U.S. crude plummets below $100

[the_tyrant]

Oil collapsed into free-fall Thursday, diving more than 10 per cent and sending U.S. crude back under $100 (U.S.) a barrel as investors staged an unprecedented stampede for the exits.

Weak economic data from Europe and the United States fed concerns that have battered commodities all week. German industrial orders fell unexpectedly in March while U.S. weekly jobless claims hit eight-month highs.

http://www.theglobeandmail.com/repor...rticle2011177/

too bad by 6pm eastern time today oil is back up over $100

[Growler]

Originally Posted by the_tyrant

http://www.theglobeandmail.com/repor...rticle2011177/

too bad by 6pm eastern time today oil is back up over $100

Sure - every time it ticks back over that $100 mark, they add another dollar at the pump.

[Torplexed]

Originally Posted by Growler

Sure - every time it ticks back over that $100 mark, they add another dollar at the pump.

Either that, or they park the tankers offshore and wait for the price to rise over that mark again.

[Growler]

Originally Posted by Torplexed

Either that, or they park the tankers offshore and wait for the price to rise over that mark again.

Egg-zachary... driving the price at the pump up... anyone see a trend?

[Fish In The Water]

Originally Posted by the_tyrant

too bad by 6pm eastern time today oil is back up over $100

Up and down like a yo-yo...

If I didn't know better I'd almost think someone was manipulating the market.

[Oberon]

Originally Posted by Fish In The Water

Up and down like a yo-yo...

If I didn't know better I'd almost think someone was manipulating the market.

"We're sorry, we can't hear you over the sound of how awesome we are."

[Growler]

Originally Posted by Oberon

"We're sorry, we can't hear you over the sound of how awesome we are."

Whaddya mean? Sure, they look legit.

[Jimbuna]

Hey guys...just a few more cents and we'll be able to buy Europe.

[Fish In The Water]

Originally Posted by jimbuna

Hey guys...just a few more cents and we'll be able to buy Europe.

Then they'll fill it with sand and charge everyone for beach front timeshares.

[Torplexed]

Originally Posted by Fish In The Water

Then they'll fill it with sand and charge everyone for beach front timeshares.

Just as long as they don't impose their antediluvian vision of fashionable female swimwear.

[Jimbuna]

Originally Posted by Fish In The Water

Then they'll fill it with sand and charge everyone for beach front timeshares.

Either that or give it to the Iranians as an appeasement gift