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98 comments on Oil (CLZ07) settles above $93...and in the next month...?

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garyp on October 29, 2007 - 3:34pm Permalink | Subthread | Parent | Comments top

I vote it will touch 86 before jumping up through 100. Gotta have that volatility to make the traders money. However I do think 100 before the year end is still a distinct possibility.

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kenny on October 29, 2007 - 4:07pm Permalink | Subthread | Parent | Comments top

I vote for volatility. If it hits $100, it could easily crash back down to $70, since big round numbers have at least as much impact on markets as real data. After that, fundamentals will push the price back up within a few weeks or months.

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Sterling on October 29, 2007 - 7:15pm Permalink | Subthread | Parent | Comments top

I am with you on both counts.

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