Go Back  Airline Pilot Central Forums > Pilot Lounge > Money Talk
Oil Prices tumble - $105/barrel & dropping >

Oil Prices tumble - $105/barrel & dropping

Search
Notices
Money Talk Your hard-earned money

Oil Prices tumble - $105/barrel & dropping

Thread Tools
 
Search this Thread
 
Old 06-23-2011, 12:44 PM
  #51  
Gets Weekends Off
 
tomgoodman's Avatar
 
Joined APC: Feb 2006
Position: 767A (Ret)
Posts: 6,248
Default

"The predominant problem here is that traders own too much oil. They bought too much in anticipation of market tightness and now they have to adjust their positions," said Tim Evans of Citi Futures Perspective....

...Data from the Commodity Futures Trading Commission that showed large hedge funds and other speculators raised their net long U.S. crude futures and options positions slightly in the week to June 14.
"For tis the sport to have the engineer
Hoist with his own petard."
("Hamlet" III.iv.207).
tomgoodman is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
atpcliff
Money Talk
37
09-28-2009 12:51 PM
jungle
Money Talk
2
02-19-2009 07:50 PM
unemployedagain
Hangar Talk
26
02-07-2009 04:37 PM
seafeye
Regional
14
07-23-2008 11:55 AM
Blkflyer
Regional
23
05-30-2008 10:24 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices