Oil Slick Stuff

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$70.45 a barrel :D

08/28/2006 - Updated 12:48 PM ET
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Energy prices drop as Ernesto weakensCrude taps two-month low; natural gas loses as much as 10%
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</IMG>By Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) -- Crude-oil futures tumbled to a more than two-month low Monday and natural-gas futures dropped as much as 10% as Tropical Storm Ernesto weakened.

http://markets.usatoday.com/custom/...s&guid={75030281-E379-4F71-AADB-D834582DFDAB}
 
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$70.01 a barrel:o

08/30/2006 - Updated 7:45 AM ET
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Crude retakes $70 level as traders await data
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</IMG>By Ciara Linnane, MarketWatch
NEW YORK (MarketWatch) -- After closing at an almost five-month low on Tuesday, crude futures retook the psychologically key $70 a barrel level early Wednesday as traders awaited weekly data on U.S. supplies of petroleum products, expected to show a decline in crude inventories in the latest week.

http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7B48F26E5B%2D0A54%2D4AE1%2DB569%2D0CB2848FDD02%7D
 
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$69.55 a barrel:D

08/30/2006 - Updated 10:29 AM ET
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Crude futures inch lower as traders await data
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</IMG>By Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) -- Crude futures inched lower Wednesday morning after closing out the previous session near a five-month low as traders awaited weekly data on U.S. supplies of petroleum products, expected to show a decline in crude inventories in the latest week.
'In addition to the storm-induced selling of the past few days, we think commodity markets in general are showing increasing concern about a leveling off in U.S. economic growth rates.'
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7B48F26E5B%2D0A54%2D4AE1%2DB569%2D0CB2848FDD02%7D
 
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I've got MY fingers crossed!:D At a low of about $2.68 around Boiled Peanut.

Gas may be headed back near $2
Industry analyst sees prices between $2 and $2.50 by Thanksgiving.
August 30 2006: 11:00 AM EDT


NEW YORK (CNNMoney) -- The recent drop in prices at the pump could pick up steam, driving gasoline sharply lower in coming months.
"I'd say $2 to $2.50," said Tom Kloza, chief oil analyst at the Oil Price Information Service. "Once you get past Sept. 15, it's really a downhill game."
http://money.cnn.com/2006/08/30/news/economy/gas_prices/index.htm?cnn=yes
 
$70.60 a barrel, IRAN :nuts:

Oil rises as Iran poised for defiance
Tehran voices resistance to international pressure; U.N. to meet later Thursday.
August 31 2006: 6:24 AM EDT


LONDON (Reuters) -- Oil prices edged higher Thursday as Iran looked set to defy the United Nations' deadline for halting nuclear enrichment, raising the risk of sanctions against the world's fourth-biggest crude exporter.
U.S. oil for October delivery climbed 57 cents to $70.60 a barrel in electronic trading after bouncing from a 10-week low $68.65 a barrel on Wednesday, shaking off an unexpected rise in gasoline and crude stocks.
http://money.cnn.com/2006/08/31/markets/oil.reut/index.htm?cnn=yes
 
$69.95 a barrel, AND stay down there!!!!!:nuts:

08/31/2006 - Updated 11:11 AM ET
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Crude futures slip, but hold near $70Traders weigh ample U.S. supply against risk to those supplies
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</IMG>By Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) -- Crude-oil futures edged lower Thursday morning, headed for a loss of more than 7% for the month after a weekly report showed ample U.S. petroleum supplies, but prices remained close to $70 as Iran remained defiant in the face of a United Nations deadline demanding that it stop enriching uranium for its nuclear program.
http://markets.usatoday.com/custom/...s&guid={ED50C17E-4BC0-4760-9898-9A0314DEB479}
 
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$70.26 a barrel:notrust:

08/31/2006 - Updated 3:40 PM ET
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Crude, natural-gas futures register monthly lossesTraders deem U.S. supply as ample, but Iran concerns provide oil support
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</IMG>By Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) -- Crude-oil futures ended modestly higher Thursday, as the nuclear standoff between Iran and western nations intensified with Tehran's refusal to stop enriching uranium for its nuclear program, but prices posted a loss of more than 7% for the month after a weekly report showed ample U.S. petroleum supplies.
http://markets.usatoday.com/custom/...s&guid={ED50C17E-4BC0-4760-9898-9A0314DEB479}
 
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$70.44 a barrel. :notrust: OK barrels, lets get down below $70, NOW!:nuts:

09/01/2006 - Updated 8:12 AM ET
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Crude prices extend bounceNatural gas lower again, hits 20-month low
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</IMG>By Tomi Kilgore, MarketWatch
NEW YORK (MarketWatch) -- Crude oil futures edged higher early Friday, extending their bounce to a third session, as traders focused on uncertainty in Iran and the weather and played down rising supplies.
://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7B7DBAC638%2D3338%2D49F9%2D99E0%2D1090C0CD92E1%7D
 
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Gasoline is trending down (that's Regular UL) in Boiled Peanut Ga., saw one station at $2.47 a Gallon last night, almost stopped and filled her up, but I think it will go lower. :D

$2.47 here, anyone see lower? :confused:
 
Which way will gas prices go? Nobody knows?:confused:


AP
Experts: Big Drop in Gas Prices Unlikely
Friday September 1, 3:32 pm ET
By Brad Foss, AP Business Writer

Analysts Say Chances of Major Drop in Gasoline Prices Happening Anytime Soon Is Unlikely
As gasoline climbed past $3 a gallon this summer, Juan Martinez of Takoma Park, Md., topped off his tank $10 or $15 at a time to prevent his wallet from hitting empty. Now that pump prices are falling, the strategy is really paying off.
Each trip to the gas station in recent weeks has been more of a bargain than the last, though "bargain" is not a word the 22-year-old government employee and part-time student would use to describe $2.74 a gallon.
"It's basically the same as $3," he said. "If it was lowered to $2, that would be a lot better for me."

http://biz.yahoo.com/ap/060901/gasoline_prices.html?.v=6
 
Oil prices looking better for the coming week!:D Hummmmmmmm?

Oil: Price falls to below US$68 as tension over Iran ebbs
NZ Herald By Barbara Lewis

LONDON - Oil fell more than a dollar to less than US$68 a barrel on Monday, pulled lower by expectations that any sanctions against oil producer Iran were some way off and would not necessarily disrupt export flows. US light sweet crude was down US$1.17 to US$68.02 a barrel by 1731 GMT (5.31am NZT), just off a session low of US$67.77. London Brent crude settled at US$67.71, US$1.44 a barrel below Friday's close. Its session low was US$67.59, the lowest level since June 21. Trading volumes were light as the New York Mercantile Exchange pit...

http://article.wn.com/view/2006/09/04/Oil_Price_falls_to_below_US68_as_tension_over_Iran_ebbs/
 
$68.53 a barrel. Looking better, but new storm brewing.:o

09/05/2006 - Updated 7:53 AM ET
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Crude falls as Iran, weather worries ease
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</IMG>By Ciara Linnane, MarketWatch
NEW YORK (MarketWatch) -- Crude futures fell early Tuesday as traders continued to unwind part of the terror premium built into prices on concerns about Iran's nuclear program and the weather premium stemming from hurricane fears.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7B714BBDFB%2D456C%2D4A84%2DAD84%2D5517CA30451B%7D
 
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