Oil Slick Stuff

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It appears that oil inventories are less than expected, will get the numbers when I can find them.:confused:

Oil Rises Toward $56 on Gasoline Draw, Econ Hopes
By: Reuters | 06 May 2009 | 11:08 AM ET

U.S. crude oil futures extended gains on Wednesday and were up more than $2 to hit a fresh intraday high for this year, as government inventory data showed gasoline stocks fell last week, against forecasts for an increase.

That overshadowed a build in crude stocks for the ninth consecutive week. Traders were also reacting to an earlier report of a slower pace of job losses in the private sector, which fanned economic recovery hopes.
oil_new_8.jpg

http://www.cnbc.com/id/30588144
 
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nnuut said:
It appears that oil inventories are less than expected, will get the numbers when I can find them.:confused:

Oil Rises Toward $56 on Gasoline Draw, Econ Hopes
By: Reuters | 06 May 2009 | 11:08 AM ET

U.S. crude oil futures extended gains on Wednesday and were up more than $2 to hit a fresh intraday high for this year, as government inventory data showed gasoline stocks fell last week, against forecasts for an increase.
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Yeah sure...If I don't count a few storage tanks and conviently ignore the full Tankers anchored offshore..yepper, there is less than expected...what a bunch of crap..:mad:
 
Inventories rise "Less than Expected":suspicious:

05/06/2009 - Updated 11:28 AM ET

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Crude tops $55 as inventories rise less than expected
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By Moming Zhou, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures rose above $55 a barrel Wednesday after government data showed U.S. crude inventories rose less than expected while gasoline inventories decreased.
Crude inventories increased by 600,000 barrels in the week ended May 1, the Energy Information Administration reported. Gasoline inventories fell by 200,000 barrels.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BDDDB95D5%2DE5D8%2D4B3E%2D97EF%2D815CE70F8958%7D
 
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Oil prices jump to high for the year

Crude prices surge as EIA reports lower-than-expected jump in crude storage levels

  • Dirk Lammers, AP Energy Writer
  • On Wednesday May 6, 2009, 1:39 pm EDT
SIOUX FALLS, South Dakota (AP) -- Oil prices surged to a 2009 high Wednesday after a government report showed that unused crude being placed in storage slowed a bit last week.

Benchmark crude for June delivery rose $1.94 to $55.78 on the New York Mercantile Exchange, levels not seen since November. Prices reached as high as $56.47 per barrel.
Demand for energy because of the recession has been decimated, leaving storage facilities more bloated than in any year since Iraq's invasion of Kuwait in 1990.
http://finance.yahoo.com/news/Oil-p...152762.html?sec=topStories&pos=6&asset=&ccode=
 
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Oil up another buck and half overnight, now over $57

Looks like higher gasoline prices on the way.

Time to break the habit.
 
Look at my signature Folks, they are doing it to us again. ZOOM up she goes for no real reason, inflation will eat us up before it's over. Does anyone remember
DRILL DRILL DRILL? Until we can really use alternative forms of energy.
Obama has stopped that, now we start to pay the price.

CRUDE $58.01 this morning!
 
Oil dropping off really quickly this afternoon, dropped $2 sense 12:00 noon, What's up?:confused:


Oil climbs on signs of economic stability

Futures rise even as stock rally fades. Investors bet the world's largest consumer of crude is inching towards a recovery.

By Ben Rooney, CNNMoney.com staff writer
Last Updated: May 7, 2009: 1:23 PM ET


Click the chart for current oil prices.



NEW YORK (CNNMoney.com) -- Oil prices rose Thursday as signs that the U.S. economy is improving raised bets that demand will recover from the world's largest consumer of crude.
Light, sweet crude for June delivery rose $1.16 at $57.50 a barrel after rising to an intraday high of $58.40.
Oil managed to hold its gains despite a selloff in the stock market. Oil prices have tended to rise and fall with the major indexes as traders view stocks as a barometer of future energy demand.
[more]
http://money.cnn.com/2009/05/07/markets/oil/index.htm?postversion=2009050713
 
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Alright..enough is enough..Gas went up another GD .10 again overnight!!!....This ain't even funny anymore, this is down right highway robbery...:mad::mad::mad:
 
Buster said:
Alright..enough is enough..Gas went up another GD .10 again overnight!!!....This ain't even funny anymore, this is down right highway robbery...:mad::mad::mad:
Click to expand...

Gumby said:
Ahh, nothing like morning wood to get a day started.:)
Click to expand...

That Wood be Up, Up and away, this morning.
I guess we have no control of how the CROOKS and Crooked Politicians handle this Global Energy Ripoff, but it makes me feel helpless.gusher1.gif
 
Crude futures rise, unmoved by U.S. jobs data
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By Nick Godt, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil prices continued their weekly rally on Friday, with a barrel rising nearly 10% to top the $58 mark, as a better-than-expected U.S. jobs report cemented recent optimism about a global economic recovery and rising prospects for oil demand.
"Oil prices continue to rise as demand optimism returns and stock markets continue to rally," analysts at Action Economics said in a note.
Crude for June delivery recently gained $1.59, or 2.7%, to stand at $58.25 a barrel.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BAB07B838%2D6349%2D4BCA%2D9751%2DCBFB6672DA74%7D
 
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Buster said:
Alright..enough is enough..Gas went up another GD .10 again overnight!!!....This ain't even funny anymore, this is down right highway robbery...:mad::mad::mad:
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Another reason to go "FLEX-FUEL" capable.

Don't let them hold you "over a barrel".

When you are flex-fuel- you get a choice. gasoline OR ethanol.

By the way- E85 hasn't changed in price in last two weeks- it's still $1.81 near me. Much better deal than the $2.29 they are getting for that FOREIGN FUEL.
 
Buster said:
Alright..enough is enough..Gas went up another GD .10 again overnight!!!....This ain't even funny anymore, this is down right highway robbery...:mad::mad::mad:
Click to expand...

Here in my part of New Mexico, gas has gone up twice in the last week for a total of a .35 cent increase.

I've yet to figure out why? :(
 
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