Oil Approaching $80 - $79.66 at NYMEX welcome page

hatrack

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Wed Sep-12-07 12:45 PM
Original message

Oil Approaching $80 - $79.66 at NYMEX welcome page

No story, but still interesting to jump over there and see these numbers.

Kind of like the gold numbers of $720.40 as of 1:42 EDT.

:wow:

http://www.nymex.com/

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corkhead

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Wed Sep-12-07 12:48 PM
Response to Original message

1. 1929 redux

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GliderGuider

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Wed Sep-12-07 12:59 PM
Response to Original message

2. The intra-day high on the inside page is at $79.94

She really, really wants to break $80, but she's still just a bit shy. Come on, honey, you can do it.

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GliderGuider

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Wed Sep-12-07 01:31 PM
Response to Reply #2

3. Intra-day high now at $80.00

C'mon baby! Daddy needs a new round of demand destruction!

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whistle

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Wed Sep-12-07 02:09 PM
Response to Original message

4. 3:00 PM says down to $79.77

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GliderGuider

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Wed Sep-12-07 02:35 PM
Response to Original message

5. Most recent settle: $79.91, high: $80.18

I'm getting a nosebleed.

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whistle

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Wed Sep-12-07 02:42 PM
Response to Reply #5

6. So, what will it take to get the price of crude ( I assume these prices are

...high grade sweet crude) to $100.00 per barrel?

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GliderGuider

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Wed Sep-12-07 02:49 PM
Response to Reply #6

7. Without any major risk events, just wait a year.

It's risen 33% in the 8 months since January, so 25% over the next year should be a slam dunk. Especially since OPEC isn't going to do diddly-squat and the world hasn't yet figured out that it's time to start reducing demand.

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whistle

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Wed Sep-12-07 03:47 PM
Response to Reply #7

9. If I am real careful this month I just might be able to get through most

...of September on a single tank full of gas. I have been using 35 gallons a month since the beginning of the year on average. I have set a goal to use just 18.7 gallons this month and still do the things I need to do. We'll see I far I get without getting stranded :shrug:

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hatrack

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Wed Sep-12-07 03:45 PM
Response to Reply #6

8. Probably not too much - the odd hurricane or two, war with Iran . . .

Oh, and they're still using WTI as the NYMEX standard for oil, so you're correct on grade.

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Massacure

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Wed Sep-12-07 09:40 PM
Response to Original message

10. Interesting. Gas dropped three cents today though.

Edited on Wed Sep-12-07 09:40 PM by Massacure

$3.02 this morning, $2.99 tonight.

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razzleberry

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Thu Sep-13-07 01:24 AM
Response to Reply #10

11. gas down a penny today, 2.56 .n/t

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