Has oil topped out? "Isaac couldn't get oil moving higher, ECB bond buying can't get oil moving...


Has oil topped out? "Isaac couldn't get oil moving higher, ECB bond buying can't get oil moving higher," notes an energy analyst. "Anyone want to take a stab at what will move oil higher." WTI crude +0.1% to $95.43/barrel, giving up early session gains that saw it near $98.
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Comments (9)
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    Looks like car sales in China might.....
    6 Sep 2012, 02:56 PM Reply Like
  • kommando
    , contributor
    Comments (35) | Send Message
     
    How about Israeli Jericho III missile warheads exploding over/on/into Iranian nuclear sites at Qom, Natanz, Irak, Isfahan, etc.?

     

    That's my stab.

     

    Last new moon over Iran before US elections...

     

    October 15th.
    6 Sep 2012, 02:57 PM Reply Like
  • Joe Razorback
    , contributor
    Comments (280) | Send Message
     
    Short the futures on spikes in the AM like today. Been money for a while now.
    6 Sep 2012, 03:00 PM Reply Like
  • tonyeg
    , contributor
    Comments (172) | Send Message
     
    Again we are awash in oil. The Russians and Saudis keep pumping to make up for any shortfall from Iran. Europe is going into a depression. Germany, the last one to fall, is experiencing higher unemployment. China's GDP is falling faster than expected. Obama offered Iran that if Israel bombs them we will not, as long as they do not attack our military facilities. This will keep Israel in check. Wait till WTI get's down to $80 then short all you can because it is going below $70.
    6 Sep 2012, 03:37 PM Reply Like
  • kommando
    , contributor
    Comments (35) | Send Message
     
    I agree with the argument about global slowdown = lower oil prices.

     

    However, regarding the Obama offer to Iran. Allegedly, Obama made the offer - officially denied by administration so who knows? If true, will the Iranians honor the deal? Maybe. Maybe not.

     

    Just remember, the Iranians can still shut down straits of Hormuz and be technically in compliance with the alleged back-door hold harmless deal...and they can unleash terror assets worldwide against non-military US interests and technically still be in compliance with the alleged back-door hold harmless deal.
    6 Sep 2012, 04:40 PM Reply Like
  • sean.parmelee
    , contributor
    Comments (791) | Send Message
     
    Compare UGA and USO.
    6 Sep 2012, 10:52 PM Reply Like
  • firesale
    , contributor
    Comment (1) | Send Message
     
    Assuming no "middle east meltdown", oil hinges on the election.
    If Obama wins oil stays high through Jan., If Romney wins oil
    immediately starts trending lower. My money says sell oil and buy silver
    7 Sep 2012, 09:30 AM Reply Like
  • asammar6
    , contributor
    Comments (6) | Send Message
     
    Oil has -not- seen its peek. Remember our president has let the oil company's charge whatever they feel like charging, because he knows the high prices will destroy the US economy and that's the goal, so he can be the greatest treasonous traitor the human race has ever seen. For a politician, that is a source of pride, to get the greatest act of betrayal in history. Romney will be no different, but I am not sure he will take the great satisfaction out of killing jobs that Obama does. Out of control gas prices, out of control inflation, out of control food prices, a collapsed and dead economy, get used to it!
    7 Sep 2012, 02:01 PM Reply Like
  • chanthirani
    , contributor
    Comments (467) | Send Message
     
    I'll take a stab.

     

    QE3
    7 Sep 2012, 11:16 PM Reply Like
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