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I've traded 1000's of QM's and this is very common and has nothing to do with IB, it's just a market structure issue. There's nothing funny going on: most of the posted bids/offers in QM are just an arb of CL, so if CL moves up or down, the QM orders will often disappear instead of trade so...

Sperm bank?

NYMEX pit hours for CL are technically 9am-2:30pm eastern, but barely anything trades there anymore so the OHLC will vary substantially from the electronic data for the same hours. I'd guess 98% of the volume for those hours is done on the screen, so the pit data is more or less useless (has...

http://www.bloomberg.com/apps/news?pid=20602099&sid=aCXGOUZ2tTyE&refer=energy "It was the first bullish forecast in six weeks and only the second time responses haven't been bearish since Jan. 4" We close at $145 and now they're getting bullish? How do I get a job as an energy ANALyst?

I doubt anyone is sweating the $500/contract hike; this is just wrong way bets being covered from $140 and covering ahead of the weekend. When CL gets jammed up like that into the close without any pullbacks, the overnight bid is almost guaranteed since everyone is trapped, and it loves to...

2007 Deja Vu! Not complaining :)

FYI this is 100% standard for any broker that routes retail orders to its own trading desk, and completely legal as long as the customer can cancel up to a reasonable window before the open (< 1 min). The customer's defense is to cancel if they don't like the premarket action and/or send phantom...

Its 1:5, I'm assuming you meant 10 SP.

Then they should be selling the piss out of $140 futures with absolutely zero risk against their forward production to the "speculators" who are paying these "idiotic" prices no? If Exxon, Chevron, and Saudi Arabia believe oil is $100 overvalued, isn't it THEM speculating if they haven't...

Exactly, it's all lip service; if all the oil companies and Sauds truly believed oil was at an irrational price then why aren't they shorting the piss out of the futures against forward production and locking in windfall profits? If $140 was a ponzi scheme speculator induced price they would...

LOL, what is this the Yahoo boards? LEH = Dead money, there are takeover bids floating around and all the overhead supply you can eat > $30. Go find something else to short (or buy).

Looks like the guys shorting the Saudi news overnight just got their welcome initiation to CL! Any news other than the rig fire this morning?

This was already floating in the news last week, it's baked in

Don't forget the GS Washington Branch Office:

$100, are you on crack son? You think Goldman BushPaulson Sachs is going to let the airlines off the hook and let the sheep get in cheap for another ride to $140? If oil trades par in the next few weeks you ain't going to want to be long it because it's headed to $50.

I'm sure the market will collapse just like it did following Bush's token 300k increase! The 500k has been circulating in the news all week anyway. Here's some cannon fodder for the bulls: http://www.bloomberg.com/apps/news?pid=20601087&sid=aWwoUcZaR5BY&refer=home

Stop bitching and let the free market sort this out; it's not unconscionable for ISP's to meter access. Maybe the whiners would also propose paying an average $60/fillup at gas stations regardless of what you drive.

http://www.bloomberg.com/apps/news?pid=20601072&sid=aManQ6IWtUN0&refer=energy It's on the terminal, but they usually drop the median forecast in one of their web pieces the morning of the report

Bloomberg is the best source, this week's median est is -1.5mm barrels/refinery up .30%

This is nothing new, find me one parabolic market that doesn't have its share of top pickers. Some will blow out (witness Friday), some will trade for a few bucks, and the deepest pockets will catch the move when we crash back down through here from wherever it tops out. Don't kid...