Oil Slick Stuff

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nnuut said:
Oil 12:23...............$97.18............+2.54 NOT GOOD!:mad:
Click to expand...

http://www.bloomberg.com/apps/news?pid=20601087&sid=akxzlemmT5eg&refer=home
Nov. 20 (Bloomberg) -- Crude oil rose more than $2 a barrel after the U.S. dollar declined to a record low against the euro, enhancing the appeal of commodities as an investment.
``As the dollar falls, U.S. refiners need to bid more to compete with overseas consumers,'' said Rick Mueller, an analyst with Energy Security Analysis Inc. in Wakefield, Massachusetts. ``Investors look at crude oil as an inflation hedge. The weaker dollar also cushions the effect of higher oil prices in other countries so demand doesn't take the hit you might expect.''
 
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Oil makes fresh run at $100

Crude jumps over $3 a barrel on refinery outages, falling dollar and Fed hints at further rate cuts.

BGC Partners' David Buik talks with CNN's Sasha Herriman about the relation of the weak dollar with high oil prices.

NEW YORK (AP) -- Oil prices rose sharply Tuesday, once again approaching $100 a barrel as futures drew strength from a declining dollar, news of refinery problems and speculation that the Federal Reserve will again cut interest rates next month.
Gasoline prices, meanwhile, extended their decline at the pump.
http://money.cnn.com/2007/11/20/markets/oil.ap/index.htm?postversion=2007112014
 
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Oil marches toward $100 a barrel

Crude scales fresh record in electronic trading ahead of inventory report; falling dollar supports prices.

SINGAPORE (AP) -- Crude oil prices rose to a new record above $99 a barrel Wednesday, lifted by worries about inadequate supplies as the Northern Hemisphere enters winter and on news of refinery problems.
The declining U.S. dollar and speculation that the Federal Reserve will again cut interest rates also boosted prices. Some investors put their money into oil contracts, betting that gains in their price will offset dollar weakness.
http://money.cnn.com/2007/11/21/markets/oil.ap/index.htm?postversion=2007112104
 
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What $100 oil would cost you

With crude approaching $100 a barrel, consumers should brace for record gas prices and higher airfares - just in time for the holidays.

NEW YORK (CNNMoney.com) -- Even if the price of oil doesn't breach the $100 mark, its recent rise is starting to bite - at the pump, the airline ticket counter and possibly in your home.
http://money.cnn.com/2007/11/21/news/economy/oil_pay/index.htm?postversion=2007112110
 
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Oil dips 99 cents on march to $100

After an early rally, crude retreats on reports that OPEC could increase production.

Hans Redeker of BNP Paribas joins CNN to discuss oil prices soaring above $99 dollars a barrel. Play video

NEW YORK (AP) -- Oil prices fell Friday with shipping data indicating that OPEC could raise production to ease record prices.
Light, sweet crude for January delivery lost 99 cents to $96.30 a barrel in electronic trading on the New York Mercantile Exchange by mid-http://money.cnn.com/2007/11/23/markets/oil_opec.ap/index.htm?postversion=2007112310
 
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Oil UP 11:55...............$98.20............+.91:mad:
For updates see Oil Slick Stuff Home Page!
 
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Oil posts closing record at $98.18:mad:

But analysts say gas prices are likely to hold steady or even slide a bit unless crude rises beyond $100 a barrel.

NEW YORK (AP) -- Oil futures resumed their march toward $100 a barrel Friday, rising to a new record settlement in light holiday trading on concerns about tight heating oil supplies while also drawing support from a buoyant stock market.

http://money.cnn.com/2007/11/23/markets/oil_opec.ap/index.htm?postversion=2007112322
 
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Another straw for the Camel's back!:mad:

Oil platform on fire in North Sea
LONDON, England (CNN) -- Norwegian and British helicopters raced to rescue 159 workers from a British oil platform that caught fire in the North Sea on Sunday, a British Defense Ministry official said.
art.burning.plat.ap.jpg
This undated image shows the oil platform that caught fire Sunday in the North Sea.

