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***Something Happen? Crude Spiking***

 
Anonymous Coward
User ID: 1282080
United States
04/11/2011 09:08 AM
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***Something Happen? Crude Spiking***
Oil started going down earlier today based on news of a ceasefire in Libya...however that trend seems to be reversing quickly.

As you know, market reaction always seems to precede the news.

Maybe nothing, i dont know. Keep an eye on it.
Anonymous Coward
User ID: 1337505
India
04/11/2011 09:14 AM
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Re: ***Something Happen? Crude Spiking***
Possible! Maybe the ceasefire talks have failed/called off.
Anonymous Coward (OP)
User ID: 1282080
United States
04/11/2011 09:16 AM
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Re: ***Something Happen? Crude Spiking***
Brent especially has gone vertical.
Nailer45

User ID: 1328836
United States
04/11/2011 09:19 AM
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Re: ***Something Happen? Crude Spiking***
it is called " speculation " that is driving prices up.

Investors shorting oil shares .
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
SilverPatriot

User ID: 1207839
United States
04/11/2011 09:23 AM
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Re: ***Something Happen? Crude Spiking***
Perhaps the market was looking for some good news however, Gadhafi has the same reputation as obama in that they never tell the same version of their lies twice they both just pander to the audience before them.
NORMAL GUY

User ID: 1295879
Spain
04/11/2011 09:25 AM
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Re: ***Something Happen? Crude Spiking***
Plus Dollar has dropped back again! last 75.01
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