$100 oil

Well, we got our answwer today to the question of whether we would first see $80 or $100 oil. Crude futures spiked more than $4/barrel in today’s trading. In spite of the warmer outlook for the second half of winter, weather now will play a more important role in the fundamental picture going foward. More here.

This entry was posted on Wednesday, January 2nd, 2008 at 2:22 pm and is filed under Energy, Global Commodities, Global Weather. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

The risk of loss in trading futures and options can be substantial, therefore only genuine "risk" funds should be used in such trading. Futures and options may not be a suitable investment for all individuals and individuals should carefully consider their financial condition in deciding whether to trade. Option traders should be aware that the exercise of a long option will result in a futures position.

Information herein has been obtained and prepared from sources believed to be reliable; however no guarantee to its accuracy is made. Comments contained in these materials are not intended to be a solicitation to buy or sell any of the commodities mentioned. Past performance is not indicative of future performance results. Opinions expressed herein are the options of the author only and not the opinion of any firm the author may be affiliated or associated with.

$100 oil

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