Norwegian helicopters had removed at least 44 people from the burning platform, the official said.
"They've made a good start and it's now just a question of as many guys you can get off in one go," Royal Air Force spokesman Michael Mulford said in an ITN interview.
http://www.cnn.com/2007/WORLD/europe/11/25/platform.fire/index.html
 
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Oil bubbles near $99:(

Crude prices climb on colder weather in the world's top consumer regions along with a weakened U.S. dollar.

CNNMoney's Steve Hargreaves discusses the financial burden gas prices present to the nation's working class.

SINGAPORE (AP) -- Oil prices rose to near $99 a barrel Monday on signs of colder weather in the United States and Europe and continued weakness in the U.S. dollar.
The Thanksgiving holiday on Thursday marked the unofficial start of winter in the United States. Among other areas, southeastern New Mexico got up to 9 inches of snow and experienced colder than normal temperatures over the holiday weekend. Snow also fell in Germany over the weekend.
http://money.cnn.com/2007/11/26/markets/oil.ap/index.htm?postversion=2007112606
 
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Oil eases as OPEC hints it may boost production

Iranian oil minister says his country is willing to raise production, furthering the belief that OPEC will increase supplies.

November 26 2007: 11:16 AM EST

CNNMoney's Steve Hargreaves discusses the financial burden gas prices present to the nation's working class.

NEW YORK (AP) -- Oil futures fell Monday on a widening belief that OPEC ministers will agree to raise crude production during a meeting next week.
http://money.cnn.com/2007/11/26/markets/oil.ap/index.htm?postversion=2007112611
 
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Oil tumbles more than $1;)

OPEC members may agree to raise crude output during their early December meeting.

November 27 2007: 7:04 AM EST

VIENNA, Austria (AP) -- Oil prices continued to slide Tuesday on growing expectations that OPEC ministers will raise crude production following a meeting next week.

A sharp sell-off on Wall Street overnight contributed to a decline in oil futures. Crude's rise has been stymied in recent weeks in part by conflicting signals from members of the Organization of Petroleum Exporting Countries about their willingness to add supplies to the global oil market.
http://money.cnn.com/2007/11/27/markets/oil.ap/index.htm?postversion=2007112707
 
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MARKET UPDATE
10:00 am : The major indices trade with healthy gains as broad-based leadership lends support.
Of the nine sectors trading higher, the financial sector (+1.4%) is providing leadership, with the regional banks (+2.4%) group pacing the advance. The sector led yesterday's decline, plunging 4%.
http://finance.yahoo.com/marketupdate/overview?u
 
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Don't Ya just love it? Watch out for Da BOYS!:mad:

$100 oil and the 'S' word

Is it growing demand and tight supply, or merely rampant speculation that has pushed crude to record highs?

By Steve Hargreaves, CNNMoney.com staff writer
November 27 2007: 2:35 PM EST


oil_pump_silhouette.03.jpg
Some say oil should be priced near $100 a barrel, others say it's pure speculation.

NEW YORK (CNNMoney.com) -- Greed is driving oil prices to $100 a barrel.
That's a common feeling among the general public, which sees record profits for investment banks that bet on oil prices - making wealthy oil http://money.cnn.com/2007/11/27/markets/oil_speculation/index.htm?postversion=2007112714
 
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Oil dips near $94 a barrel

OPEC says it's ready to supply more oil although it has no plans yet.

November 28 2007: 5:59 AM EST

SINGAPORE (AP) -- Crude oil futures fell further Wednesday amid a widening belief that OPEC will consider increasing production to ease record prices.
The president of the Organization of Petroleum Exporting Countries said the group stands ready to put more oil into the market although it had no plans to do so yet.
http://money.cnn.com/2007/11/28/markets/oil.ap/index.htm?postversion=2007112805
 
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