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Title: Crude Oil Tops $85 a Barrel On Economic Hopes ($100 a bbl here we come!)
Source: [None]
URL Source: [None]
Published: Apr 1, 2010
Author: Nick Godt
Post Date: 2010-04-01 13:44:53 by Nebuchadnezzar
Keywords: None
Views: 122
Comments: 6

Crude Oil Tops $85 a Barrel On Economic Hopes

You must login or register in order to recommend this. ShareThis| Respond to Editor | Print By Nick Godt MarketWatch Pulse NEW YORK -- Crude oil futures briefly topped $85 a barrel on Thursday, as news of a drop in U.S. joblessness added to earlier optimism about the global economy. Earlier, reports on Chinese and European manufacturing, and an upbeat survey of business sentiment in Japan combined to lift crude oil futures above $84 a barrel. In recent action, crude oil for May delivery gained $1.06, or 1.3%, to $84.82 a barrel in electronic trading on Globex. The contract reached an intraday high of $85.07 a barrel minutes earlier.

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#1. To: All (#0)

Man this is great. Let us assume there is an economic recovery underway in the US.

$100 a barrel will kill is like SIDs does to a child in it's crib.

Yet it is increased economic activity which drives the cost per barrel up to $100.

Catch-22.

YOU GOTTA LOVE IT!!!

Goldi-Lox: You're one dumb-fucking bitch.

Nebuchadnezzar  posted on  2010-04-01   13:46:05 ET  Reply   Trace   Private Reply  


#2. To: Nebuchadnezzar (#0)

Crude Oil Tops $85 a Barrel On Economic Hopes

Since we are supposed to be missing the good old days of the Bush administration, I'm reminiscing for those wonderful 140 dollar a barrel days to come back ASAP.

mininggold  posted on  2010-04-01   13:48:57 ET  Reply   Trace   Private Reply  


#3. To: Nebuchadnezzar (#0)

Econ recovery is only part of the reason for the spike in price. The Iranian war factor is pushing prices to these levels.

Never swear "allegiance" to anything other than the 'right to change your mind'!

Brian S  posted on  2010-04-01   14:02:42 ET  Reply   Trace   Private Reply  


#4. To: Brian S (#3)

Econ recovery is only part of the reason for the spike in price. The Iranian war factor is pushing prices to these levels.

We aren't suppose to factor that in as it's just another tithe we make to the "sovereign" state of Israel in it's quest for completion of the amassing of land it wants to have the rest of the world think it's been "promised".

mininggold  posted on  2010-04-01   14:16:09 ET  Reply   Trace   Private Reply  


#5. To: mininggold (#2)

To: Nebuchadnezzar

Crude Oil Tops $85 a Barrel On Economic Hopes Since we are supposed to be missing the good old days of the Bush administration, I'm reminiscing for those wonderful 140 dollar a barrel days to come back ASAP.

Ah yes! But that was because we didn't "invest in green technology".

Now what is your lame excuse for the more than doubling of oil under Obama?

Goldi-Lox: You're one dumb-fucking bitch.

Nebuchadnezzar  posted on  2010-04-01   14:42:25 ET  Reply   Trace   Private Reply  


#6. To: mininggold (#4)

We aren't suppose to factor that in as it's just another tithe we make to the "sovereign" state of Israel in it's quest for completion of the amassing of land it wants to have the rest of the world think it's been "promised".

Ming, evil Ming, why do you hate Jews sooooooo much?

Goldi-Lox: You're one dumb-fucking bitch.

Nebuchadnezzar  posted on  2010-04-01   14:46:25 ET  Reply   Trace   Private Reply  


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