Wednesday, July 23, 2008

OIL BUBBLE BURSTING

NYTIMES:
Commodities
1 day | 5 days | 1 month | 1 year
At 6:14 PM ET
Light sweet crude ($/barrel)124.40–0.04–0.03%


Market Summary

At 6:14 PM ET: Aug '08 light sweet crude futures and Aug '08 gold futures are both down in after-hours electronic trading. Aug '08 light sweet crude futures are down $0.04, or 0.03%, at $124.40 a barrel in Nymex trading and Aug '08 gold futures are down $1.90, or 0.21%, at $920.90 an ounce. Dec '08 corn futures closed down $0.02 today, or 0.30%, at $5.91 a bushel.

Data delayed at least 15 minutes At 6:14 PM ET
THE BUBBLE IS BURSTING. 'MEMBER? OIL WAS $147/BARREL A FEW WEEKS AGO...

OIL WILL BE $90/BARREL - OR LESS - BY OCTOBER.
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1 comment:

  1. DavidCyrus11:57 PM

    Are you hereby rescinding your previous prediction that oil would be $80 per barrel by August 1st?

    Rippups- always changing the goalposts...

    ReplyDelete