Oil Slick Stuff

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How about an "Outside-the-Box" thought... Maybe those who previously invested in the profitable oil futures markets are getting burned by the falling oil prices, and are now being forced to dump some US stock to cover their losses. Maybe just a small piece of the falling US market pictures? :confused:
 
Down, Up, Down?
05/18/2006 - Updated 8:04 AM ET
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Crude prices extend declinesConcerns over demand, supply trigger losses
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</IMG>By Tomi Kilgore, MarketWatch
NEW YORK (MarketWatch) -- Crude oil futures extended declines Thursday on concerns that rising inflation, as a result of higher commodities prices, will sap demand.
June crude futures fell 19 cents to $68.50 a barrel in electronic trading.
 
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[FONT=Verdana, Arial, Helvetica, sans-serif, Impact]“Berkshire Hathaway billionaire Warren Buffett's investment company, disclosed stakes in ConocoPhillips, General Electric, and United Parcel Service as part of regulatory filings detailing the company's $45.8 billion stock portfolio.[/FONT]
[FONT=Verdana, Arial, Helvetica, sans-serif, Impact] The documents filed with the Securities and Exchange Commission Monday are the first to mention Berkshire's holdings in ConocoPhillips because Berkshire had sought confidential status for its investment in the company, which was initiated last year.[/FONT]
[FONT=Verdana, Arial, Helvetica, sans-serif, Impact] Berkshire held 9.6 million shares of ConocoPhillips, worth about $559 million, on Dec. 31.[/FONT]
[FONT=Verdana, Arial, Helvetica, sans-serif, Impact] Berkshire nearly doubled that investment by March 31 when it held 17.9 million shares worth about $1.1 billion.”[/FONT]
[FONT=Verdana, Arial, Helvetica, sans-serif, Impact]- USA Today [/FONT]​
 
On the way down.
Oil sinks to six-week low
Fears that rising rates will slow economic growth drive a sell-off in energy, precious metals worldwide.
May 22, 2006: 9:55 AM EDT


LONDON (Reuters) - Oil prices fell to a six-week low Monday as concern that inflation may slow economic growth encouraged selling across commodities markets.
U.S. crude slid 79 cents to $67.74 a barrel in electronic trading after sinking more than $1 in overnight trading to its lowest level since April 10.

http://money.cnn.com/2006/05/22/markets/oil.reut/index.htm?cnn=yes
 
nnuut said:
IS THIS GOOD OR BAD?:confused:
Oil price falls $1 to six-week low
Fears of inflation, economic slowing, drive dip in oil prices.
May 22, 2006: 6:08 AM EDT

LONDON (Reuters) - Oil prices fell $1 on Monday to a six-week low as concern that inflation may slow economic growth encouraged selling across commodities markets.
http://money.cnn.com/2006/05/22/markets/oil.reut/index.htm?cnn=yes
Click to expand...

Here's the deal. Commodities are down because of the dollar bounce. Nothing fundamentally has changed. The black boxes capture the momentum of the moment and the spinmeisters try to extend that momentum for those who are paying their salaries. How will the Media Boyz spin it in a few days when commodities are again heading for the moon? I just hit the mute button and go with the trend.
 
In a report that Congress ordered last summer after price spikes following the hurricanes that struck the Gulf Coast, the Federal Trade Commission said that the sharp jump at the pump was attributable to market forces — namely big drops in supply and production as well as runs on inventories after major damage to refineries, ports and pipelines. The commission found no evidence of price collusion, or improper reductions of inventory or supplies to increase company profits. :notrust:
http://www.nytimes.com/2006/05/22/b...&en=0fb05ad631cd42c6&ei=5094&partner=homepage
 
UP!
Oil back above $70
Predictions of a strong hurricane season, a commodities comeback and talk of production cuts from Venezuela push prices higher.
May 23, 2006: 6:16 AM EDT


SYDNEY (Reuters) - Oil surged above $70 Tuesday as commodities staged a modest recovery from last week's sell-off, Venezuela mooted OPEC oil production cuts and the U.S. government predicted another rough Atlantic hurricane season.
http://money.cnn.com/2006/05/23/markets/oil.reut/index.htm?cnn=yes
 
OPPs. Going down----again.

