NumberSix Posted October 15, 2014 Posted October 15, 2014 I've noticed a pattern that oil prices always seem to go down before elections.http://www.washingtonpost.com/business/economy/oil-prices-plunge-as-production-rises-fueling-concern-in-opec/2014/10/14/9bfd877c-53c9-11e4-892e-602188e70e9c_story.html
fractional slacker Posted October 15, 2014 Posted October 15, 2014 Plunge? Oil traded at an average of $20 a barrel less than 20 years ago. In 2009 it got down to $40. In the past month the price of oil has gone from around $105 to $80 at last check.I agree with your point that there is some correlation between voting rituals and a fall in oil prices.
shirgall Posted October 15, 2014 Posted October 15, 2014 All commodities are down at the moment on a strong dollar, but that's backtracking a little as manufacturing, treasury yields, and more are down on both bad news and on news that quantitative easing is being "rebooted".
st434u Posted October 27, 2014 Posted October 27, 2014 Interesting. I never thought about this pattern. Don't be surprised if it goes up to $200 in one or two years, though.
Sal9000 Posted October 27, 2014 Posted October 27, 2014 Oil and games... Another interesting pattern: Quarterly earnings for a company are then the highest when it comes to paying bonuses.
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