Tanker Accident in the Indian Ocean

[Peter Spielvogel]

Apparently the tanker Bright Artemis was struck by another ship and is now leaking oil. Read about it here: http://www.msnbc.msn.com/id/14352482/

 

[Dave Gittins]

No good deed goes unpunished.

http://www.abc.net.au/news/newsitems/200608/s1715692.htm

 

[Peter Spielvogel]

That sucks so much. I'm wondering how long it'll be before investors start flipping their wigs and oil prices surge again.

 

[Michael H. Standart]

>>I'm wondering how long it'll be before investors start flipping their wigs and oil prices surge again.<<

Probably about five minutes depending on what happens in places like the Middle East or the Alaska oil fields. I don't think anyone in the futures market is going to get overly worked up about this.