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UserRemoved1 · 12-02-2008, 08:49 PM

LOWEST in 3.5years, WHOLESALE hit just above $1 a gallon today..

http://www.ft.com/cms/s/0/9d41a448-c...077b07658.html

Brent crude oil, the European benchmark, hit an intraday low of $45.30.

The options market continues to price a large likelihood that oil prices could sink as low as $40 in the next two months. But traders said there were early signs of a price bottom, with some investors buying options contracts that would be profitable if oil prices recover. Much will depend on Opec’s meeting on December 17 in Oran, Algeria, where the cartel is expected to cut output by 1m-1.5m barrels a day.

Now lets hope Propane follows suit. naaah these vermin got me by the balls

12-02-2008, 08:49 PM	#23
UserRemoved1 Permanently Disconnected iTrader: (-9) Join Date: Nov 2002 Posts: 12,647	LOWEST in 3.5years, WHOLESALE hit just above $1 a gallon today.. http://www.ft.com/cms/s/0/9d41a448-c...077b07658.html Brent crude oil, the European benchmark, hit an intraday low of $45.30. The options market continues to price a large likelihood that oil prices could sink as low as $40 in the next two months. But traders said there were early signs of a price bottom, with some investors buying options contracts that would be profitable if oil prices recover. Much will depend on Opec’s meeting on December 17 in Oran, Algeria, where the cartel is expected to cut output by 1m-1.5m barrels a day. Now lets hope Propane follows suit. naaah these vermin got me by the balls