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pete807

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pete807

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Re: None

Friday, 01/08/2016 8:08:34 PM

Friday, January 08, 2016 8:08:34 PM

Post# of 1887
Oil is down again and no bottom in sight...

Some investors are acquiring put options giving them the right to sell at $25 a barrel, anticipating that Brent will fall below that, and the costs of those options are soaring.



http://www.reuters.com/article/us-global-oil-idUSKBN0UM01520160108

"You’ve got to be very careful if you don’t know where you are going because you might not get there."
"The future ain’t what it used to be" "A nickel ain’t worth a dime anymore."
-so long Yogi, we will miss you-

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