2008080112
After being up over $4 it’s now up only .92.
Will it end up negative before the close?
tropical storm/ poss hurricane in the Gulf and this is what happens today:
Oil $120.50 -$4.60
^ That’s storm won’t have enough time to get strong enough to cause major damage, at least to the relatively sturdy oil production facilities. If you live in a trailer it’s a different story.
I’m just hoping we make it through the entire hurricane season without seeing a cat 3, 4 or 5 in the Gulf.
Concerns about tropical storm and its hurricane potential, as well as blast at Valero facility and Iran concerns, overlooked by traders.
OT: Everytime I see JEspo as the last post in this thread, all I can think of is:
Will it close below $120 finally today?
Looks like it could be close…
i bet it doesn’t. 
Dont people say that rez gas is bad or something? Not sure tho. I wonder how much they get gas for?