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Hearing on CNBC now that reporter in Saudi Arabia is saying Saudi's are ABSOLUTELY JOYFUL and HAPPY that the King is back. He is saying it is nonsense that unrest could spill over into Saudi Arabia.

If you were short at 97-98, don't worry, it's nothing compared to what I'm short at ;)

Will Kaddafi's blowing up of pipelines affect any other country's ability to move oil or export?

I hope your crystal ball is right, I can only take up to 109 before I am raped...still need to find out why my stop on that short trade I went in with you didn't activate (the one short at 90.74 or something)

Just looking back at today's chart (2/22), Look at 1:27 EST, what a severe 'FU' candle (as one of you here calls it) marking a reversal.

Saudis Can Replace All Libya Output http://af.reuters.com/article/libyaNews/idAFN225710020110222 MacIntyre noted that Saudi Arabia increased its oil production by almost 2 million bpd just a month after Iraq's invasion of Kuwait in 1990 disrupted Mideast oil supplies. "They've done...

I'm in, I'll do our accounting as CPA ;D

And out 94.92, jeez

Closed my short and long 94.95 now (but I closed it at 95.13, and rebought at 95.22)

Yes :D and so far it's a good day

What happened to our resident short? ;D

Just 1 well stopped pumping oil in Libya, the rest of the middle east is still pumping.

Yeah, I think it's time to close out when NYMEX opens, this is ridiculous. Or I can stomach it like a psycho...but I doubt it.

I found it on IB, holy shit...

Where are you seeing this?

Sooooo....anyone going short?

Now I am kicking myself for not paying attention on Friday, I would have gone long at 89.50, *kicking self*, but anyways, I believe this is waaaayyyy too overbought, the focus should be my home country [which is Iran ;)], not Libya which doesn't even account for much oil product in relation to...

In with you for a short-term trade. Shoot though, I really wanted to go long at 89.50 for a swing trade.

I see an opportunity to go long here. Oil closed above the previous down candle's high and stochastic show we're on an uptrend, does no one believe in any of this? I believe we're headed towards the 92's

Me too, you should trade a hand at trading crude ;)