Oil Posts Largest $ Gain EVER

Yesterday's $5.49 gain in crude oil futures was the largest dollar gain since 1986, although in percentage terms for the same period the gain ranks much lower: 151st.  Below we highlight the largest gains and losses in oil both in dollar change and percent change.  As shown, when oil is up in dollar change the results over the next week and month vary, up $0.50 on average.  When down in dollars oil tends to rally over the short term, and is up $5.62 on average over the following month. 
(click on the images below to enlarge)

 

Comments

[tom]

Its nut the way Oil prices are going up and with gas prices. Everyone is feeling it in the pocket. I would like to know what has caused the increase?

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[Marc]

Those are nice looking checks...I didn't know people still used checks however...

I think the increase in oil prices is because someone is willing raise prices and someone is willing to pay more for it. That's usually how it works. It will come down when either one of those two things changes.

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