We hit 94 and we were on our way to 95, but prices collapsed thanks to GS. Oh well, we're not going to make it to $100. We'll just have to wait till GS wants the price to rise again.
Don't be such girl, now the market retraces a little bit and you're blaming GS?
I think the market was set for some correction with any trigger, the GS thing was just an excuse, anyway we still may have huge wild moves to the upside (and downside) left this year.
Bring out the champagne! I was wrong. Oil has rebounded and is now at $94.63. Congratulations to everyone who got it right. When GS said sell, they must have really meant buy. Or I gave GS a lot more credit to move the markets than it deserves.
Regardless,
We're hitting $95 today easily and right back on track to hit $100 before the end of trading Friday.
We'll we longs feels short of pushing oil to $100.00 however, a new week is about to begin and this may be the greatest chance yet to surpass the triple digit barrier.
