CL Redux

That being said with the dollar crushing it at the same time as this you might even be better off buying oil producers exxon might finally get to 100. The Saudis can start driving Ferrari's off buildings if this continues.
 
Saudi oil price is probably more in line with Brent crude oil, which hasn't gone up as much.

Remember the brent/wti crack spread i mentioned here, was around 2000 at the beginning of year? It's now at 300 !!!!
 
Hi InvestVision, good to see you back.

What does the chart imply? Reversion back to the mean? Or that we are heading for a 5 sigma event????
 
07/10/2013 10:30 *DJ DOE: US Crude Oil Stocks -9.874M Bbl In Wk; Seen -2.9M Bbl

07/10/2013 10:30 *DJ DOE: US Crude Oil Stocks -9.874 Mln Bbl At 373.918 Mln Bbl
 
Quote from riskaddict:

Getting slightly net short at 106.10 for a trade. Although I'm looking for 110 medium term I don't see why we can't fill in on the down side .
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I might be the worst trader on the face of the planet yet somehow I continue to exist. Was going to get even more short when I saw 6.66 just because.
 
Quote from Visaria:

Saudi oil price is probably more in line with Brent crude oil, which hasn't gone up as much.

Remember the brent/wti crack spread i mentioned here, was around 2000 at the beginning of year? It's now at 300 !!!!
More...

the crack spread is now at 200 :D
 
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