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Thread: OIL..

  1. #1

    Default OIL..

    http://marketwatch.com WTF? oil is JUMPING... what happened? consumption just increase like 100% or what?
    x3

  2. #2

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    back QUICKLY Under $48 a Barrel now (again) Hmm....
    x3

  3. #3

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    Oil is going down. It is just the skimmers trying to keep it afloat at this stage. Just like the housing market...buy up all the inventory and keep it off the market.

    Fortunately for us, there is only so much physical storage at this point. Right now, the race is to build more storage capacity before the bottom drops out.

  4. #4

    Default

    Quote Originally Posted by Atlas Shrugged View Post
    Oil is going down. It is just the skimmers trying to keep it afloat at this stage. Just like the housing market...buy up all the inventory and keep it off the market.

    Fortunately for us, there is only so much physical storage at this point. Right now, the race is to build more storage capacity before the bottom drops out.
    Bolded for emphasis.

    "The Perfect Storm For Oil Hits In Two Months: US Crude Production To Soar Just As Storage Runs Out"
    http://www.zerohedge.com/news/2015-0...orage-runs-out

  5. #5

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    over $48 again (at the moment)
    x3

  6. #6

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    Quote Originally Posted by silverone View Post
    over $48 again (at the moment)
    Patience, the second collapse in price is about a month to two months away. Lots of dead cats...

  7. #7

    Default

    Quote Originally Posted by Atlas Shrugged View Post
    Patience, the second collapse in price is about a month to two months away. Lots of dead cats...


    Agreed

    I believe inventory surplus is now over 450 million barrels




    Stockpiles of U.S. crude rose by 8.2 million barrels to record highs in the week ending March 20, according to data from the U.S. government's Energy Information Administration.



    http://www.cnbc.com/id/102532161

  8. #8

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    $48.90 now? Wow..
    x3

  9. #9

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    Quote Originally Posted by silverone View Post
    $48.90 now? Wow..
    Meow........

  10. #10

    Default Quite a dead kitty bounce ...

    Quote Originally Posted by Atlas Shrugged View Post
    Meow........
    Flew right past 51 bucks ,,, for a while.

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