Crude futures trade near $110 per barrel on Globex (up $25 today)


World | 206675 hits | Sep 22 11:56 am | Posted by: tritium
9 Comment

October crude climbed to a high of $109.97 per barrel in electronic trading on Globex Monday, touching a level not seen since August 29. It was last up $4.85, or 4.6%, at $109.40 as some traders bet that the bailout plan for U.S. markets will help boost o

Comments

  1. by avatar tritium
    Mon Sep 22, 2008 7:00 pm
    Up $25 dollars in one day so far... biggest jump in one day..

    Plus the U.S. bail out economy. Ouch!

  2. by avatar LightStarr
    Mon Sep 22, 2008 7:05 pm
    But...but, it isn't October yet. Better go get me some gas now!


    Away!

  3. by Anonymous
    Mon Sep 22, 2008 7:13 pm

  4. by avatar tritium
    Mon Sep 22, 2008 7:22 pm
    Well they say it's because of the demand. We need a good old World War and rid the world of about half it's population...

  5. by Anonymous
    Mon Sep 22, 2008 7:33 pm

  6. by avatar tritium
    Mon Sep 22, 2008 8:46 pm
    "mtbr" said


    There you go, the rich getting richer and the poor and middle class getting fucked.

    Short selling and Trillion dollar bail out for the rich buddies.

  7. by avatar dog77_1999
    Tue Sep 23, 2008 12:24 am
    "tritium" said


    There you go, the rich getting richer and the poor and middle class getting fucked.

    Short selling and Trillion dollar bail out for the rich buddies.

    Well, what else is the money going to go? The can't short the financials anymore(and surprisingly other nonfinancials like GE). Might as well goto oil and commodities.

  8. by avatar robmik43
    Tue Sep 23, 2008 3:08 pm
    I'm not rich at all. I do have a wee bit of non-registered
    investment in oil and gas exploration companies.
    Bought it cheap, years ago. You all should have... :wink:

  9. by avatar uwish
    Tue Sep 23, 2008 8:52 pm
    where are all the tree huggers? is the sky falling? do I need my tin foil hat?

    god! won't someone think of the children!!



view comments in forum
You need to be a member of CKA and be logged into the site, to comment on news.

 Share  Digg It Bookmark to del.icio.us Share on Facebook


Who voted on this?

Share on Facebook Submit page to Reddit
CKA About |  Legal |  Advertise |  Sitemap |  Contact   canadian mobile newsMobile