Current Oil Price

Andy Hunt · Post by **Andy Hunt** » 22 Apr 2008, 17:04

Looks like we're nearly there right now.

Post by **mikepepler** » 22 Apr 2008, 17:04

Tracy P wrote:Mikes Birthday is in a few days and he would like to see
?120 by then.
Tess, as you are on the case, can you arrange it? Its looking close?!

I think Tracy means $120. If it was 120 sterling, that really would be a shock...

RenewableCandy · Post by **RenewableCandy** » 22 Apr 2008, 17:05

I'm not sure Tess can accept delivery of that many barrels on her boat...mind you Daughter (in a team on an outward-bound course) once made a raft out old barrels...

Vortex · Post by **Vortex** » 22 Apr 2008, 17:37

$119.31 and falling ...

RevdTess · Post by **RevdTess** » 22 Apr 2008, 17:42

119.86

Keela · Post by **Keela** » 22 Apr 2008, 18:01

Tracy P wrote:Mikes Birthday is in a few days and he would like to see
?120 by then.
Tess, as you are on the case, can you arrange it? Its looking close?!

RevdTess · Post by **RevdTess** » 22 Apr 2008, 18:03

119.90

Tracy P · Post by **Tracy P** » 22 Apr 2008, 20:51

hmm, yes I meant $.... and Mike, sorry, not yet!

Totally_Baffled · Post by **Totally_Baffled** » 22 Apr 2008, 22:42

Mike for FFS stop leaving your computer you are costing me a fortune!

?65 to fill the mondeo!

Post by **mikepepler** » 23 Apr 2008, 06:49

I'm afraid I'm going to be on the train and offline some of today, so we might see some more highs! Yesterday's $119.90 was while I was down at the allotment building a shed!

However, we've moved from May to June contract now, so it has to build up again from $118. Then again, it did that yesterday, didn't it?

RevdTess · Post by **RevdTess** » 23 Apr 2008, 07:46

mikepepler wrote: However, we've moved from May to June contract now, so it has to build up again from $118. Then again, it did that yesterday, didn't it?

That's the spirit!

RenewableCandy · Post by **RenewableCandy** » 23 Apr 2008, 09:47

mikepepler wrote:I'm afraid I'm going to be on the train and offline some of today, so we might see some more highs! Yesterday's $119.90 was while I was down at the allotment building a shed!

Is that what's meant by "Load shedding"

?

RogerCO · Post by **RogerCO** » 23 Apr 2008, 09:52

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

Browsing using previous/next buttons you hit the first post in the thread on 12th Sept 2007

Thats 224 days ago, or 32 weeks today.
78.93 * 1.5 = 118.39 : more or less today's price.

So a 50% hike during the life of this thread and although hairline cracks are appearing still the cars roll by the window and the lights still burn in the office all day

Vortex · Post by **Vortex** » 23 Apr 2008, 10:20

So a 50% hike during the life of this thread and although hairline cracks are appearing still the cars roll by the window and the lights still burn in the office all day

This confuses me too.

I suspect that it will take MONTHS for oil price changes to percolate through the system.

However when the effects DO arrive they will be major, so people will overreact and so we will see overshoot & oscillation ...

Also, would you say that the Credit Crunch, Energy Poverty, food riots are NORMAL???

SunnyJim · Post by **SunnyJim** » 23 Apr 2008, 10:30

People are spending less, I'm sure. A larger percentage of income is going on fuel. THis means (as always) it will be the middle class luxury items that will suffer first. Holidays, big ticket electrical items (plasma TV's etc), new cars, conservatories and similar spring to mind. When those industries fail then then unemployment start setting in, and those people stop spending and so the spiral starts.

How many here going on a forign holiday this year?

PowerSwitch

Current Oil Price

Re: New all time WTI high