Oil rises on OPEC rumors

VOTE!

- Andrew, MALL727net -

I am a commodities trader, I do believe, that we already hit the bottom at 69.85, I could be wrong, but that's my believe. Crude Oil goes through Cycles, we are about to get to the bullish Cycle once winter hit us.

Good God people! When is someone out there going to mention that if oil prices are once again affordable, people will start spending money again, because they will have money to spend!!!! THAT is the answer to to what is causing the stock market to collapse. Simple, isn't it?

Miguel your broken english belies your true identity - Nice try OPEC raghead

50$ a barrel, here we come!

Greetz Bob - http://www.torrentbug.com

Only the speculators, oil companies and OPEC are wanting oil prices back up. I totally agree with spackle. Seems that low energy prices are good for everybody else in the world, except speculators, oil companies and OPEC. And screw them all.

First Of All, Your CHART, Is Not Reflective Of Reality, 90 Days Or So, Is Not A Market Indicator. The Uncertaintity Of Housing, That Spread Into The Financial Markets--Sent Money Inrto What was The Usual Safe Haven, Commodities, But SO MUCH MONEY Started Chasing This Area--Prices Became Driven By Speculation, In Attempts To Cover Large Losses In The Financial Stocks--Crude Is Returning To Reality, And As Prices Drop--Unfortunately--Output Will RISE--Meeting, Cutbacks, Or No Cutbacks, REMEMBER There Are No OIL POLICE.
EMIL J KOVACH JR

IF YOU THINK The Future Price Of Crude Oil Will Be Higher Because Of This "Emergency" OPEC Meeting, Which May, Or May Not Include Production Cut Backs, You Are Probably Wrong. A SPIKE Will Probably Appear, As Traders Buy On Emotion, But Reality Is--OPEC Members Sell Oil Looking For CASH FLOW--An Artifically High Prices Has Addicted Some To That EXCESS CASH, And They Will Indeed Look At CASH COMING IN, More Then Crude Oil--Going Out, And Will Sell Crude As Necessary In AN Attempt To Cover Recent Cash Short falls.
Demand Is NOT THERE Right Now,
And Will Not Return For A While--It's All About Demand, Not Futures Contracts.
A Lower Price, will INCREASE Demand.
EMIL J KOVACH JR

Americans have reached there breaking point , and will not spend more until oil prices come down a lot futher. The next 12 monthes we will conserve even more with the falling crude prices. And if crude goes back up that will just make it that much worse. Like I said we have reached the breaking point, and are TIRED OF FEELING LIKE WE BEEN RIPPED OFF, FIRST IT WAS THE OIL COMPANYS, NOW ITS THE STORE OWNERS.

WENT IS OPEC GOING TO FIGURE OUT THAT THE PARTY IS OVER , RIGHT NOW THE WORLD ECONOMY IS TANKING BECAUSE OF HIGH PRICED OIL, I THINK WE ARE GOING TO HAVE A DEM PRESIDENT BECAUSE OF THE ECONOMY AND THE FIRST THING THAY ARE GOING TO DO IS GO AFTER ENERGY TO GET PRICES DOWN ,SO PEOPLE CAN LIVE !