Current Oil Price

biffvernon · Post by **biffvernon** » 07 Dec 2009, 22:16

$73.99 Going down.

biffvernon · Post by **biffvernon** » 08 Dec 2009, 19:02

and down $72.85

biffvernon · Post by **biffvernon** » 09 Dec 2009, 19:37

and down $70.44

PS_RalphW · Post by **PS_RalphW** » 09 Dec 2009, 20:58

US prices are once again the lowest. They are dragging other grades down on the spot market.

Brent is $73.87 spot price. The US demand is still falling, even as US stocks also fall.

There is a flight to the dollar again as the Euro looks weak on the back of Greece's debt downgrade.

ziggy12345 · Post by **ziggy12345** » 12 Dec 2009, 06:13

....below $70....

PS_RalphW · Post by **PS_RalphW** » 16 Dec 2009, 15:48

Spiked back over $73 on a bullish US inventory report
(down by 12M barrels across all categories. Still 'above long term normal range') Partly due to bad weather in the gulf.

Also drooping dollar again. We are nearly 12 months from the recent price low, I think this is traditionally the low season for global oil demand.

Post by **adam2** » 16 Dec 2009, 17:02

This is probably driving the price up
http://news.bbc.co.uk/1/hi/world/middle ... 415489.stm
In addition to declining US stocks, and normal supply/demand balance.

Aurora · Post by **Aurora** » 29 Dec 2009, 08:08

Five week high - $78.77

WSJ - 29/12/09

Crude Up On Iran's Protests, Russian Oil Disputes

Article continues ...

emordnilap · Post by **emordnilap** » 29 Dec 2009, 12:53

The bride's nightie...

PS_RalphW · Post by **PS_RalphW** » 04 Jan 2010, 10:43

$81 and rising. We could beat the 2009 top price by the end of the day.

Happy new year.

biffvernon · Post by **biffvernon** » 04 Jan 2010, 20:22

Yes there's a lot of 'good' economic news about today, so demand for oil will pick up and the price will pick up...and we all know what happens then.

RenewableCandy · Post by **RenewableCandy** » 04 Jan 2010, 20:44

Yeah. Some clever love-child nicks it from our kids' school oil-tank!

PS_RalphW · Post by **PS_RalphW** » 06 Jan 2010, 16:50

Just blown $83. New 15 month high

That after a bearish stocks report.

Somebody wants the oil.

madibe · Post by **madibe** » 07 Jan 2010, 13:11

keep on truckin'

82.3

ziggy12345 · Post by **ziggy12345** » 13 Jan 2010, 16:51

After reaching over $83 its now down to $78 in 2 days....