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Oil percolates, rising over $1 in a few minutes on bullish inventory data and news 2 Iranian...

Oil percolates, rising over $1 in a few minutes on bullish inventory data and news 2 Iranian warships are to pass through the Suez Canal on their way to Syria, a "provocation," says Israeli Foreign Minister Lieberman. BNO +1.8%. OIL +0.9%.
Comments (9)
  • Papaswamp
    , contributor
    Comments (2198) | Send Message
     
    Great way to divert the attention of your protesting masses...start a war. Get your hands on some Israeli ordinance..plant it on one of your ships...boom...instant blame. Heck getting Mubarack out of the way might have been the militaries plan all along in cahoots with Lybia and Iran to finally have an excuse to attack Israel.
    Dang my tin foil hat looks good today.
    16 Feb 2011, 11:50 AM Reply Like
  • cbc
    , contributor
    Comments (411) | Send Message
     
    HEHEHEHE.
    16 Feb 2011, 01:10 PM Reply Like
  • The Energy Trader
    , contributor
    Comments (26) | Send Message
     
    The rollover from march(CLH1) to april(CLJ1) contracts is also helping this volatility. Question here is if 85-85,11 breakout on CLH1 will hold for the remainder of the session, we´ll see.
    16 Feb 2011, 11:50 AM Reply Like
  • Richard Mackenzie
    , contributor
    Comments (453) | Send Message
     
    I must be a bit ignorant here. Why is it a "provocation" for 2 Iranian Warships to use the Suez Canal? Why is CNBC going crazy, and the market going down on this? Either warships are allowed to use it, and Iran is allowed to use it, or not. The only provocation I can envision is if they are "forcing" their way through, which is nonsense. What am I missing. Help! I wasn't even aware that Israel bordered the north side of the canal (and I'm still not). WTF?
    16 Feb 2011, 12:17 PM Reply Like
  • SA Editor Stephen Alpher
    , contributor
    Comments (547) | Send Message
     
    Buy the dip brother!
    16 Feb 2011, 12:19 PM Reply Like
  • Richard Mackenzie
    , contributor
    Comments (453) | Send Message
     
    Did that yesterday. Still higher than that. But I'm with you. Expect full recovery by session end.
    16 Feb 2011, 12:28 PM Reply Like
  • Papaswamp
    , contributor
    Comments (2198) | Send Message
     
    BTFD!
    16 Feb 2011, 12:37 PM Reply Like
  • cbc
    , contributor
    Comments (411) | Send Message
     
    What your missing is a brain that can't think rational and use logic and makes decisions based on the idiots at cnbc. I assume you don't enjoy the channel but use it for market decision makeing. Turn off the logical part of your brain and think like the herd.
    16 Feb 2011, 01:18 PM Reply Like
  • Hillbilly Stock Star
    , contributor
    Comments (741) | Send Message
     
    ENY......followed T Boone to Canada, always seems like problems in mid-east.
    16 Feb 2011, 12:27 PM Reply Like
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