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Crude Oil Futures - Feb 15 (CLG5)

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57.87 +3.51    (+6.46%)
19/12 - Closed. Currency in USD ( Disclaimer )
Type: Commodity
Group: Energy
Unit: 1 Barrel

  • Prev. Close: 54.36
  • Open: 55.00
  • Day's Range: 54.43 - 58.39
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Crude Oil 57.87 ++3.51 (++6.46%)
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Crude Oil
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Latest Crude Oil Comments

NG NG Dec 20, 2014 08:16PM GMT
I want bulls to push it higher for the next leg down

Joshnah SS
Joshnah SS Dec 20, 2014 03:10PM GMT
Cheap supply from ISIS distributors and oil rich Russia ready for increase supply and further discounted price to stabilize economy.
Joshnah SS
Joshnah SS Dec 20, 2014 03:39PM GMT
Speculators can't push the crude beyond 60 if no new international crises.
Joshnah SS
Joshnah SS Dec 20, 2014 03:42PM GMT
The present option with US on ISIS to dump oil price to economically weaken them.
A Big SL Fan
A Big SL Fan Dec 20, 2014 06:46PM GMT
buddy, if traders do short covering to spent profit for christmas holiday, it might.
Rod Stabbin
Rod Stabbin Dec 20, 2014 07:03PM GMT
Solid news on production cuts, etc will be needed to see 100 dollar oil again. But news and crises are needed for a retracement. Oil has been tanking non-stop for months, with no retracements, and no slowing. Nothing but over-exaggerated panic selling and opportunity shorts. I believe this upcoming week we will see a retracement much higher than 60, I believe 69/70 is very realistic for this retracement. Those who say that "without news, oil will continue to drop" are very unaware of economic dynamics.
A Big SL Fan
A Big SL Fan Dec 20, 2014 07:13PM GMT
Hey Rob , saudi mentioned of stabilizing oil price at new long term channel of usd60-50pb... and furthermore more and more discounts from the moguls to secure market of oversupply with forecasted lesser demand, furthermore the news of surging production volume of shale...so kindly tell on what dynamic of usd70pb are we talking about while saudi oil price already around 60s, not to mention biggest discounts to clients offered by iraqis. so what kind of over exaggererated that would drag price back to usd70? can u kindly elaborate?
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Enlighwisdom Wisdom
Enlighwisdom Wisdom Dec 20, 2014 11:32AM GMT
SL Fan,may I know how those oil producing countries send their physical products to these 2 future exchange center , how about south America oil producing countries, do they send to US for sales ?
Retired  Broker
Retired Broker Dec 20, 2014 04:58PM GMT
They don't none of them do.
A Big SL Fan
A Big SL Fan Dec 20, 2014 06:41PM GMT
no they dont buddy
Enlighwisdom Wisdom
Enlighwisdom Wisdom Dec 21, 2014 01:32AM GMT
so, what is the purpose of having this future exchange ? If I tender 10,000 contracts for Feb physical delivery, what are the exchange going to do ?
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