Every Slick Oil Trader Know ...

Slippery Is The Hand That Swims In The Oil Barrel

The long winter months are over and this Spring, you’ll want to be investing.

The market upturn is a great boost to the economy and as a binary options investor, you want to take advantage of this.

One of the top picks to invest in would be oil. Oil assets are going to be fluctuating which represents a great investment opportunity for the professional and casual investor alike.

Remember that in binary options, you don’t earn capital gains only when the stock is rising. Just predict the trend line and you will make a huge return on your investment.

Tuesday, August 9, 2011

Oil prices plunge, but motorists not getting much relief at pump

By ROD WALTON World Staff Writer
Published: 8/9/2011 2:26 AM
Last Modified: 8/9/2011 3:58 AM

Crude oil futures fell to their lowest level in nearly a year Monday, but Tulsa gasoline prices are still clinging to an average that was charged when a barrel cost close to $20 more.

"With markets the way they are, it's anybody's guess on what they're going to do," AAA-Oklahoma spokesman Danial Karnes said. "It's all over the board."

That board is making a steep downhill run at the moment. West Texas Intermediate crude oil for September delivery dropped $5.57 on Monday to settle at $81.31 per barrel on the New York Mercantile Exchange.

The closing crude price is the lowest since it settled at $80.05 on Aug. 31, 2010. The one-year high for WTI was $114.83 per barrel on April 29.

Tulsa retail gasoline, meanwhile, is not falling by the same leaps and bounds. The Tulsa average reported by AAA is $3.44 per gallon, but it was closer to $2.50 when domestic crude oil was last around $80.

"Gas prices aren't always logical," Karnes said. "But logic tells us if oil continues to fall, then gas prices should continue to fall as well."

The price at many QuikTrip stations in Tulsa was $3.39 on Monday afternoon. The QuikTrip price at the end of last August - the last time crude oil was anywhere near this low - was $2.46 per gallon.

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