Oil forecast

[AndyMarquisLIVE]

BREAKING NEWS: Oil settles at a record $138.54 a barrel, up $10.75, on weak dollar and forecast that crude will hit $150 by July 4.

 

[chernmax]

So the weak dollar caused this, has nothing to do with any oil shortage which proves oil, not gold is the new standard of US currency...

 

[clevalley]

So the weak dollar caused this, has nothing to do with any oil shortage which proves oil, not gold is the new standard of US currency...

What burns me is the speculation report came out and price dropped $15 over night... now this comes out... media speculating in turn drives the oil speculation up (on the market).

Great.

 

[The Oyster Guy]

What burns me is the speculation report came out and price dropped $15 over night... now this comes out... media speculating in turn drives the oil speculation up (on the market).

Great.

Oh jeeze, it's all because of the big bad media again... It ain't the media folks: oil is skyrocketing because the world is moving their money out of investments tied to the US economy. Until the investors decide where the safe long investment opportunities are, they're gonna pump their money into oil futures.