Oil Slick Stuff

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Sorry folks seems like i'm getting conflicting reports??:mad:
Oil prices slides after supply report.

Report shows surprise rise in gasoline inventories; prices pull back from record high.
By Grace Wong, CNNMoney.com staff writer
July 6 2006: 11:25 AM EDT


NEW YORK (CNNMoney.com) -- Oil prices declined further Thursday after a government report showed an unexpected buildup in weekly gasoline supplies.
U.S. light crude for August delivery fell 84 cents to $74.35 a barrel on the New York Mercantile Exchange. Oil was down 34 cents at $74.85 a barrel just before the report. The Energy Information Administration's weekly stockpile report showed gasoline supplies increased by 700,000 barrels. Analysts were expecting a 1.9 million barrel decline in gas supplies, according to Reuters.
http://money.cnn.com/2006/07/06/markets/eia/index.htm?cnn=yes
 
Filled up on the way to work this morning, talked with the attendant and fournd out that the gas stations are looking for fuel to jump another 50 cents.....soon....if that isn't a show stopper....some people just don't know when to quit.....
 
The_Technician said:
Filled up on the way to work this morning, talked with the attendant and fournd out that the gas stations are looking for fuel to jump another 50 cents.....soon....if that isn't a show stopper....some people just don't know when to quit.....
Click to expand...

OUCH, DAMN, got to trade-in my 4Runner!! YUCK! :sick:
 
Super Oil Slick today, be careful!
$75.73 a barrel, new HIGH! Yuck!!!!:nuts:
07/07/2006 - Updated 8:49 AM ET
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Crude at record level as supplies remain key focusKorea, Iran also provide support; A.G Edwards ups outlook
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</IMG>By Ciara Linnane, MarketWatch
NEW YORK (MarketWatch) -- Crude-oil futures rose to a record $75.78 a barrel early Friday as traders continued to digest U.S. data showing a bigger-than-expected drawdown in crude inventories while eyeing the latest news from North Korea and Iran.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7B7E8D58BC%2D1209%2D49B9%2DB7D0%2DC226286488D2%7D
 
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I LOVE fossil fuels at any price. They're Great! I stopped my weekly grazing at McDonalds and Burger King; took up jogging too. Worked perfect; lost 35 pounds since 4th QTR 2005. :D Cost of gas is no longer an issue.
Keep the 4 runner Nnuut.
 
Fivetears said:
I LOVE fossil fuels at any price. They're Great! I stopped my weekly grazing at McDonalds and Burger King; took up jogging too. Worked perfect; lost 35 pounds since 4th QTR 2005. :D
Keep the 4 runner Nnuut.
Click to expand...
Yep, plan to keep her no matter the price. 35 LBS! WOW!!!!!:D How big a Old Boy are ya "Roy D. Merser"? :D
 
Slim and trim now, runnin' must be lots easier? Don't lose too much quickly, not good!:D
 
BACK OFF OIL CREEPS, yer killin' us! :nuts: :nuts:
Down to $74.55 a barrel.
07/07/2006 - Updated 1:06 PM ET
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Crude falls after tapping record on strong demand U.S. supply data, North Korea provide support; natural gas at two-year low
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</IMG>By Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) -- Crude-oil prices fell Friday but were on track to end the week higher with strong U.S. petroleum demand, a fall in inventories and North Korea's missile tests among traders' biggest concerns.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7B7E8D58BC%2D1209%2D49B9%2DB7D0%2DC226286488D2%7D
 
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Thanks!
$74.09 a barrel.

