Replies to post #1 on Oil - Light Crude - Continuous Contract (OILCRUDE)

[yafu]

Thought this board would be 'rockin'!
I am astounded by the absurd reasons offered up for the almost daily spike in oil.
Todays reason de jour::: "crude prices surged to yet another record after the Commerce Department said wholesale sales jumped by 2.7 percent in January, their biggest increase in four years, according to Dow Jones Newswires.

The strong sales report suggested to oil traders that the struggling economy may be doing better than thought."

Oh Sure! The economy is doing so well equities are being dumped like garbage.
Internet bubble, real estate bubble, ,,,, and now,,the next bubble.