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Posts: 153
Saudis launching airstrikes in Yeman. just popped to look at oil prices up 5% to 51.50 a barrel
Posted by
Bacon (aka redmond)
Mar 25 '15, 20:52
OPEC cut production? Naaaaw we will just escelate a civil war in an oil producing country
Responses:
5% fluctuation doesn't seem that much out of normal variance of the market -- nm
-
zeitgeist
Mar 25, 22:21
2
After hours it is a bigger move than if it's during market hours -- nm
-
Bacon
Mar 26, 06:57
1
And a 5% move is big, regardless. -- nm
-
znufrii
Mar 26, 07:06
Yemen's production is insignificant, and was dropping before the troubles. it has much more impact as a source of regional instability. -- nm
-
mafic
Mar 25, 21:13
1
(they're also not even an OPEC member) -- nm
-
mafic
Mar 25, 21:19
Oh goody, that means prices are heading towards $4 around Chicago.
-
tobor.2
Mar 25, 21:07
People dying and the price of gas tomorrow is the main worry. And they call Obama a psychopath -- nm
-
con_carne
Mar 25, 21:06
2
Self interest wins out. -- nm
-
tobor.2
Mar 25, 21:09
1
And..the oil companies use just about any excuse to up prices whether they're germane or no. -- nm
-
tobor.2
Mar 25, 21:21
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