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Crude futures tumble 2.3% to $82.86. Natural gas (-0.9%) and gasoline (-1.3%) aren't looking too...

Crude futures tumble 2.3% to $82.86. Natural gas (-0.9%) and gasoline (-1.3%) aren't looking too hot either. Disappointment from lack of Fed easing hints? Concerns over upcoming China data? Or just a general bearish sell-off?
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Comments (4)
  • Wyatt Junker
    , contributor
    Comments (4501) | Send Message
     
    I think WTI will go sub-80 just because it can. That's how these things work. Just. Because. They. Can.

     

    Its like a kid touching fire, just because he can.

     

    Or Clinton an intern, just because he could.

     

    Peer pressure.

     

    Its not just high school anymore.
    8 Jun 2012, 03:31 AM Reply Like
  • untrusting investor
    , contributor
    Comments (9964) | Send Message
     
    Looks like the bears are regaining the upper hand again after the few day hope and pray rally.
    8 Jun 2012, 03:55 AM Reply Like
  • Deltascared
    , contributor
    Comments (324) | Send Message
     
    There is a real problem in Europe and CNBC has been slightly derelict in not making it clear. The market seem to be chasing shiny objects. And Iran is up next week. Maybe WTI will double.
    8 Jun 2012, 10:08 AM Reply Like
  • sean.parmelee
    , contributor
    Comments (790) | Send Message
     
    If crude corrects as low as $75 it ought to snap right back, if the weekly chart can tell us anything. WTI looks like it should be $100ish.
    8 Jun 2012, 04:00 PM Reply Like
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