Current Oil Price

Totally_Baffled · Post by **Totally_Baffled** » 12 Mar 2008, 19:47

Dollar at 1.55 to the euro!

Papillon · Post by **Papillon** » 12 Mar 2008, 21:53

$110.02

"Is this the real life, is this just fantasy
Caught in a landslide, no escape from reality
Open your eyes, look up to the skies and see
I'm just a poor boy, I need no sympathy
Because I'm easy come, easy go, little high, little low
Anyway the wind blows, doesn't really matter to me, to me" [Queen]

It's becoming all too real

RenewableCandy · Post by **RenewableCandy** » 12 Mar 2008, 22:02

Yes but Beelzebub (sp?) has a devil put aside for me!

Papillon · Post by **Papillon** » 12 Mar 2008, 22:13

RenewableCandy wrote:Yes but Beelzebub (sp?) has a devil put aside for me!

Really like your avatar, by the way, that smile makes me happy everytime!

skeptik · Post by **skeptik** » 12 Mar 2008, 23:07

Papillon wrote:$110.02

"Is this the real life, is this just fantasy
Caught in a landslide, no escape from reality
Open your eyes, look up to the skies and see
I'm just a poor boy, I need no sympathy
Because I'm easy come, easy go, little high, little low
Anyway the wind blows, doesn't really matter to me, to me" [Queen]

"Once there were parking lots
Now it?s a peaceful oasis
You got it, you got it

This was a pizza hut
Now it?s all covered with daisies
You got it, you got it

I miss the honky tonks,
Dairy queens, and 7-elevens
You got it, you got it

And as things fell apart
Nobody paid much attention
You got it, you got it"

[Flowers by The Talking Heads]

skeptik · Post by **skeptik** » 12 Mar 2008, 23:12

Totally_Baffled wrote:Dollar at 1.55 to the euro!

I'm heading of to the third world (Nebraska) for a couple of weeks in April, so all I can say is

Andy Hunt · Post by **Andy Hunt** » 12 Mar 2008, 23:48

Kieran wrote:$110.00 WTF

Well put.

What's the world coming to?

Papillon · Post by **Papillon** » 13 Mar 2008, 01:05

Hah! I decided to have a look at page 1 of this thread. Guess what - it was exactly 6 months ago (Sept 12). And here's the first post:

Tess wrote:New all-time intra-day high for WTI is $78.93, and we're still pushing higher.

That's a rise of approx 40% on six months ago

Post by **mikepepler** » 13 Mar 2008, 07:26

I've been tracking pound-dollar rates as well as oil prices, and I can tell you that yesterday was a new record in ?/barrel as well as $, at ?54.73

I've not been tracking euro though, as my main interest is where fuel prices are going in the UK.

SunnyJim · Post by **SunnyJim** » 13 Mar 2008, 07:39

Totally_Baffled wrote:
skeptik wrote:U.S. Petroleum Balance Sheet, Week Ending 7th March 2008

What goes up, must come down - especially when faced with inventory gains.

high prices hitting US consumption? ... or maybe recession...
My god look at gasoline!

What goes up must indeed come down, but the supply/demand balancing act has now been distorted by the perversity of investors fear. The dash for commodities due to the innate sense of mistrust of complex investements has distorted the market. I don't think the price will move according to fundamentals until the brewing commodities 'bubble' bursts. This could take some time!

SunnyJim · Post by **SunnyJim** » 13 Mar 2008, 08:50

And if you think oils got it bad, check out wheat.....
http://markets.ft.com/ft/markets/commodities.asp

Wheat has risen 187% in the last year, compared with a measly 88% rise in crude prices!!!!!

Wheat has gone up 15% in the last week compared with oils modest 4%.

RevdTess · Post by **RevdTess** » 13 Mar 2008, 11:56

Today's new high: $110.70. So far.

London's 'City AM' newspaper is going all Heinberg on us:-

http://www.cityam.com/News/ "The Party's Over"

RevdTess · Post by **RevdTess** » 13 Mar 2008, 14:39

$110.98

Erik · Post by **Erik** » 13 Mar 2008, 15:49

I've just seen $111.00 at http://www.nymex.com/lsco_fut_cso.aspx.

Hmm... $111's a nice number, though $111.11 would have been nicer, and I'm quite looking forward to $123.45 (but we'll have to wait at least a couple of weeks before we see that one!!)

Vortex · Post by **Vortex** » 13 Mar 2008, 16:23

Err ... umm ... if I had a steam engine whose boiler pressure was increasing like this, I might consider running like hell ... even if the physicists said, "Don't worry, it's a migration of the energy from the condenser to the boiler. All quite explicable."

PowerSwitch

Current Oil Price

Re: New all time WTI high