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Much less annoying than your 1757 seemingly identical posts...

That's just the way it has always been, they settle it after 2:30 based on the weighted average of all the trades done in the pit from 2:28 to 2:30 PM (these are Eastern times, you must be in Chicago with your Central times given). You should be able to filter between the electronic and pit...

Wrong. That's what they would have you believe, they always list him as an "Independent Oil Trader", but in actuality he is a natural gas local trading in the natty ring, not the crude pit (they also say he accounts for up to 10% of daily natural gas volume, which I also think is a stretch...

Not saying I think he should run, but Gore didn't have his shot and lost as you indicate, he won the popular vote and would have won the electoral college vote as well (that system really needs to change) if the FLA recount had been finished, but was defeated by the supreme court. The people...

See this one is going your way now...should be in the money by 9 cents or so at time of writing and looks like it was +18 cents at one point in the past few days--not bad...

Doesn't seem to want to go up at the moment, but like energy I anticipate that a hurricane headline will be enough for a nice rally in the juice. We were up well over 2.00 back in Feb, so I don't think $2+ is out of the question by any means. I don't know much about the juice market though...

CL sure did bust a move today...to the downside. They smoked the fucker on news that VLO has a refinery down in McKee, TX that typically draws crude from Cushing. Stocks at Cushing were up 900,000 bbls. in yesterday's storage report and are once again approaching the 28 million bbl. record in...

Quote of the day right there....nice one.

Sorry, didn't see that others had already answered Bear's question...now that I see that others have addressed it my post is redundant.

I believe he is referring to the volatility and erratic nature of natty...it can be a tough one to trade for sure, and the swings in dollar terms can dwarf those in the rest of the complex by a large margin when it runs.

No, but any major disruption to supply anywhere in the world would have significant price implications, regardless of what region is affected. The supply/demand equation is already tight and shrinking, so if one of the top producers were to suffer a large reduction in production for a...

BuyLo - Haven't seen that article, I did look for it but am not a Bloomberg subscriber...if you can find it please post. Here's to hoping that the inventory report is spectacular, but the last few weeks have been less than exciting. 2Cents - Hadn't known those figures, but I'll trust you...

The issue is not the oil companies propping the price up, or the speculators driving it up, it is an issue of refining capacity. We have not built a new refinery in 30 years in the US, and our demand (and the rest of the world's too) for refined products increases every year. Not only do we...

The -2.00 level exceeds the cost of carry in crude, I believe. I think the true cost of carry is closer to 50 cents, and a spread value that exceeds this represents contango...

1 - June CL goes off on Tuesday the 22nd, see link for subsequent months: http://www.nymex.com/CL_term.aspx 2 - If you are watching intraday volume it will only show you electronic, but if you are looking at historical data it should include both 3 - Again, the contracts are exactly the same...

Same contract, no difference aside from where it is executed (pit or electronic).

What happened to your 9.05 March target? Ha ha, just messing with you, nice call today. Agreed that there has been a push to get things moving up and put on the squeeze, but with only fear of weather and strong utility buying (also driven by fear IMO) in the absence of any real fundamental...

Yes, you have the right idea....volume tends to dry up after the pits close. Sometimes there is activity beyond 2:30 if something is happening, but usually it just chops around until 5:15 when it closes. The reason they extended pit hours and extra hour (was from 10:00 to 2:30 and now is 9:00...

Was aware that NYMEX owned a stake in Optionable, but was not clear that they wrote the software for Cleaport--thanks for that info. As I understand it, the options that trade on Globex will be regular American-style options that heretofore have had to be executed in the options ring either...

Well we have seen 65.00 now, although not until after the close. I don't have any insights into how option expiration affects futures prices either, but have long been curious. How can the major players justify throwing around the size that is required just to try to ensure that the underlying...