Oil hits new peak at $75

Quote from toc:

'I LOVE MASTERBATING WITH LITE SWEET CRUDE! Booyah!
Long Oil = $$$
My plan is working perfectly.'

Then why are you still masterbating, you got to be swamped by ladies wanting to go shopping.
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When you rub that all-natural black goo known as like sweett crude over your cock, especially at these prices, it's better than pussy,

One will make you rich, the other will take your money.

Long Oil = $$$
 
I'm very interested to see where this is going to end, and how. I don't trade futures (yet), and I haven't been trading long enough to be familiar with commodity cycles (i.e. practical experience rather than just reading about history), but this is just getting nutty in my opinion. Joe Blow + world is ranting endlessly about how justified these prices are, I wonder what they'll say if oil corrects $10-$20 downwards fairly suddenly?
 
those days are over.

consumption is way up and we have reached peak production + political tensions will only get higher

such a correction is a buying opportunity imo
 
Quote from PaperbackTrader:

Hi,

when oil futures spiked up to $75/barrel today, any idea why the 30 Tsy rallied also?

I would've thought higher oil would mean increased inflation and therefore put upward pressure on the long end of the yield curve.

thanks
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Inflation is caused by an increase in the money supply, not by changes in oil prices or any other non-monetary commodity.

Rising prices are a symptom of inflation, not a cause of it.
 
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