Buy Crude - Hurrican Sandy?

wackypete2

Legendary member
10,229 2,053
Not sure. It won't be hitting the offshore oil rigs in the gulf so capacity may not be affected much. Many of the refinaries in the Philadelphia region have already been shuttered for unrelated reasons. The east coast, including myself, will be evacuating Sunday morning.

Peter
 

rsh01

Experienced member
1,184 299
increased traffic driving away though

good for the economy. create bad weather, like global warming. yeh.

seriously though, these troubled times will blow over.
 

wackypete2

Legendary member
10,229 2,053
increased traffic driving away though

good for the economy. create bad weather, like global warming. yeh.

seriously though, these troubled times will blow over.


Thanks for that reminder :LOL:
I have a headache now.

Peter
 

wackypete2

Legendary member
10,229 2,053
increased traffic driving away though

good for the economy. create bad weather, like global warming. yeh.

seriously though, these troubled times will blow over.

Haha, I just caught wind of that one (y) . I'm a bit slow tonight.

Peter
 

rsh01

Experienced member
1,184 299
Haha, I just caught wind of that one (y) . I'm a bit slow tonight.

Peter

apols again, i-so-bar (is that bad or good, i dont know) people like you from my pub, this time i will let you precipitate whatever clouded nonsense you have to spout.
 

irishneil

Junior member
39 0
Was thinking about getting in on monday when markets open and out in 2 or 3 days. Its bound to be hot on the news this week, theres bound to be a few speculative buyers?
 

rsh01

Experienced member
1,184 299
Yeh just like irene drove the price to the moon. Do you reckon anyone else knows about it?
 

irishneil

Junior member
39 0
im buying when markets open. Worth a punt
 

bid_diddler

Junior member
47 6
Was thinking about getting in on monday when markets open and out in 2 or 3 days. Its bound to be hot on the news this week, theres bound to be a few speculative buyers?

I think you mean sunday evening when the markets open (crude light futures).
 

irishneil

Junior member
39 0
Btw, the only option to trade crude is a futures contract for december the 12th. Im aware that oil reserves are high due to a high amount in us inventories. Think I cud scalp a dollar or two this week due to sandy?
 

rsh01

Experienced member
1,184 299
Think I cud scalp a dollar or two this week due to sandy?

is an option on a future the best instrument to scalp? i dont scalp CL, and i do not trade it off of fundamentals so cannot really help. wld just be careful as its not exactly new news, and the impact the weather can/will have will be known by many more ppl well before you know (thats an assumption that you are not working in the energy industry).

i only really trade it during the pit open times (and short while before).

g/l.
 

dan1986ccfc

Active member
113 3
I'd stay away if I were you.
From a technical stance its definitely not a buy in my book.
As has been pointed out its not exactly new news so the news has probably been factored into the price already.
 
 
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