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| 02:54 AM | ||
| Users Online Now: 2,057 (Who's On?) | Visitors Today: 164,584 | |
| Pageviews Today: 333,499 | Threads Today: 161 | Posts Today: 2,851 |
| 02:54 AM | ||
Oil jumps to $111 a barrel on Gaza war fears | |
| Anonymous Coward User ID: 27907757  Australia11/19/2012 10:11 PM Report Abusive Post Report Copyright Violation | |
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IssueX User ID: 14348632 United States11/21/2012 03:15 PM Report Abusive Post Report Copyright Violation | How much will it jump to when Israeli tanks roll across the border with turrets blazing? Quoting: The Tauremini 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. 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 |
