Crude Oil Falls Below $40 Barrel – Gasoline at .95 / Gallon – International Stocks Continue Drop

PETROLEUM ($/bbl)

  PRICE* CHANGE % CHANGE TIME
Nymex Crude Future 43.05 -.62 -1.42 09:52
Dated Brent Spot 39.77 -1.61 -3.89 10:23
WTI Cushing Spot 42.65 -1.02 -2.34 09:06
 

http://www.bloomberg.com/markets/commodities/energyprices.html

PETROLEUM (¢/gal)

  PRICE* CHANGE % CHANGE TIME
Nymex Heating Oil Future 150.10 -.81 -.54 09:53
Nymex RBOB Gasoline Future 95.48 -1.47 -1.52 09:52

http://www.bloomberg.com/markets/commodities/energyprices.html

FTSE 100

-103.86

-2.49%

4,059.75

XETRA-DAX

-189.87

-4.16%

4,374.36

CAC 40

-163.78

-5.18%

2,997.38

HANG SENG

+336.31

+2.49%

13,846.09

NIKKEI 225

-6.73

-0.08%

7,917.51

http://money.cnn.com/data/premarket/

Crude Oil Futures $56.95 / Barrel – Gasoline $1.35 Gallon

Dated Brent Spot   $56.95 / Barrel    at 11:30 AM EST

NYMEX RBOB GASOLINE   $1.35 / Gallon  at 11:30 AM EST

Some commenators predict we are headed back to $40 a barrel – 

http://www.bloomberg.com/energy/

Where were we just about 1 month ago –

Crude Oil Futures / Gasoline Futures Down

Gasoline Futures Down to $2.29 a Gallon – Where is our relief at the pump?

http://www.bloomberg.com/energy/

https://mcauleysworld.wordpress.com/2008/10/02/crude-oil-futures-gasoline-futures-down/ 

Clearly, speculation was the key reason the United States saw a run up in gasoline prices to $4.00 per gallon prior to the US elections. While demand or consumption has dropped, it has only dropped marginally. The price of a barrel of crude oil topped out at $147 per barrel in July before retreating to $90 just one month ago. Consumption has not dropped by 63% – the price of oil has. Claiming that “worries about economic depression” are responsible are for the price drop are false. The oil futures being purchased today will be delived in 90 days – not 12 months down the road.
Were the markets manipulated? Absolutely! By whom? That is the question. Who gained by the manipulation, financially and politically? We know who lost.

Crude Oil Futures $60 Barrel / Gasoline Futures $1.42 – DOW poised to drop into 8000’s

Dated Brent Spot

60.40

-1.00

-1.63

05:38

http://www.bloomberg.com/energy/

Nymex RBOB Gasoline Future

142.57

.13

.09

05:01

  

http://www.bloomberg.com/energy/

 

Dow Jones -130.00 9045.00 11/6 5:29am

 

HANG SENG

-1,050.12

-7.08%

13,790.04

NIKKEI 225

-622.10

-6.53%

8,899.14

 

 

FTSE 100

-175.86

-3.88%

4,354.87

XETRA-DAX

-212.25

-4.11%

4,954.62

CAC 40

-144.93

-4.01%

3,473.18

http://money.cnn.com/data/premarket/index.html

Crude Oil Futures / Gasoline Futures Down

Crude Oil Prices Down to $90 / Barrel (Dated Brent Spot) – Commentators predict fall to $75 / Barrel

Gasoline Futures Down to $2.29 a Gallon – Where is our relief at the pump?

http://www.bloomberg.com/energy/

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