Oil Slick Stuff

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Not for long Condi!
$74.05 a barrel
Vascillating?
07/24/2006 - Updated 10:52 AM ET
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Crude futures eases on Mideast hopesWeather propels natural gas; gasoline reported at retail record
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</IMG>By Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) -- Crude-oil futures eased Monday morning on hopes that diplomatic efforts to resolve the conflict between Israel and Hezbollah forces in Lebanon will succeed before the violence spreads to any other countries in the region.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7BC39B3288%2D092F%2D4294%2DB882%2D1D3655FC4BB2%7D
 
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Watch out for the potential hurricane in the Gulf!! Up goes the Oil Down goes the market!:mad:
 
07/24/2006 - Updated 1:40 PM ET
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Natural-gas futures at one-month highOil turns higher, though Mideast concerns wane; retail gas at record
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</IMG>By Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) -- Natural-gas futures climbed as much as 8% Monday, reaching their highest level in more than a month, as triple-digit temperatures across much of the United States lifted expectations for energy demand.
http://markets.usatoday.com/custom/...s&guid={C39B3288-092F-4294-B882-1D3655FC4BB2}
 
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nnuut said:
$75.05

07/24/2006 - Updated 3:24 PM ET
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Natural-gas futures at one-month high; oil tops $75Energies focus on weather, Mideast developments; retail gas at record
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</IMG>By Myra P. Saefong, MarketWatchhttp://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7BC39B3288%2D092F%2D4294%2DB882%2D1D3655FC4BB2%7D
Click to expand...

I find it rather disturbing that oil and gas producers are making a Heap of Money and are still raising fuel costs to the consumer who you know are struggling to keep up.....its just adding fuel (a pun!!!) to inflation.....Govt needs to step in because fuel is an essential like bread, milk, eggs and such, but won't.....
 
Getting Mighty Slick!
Crude $75.53 a barrel:mad:

07/25/2006 - Updated 8:38 AM ET
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Crude gains as hopes for Mideast solution fade
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</IMG>By Ciara Linnane, MarketWatch
NEW YORK (MarketWatch) - Crude-oil futures rose for a third consecutive session Tuesday, as the conflict in the Middle East entered its 14th day with Israeli Prime Minister Ehud Olmert vowing to continue the offensive against Hezbollah in Lebanon.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7B664BF27C%2D1B30%2D4BC0%2DA338%2D9F56E1DEAF84%7D
 
Maybe I should have said" When will she go low" I feel sure it might drop a couple of cents more and rise to the occasion again. Some are making too much money to stop now.;) :sick:
 
Oil Prices Dip As Market Awaits Report
SINGAPORE - Oil prices dipped Wednesday as traders awaited the weekly report on U.S. petroleum inventories. Relief that Israeli-Hezbollah fighting in the Mideast has not spread in the oil-rich region also seemed to keep a lid on prices. "The market is a bit nervous about the U.S. inventory report. The numbers have been a bit confusing over the past two to three weeks" because of holidays in the United States, said Tobin Gorey, a commodity strategist at Commonwealth Bank of Australia in Sydney. "The numbers this week should give us a reasonably clean read on what is going on."
http://news.moneycentral.msn.com/provider/providerarticle.asp?Feed=AP&Date=20060725&ID=4160093
 
Before: $73.65 a barrel

07/26/2006 - Updated 10:13 AM ET
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Oil futures slip as traders weigh Mideast, await data
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</IMG>By Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) -- Crude-oil futures inched lower Wednesday morning, with traders continuing to weigh the situation in the Middle East against upcoming updates on U.S. petroleum supplies.
Crude for September delivery was last trading down 10 cents at $73.65 a barrel on the New York Mercantile Exchange. Prices closed at a one-month low on Tuesday as traders took in profits from a two-session gain of 1%.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7B41FF0A6E%2D8C1A%2D4CC4%2D87C4%2D3AEC5F8DE71B%7D
 
Late on 10:00ET deadline on updates of U.S. petroleum supplies. Must be too much to count?:confused:
 
? No numbers yet!

MARKET UPDATE

11:00 am : Market continues to languish near morning lows as oil prices spike to session highs following a larger than expected draw down in weekly gasoline inventories. As if rising energy prices weren't already taking a toll on transportation stocks, as evidenced by higher diesel fuel prices contributing to an earnings shortfall at Norfolk Southern (NSC 39.99 -5.26), which has plunged 12% to October lows and weighing heavily on the Industrials sector (-1.8%), oil back above $74 per barrel is merely exacerbating early consolidation efforts.
http://finance.yahoo.com/mo
 
Crude supplies unchanged (Opps looks like Pilgrim beat me to it, good job!)
Gas supplies drop!
AFTER $74.20 a barrel

Oil gains as gas supplies fall
Government says gasoline stockpiles dwindled by 3.5 million barrels last week; distillates don't rise as much as expected.
July 26 2006: 11:08 AM EDT

NEW YORK (CNNMoney.com) -- Oil prices moved higher Wednesday after the government said supplies of gasoline fell far more than expected.
U.S. crude for September delivery gained 45 cents to $74.20 a barrel on the New York Mercantile Exchange. Crude was 20 cents higher just prior to the report.

http://money.cnn.com/2006/07/26/markets/oil_eia/index.htm
 
Now it's Nigeria, what next?
$74.58 a barrel

07/27/2006 - Updated 8:27 AM ET
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Crude rises in continued response to supply data
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</IMG>By Ciara Linnane, MarketWatch
NEW YORK (MarketWatch) - Crude-oil futures rose early Thursday in a continued response to bullish weekly supply data with the continued conflict between Israel and Lebanon and production outages in Nigeria also providing support.
Crude for September delivery was last trading up 64 cents at $74.58 a barrel. http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7BD46D6FDC%2D3440%2D430F%2DA2EE%2D821E7DC07EE9%7D
 
Hmmmm, NIGERIA!
$74.25 a barrel

07/27/2006 - Updated 12:11 PM ET
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Oil futures climb on Nigerian output cutsU.S. gas supply fall, Middle East woes add support; natural gas rallies
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</IMG>By Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) -- Crude-oil futures climbed Thursday afternoon, with concerns over production outages in Nigeria and a sizable decline in U.S. gasoline supplies taking some of the spotlight off the conflict between Israel and Lebanon.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7BD46D6FDC%2D3440%2D430F%2DA2EE%2D821E7DC07EE9%7D
 
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Venezuela Official: $100 a Barrel Possible
Venezuelan Oil Minister Rafael Ramirez said that oil prices could reach $100 a barrel. In comments to Latin American TV station Telesur aired late Thursday, Ramirez said prices were still relatively lower today in real terms than they were during the oil crisis of the 1970s, but that could change. "The prices we are seeing today are in today's dollars," Ramirez said. "For us to have the same amount of revenues that we had in 1970, '74, you'd have to put the oil price close to $100 a barrel."
http://news.moneycentral.msn.com/provider/providerarticle.asp?Feed=AP&Date=20060728&ID=5868882
 
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