WTF is happening with oil right now (Spiked big time in the last hour)

[Lucky Luciano]

Oil has been going batshit crazy in hte last hour according to my Bloomberg machine. All rumors now - all unsubstantiated about Iran firing on US troops. Anyone have a clue? Buehler?

[phantom power]

1. spiked as in how much?

[iconoclastic cat]

3. And how does one check that?

I haven't heard these rumors about Iran firing on US troops, either. Hmm...

[Lucky Luciano]

13. Traders just trying to figure out WTF was going on

That was some sick volatility there for a bit. Trading should resume after a halt soon.

[mtnester]

17. It went up almost 40 cents a gallon in the past 36 hours here in central Ohio

It went up during the lunch hour another 8 cents a gallon...I have no idea what has happened to it since 2:00 today..I fully expected over $3.00 a gallon before Easter anyway...


kelpless

[Arger68]

23. Up $5.18 per barrel today.

Ouch!!!!

[napi21]

2. My guess would be the capture of the British sailors by Iran, and

the HIGH Navy manuvers going onright now in the Persian Gulf. I know manytalking heads on the news shows are talking about attacks on Iran.

[NMDemDist2]

4. didn't take em long, gas jumped $0.10 today in my little town n/t

[Viva_La_Revolution]

5. Iran fired on US troops?

damn, I take a nap and everything goes crazy. :(

[iconoclastic cat]

6. Looks like I picked the wrong week to quit smoking. nt

[NightWatcher]

7. here comes the shitstorm

U.S. crude oil futures spike $5.18 to $68.09 a barrel after-hours on rumors of increased hostilities between Iran and Britain.- from CNN/Money

[Roland99]

9. Speculation is already priced into oil at this point. This is just pure GREED

[Danieljay]

8. profits are down, US military buildup off the coast of Iran... its not rocket science!

[damntexdem]

25. It may become rocket science real soon --

when the rockets start flying.

[Danieljay]

26. Good Point! Hey, you are quick!! n/t

[bonito]

10. I read about this earler today

here. http://www.debka.com/

[The_Casual_Observer]

11. Any excuse to drive prices up works.

[Viva_La_Revolution]

12. It was up 12cents when I checked a few minutes ago, now it says up $1.32

I don't know what that means, but there it is.

http://www.nymex.com/index.aspx

[Lucky Luciano]

16. ahh you are seeing the delayed quotes - so you are now seeing

what was making me go wild!

[Viva_La_Revolution]

18. yep, 30 min. delay. nt

[NightWatcher]

14. this is nothing, wait until we hit Iran. The decimal point will jump to the right a few spots

[DCKit]

15. American war games right off their coast????

Two Aircraft carrier groups have been at it all day.

[wordpix]

19. King George is playing war games to amuse himself---when will the bastard be IMPEACHED?

:grr:

[Star80]

28. Right...

and he's doing it with our money...

When will the outrage become enrage?

I am so sick of him and his stupid war.

Its time to send him to a nice place where he can play with his green plastic soldiers all day and night.

Me, I got something he can play with-sorry of that crosses the line-if it does please edit.

[Ghost Dog]

29. P'rhaps he reckons that just, you know, masturbating

about his dreams/fantasies is, somehow, unchristian, dry-druggie or otherwise shameful (and, of course, women and children are really, you know, like, WEIRD).

So, it's better to rape and kill hundreds of thousands of people, immediately; render the world far more dangerous, mid-term; destroy all hope, long-term.

I believe it's called, (I prefer Jungian terms), compensation. :-(

[Lucky Luciano]

20. Rumor Cancelled - State Department just issued statement

saying that there has been no confrontation with Iran.

I did hear something about JPMorgan fat fingering a trade that pushed it to 68 bucks in seconds...I bet they started the rumor to support them getting out of their fuck up! (Purely unsubstantiated...but...)

[Double T]

21. More manipulative BS by the wall street traitors.............

Wednesday, March 28th will be a VERY UGLY day.

[Lucky Luciano]

22. I say bring 'em on (I am short) nt

[bonito]

24. Shit, I wish i had some stock in toilet paper n/t

[enid602]

27. CLEVER

You have to give it to the neo-cons; even though they seem to be on the way out, it looks like they might get the big prize (Iran) by using the British during the waning days of Blair's administration. Even if it doesn't work, it's pretty damn clever.

[Jcrowley]

30. K&R n/t

[lonestarnot]

31. Eye yey yey.