Interesting. Oil wasn’t always traded as a commodity and IMHO it should be taken off the market for national security reasons alone.
Quick followup.
Prices right back up and where gasoline droped three cents yesterday it is up five today.
Energy & Oil Prices: OIL ($/bbl)PRICE* CHANGE % CHANGE TIME
Nymex Crude Future 106.62 0.37 0.35% 12:30
Dated Brent Spot 121.34 0.30 0.25% 12:41
WTI Cushing Spot 106.66 0.41 0.39% 12:28
OIL (¢/gal) PRICE* CHANGE % CHANGE TIME
Nymex Heating Oil Future 319.16 1.90 0.60% 12:30
Gasoline (c/gal)OIL (¢/gal)PRICE* CHANGE % CHANGE TIME
Nymex RBOB Gasoline Future 322.26 5.85 1.85% 12:30
Yesterday? “Oil Prices Tumble” was all over the news.
Waiting for the “Oil/Gasoline Prices Soar” reports...