05/24/2006 - Updated 9:17 AM ET
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Crude sharply lower ahead of supply dataUnleaded gas drops on expectations of fourth-straight weekly supply rise
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</IMG>By Tomi Kilgore, MarketWatch
NEW YORK (MarketWatch) -- Crude oil futures fell by more than $1 in early trading Wednesday, following the previous session's sharp gains, as traders adjusted positions ahead of weekly inventory data.
Crude oil for July delivery was last down 99 cents at $70.77 a barrel, but had been down as much as $1.23 earlier in the session.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7BDF199BC8%2D5666%2D4645%2D98DC%2D3BE9B1179A56%7D
 
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Here we go again.

05/24/2006 - Updated 11:27 AM ET
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Gasoline falls on fourth-weekly rise in fuel supplyOil prices cut losses, but remain lower despite supply fall; natural gas drops
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</IMG>By Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) -- Crude-oil prices cut their losses Wednesday but remained lower along with gasoline futures after a government report showed that crude supplies fell last week, but gasoline inventories tallied a four-week gain of almost 8 million barrels.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7BDF199BC8%2D5666%2D4645%2D98DC%2D3BE9B1179A56%7D
 
UP? Make up my mind!!
05/25/2006 - Updated 8:00 AM ET
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Crude bounces back above $70
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</IMG>By Tomi Kilgore, MarketWatch
NEW YORK (MarketWatch) -- Crude oil futures bounced slightly to trade above $70 a barrel Thursday ahead of an expected upward revision to U.S. economic growth.
Crude oil for July delivery tacked on 22 cents to $70.08 in electronic trading, but pared earlier gains to a high of $70.44.
 
Well, now we are UP for the week. Hope it doesn't mess with the rally!!:nuts:
05/25/2006 - Updated 3:38 PM ET
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Crude futures climb 2% to end back above $71Natural gas holds near $6 with supply rise below some estimates
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</IMG>By Myra P. Saefong, MarketWatchSAN FRANCISCO (MarketWatch) -- Crude-oil futures climbed 2% Thursday to regain much of what they lost in the previous session, as a smaller-than-expected upward revision to first-quarter gross domestic product eased concern that the Federal Reserve will have to raise interest rates to slow economic growth -- a move that would weaken energy demand.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7B8EC863CB%2D75C4%2D411F%2DB234%2D576692954940%7D
 
Better?
05/26/2006 - Updated 8:56 AM ET
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Crude pulls back after key inflation dataNatural-gas futures stay below $6 MBtus
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</IMG>By Tomi Kilgore, MarketWatch
NEW YORK (MarketWatch) -- Crude-oil futures erased early gains to turn lower on Friday, after data showing that personal income gains in April were wiped out by inflation.
Crude for July delivery was down 15 cents at $71.17 a barrel in electronic trading, after posting gains of as much as 38 cents ahead of the data.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7BC086B4CB%2D8229%2D4743%2DB01D%2D5FF552617E63%7D
 
We may be at the point where Oil prices start effecting the markets. Don't like being caught in an OIL SLICK!:mad:

05/26/2006 - Updated 12:16 PM ET
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Oil futures rise, ready for a $2 gain on the week Natural-gas futures stay below $6 million British thermal units
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</IMG>By Myra P. Saefong, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures climbed Friday, ready to end with week more than $2 a barrel higher as traders continued to digest the latest U.S. petroleum inventory and economic data for hints on the future state of supply and demand.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7BC086B4CB%2D8229%2D4743%2DB01D%2D5FF552617E63%7D
 
Memorial Day weekend.
nnuut said:
We may be at the point where Oil prices start effecting the markets. Don't like being caught in an OIL SLICK!:mad:

05/26/2006 - Updated 12:16 PM ET
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Oil futures rise, ready for a $2 gain on the week Natural-gas futures stay below $6 million British thermal units
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</IMG>By Myra P. Saefong, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures climbed Friday, ready to end with week more than $2 a barrel higher as traders continued to digest the latest U.S. petroleum inventory and economic data for hints on the future state of supply and demand.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7BC086B4CB%2D8229%2D4743%2DB01D%2D5FF552617E63%7D
Click to expand...
 
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