just sold out.

The issue, IMHO is that OIL is an easily traded short....or whatever other mechanism you choose. That it varies with demand and supply is bad enough because at least one of these can be manipulated - namely supply, eg by OPEC - indeed they are meeting to restrict supply, although I understand this isn't technically all that easy, so perhaps it is the threat of restriction that has the effect of making high-users ( like airlines, shipping etc) buy-forward, hence "nailing" their price.
-The rest of us expect Oil to rise a little* - - -- but have the manipulators gone forever? I suspect so, since when OIL was driven high ( mid-2008) there was a general feeling that sub-prime only affected a dfew businesses in Wall Street and not your averge consumer in the rest of the World.
-This is now obviously wrong! So there is an expectation thet Oil-consumption will reduce as folk restrict journeys and maybe turn-down their heating, etc. etc.


The variation in US-economy is another angle on oil - as is the move by America to reduce their oil-imports . . . . although how you can cut somethinig they enjoy is hard for me to understand.

Well, that's off my chest, now the dark room . . . and injections nurse.



*Note that in the UK the price at the pump is largely Tax, so the change will be quite small.

KEEP IT UP" HANGOVER"

OCTOBER 27, 2008 OPEC Cut to Be Felt Eventually

The Organization of Petroleum Exporting Countries' move to pump less oil in the presence of shakey demand growth will result in higher prices -- eventually.

For now, the cartel's decision Friday to trim 1.5 million barrels a day from its output target won't put the brakes on oil prices' nose dive, analysts said. The reasons have to do with oil-supply dynamics and global financial markets.

OILS GOING UNDER 60 DOLLARS A BARREL

HOW LONG WILL THIS GO ON?

Oil prices continued to slide, to near $55 a barrel. BOO

WHEN WILL IT END.

WHAT A GREAT DAY.

Yes XST, but watch out for those Opec boys )-:

86 DOLLARS

95 DOLLARS

Y DID I SELL.

97 DOLLARS when will it stop.

ETFS Short Crude Oil (SOIL) is designed to change each day by minus one times (-1x) the daily percentage change in the DJ-AIG Crude Oil Sub-IndexSM (before fees and adjustments). Therefore if the DJ-AIG Crude Oil Sub-IndexSM falls (or rises) by 1% in one day, then ETFS Short Crude Oil will rise (or fall) by 1%. In addition, an interest component is added each day to give a total return investment.

NICE MOVE TODAY,
I HOPE IT LASTS.

ON THE MOVE AGAIN

down or up