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Oil jumps to $111 a barrel on Gaza war fears

 
Anonymous Coward
User ID: 27907757
Australia
11/19/2012 10:11 PM
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Oil jumps to $111 a barrel on Gaza war fears
How much will it jump to when Israeli tanks roll across the border with turrets blazing?

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[link to www.presstv.ir]

In London trade, Brent North Sea crude increased $2.75 on Monday, closing at $111.70 a barrel for delivery in January, AFP reported.

"The ongoing conflict between Israel and Palestine, which has stoked fears about supply of oil across the Middle East region, continues to provide the main source of support to prices," GFT Markets analyst Fawad Razaqzada said.
Anonymous Coward (OP)
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11/19/2012 10:12 PM
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Re: Oil jumps to $111 a barrel on Gaza war fears
bump
Anonymous Coward
User ID: 25091961
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11/19/2012 10:13 PM
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Re: Oil jumps to $111 a barrel on Gaza war fears
I'm kinda surprised it took this long. They've been trading rockets for what, like, a week already? It should ALREADY be $150 a barrel.
Anonymous Coward
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11/19/2012 10:14 PM
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Re: Oil jumps to $111 a barrel on Gaza war fears
it's ok the dems own this mess.
Anonymous Coward (OP)
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11/19/2012 10:18 PM
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Re: Oil jumps to $111 a barrel on Gaza war fears
Cautious optimism.

Wait till Israel invades Gaza.

Just last week Iraq threw down the gauntlet and recommended a total oil embargo on the West if Israel invades Gaza.
IssueX

User ID: 14348632
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11/21/2012 03:15 PM
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Re: Oil jumps to $111 a barrel on Gaza war fears
How much will it jump to when Israeli tanks roll across the border with turrets blazing?

Link
[link to www.presstv.ir]

In London trade, Brent North Sea crude increased $2.75 on Monday, closing at $111.70 a barrel for delivery in January, AFP reported.

"The ongoing conflict between Israel and Palestine, which has stoked fears about supply of oil across the Middle East region, continues to provide the main source of support to prices," GFT Markets analyst Fawad Razaqzada said.

 Quoting: The Tauremini


Thought I'd give a heads up

The Oil chart is bullish

USO is an oil ETF which is pretty responsive to the price of oil. It is pushing towards 32.20 right now, headed up despite the ceasefire announcement

Dec 36 USO calls are .13c, fairly cheap lotto tickets in case the cease fire doesn't hold

Ten contracts for under $150:

[link to img29.imageshack.us]

and btw, the open interest on Dec 38.50 USO calls is 52,000, a sizeable bulge:

[link to img39.imageshack.us]

$38 December calls are .06c:

[link to img210.imageshack.us]

It's gambling, like penny stocks, so small quantities are all I'd recommend.

However, if oil heads higher, these could be good for 300-400% gains

They expire in 3 weeks, and theta is not your friend, so know your risk

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