07/07/2006 - Updated 3:49 PM ET
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Crude futures fall from a record levelOil price modestly higher for the week; natural gas ends at two-year low
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</IMG>By Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) -- Crude-oil futures closed lower Friday, but touched a record level during the session and scored a slight gain for the week with strong U.S. petroleum demand, a fall in inventories and North Korea's missile tests among traders' biggest concerns.
At the same time, natural-gas futures finished at their lowest level in two years, pressured by ample supplies and forecasts of no near-term storm threats to production in the Gulf of Mexico.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7B7E8D58BC%2D1209%2D49B9%2DB7D0%2DC226286488D2%7D
 
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Iran is being a Good Boy, for now.;)
$73.56 a barrel

07/10/2006 - Updated 8:00 AM ET
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Crude dips as traders lock in recent gainsIran, North Korea, gasoline demand remain a key focus
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</IMG>By Ciara Linnane, MarketWatch
NEW YORK (MarketWatch) - Crude-oil futures fell early Monday, pulling back with the broader commodity market, after Iran's chief nuclear negotiator made positive comments about the incentive package the West is offering Tehran in an effort to stop it from enriching uranium.
Crude for August delivery was last trading down 53 cents at $73.56 a barrel. The contract touched a record during Friday's session, before closing lower as traders locked in some of the commodity's recent gains.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7BCA3AD997%2DD093%2D4D44%2D8EB9%2D88164607AA3E%7D
 
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Someone needs to throw some Kitty litter on that Oil Slick.
$73.61 a barrel

07/10/2006 - Updated 4:03 PM ET
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Crude futures end lower for third sessionIran, North Korea, gasoline demand remain a key focus
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</IMG>By Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) -- Crude-oil futures fell for a third day Monday, pushing their three-day loss to 2% on signs of easing tensions with Iran and North Korea.
http://markets.usatoday.com/custom/...s&guid={CA3AD997-D093-4D44-8EB9-88164607AA3E}
 
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Oil Prices Edge Up As Investors Wait for More Information on EU, Iran Nuclear Talks
LONDON (AP) - Oil prices edged up Tuesday as the market awaited developments in talks between the European Union and Iran on its nuclear program. Light, sweet crude for August delivery on the New York Mercantile Exchange rose a penny to $73.62 a barrel in electronic trading by midday in Europe.
http://biz.yahoo.com/ap/060711/oil_prices.html?.v=9
 
The waiting game.
$74.30 a barrel.:notrust:

FUTURES MOVERS
Oil holds above $74 a barrel as traders await data

By Ciara Linnane, MarketWatch
Last Update: 7:46 AM ET Jul 12, 2006

NEW YORK (MarketWatch) -- Crude-oil futures held above $74 a barrel early Wednesday after talks between European Union and Iranian negotiators on Tehran's nuclear program ended without any significant breakthrough.
Traders are also awaiting supply data for the Independence Day holiday week and will be keeping a close eye on underlying demand trends.
Crude for August delivery was last up 14 cents at $74.30 a barrel. The contract ended a three-day losing streak Tuesday, against a background of international tensions, including Iran, the train attacks in Mumbai, India and disagreement over how to proceed in dealing with North Korea's missile tests.
International developments remained in focus early Wednesday. The E.U. foreign policy chief Javier Solana came away from talks with Iran's top nuclear negotiator Tuesday with no breakthrough, the BBC reported, and an E.U. spokeswoman said the talks were disappointing.

http://www.marketwatch.com/News/Story/Story.aspx?column=Futures+Movers&siteid=mktw&dist=
 
Market Update
Getting Slicker!
$74.85 a barrel
11:00 am : Market extends its reach into negative territory as oil prices spike to session highs following the Energy Dept.'s weekly inventories data. Oil for August delivery initially hit $74.85 per barrel (+1.1%) after crude oil inventories fell by 5.99 mln barrels last week, nearly triple the decline expected by some analysts. However, with volatile oil prices now in negative territory, Energy’s modest leadership after subsequently turning positive has disappeared in sympathy with oil's reversal and stalled any attempts at a recovery for now. DJ30 -48.67 NASDAQ -19.51 SP500 -6.05 XOI -0.6% NASDAQ Dec/Adv/Vol 1706/978/516 mln NYSE Dec/Adv/Vol 1891/1094/408 mln
http://finance.yahoo.com/mo
 
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