Crude futures sink amid IEA move to release stocks

[Newkid]

Are we going to see a drop in prices at the petrol kiosk tomorrow?

 

Oil prices drop

 

 

[Joseph22]

  On 6/23/2011 at 2:06 PM, Newkid said:

Are we going to see a drop in prices at the petrol kiosk tomorrow?

 

Oil prices drop

 

crude future should have no bearing on the petrol price. its a future stock and not the real/current crude oil price.

[SimonTan]

This type of news is corked up.

Next week after the released of strategic oil, the news will claim USA oil stock is running low, and need to stock up for strategic purpose, that will drive up the crude price again.

 

It's all a game by those analysts to cause swing in the stocks and oil price so as to gain from shorting and longing play!

We consumers suck it up as truth of the global demand and supply.

 

it's all a game to those who release such information and spin it to their advantage.

 

One day Greece debt reached agreement, next day say austerity programme not agreeable, next day says EU will support the Greece debt, next day says EU will hold the rescue until certain terms are agreed upon, etc etc. All played by the funds and analysts to cause up down swing to profit from the spread.

Again we suck it up as gospel truth.

 

Haiz.

 

I only want the oil price to drop anothe 10 cents by Friday afternoon!

[Newkid]

  On 6/23/2011 at 2:16 PM, SimonTan said:

This type of news is corked up.

Next week after the released of strategic oil, the news will claim USA oil stock is running low, and need to stock up for strategic purpose, that will drive up the crude price again.

 

It's all a game by those analysts to cause swing in the stocks and oil price so as to gain from shorting and longing play!

We consumers suck it up as truth of the global demand and supply.

 

it's all a game to those who release such information and spin it to their advantage.

 

One day Greece debt reached agreement, next day say austerity programme not agreeable, next day says EU will support the Greece debt, next day says EU will hold the rescue until certain terms are agreed upon, etc etc. All played by the funds and analysts to cause up down swing to profit from the spread.

Again we suck it up as gospel truth.

 

Haiz.

 

I only want the oil price to drop anothe 10 cents by Friday afternoon!

I share your sentiments about the financial market, sideways trading. I also want petrol prices to drop.

Edited June 23, 2011 by Newkid

[Cluboxed]

yup...its a futures contract...delivery for August...not present...

[Newkid]

looks like petrol prices remain...so sad.