Reply With QuoteGood. Also need to get the speculators out of it.
Oil Ends Below $100 a Barrel in Commodities Rout
Results 1 to 9 of 9
-
05-05-2011, 01:21 PM #1Sancho
- Join Date
- Dec 2010
- Gender
- Location
- Departing to the south climbing to 7000'
- Posts
- 3,715
- Rep Points
- 480491203
Oil Ends Below $100 a Barrel in Commodities Rout
U.S. crude oil futures settled below $100 a barrel on Thursday, the lowest close since mid-March, in a heavy sell-off across commodities markets sparked by slowing economic growth and signs of tighter monetary policies.
On the New York Mercantile Exchange, U.S. light, sweet crude [CLCV1 99.52
-9.72 (-8.9%)] settled down $9.44, or 8.64%, at $99.80 a barrel. That marked the lowest settlement since March 16. It earlier fell to a session low of $99.66, down $9.58, or 8.77 percent, and the lowest since March 17's intraday low of $96.60.
Front-month crude futures have fallen in four straight days, racking up losses of $14.13, or 12.40 percent, the biggest percentage loss since May 7, 2010 when prices fell 12.86 percent.
In London, Brent crude for June [LCOCV1 109.53 -11.66 (-9.62%) 
] last traded near $111 a barrel. It dropped earlier to the a session low of $110.72 a barrel, down $10.47, or 8.64 percent and marking the lowest since March 17's intraday low of $109.45.
Bearish signals came from data in both Europe and the United States Thursday, adding to economic concerns that have battered commodities markets all week. German industrial orders fell unexpectedly in March while U.S. weekly jobless claims hit eight-month highs.
The disruption of oil exports from Libya, concerns about the supply impact of unrest in the Middle East and Africa, and the weaker dollar have sent crude this year to the highest level since 2008, with Brent topping $127 a barrel and U.S. crude over $114 a barrel.
This won't make the greedy Jews at the NYMEX and the hedge funds happy.
-
05-05-2011, 04:23 PM #2.45 ACP rules!
- Join Date
- Feb 2008
- Gender
- Location
- Michigan
- Posts
- 2,395
- Rep Points
- 381027210
-
05-05-2011, 05:29 PM #3Has lost 58lbs! ELITE MEMBER
- Join Date
- Sep 2003
- Gender
- Location
- Your Moms closet
- Posts
- 12,875
- Rep Points
- 110488193
When does Obama's investigation on speculators' price gouging begin?
-
05-05-2011, 07:56 PM #4Is Doin It 4 Da Shorteez
- Join Date
- May 2002
- Gender
- Location
- Sin City
- Posts
- 12,500
- Rep Points
- 349917665
This is the best place for info on that subject. it is not covered much in the news
Originally Posted by TheGreatSatan
Dodd-Frank Act - CFTCI train differently than most, my beef is with gravity the weights on the bar are just the medium...Thanks to Wall Street your slice of the American Pie has been reduced to a crumb.
-
05-05-2011, 09:14 PM #5Registered User
- Join Date
- Dec 2009
- Gender
- Location
- Beijing, China
- Posts
- 4,968
- Rep Points
- 411364198
We can all sleep better tonight knowing that those two are on the case! lol They did such a great job in handling the secondary mortgage market. Maybe he'll pick up a tanker of oil for $40/gal and park it in his back yard. Originally Posted by LAM
http://online.wsj.com/article/SB123362399705441875.htmlLast edited by GearsMcGilf; 05-05-2011 at 09:20 PM.
Obama/Ayers 2012!!!
-
05-05-2011, 09:55 PM #6Registered User
- Join Date
- Dec 2010
- Gender
- Location
- USA
- Posts
- 75
- Rep Points
- 5750389
When prices drop and become stabilized and then they claim there is no foul play. Meanwhile the oil company's announce record profits. Originally Posted by TheGreatSatan
-
05-05-2011, 10:13 PM #7Is Doin It 4 Da Shorteez
- Join Date
- May 2002
- Gender
- Location
- Sin City
- Posts
- 12,500
- Rep Points
- 349917665
Read these 2 documents please you will find that it is a general lack of over-site and regulation on wall street and in derivatives. Originally Posted by GearsMcGilf
everytime new regulations, rules, etc. are place on wall street they find ways to circumvent them. hedge funds are a perfect example of this.
they could voluntarily opt in-or out of being regulated what a fucking joke!I train differently than most, my beef is with gravity the weights on the bar are just the medium...Thanks to Wall Street your slice of the American Pie has been reduced to a crumb.
-
05-06-2011, 05:57 AM #8Registered User
- Join Date
- Nov 2003
- Location
- WVA
- Posts
- 380
- Rep Points
- 724530
Isn't amazing that the value of a barrel dropped, but no drop in gas prices. hmmm...what a crock of shit. Originally Posted by LAM
To achieve Success is certaily tough..but keeping it, much tougher!
-
05-06-2011, 07:00 AM #9Registered User
- Join Date
- Mar 2009
- Location
- Ut
- Posts
- 54
- Rep Points
- 763295
At some point a big scam will bust on this oil stuff, or we will get a President that wont be making money on it and will do something to help his people out.
Similar Threads
-
U.S. war in Iraq officially ends...
By Mrs.V. in forum Open ChatReplies: 34Last Post: 12-17-2011, 07:31 AM -
Option trading Jews betting on $200/barrel oil
By Big Pimpin in forum Open ChatReplies: 27Last Post: 05-06-2011, 06:59 AM -
Harry Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out
By LAM in forum Open ChatReplies: 7Last Post: 04-14-2011, 08:59 PM -
Buy Two Get One Free - ENDS SOON
By TwisT in forum Research ChemicalsReplies: 3Last Post: 03-29-2011, 10:17 PM -
It all ends at midnight!!!!
By wheystation in forum Diet & NutritionReplies: 0Last Post: 04-25-2006, 05:55 PM
Posting Permissions
DISCLAIMER:
All health, fitness, diet, nutrition & supplement information presented on IronMagazineForums.com's pages is intended as an educational resource and is not intended as a substitute for proper medical advice. We do not condone the use of anabolic steroids (AAS), all information about AAS is for educational and entertainment purposes only. Consult your physician or health care professional before performing any of the exercises, or following any diet, nutrition or supplement advice described on this website. As well as any exercise technique or regimen, diet, supplement, etc., particularly if you are pregnant or nursing, or if you are elderly or have chronic or recurring medical conditions. Discontinue any exercise that causes you pain or severe discomfort and consult a medical expert. The statements made about products have not been evaluated by the Food and Drug Administration (U.S.). They are not intended to diagnose, treat, cure or prevent any condition or disease. Please consult with your own physician or health care practitioner regarding the suggestions and recommendations made at IronMagazineForums.com. Neither the author of the information, nor the producer, nor distributors of such information make any warranty of any kind in regard to the content of the information presented on this website. Except as specifically stated on this site, neither IronMagazineForums.com, nor any of its authors or other representatives will be liable for damages arising out of, or in connection with the use of this site. This is a comprehensive limitation of liability that applies to all damages of any kind, including (without limitation) compensatory, direct, indirect or consequential damages, loss of data, income or profit, loss of or damage to property and claims of third parties. Sponsors pay for advertising space, we have no affiliation with the companies that have banners displayed on our websites. Please be advised it is your responsibility to check the laws that govern your country, state, or province in regards to items offered by some companies you may read about on this site.