 | A Katrina update and place to comment | The Oil Drum | Hurricane Katrina Update: The Event that Introduces Peak Oil to a Nation |  |
20 comments on An Evening Note on Katrina
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Prof. Goose on August 28, 2005 - 7:35pm
I found this somewhere today: the maximum increase (crude futures) for one day on NYMEX is $10.00 then they stop trading, so we could conceivably see $78.00 on monday. The options contracts are limited to $7.50 per day I think...Can anyone confirm this?
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fireangel on August 28, 2005 - 9:38pm
I think There is a time limit of an hour imposed when prices move by $10.Trading stops and then restarts. I remember reading this somewhere. Sorry I am not sure. In my opinion with refining capacity down more than crude oil production capacity that may set a ceiling on the price.
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20 comments on An Evening Note on Katrina
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