Oil Slick Stuff

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Oil near 8-week low as OPEC cuts demand forecast
Fall in U.S. crude, gasoline supply fails to add support; natural gas retreats. Crude-oil futures fell under $72 a barrel Wednesday to close at their weakest level since late June with key oil producers predicting a smaller rise in oil demand for this year and some traders disappointed that U.S. crude supplies didn't see a bigger decline on the heels of reduced output from the Prudhoe Bay oil field in Alaska.
http://www.marketwatch.com/News/Story/CxDtf0HXSWJfSSNmSxSKVK5?siteid=yhoo&dist=TNMostRead
 
Good job FT beat me to it!:D Here's an update.
$70.87 a Barrel :D

Oil falls below $71 on flush U.S. inventory
Maintenance of Israel-Hezbollah cease-fire and minimal disruption from BP shutdown seen pushing prices down.
August 17 2006: 6:23 AM EDT


LONDON (Reuters) -- Oil fell about a dollar a barrel early Thursday, to its lowest price in nearly two months, after ample U.S. fuel stockpiles eased investor fears of supply shortages as the summer driving season draws to a close.
Although prices have fallen for four consecutive sessions, the market is still up 14 percent this year on healthy global demand, geopolitical tensions and supply disruptions in key oil-producing countries.


U.S. light, sweet crude for September delivery dropped $1.02 to $70.87 a barrel by 6 a.m. ET, its lowest since June 26. London Brent fell $1.09 to $71.74 a barrel.

http://money.cnn.com/2006/08/17/markets/bc.markets.oil.update.reut/index.htm?cnn=yes
 
Dear Constable Nnuut:

U seem to have Krude in the can! Please make sure U keep the lid on that sucker! He is a painful horseman. I stopped by the gas shack to let my Ram get a drink and Krude's horse Fill-er-up bit me. It's hard to work the keyboard standing up all the time.

Respectfully,
Sp_f
 
Prices prompt oil, gas investment scams
With oil prices exceeding $70 a barrel, investors looking to make a quick buck are losing millions of dollars to sham oil and gas investments. Typically, these deals involve scamsters who assure investors they can profit from high energy prices by investing in oil wells, for example, or alternative energy sources. State and federal regulators say that while some such investments are legitimate, others are mostly lures used by fraudsters to rip people off.
http://www.usatoday.com/money/industries/energy/2006-08-17-oil-gas-scams-usat_x.htm
 
Spaf said:
Dear Constable Nnuut:

U seem to have Krude in the can! Please make sure U keep the lid on that sucker! He is a painful horseman. I stopped by the gas shack to let my Ram get a drink and Krude's horse Fill-er-up bit me. It's hard to work the keyboard standing up all the time.

Respectfully,
Sp_f
Click to expand...

As cheap as it is now it's hard to keep The Boys from stealing it!:mad:
$70.75 a barrel. I don't talk about Gas and natural Gas much. Crude gives me a good idea of the status of fuels, so make it simple.

08/17/2006 - Updated 10:50 AM

ET
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Crude extends slide as data ease supply worryNatural-gas futures drop to a three-week low on rise in U.S. supply
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</IMG>By Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) --

Crude-oil futures fell under $71 a barrel Thursday to trade at a two-month low, supported by continued output from the Prudhoe Bay oil field in Alaska despite major repairs and easing concerns over violence in the Middle East.
At the same time, natural-gas futures dropped more than 4% to their weakest level since late June on a slightly bigger-than-expected rise in U.S. inventories.
http://markets.usatoday.com/custom/...s&guid={5C069EE6-0DEC-4675-9B4A-99A2A5368736}
 
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It's always something. :mad:
$70.76 a barrel

Oil rises on Iran nuclear concerns
Crude recovers to near $71 after Thursday's 2.5% drop.
August 18 2006: 6:14 AM EDT

SINGAPORE (Reuters) -- Oil rebounded early Friday as worries over Iran's nuclear row with the West resurfaced, after prices slumped to the lowest level in nearly two months on healthy fuel stocks in top consumer the United States.
U.S. light, sweet crude for September delivery rose 70 cents at $70.76 a barrel by 6:11 a.m. ET, after sliding $1.83, or 2.5 percent, Thursday to its lowest since late June. London Brent was up 52 cents to $72.10 a barrel, after a $1.50 slide.

http://money.cnn.com/2006/08/18/markets/bc.markets.oil.reut/index.htm
 
Talk to me Baby, talk to me!!:D

Pumping the fear factor out of oil
As more production comes online over the next few years, prices may ease by as much as $20 a barrel.
By Steve Hargreaves, CNNMoney.com staff writer
August 18 2006: 11:10 AM EDT

NEW YORK (CNNMoney.com) -- This morning oil dipped below $70 a barrel for the first time since late June -- and prices may ease even further. Indeed, some analysts say that in two years, oil could be trading $20 lower than that.

http://money.cnn.com/2006/08/18/news/economy/oil_fear/index.htm?cnn=yes
 
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Our FRIENDS in Iran are back at it again!:mad:
$71.94 a barrel:nuts:

08/21/2006 - Updated 8:01 AM ET
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Crude gains as Iran defies U.N. demands
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</IMG>By Ciara Linnane, MarketWatch
NEW YORK (MarketWatch) -- Crude-oil futures rose early Monday, extending prior-session gains after Iran vowed not to submit to United Nations demands that it stop enriching uranium, reigniting concerns about prospects for supply disruptions tied to the world's No. 4 oil producer.
Crude for September delivery was last up 80 cents, or 1.1%, at $71.94 a barrel in electronic trading. http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7B1684FFC4%2DDF16%2D444C%2DB2C8%2D4AF13499A86D%7D
 
I usually don't track Gasoline, but what the hay!
Average $2.92 a gallon, Don't get used to it, OK?:nuts:

WASHINGTON (Aug. 21) - The average U.S. retail price of gasoline fell by more than 7 cents last week to $2.92 a gallon.
The federal Energy Information Administration said Monday that U.S. motorists paid $2.924 a gallon on average for regular grade last week, a decrease of 7.6 cents from the previous week. Pump prices are 31.2 cents higher than a year ago.
http://articles.news.aol.com/business/_a/gasoline-prices-drop-to-292-a-gallon/20060821164009990003?cid=403
 
Oil Slick Time!:mad:
$72.55 a barrel

08/22/2006 - Updated 6:36 AM ET
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Crude edges higher as Iran tensions rise:nuts:
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By Sarah Turner, MarketWatch

LONDON (MarketWatch) -- Oil prices tilted slightly higher Tuesday, as the energy market kept an eye out for developments tied to Iran's controversial nuclear-research program.
The September front-dated light sweet crude contract added 10 cents to stand at $72.55 a barrel in electronic trading.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7B8E52A563%2D5119%2D44E2%2D89A3%2DBA2829BC8138%7D
 
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