10:34 EST - NYMEX - WTI 103.56; Brent 101.72; Gold 988.70; Silver 20.53

[hatrack]

Interesting times.

http://www.nymex.com

[fascisthunter]

1. silver is over 20????

gold almost 1000???? Holy shit!

[GliderGuider]

2. It does have that teetering-on-the-brink, pre-apocalyptic feeling, doesn't it?

With all these price signals, there's got to be a substitute for oil just around the corner.
Maybe even a substitute for money, if it gets too expensive?

[phantom power]

3. Yes, the Invisible Hand will surely save us.

Aaaaany minute now...

[One_Life_To_Give]

4. What is it in Euro's?

Seems to me that oil hass been fairly stable to the Euro.

So the question is;
Is oil getting more expensive or is the dollar becoming worth less?

[phantom power]

5. i got a rough trend from these:

2003: 24 euros/bar
http://goldmoney.com/en/commentary/2004-02-18.html

2008: 67 euros/bar
http://paguntaka.org/2008/01/07/oil-price-6785-euros-10009-per-barrel-how-is-bussiness-and-industry-condition/

So, it is getting more expensive, but as you point out, the effect in dollars is enhanced by dollar devaluation from other factors.

[hatrack]

6. 2:05 PM EST - WTI $103.39; Gold $985.10 (15-minute delay)

Never a dull moment!!