A Monday morning London Brent update (The NYMEX is closed)greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread |
Brent's up 35 cents There doesn't seem to be much fresh news. Settling at a huge $2.50 discount on Friday, the IPE Brent needs to rally up to get more in line with NYMEX crude values.
Is it major fund buying, y2k disruptions, or a new era of OPEC cohesion?
-- Downstreamer (downstream@bigfoot.com), January 17, 2000
And a link:Brent story
-- Downstreamer (downstream@bigfoot.com), January 17, 2000.
Downstreamer,Thanks for the update.
Jerry
-- Jerry B (skeptic76@erols.com), January 17, 2000.
Many here have asked how long it takes for NYMEX futures price increases to be reflected at the pump. I just posted a private industry perspective from OPIS on pending wholesale gasoline and diesel price increases at the above linked Petro Forum that should be of interest to you TBers.
-- Downstreamer (downstream@bigfoot.com), January 17, 2000.
DS,Great board! Added it to my toolbar folder.
Sincerely,
-- Uhhmmm... (JFCP81A@aol.com), January 17, 2000.
Re crude prices showing up at the pump:Here in my town in SW Okla, unleaded gas went up 10cents per gallon over the weekend.
-- jeanne (jeanne@hurry. now), January 17, 2000.
Afternoon update:March Brent (Feb expired last Friday), settled at $25.65, up 48 cents on the day. NYMEX ACCESS trading will start at 6 PM CST tonight.
-- Downstreamer (downstream@bigfoot.com), January 17, 2000.
If I'm reading NYMEX Access numbers correctly, as of 20:37 EST, Feb light crude is up 0.14 to 28.16.Jerry
-- Jerry B (skeptic76@erols.com), January 17, 2000.
Right Jerry, and gas up to 75c, at this rate i might actually be in the money on my 85c calls by next week. I'm buying the beers!
-- Andy (2000EOD@prodigy.net), January 17, 2000.