Current Oil Price

Keela · Post by **Keela** » 19 Sep 2007, 11:12

Thanks. Useful link.

In the absence of Tess, of course!

Post by **adam2** » 19 Sep 2007, 15:30

According to the BBC website, west texas crude has fallen by $80-70 and is now valueless!
Not the first really bad typo on the website!

RevdTess · Post by **RevdTess** » 19 Sep 2007, 18:27

adam2 wrote:According to the BBC website, west texas crude has fallen by $80-70 and is now valueless!
Not the first really bad typo on the website!

Oooh, let me buy some...

Actually we are down slightly today after setting yet another new high ($82.51). Price for October WTI is now $81.30.

Today is the first day for about 2 weeks we haven't seen massive wave of hedge fund buying. I wonder if they're done for the time being?

SunnyJim · Post by **SunnyJim** » 19 Sep 2007, 18:38

I expect they're all back on a roll with the equties now the BoE has promised 10 BILLION of 'liquidity' for the 3 month money markets. Idiots.

RevdTess · Post by **RevdTess** » 19 Sep 2007, 21:22

SunnyJim wrote:I expect they're all back on a roll with the equties now the BoE has promised 10 BILLION of 'liquidity' for the 3 month money markets. Idiots.

I think you're probably right. That's exactly how they think.

Ballard · Post by **Ballard** » 19 Sep 2007, 21:34

I'm willing to bet that the ?surprise? drop in inflation will ensure that the BOE drop interest rates at the next opportunity.

marty · Post by **marty** » 19 Sep 2007, 21:55

Might be a relatively short 'cycle'. In about six months time, with inflation rocketing back up, people will be after Mervyn King's blood again. Or the next guv'nors blood, that is.

I've got David Bowie singing Cat People (Putting Out Fire) stuck in my head these last few days.

syberberg · Post by **syberberg** » 20 Sep 2007, 01:05

marty wrote:Might be a relatively short 'cycle'. In about six months time, with inflation rocketing back up, people will be after Mervyn King's blood again. Or the next guv'nors blood, that is.

And I wonder at whom the finger of blame from the BoE and it's board/gov will point? You can almost take it for granted there'll be cries of "Not my fault, blame....."

marty wrote: I've got David Bowie singing Cat People (Putting Out Fire) stuck in my head these last few days.

For me it's been The Eagles' Hotel California.

Erik · Post by **Erik** » 20 Sep 2007, 22:18

mikepepler wrote:I think you're best getting it straight from the source:
http://www.nymex.com/lsco_fut_cso.aspx

Went to the source... and it told me that the price has now leapt up to $84 (gulp!)

RevdTess · Post by **RevdTess** » 20 Sep 2007, 22:38

Erik wrote:
mikepepler wrote:I think you're best getting it straight from the source:
http://www.nymex.com/lsco_fut_cso.aspx
Went to the source... and it told me that the price has now leapt up to $84 (gulp!)

Er, yes, I left the office at 6 with the price having been at $82 all day, and then suddenly in the last hour of trading it jumps $2. Not untypical of recent days I must admit. Mind you it was the last day of trading for the October contract, so tomorrow the front month becomes November and that takes us back down to about $81.50 again.

All the oil companies taking their staff off the platforms in the US gulf out of fear of a storm brewin' didn't help, that's for sure.

RevdTess · Post by **RevdTess** » 11 Oct 2007, 17:08

With the dollar weakening again we're pushing near to new all time highs in WTI. The November contract has reached $83.59 today so far. The all time high is $83.90.

Andy Hunt · Post by **Andy Hunt** » 12 Oct 2007, 10:03

Well people have been predicting a "Quarter 4 crunch" haven't they . . . and here we are!

Ballard · Post by **Ballard** » 12 Oct 2007, 22:55

Ballard wrote:I'm willing to bet that the ?surprise? drop in inflation will ensure that the BOE drop interest rates at the next opportunity.

oh, I was wrong, shows what I know.

RevdTess · Post by **RevdTess** » 12 Oct 2007, 23:29

Well, we got there. $84 this time, I think.

snow hope · Post by **snow hope** » 12 Oct 2007, 23:57

$83.77 from what I can see....... pretty much there.