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Crude oil hits another multi-month high, with the U.S. benchmark WTI at $106.36, a price not...

Crude oil hits another multi-month high, with the U.S. benchmark WTI at $106.36, a price not seen since May. The world benchmark, Brent crude touches $124 - priced in euros, Brent has taken out its epic 2008 high.
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Comments (10)
  • Power Hedge
    , contributor
    Comments (995) | Send Message
     
    Boy am I glad to own oil companies! This is fun!
    23 Feb 2012, 08:48 AM Reply Like
  • tom_t
    , contributor
    Comments (281) | Send Message
     
    Glad you're having fun, while paying more at the pump.
    23 Feb 2012, 08:50 AM Reply Like
  • John_John
    , contributor
    Comments (34) | Send Message
     
    I sure am glad to oil is flying as I levraged myself with oil companies !
    23 Feb 2012, 09:27 AM Reply Like
  • moatfrog
    , contributor
    Comments (831) | Send Message
     
    A 2 second scan of comments indicates a smug outlook regarding several who obviously can see no further than their own holdings -- those that actually have them that is. This is so typical of the selfish who care nothing about the plight of others. If this is as far as you can see, your paper profits will crumble with the actuality of the big picture once it begins to exercise itself.
    23 Feb 2012, 09:34 AM Reply Like
  • American in Paris
    , contributor
    Comments (5504) | Send Message
     
    Long term oil will be one of the best investments. The Russians have already admitted that pressure is falling in their key oil fields.

     

    Sometime in the next ten years the same story will unfold in Saudia Arabia

     

    Peak oil is here.
    23 Feb 2012, 10:19 AM Reply Like
  • bukdow
    , contributor
    Comments (855) | Send Message
     
    Exactly, Paris. Carp about gas all you want, if you don't understand investing oil isn't easy money over the next ~15 years, you shouldn't be investing.
    23 Feb 2012, 11:25 AM Reply Like
  • spald_fr
    , contributor
    Comments (2802) | Send Message
     
    [a smug outlook regarding several who obviously can see no further than their own holdings -- those that actually have them that is. This is so typical of the selfish who care nothing about the plight of others.]

     

    WTF?
    23 Feb 2012, 01:16 PM Reply Like
  • tom_t
    , contributor
    Comments (281) | Send Message
     
    There is only one reason why the price of oil is up: Iran. It has nothing to do with peak oil.
    23 Feb 2012, 11:18 AM Reply Like
  • BRUCE LM
    , contributor
    Comments (42) | Send Message
     
    $oil=XLE...
    23 Feb 2012, 03:09 PM Reply Like
  • dhent
    , contributor
    Comment (1) | Send Message
     
    Oil has a lot of risk premium worked into it. It's going to correct $3-5 dollars within the next month. Iran always postures, the moment the tension breaks it will move down. The U.S. can't afford oil much over $100/bbl without putting a damper on the recovery.
    23 Feb 2012, 04:17 PM Reply Like
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