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OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW

 
Luisport (OP)

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12/10/2014 11:17 AM

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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
60.95...

Last Edited by Luisport on 12/10/2014 11:17 AM
Anonymous Coward
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12/10/2014 11:17 AM
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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
Broke 60 again, 60.96
Anonymous Coward
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12/10/2014 11:18 AM
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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
60.84, new day low
Luisport (OP)

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12/10/2014 11:18 AM

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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
60.95...
 Quoting: Luisport


60.83...
Luisport (OP)

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Portugal
12/10/2014 11:18 AM

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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
60.70!!!
Anonymous Coward
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12/10/2014 11:18 AM
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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
60.64, carshing hard nwo
Anonymous Coward
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12/10/2014 11:22 AM
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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
60.70!!!
 Quoting: Luisport



why isn't silver falling too?

I want to see the silvertards ride like this...

Anonymous Coward
User ID: 1382145
United States
12/10/2014 11:25 AM
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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
60.70!!!
 Quoting: Luisport



why isn't silver falling too?

I want to see the silvertards ride like this...


 Quoting: Anonymous Coward 49866557


It will probably happen later if/when everything else starts to deflate.
Anonymous Coward
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12/10/2014 11:35 AM
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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
I saw it hit $60.62 but that's the lowest so far today. Gas Buddy is showing $2.00 gas. Even $2.50 premium just south of me. W0000000000000000000000000 Road trip!
Anonymous Coward
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12/10/2014 11:39 AM
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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
Oh god, oiltards in the mix. 5a
Luisport (OP)

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Portugal
12/10/2014 11:46 AM

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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
Dow -160
Luisport (OP)

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12/10/2014 11:46 AM

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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
60.53!!!
Anonymous Coward
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United States
12/10/2014 11:52 AM
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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
Where are you seeing your numbers op. All the sites I have seems to have a lag
Anonymous Coward
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12/10/2014 11:53 AM
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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
Where are you seeing your numbers op. All the sites I have seems to have a lag
 Quoting: Anonymous Coward 60094773


i like this page. couldnt comment how accurate/ good it is

[link to www.investing.com]
Luisport (OP)

User ID: 65904733
Portugal
12/10/2014 11:54 AM

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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
Where are you seeing your numbers op. All the sites I have seems to have a lag
 Quoting: Anonymous Coward 60094773


i like this page. couldnt comment how accurate/ good it is

[link to www.investing.com]
 Quoting: Was Anonymous


yes that's one! Real time
Luisport (OP)

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12/10/2014 11:55 AM

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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
60.50!!!
Luisport (OP)

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12/10/2014 11:56 AM

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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
Business Insider @businessinsider · 17 seg Há 17 segundos
OIL CRASH INTENSIFIES, BRENT BELOW $64, WTI BELOW $61 [link to read.bi]
Luisport (OP)

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12/10/2014 11:59 AM

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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
60.43!!!
Nautica

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12/10/2014 12:02 PM
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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
60.43!!!
 Quoting: Luisport


Where u seeing this
The Endless Watchers

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12/10/2014 12:03 PM
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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
Shits dropping like a rock now

Last Edited by PNWGeoMan on 12/10/2014 12:03 PM
PNWGeoMan-Geology/Rocktard.
"Geologists have their faults."
Luisport (OP)

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12/10/2014 12:04 PM

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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
60.43!!!
 Quoting: Luisport


Where u seeing this
 Quoting: Nautica


Day low
$60.43 [link to www.marketwatch.com]
Anonymous Coward
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12/10/2014 12:05 PM
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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
5a [link to www.cnbc.com]
TeamReaper

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12/10/2014 12:09 PM
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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
Bank of America sees $50 oil as Opec dies

"Our biggest worry is the end of the liquidity cycle. The Fed is done. The reach for yield that we have seen since 2009 is going into reverse”, said Bank of America.

The Opec oil cartel no longer exists in any meaningful sense and crude prices will slump to $50 a barrel over the coming months as market forces shake out the weakest producers, Bank of America has warned.

Francisco Blanch, the bank’s commodity chief, said Opec is “effectively dissolved” after it failed to stabilize prices at its last meeting. “The consequences are profound and long-lasting,“ he said.

