Futures market price for crude oil "tanked" yesterday. [Archive] - Fly Fishing Forum

: Futures market price for crude oil "tanked" yesterday.


fredaevans
03-19-2003, 06:04 AM
View of the future: futures price of 'sweet crude' dropped over 10% yesterday. Old memory here but just before the first Gulf War the price of a gallon of gas went to $2 bucks .... then trickled off to under a dollar in many areas of the country.

Betting money now is this will happen again very shortly .... just gotta get buy all the yo-yo's that bought their 'futures' at close to $40.
fae

BobK
03-21-2003, 09:26 PM
Like I said earlier, oil prices will FALL when the war becomes a certainty.

BobK

cohocola
03-22-2003, 02:01 AM
Still, they have us over a barrel....
Sorry, that's a "crude" pun...

Jim
03-28-2003, 05:39 AM
Look again

fredaevans
04-02-2003, 05:24 PM
FUTURES MOVERS: WAR PROGRESS, SUPPLY RISE PUSH OIL UNDER $29 A BARREL

NEW YORK (CBS.MW) -- The U.S.-led coalition's approach to Baghdad and a significant rise in last week's U.S. crude supplies pulled crude futures under $29 a barrel Wednesday for the first time in over a week.

In the Medford area the base price of a gallon of regular gas is down 7 cents/gal in less than a week. Fingers crossed for more reductions.
fae


Forgot to add: this was a great play on words.

"Still, they have us over a barrel....
Sorry, that's a "crude" pun..."

And still too true.

flyfisha1
04-02-2003, 06:18 PM
It's dropped close to $0.15 per gallon here in the last 10 days or so; the cheapest I've seen regular is $1.309, and it looks to keep dropping.