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nnuut said:
It does happen!!:nuts:

Oil speculators charged with price manipulation

By Steve HargreavesMay 24, 2011: 4:18 PM ET

New YORK (CNNMoney) -- Federal regulators charged five oil speculators Tuesday with manipulating the price of crude and making a $50 million profit from the scheme.
The Commodity Futures Trading Commission alleges the speculators bought enormous amounts of actual crude oil for sale in Cushing, Okla, during the early months of 2008.
http://money.cnn.com/2011/05/24/markets/oil_price_speculation/index.htm?iid=HP_River

WILDGOOSE?:laugh::laugh:
Click to expand...

But if it's true... :mad:
 
This is a real example of how the price of Oil can be manipulated, it has happened many times in the past and will continue to happen.:nuts:
 
For NOW!:worried:
Stocks turn higher as crude oil tops $100 a barrel

Stocks reverse losses as oil gains offset concerns about Europe and weak factory orders



Wednesday May 25, 2011, 12:42 pm
NEW YORK (AP) -- Stocks turned higher Wednesday, reversing earlier losses, as rising oil prices offset worries about the global economic recovery.
Europe's worsening debt crisis and weak Japanese exports raised concerns that the world's major economies were flagging. Oil jumped above $100 per barrel, helping to turn energy stocks higher. http://finance.yahoo.com/news/Stock...html?x=0&sec=topStories&pos=main&asset=&ccode=
 
Regular Unleaded 10% Moonshine $3.47 a gallon today in Boiled Peanut GA!
 
Pump prices lower ahead of Memorial Day weekend

Many drivers fell less pain at the pump as they hit the road for Memorial Day weekend trips




Sandy Shore, AP Business Writer, On Thursday May 26, 2011, 12:24 pm EDT

Drivers getting an early start on the Memorial Day weekend are pulling out of gas stations with a little more cash in their pockets.
The national average for unleaded regular gasoline was $3.81 a gallon on Thursday. That's 9 cents less than it was a week ago, according to AAA, Wright Express and the Oil Price Information Service. http://finance.yahoo.com/news/Pump-...87.html?x=0&sec=topStories&pos=7&asset=&ccode=
Most stations across the country are charging even less -- about $3.70 a gallon. That's down 10 cents from Wednesday, according to Fred Rozell, retail pricing director for the OPIS.
 
05/27/2011 - Updated 10:27 AM ET

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Oil gains on dollar weakness, regional unrest

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By Claudia Assis, MarketWatch & V. Phani Kumar, MarketWatch
SAN FRANCISCO (MarketWatch) — U.S. crude-oil futures rose as dollar weakness and heightened concerns about the Middle East and North Africa pushed prices above the psychologically key $100-a-barrel level.
Crude-oil futures for July delivery advanced 54 cents to $100.80 a barrel on the New York Mercantile Exchange.
Oil recovered some ground from the previous session, when weak U.S. economic data dragged the contract down 1.1%.
The U.S. dollar index [DXY] , a measure of the greenback’s performance against a basket of six global currencies, traded at 75.159, compared with 75.598 late Thursday in North American trading.http://markets.usatoday.com/custom/...S&guid={95740EDE-8808-11E0-BDF5-002128049AD6}
 
Here on the north coast I saw gas as low as $3.55 a gallon on Wednesday. This morning it was averaging $3.89. :mad:
 
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