Oil Slick Stuff

$77.25 a barrel, I think that over $78 would be bad news for the Market.

08/09/2006 - Updated 12:00 PM ET
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Crude tops $77 after supply dataGasoline stocks fall far more than expected; distillates in surprise decline
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</IMG>By Mark Cotton, MarketWatch
NEW YORK (MarketWatch) -- Crude prices rallied Wednesday after supply data showing an unexpectedly large drawdown in gasoline inventories, in a market that is still trying to assess the impact on supplies of BP's decision to shut down a pipeline transporting crude out of the nation's largest oil field.
Crude for September delivery was up 94 cents at $77.25 a barrel. http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7B9566DDB4%2D1876%2D41C8%2DA4AD%2DFD5ECC6D2789%7D
 
$76.35 a barrel:o

08/09/2006 - Updated 3:42 PM ET
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Crude backs off record highs to end little changedNatural gas ends at one-week high; BP's Prudhoe Bay oil may be back on tap
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</IMG>By Mark Cotton, MarketWatch
NEW YORK (MarketWatch) -- Crude prices backed off record highs to end little changed Wednesday after BP raised hopes of a partial resumption of crude deliveries from its Prudhoe oil field, and as a larger-than-expected decline in gasoline inventories failed to spark a rally in gasoline futures.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7B9566DDB4%2D1876%2D41C8%2DA4AD%2DFD5ECC6D2789%7D
 
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Heck of a way to get the price of Oil down!:mad:
75.33 a barrel
08/10/2006 - Updated 8:48 AM ET
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Oil prices slide on air travel slowdown fearsUK authorities disrupt plot to blow up U.S. bound planes; 21 held in custody
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</IMG>By Mark Cotton, MarketWatch
NEW YORK (MarketWatch) -- Crude-oil prices fell Thursday after U.K. authorities apparently thwarted a plot to blow up as many as six airplanes flying to the U.S., raising concerns of a slowdown in air travel.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7B374DF9CC%2D103C%2D4387%2D92FC%2D4F373299C763%7D
 
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What a way to run a business, raise/lower the price and you still got it!:notrust:
$75.05 a barrel

08/10/2006 - Updated 10:48 AM ET
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Oil prices slide on air travel slowdown fearsUK authorities foil bomb plot; natural gas prices fall after supply data
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</IMG>By Mark Cotton, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil prices fell Thursday on concern demand for jet fuel may decline as people cut back on airline travel after UK authorities foiled a terrorist plot to blow up several planes bound for the U.S.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7B374DF9CC%2D103C%2D4387%2D92FC%2D4F373299C763%7D
 
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This is kinda early, but there is a depression forming in the western half of the Gulf of Mexico....looks like it could be forming over the weekend....
 
Negative On The Depression

Tech, if you are interpreting satellite photos, you need to realize that is an upper-level circulation. Here is a link for you.

http://www.nhc.noaa.gov/text/MIATWOAT.shtml

There is not the slightest possibility of a tropical depression in the gulf over the next 48 hours.

Dave
 
Re: Negative On The Depression

Dave M said:
Tech, if you are interpreting satellite photos, you need to realize that is an upper-level circulation. Here is a link for you.

http://www.nhc.noaa.gov/text/MIATWOAT.shtml

There is not the slightest possibility of a tropical depression in the gulf over the next 48 hours.

Dave

Just following my weather analysis practices Dave.....would you believe me that a few days (3 actually) before Chris booked to the south of Cuba and broke up, I told a fellow office worker it would......they really dropped their jaw.....them mountains on those islands really play havoc with them thar depressions.....gee NOAA still had it going to the WNW to the tip of Florida.....(one day I will tell them my secret....predicted a few well known hurricanes a few days ahead last year also....)

Been an armchair weather man for about 20 years myself....and yeah I know of the site....
 
$74.62 a barrel. UP:o

08/11/2006 - Updated 9:26 AM ET
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Crude prices on the reboundUncertainty over Prudhoe Bay deliveries continues to weigh
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</IMG>By Mark Cotton, MarketWatch
NEW YORK (MarketWatch) -- Crude-oil prices rebounded Friday after ending at their lowest in nearly two weeks in the prior session, as traders weighed demand concerns linked to heightened terrorism fears against an uncertain supply outlook.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7B51A3FD5E%2D2ADF%2D4A2E%2DBA28%2D65B3BC16800A%7D
 
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$73.95 a barrel:o

08/11/2006 - Updated 11:29 AM ET
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Crude prices hug the flat line Traders await BP decision on Prudhoe Bay oil deliveries
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</IMG>By Mark Cotton, MarketWatch
NEW YORK (MarketWatch) -- Crude-oil prices hovered around the flat line Friday as traders weighed demand concerns linked to heightened terrorism fears against an uncertain supply outlook.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7B51A3FD5E%2D2ADF%2D4A2E%2DBA28%2D65B3BC16800A%7D
 
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Some Good News for a change.:D

BP to keep half of Alaska field pumping
Company plans to boost production in western segment by a third to 200,000 bpd while it fixes corroded pipe in east.
August 11 2006: 11:58 PM EDT


WASHINGTON (Reuters) -- BP PLC said Friday it will keep the western half of its Prudhoe Bay oil field online, enabling the company to get the field up to half its prior output despite pipeline corrosion.
BP (Charts) plans to raise production from 150,000 barrels per day to an expected 200,000, half the field's previous capacity, by the end of August, the company said in a statement.
http://money.cnn.com/2006/08/11/news/companies/bc.energy.bp.prudhoe.reut/index.htm?cnn=yes
 
Spaf,
Yes they are, I would think that if this thing is going to help it probably won't effect the prices until Monday or Tuesday. It was announced after close, August 11 2006: 11:58 PM EDT. Just looking for a break, we need one. Monday MAY be it due to Oil and the cease fire, but you never know.:D Good link,thanks!
 
Oil drops 1 pct on Mideast truce, Prudhoe Bay flow
SINGAPORE - Oil prices slumped as much as 1 percent on Monday after BP said it would keep half its Prudhoe Bay oilfield pumping while it carries out pipeline repairs, and after the United Nations brokered a truce in the Middle East. However, losses were limited by ongoing fighting between Israel and Hizbollah and concerns that a lasting cease-fire may prove difficult, keeping dealers on edge over supplies from a region that pumps a third of the world's oil. U.S. light, sweet crude was down 65 cents or 0.87 percent at $73.70 a barrel by 0214 GMT, having fallen as much as 75 cents in electronic trade. London Brent was down 54 cents at $75.09 a barrel. Prices lost 41 cents over last week after a sell-off on news of a foiled aircraft bomb plot, which evoked fears of a cut in air travel and weaker consumer confidence, reversed earlier gains on BP's move to shut North America's biggest oilfield.
http://news.moneycentral.msn.com/provider/providerarticle.asp?Feed=OBR&Date=20060813&ID=5943154
 
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