The "Oil Prices" thread.

Oil $117.25 -$1.92

:present:

Oil $117.25 -$1.92

:present:

Out of curiousity, where did this info of this $117 selling point come from.
Out of curiousity, where did this info of this $117 selling point come from.
Out of curiousity, where did this info of this $117 selling point come from.

Seeing as I suck at the whole loop thing, and staying with it.

right here

So correct me if im wrong.

If it closes below $117 automated computer systems will dump a ton of contracts and make it go down rapidly bringing it closer to $100, right?

^^ correct.

only needs to drop another 25 cents right now to hit that level.

Oil $117.25 -$1.92

edit: what really pisses me off is that at $117 a barrel, gas COST would be $2.78 a gallon, and im still paying $4.12 a gallon. yeah i know it takes time to get back to the pump price but prices should be falling a little bit faster IMO

that is the best news ive heard in months

Yes but doesnt it need to close at that? Not just hit it once during the day?

Im just trying to understand it

becuase everytime you post a number during the day it closes like a dollar nad a half higher.

Don’t go shopping for land yachts just yet. It’s dancing with $119 and Bush is setting the stage for war with Iran. :tinfoilhat:

http://www.cnn.com/2008/WORLD/meast/08/06/iran.iaea/index.html?eref=rss_world

meh, we arent going to do shit to Iran right now.

Iran certainly is next on the agenda, but Iraq will need to be squared away before we will do anything over there

:lol: Afghanistan isn’t squared away…Iraq isn’t squared away…

We won’t be fighting battles on 3 fronts…

http://money.cnn.com/2008/08/06/markets/thebuzz/index.htm?postversion=2008080612

Sub 100 here we come.

f-ing A :tup: outstanding

fucking iranians

you forgot north korea too

http://money.cnn.com/2008/08/06/news/companies/commoditiesdesk_valero.fortune/index.htm

Valero back on the rise. Any thoughts?

its all about the onions

pussy

We will once there is a draft lol.