Oil : USO - USL - CL futures and oil ETF discussion - Page 35

While everything is possible I doubt that USO will see $32 with the current mess in Libya and the middle-east. Also demand for oil is quite high in Asia and the rest of the world. If at any time we see that Saudi Arabia was or is unable to cover extra demand from their reserves oil prices will skyrocket.

 

Completely agreed. I was just throwing a couple things out there for the people who are really bearish.. Personally, I think it could potentially go up to upwards of 46-48+... and wouldn't really fall below 36-37.

 

Hope this news does not kill the oil rally

http://news.yahoo.com/s/nm/20110306/pl_nm/us_usa_energy_reserves

Oil numbers update..

http://finance.yahoo.com/career-work/article/112272/worlds-biggest-oil-reserves

Here comes oil at 107/Barrel!

 

My weekend flip is going to pay off

Looking good so far unless that invisible hand comes in to intervene..

i am taking a loss, and out on my puts.

waiting for another opportunity to go short, this sucker has to come down.

Out at open for a 30% gain. I had a feeling we were going to see a sell off after the run up

bloomberg say oil is headed towards 200 a barrel

 

any thoughts 

There's always some fear monger preaching outrageous numbers. The $200 number has been tossed around before, the last time oil prices spiked. One day we may eventually get there but if it happens this year then most of the world's economies will collapse, then the folks trying to sell that overpriced oil won't have any customers. Oil cannot get that high unless there are people who can afford it.

If Saudi Arabia gains unrest it will likely surge... Considering they're the highest supplier of oil on the "food chain."

The earthquake in Japan may push oil prices higher.
http://www.latimes.com/news/nationworld/world/la-fi-japan-quake-oil-20110312,0,5878772.story

I think this last dip on oil prices was a buying opportunity. I'm going to buy all the dips when oil dips.

Thats doubtful as Japan is the 3rd largest importer..

Oil will decline as they are in a state of emergency and dont need as much to put it simply.

Long Term it will go back up, but not for awhile.

Buy the dips..

Pretty good move over the past two days in oil

I say oil prices continue to climb so USO calls should do well.

USO Pulls Back Intra-day. Watch This Level.

 

 

The United States Oil Fund(NYSE:USO) sold off a little from its intra-day high just before spot crude closed on the NYMEX at 2:30 pm EST. Traders should watch the $42.80 level for intra-day support. This could also be a likely scalp bounce level for the USO.



Nicholas Santiago
InTheMoneyStocks

 

I am looking for a retracement on the spot back to the 110 level soon. I may be making a call position shortly.

Oil numbers just out, inventories are lower, oil just popped over $110