How does this work?

It's future prices. Speculation. They're thinking that the crisis is nearing an end, and oil will go down when it does.
 
Its a reflection of market confidence at the outcome. The economy bottomed out ages ago and the markets are vastly undervalued. Its a beachball being held underwater. Once this whole thing blows over... its going to be released and WHAM.. no telling how high its going to spring.
 
And that is precisely the reason we are likely to be saying President Bush until 2008. If this war turns the economy around like it has the potential of doing, he'll be sitting pretty in two years.
 
the national average for gas is $1.79/gal ... I'd LOVE to have that price for gas ...
 
1.61 yesterday at the local Chevron. I could have done .05 better if I would have driven 6 miles out of my way ... but that would have just swallowed up any savings out of hand.
 
Jon said:
I would have thought that the prospect of war would have sent oil prices sky high...
Click to expand...

War is good for business. Uncertainty is the problem.
 
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