Oil Slick Stuff

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Market Update

11:00 am : Not much has changed since the last update as stocks settle into a relatively narrow range near morning lows. Meanwhile, oil prices have recently slipped to the lowest levels of the session, a day after posting their biggest gain (+1.85) this month.
http://finance.yahoo.com/marketupdate/overview
 
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Oil steadies at $72 on refinery slowdowns

Outages at Citgo, Chevron refineries props up price of crude, despite signs of U.S. economic weakness.

August 28 2007: 5:50 AM EDT


LONDON (Reuters) -- Oil prices were steady at $72 Tuesday, with U.S. refinery shutdowns reviving supply concerns just as the summer driving season draws to a close.
Traders said the steady prices, despite fresh signs of weakness in the U.S. housing market, are an indication the oil market is refocusing on fundamentals.
http://money.cnn.com/2007/08/28/markets/oil.reut/index.htm?postversion=2007082805
 
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11:00 am : Stocks are taking a turn for the worse as selling remains widespread across most areas. The Financial sector is now down 1.8%, still acting as the market’s biggest headwind; but the Energy sector ranking a close second also removes some notable leadership as crude for October delivery is now down 0.9% near $71.30/bbl.
http://finance.yahoo.com/marketupdate/overview
 
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Oil jumps $1 as crude, gas supplies fall:D

Drop in stockpiles is much bigger than expected; crude extends early rally.

August 29 2007: 10:42 AM EDT

NEW YORK (CNNMoney.com) -- Oil prices extended early gains Wednesday after the government said supplies of crude oil and gasoline fell more than expected.
U.S. light crude for October delivery jumped $1.02 to $72.75 a barrel on the New York Mercantile Exchange. Oil had traded up 72 cents just prior to the report's release.
http://money.cnn.com/2007/08/29/markets/oil_eia/index.htm?postversion=2007082910
 
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Oil prices ease on demand concern:D

Crude prices decline on prospect of weakening demand after second-quarter GDP numbers come in slower than expected.

August 31 2007: 6:16 AM EDT

SINGAPORE (AP) -- Oil prices eased Friday in Asia after settling lower the previous session on slower-than-expected economic growth figures and profit-taking.
Light, sweet crude for October delivery fell 15 cents to $73.36 a barrel in Asian electronic trading on the New York Mercantile Exchange.
Bulls in control before Bernankehttp://money.cnn.com/2007/08/31/markets/oil.ap/index.htm?postversion=2007083106
 
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Oil jumps nearly $1 on storm worries:mad:

Crude futures climb on concerns about a tropical system that could threaten oil and gas installations in the Gulf of Mexico.

August 31 2007: 9:35 AM EDT


SINGAPORE (AP) -- Energy futures rose Friday on concerns of a tropical storm system forming in the Atlantic.
Light, sweet crude for October delivery rose 92 cents to $74.28 a barrel in electronic trading on the New York Mercantile Exchange. Natural gas futures rose 6.4 cents to $5.699 per 1,000 cubic feet.
http://money.cnn.com/2007/08/31/markets/oil.ap/index.htm?postversion=2007083109
 
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Watch out for Felix, may cause a problem for Gulf Oil, right now we want a turn to the left.
Forecasters: Felix churning toward 'major hurricane' status
 
Oil hovers above $74 as storm worries fade

Futures steady on eased concerns about a Category 5 Atlantic hurricane hitting key refineries in the Gulf of Mexico.:D:worried:

September 3 2007: 8:36 AM EDT

SINGAPORE (AP) -- Oil futures were steady Monday near the previous session's closing price as worries eased over the threat of a hurricane to key oil infrastructure in the Gulf of Mexico.
Light, sweet crude for October delivery rose 26 cents to $74.30 a barrel in Asian electronic trading on the New York Mercantile Exchange, mid-afternoon in Singapore.
http://money.cnn.com/2007/09/03/markets/oil.ap/index.htm?postversion=2007090308
 
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OH, buy the way, I wish all the best for the Poor People in the way of this storm, HUGO ran right over the top of my house and it's not pretty!!!:sick: May their GOD be with them!!:o
 
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Market Update:(

11:00 am : Stocks are extending their reach into positive territory as buyers reclaim complete control of today's action. Of the 10 economic sectors now trading higher, Energy (+1.6%) is leading the charge as oil prices hit fresh morning highs.
At its best level, crude for October delivery was up 1.2%, just shy of $75/bbl, after Colorado State University calling for above average hurricane activity prompted a short-covering bounce in oil.
http://finance.yahoo.com/marketupdate/overview
 
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Oil prices steady as storms brew

Traders relieved that Hurricane Felix spares Gulf oil installations, but expect a strong hurricane season overall.

September 5 2007: 7:34 AM EDT

VIENNA, Austria (AP) -- Oil prices were steady Wednesday as traders balanced relief that Hurricane Felix had spared key oil installations with concerns that it could be a nasty hurricane season in the Atlantic.
The market awaited a midweek U.S. government petroleum data expected to report declines in crude and gasoline stocks. Traders were not expecting OPEC to hike output.
http://money.cnn.com/2007/09/05/markets/bc.oilprices.ap/index.htm?postversion=2007090507
 
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FUTURES MOVERS
Crude struggles to hold $75 level as natural gas gains

By Myra P. Saefong & Polya Lesova, MarketWatch
Last Update: 10:48 AM ET Sep 5, 2007

SAN FRANCISCO (MarketWatch) -- Crude-oil futures barely budged Wednesday, struggling to hold their ground above the $75 level after reaching a one-month high in the previous session.

Concerns over tight supplies of petroleum products, as well as the potential for damage to energy facilities in the Gulf of Mexico during what's expected to be an active remainder to the Atlantic hurricane season, continued to provide support for prices.
Crude for October delivery edged up by 8 cents to $75.16 a barrel on the New York Mercantile Exchange.
http://www.marketwatch.com/News/Story/Story.aspx?column=Futures+Movers
 
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Oil climbs above $76 on inventory concern:mad:

Analysts expect crude oil and gasoline stockpiles to fall by 1.1 million barrels each in upcoming inventory report.

September 6 2007: 6:02 AM EDT

SINGAPORE (AP) -- Oil prices rose amid expectations that a government report due later Thursday would show declines in crude and gasoline inventories.
Light, sweet crude for October delivery gained 42 cents to $76.15 a barrel in Asian electronic trading on the New York Mercantile Exchange, midafternoon in Singapore. The contract rose 65 cents to settle at $75.73 a barrel Wednesday.

http://money.cnn.com/2007/09/06/markets/bc.apfn.as.fin.mkt.oilp.ap/index.htm?postversion=2007090606
 
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