Oil Falls 10%/$10 to about $96 a Barrel!

[Knightskye]

http://www.nytimes.com/2008/09/30/business/30oil.html?hp

Looks like commodity traders are dumping oil and going into metals.

[ItsTime]

I believe it went back up today

[Razmear]

It went up a little:
http://www.bloomberg.com/markets/commodities/cfutures.html
We are still getting screwed on gas prices here in SC tho, wholesale is 2.48/gal and add about 50 cents for taxes and markup and we should be paying about $3 a gallon but they are still charging $3.75 at the cheapest places.

eb

[werdd]

"Because of the anticipation of tomorrows bailout"

[DAFTEK]

WTF happened to supply and demand???? lol :rolleyes:

[damania]

It's those damn futures traders that leverage up from 5% of actual money. I hope they all lose money bigtime.

Remmeber, the less we give these bankers, the less they can jack up the prices.

We should all use less gas and show them.