The free market will now set the global cost of oil, leading to a new era of wild price swings and disorderly trading that benefits only the Mid-East petro-states with deepest pockets such as Saudi Arabia.

The bank said in its year-end report that at least 15pc of US shale producers are losing money at current prices, and more than half will be under water if US crude falls below $55. The high-cost producers in the Permian basin will be the first to “feel the pain” and may soon have to cut back on production.

current slump will choke off shale projects in Argentina and Mexico, and will force retrenchment in Canadian oil sands and some of Russia’s remote fields.

It will take six months or so to whittle away the 1m barrels a day of excess oil on the market – with US crude falling to $50 - given that supply and demand are both “inelastic” in the short-run. That will create the beginnings of the next shortage. “We expect a pretty sharp rebound to the high $80s or even $90 in the second half of next year,” said Sabine Schels, the bank’s energy expert.

[link to www.telegraph.co.uk]
In every operation, whether planning it or executing it, you can never count on luck; but you have to accept it, and recognize it when it’s there.
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Anonymous Coward
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Romania
12/10/2014 12:09 PM
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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
Prices now are below what 10 out of OPEC’s 12 members need for their annual budgets to break even, according to data compiled by Bloomberg. Kuwait and Qatar are the exceptions.
[link to www.bloomberg.com]

This cannot last too much. They expect Russia to collapse really soon, within two months.
Xannixon

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12/10/2014 12:11 PM

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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
COME ON $59!
Anonymous Coward
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Romania
12/10/2014 12:13 PM
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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
By February, Russia will be in deep trouble.

Ruble fall, sanctions hurt Russia’s economy, says Medvedev

The weakness of the ruble is hurting Russia, which has lost tens of billions of dollars because of sanctions imposed by the West in the Ukraine crisis, Prime Minister Dmitry Medvedev said Dec. 10.

The weakening of the ruble “has a certain impact on the budget, on how it balances and for a number of other reasons too, but nevertheless ... a substantial weakening of the ruble is not advantageous for the state and the economy,” Medvedev said in the interview with Russian television channels.

In a sober assessment of an economy edging towards recession, Medvedev said Russia should reduce its reliance on energy exports, which makes it vulnerable to falls in the global price of oil.

[link to www.hurriyetdailynews.com]
 Quoting: Anonymous Coward 65933443



The bank said in its year-end report that at least 15pc of US shale producers are losing money at current prices, and more than half will be under water if US crude falls below $55. The high-cost producers in the Permian basin will be the first to “feel the pain” and may soon have to cut back on production.

current slump will choke off shale projects in Argentina and Mexico, and will force retrenchment in Canadian oil sands and some of Russia’s remote fields.

It will take six months or so to whittle away the 1m barrels a day of excess oil on the market – with US crude falling to $50 - given that supply and demand are both “inelastic” in the short-run. That will create the beginnings of the next shortage. “We expect a pretty sharp rebound to the high $80s or even $90 in the second half of next year,” said Sabine Schels, the bank’s energy expert.

[link to www.telegraph.co.uk]
< DL >Moderator
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12/10/2014 12:15 PM

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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
I love these commodity / DOW carsh threads! Come on bitch hit $59! Daddy needs some DOOM!

5aacegunzzac3DOOMacegunzz5aAced0000mACEcarsh
Vezqku

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12/10/2014 12:16 PM
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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
Me tel you oil get big sickness

Just had to say it sry
CowgirlK

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12/10/2014 12:19 PM
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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
The plummeting gas prices should infuse the auto industry for a while. People will start buying new SUV's and big trucks again.


As Gas Prices Fall, Auto Buyers Abandon Greener Cars
Gas prices are down. Truck sales are up. And fuel economy standards loom.
[link to www.nationaljournal.com]
Anonymous Coward
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12/10/2014 12:19 PM
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Re: OIL MARKET: Crude $49 Handle. Brent $52 Handle!!! Crude $26.02 LOW Brent $27.08 LOW
So where do they expect the price to be by April? Head To the North Dakota looking for work come spring.


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