Oil Slick Stuff

Sort by newest Sort by date
Oil falls from eight-month highs


_45925334_andrew_production_platform_2400x1800-1.jpg
Oil prices have doubled this year

Oil prices fell on Monday, extending their losses sustained since reaching Thursday's eight-month high of $72.68. By late-morning trading in London, US crude was trading at $71.07 a barrel, more than a dollar down on the day.
Brent crude for delivery in July, a futures contract that is due to expire later on Monday, was trading at $71.09, down 71 cents on the day.
Oil prices have doubled since the start of the year amid hopes that an economic recovery could boost demand.
http://news.bbc.co.uk/2/hi/business/8100513.stm
 
Last edited:
Buster said:
7-11, corner of SW104th and Penn..I don't use their gas..I just use their prices posted as a gauge to what's happening..and of course Wal-Mart down the street on Western is .03 cheaper yet...
glasses1.gif
Click to expand...
man i dont like 7/11 gas dawg gone ethynal burns way to fast in my heep , i will go ahead and pay the piper in advance and get a little better gas milage:blink:
 
kar crazy said:
man i dont like 7/11 gas dawg gone ethynal burns way to fast in my heep , i will go ahead and pay the piper in advance and get a little better gas milage:blink:
Click to expand...
I agree with you on that one...But surprising as it seems, 2/3s of the 7-11s around me are pure gas..go figure...I only use Conoco for my Hummer and Shell for my Jag..:suspicious:
 
Oil rallies to $72 as dollar weakens

The greenback lost ground after the Russian president calls for 'creating new reserve currencies.' Oil market waits for supply reports.

June 16, 2009: 6:49 AM ET

Click on the chart to see other commodity prices.

Why electric cars have stalled
Facing technical challenges and a weak market, many of Silicon Valley's electric-car startups are changing direction.

LONDON (Reuters) -- Oil rose to $72 a barrel on Tuesday as the dollar slid after Russia said the world needed new reserve currencies, while stock market declines weighed on sentiment for economic recovery.
Speaking at a regional security summit in Siberia, Russian President Dmitry Medvedev called for "creating new reserve currencies" a day after Russia's finance minister said the dollar was unlikely to lose its key status in the near term.
http://money.cnn.com/2009/06/16/markets/oil.reut/index.htm?postversion=2009061606
 
Last edited:
And Who do we thank?:suspicious:

Why oil is on the rise again

Prices have doubled since February, but that's probably not the end of it. Asia's recovery is igniting demand.

By Brian O'Keefe, senior editor
June 16, 2009: 10:40 AM ET

(Fortune) -- Ask a group of oil analysts about the recent surge in crude costs and here's the consensus answer you'll get: Prices have run up too far, too fast and they aren't supported by the fundamentals.

Ask them about where prices will be two years from now, however, and the majority will offer this prediction: A lot higher.
"We're concerned about oil prices rising so rapidly in the near-term," says Hussein Allidina, head of commodities research at Morgan Stanley. "But the bet in the long-term is one way, and that's just up."
http://money.cnn.com/2009/06/16/new...gain.fortune/index.htm?postversion=2009061610
 
Last edited:
Yeah RIGHT, I want to see this act of slight of hand!!:cool:

Obama vs. the oil bubble

A financial regulatory overhaul could reduce huge swings in the price of crude oil and gasoline.

By Colin Barr, senior writer
June 16, 2009: 5:51 PM ET


obama_090601.03.jpg
How hard will President Obama's administration push to change energy derivatives markets?
oil_mkw.gif
Crude prices have bounced off their lows, reviving last year's bubble talk.

NEW YORK (Fortune) -- Can reinvigorated financial watchdogs take a bite out of surging oil prices?
President Obama is scheduled to outline a regulatory reform program Wednesday that will, among other things, call for strong federal oversight of derivatives -- side bets on changes in asset values or interest rates.
http://money.cnn.com/2009/06/16/news/derivatives.oil.fortune/index.htm?postversion=2009061617
 
Last edited:
nnuut said:
Yeah RIGHT, I want to see this act of slight of hand!!:cool:

Obama vs. the oil bubble

A financial regulatory overhaul could reduce huge swings in the price of crude oil and gasoline.

By Colin Barr, senior writer
June 16, 2009: 5:51 PM ET
Click to expand...
Don't shoot it down with skeptisim right off the bat for crying out loud..at least this is finally being addressed...Granted, not holding my breath, but what the hell, it's better than playing pussy foot with a crazy health care package that is doomed from the beginning.
 
If we can get oil to settle below $68 today, we might start heading down a bit... but that would probably not bode well for the market, either. Sort of the old "rock and a hard place" deal, huh?
 
Oil Falls Toward $69 After Mixed Supply Data
By: Reuters | 17 Jun 2009 | 10:35 AM ET

The price of a barrel of oil fell toward $69 Wednesday following official government data that showed a wider-than-expected fall in crude stockpiles last week, but a surprise gain in gasoline supply.
oil_new_8.jpg

U.S. light, sweet crude [US@CL.1 69.67 -0.80 (-1.14%)] for July fell.
London Brent crude [GB@IB.1 69.6 -0.64 (-0.91%)] for August also slipped.
US commercial crude oil inventories fell 3.9 million barrels for the week ended June 12, compared to the previous week, according to the Energy Information Administration. That's wider than the 1.7-million-barrel draw expected by analysts surveyed by Reuters.
Total motor gasoline inventories rose 3.4 million barrels, compared to the 0.1-million-barrel fall expected by analysts. And distillate fuel inventories rose 0.3 million barrels, while analysts had expected an increase of 0.8 million barrels.

http://www.cnbc.com/id/31394818
 
Last edited:
Rising gas prices hit drivers nationwide

Consumers get squeezed as pump prices rise for 50 days in a row. Prices now average at least $2.50 a gallon in 49 states.

By Ben Rooney, CNNMoney.com staff writer
June 17, 2009: 1:59 PM ET

chart_gas_prices268.03.gif

Gasoline prices and taxes by state


Prices at the pump can vary widely among states, due in large part to vastly different levels of gasoline tax. More

NEW YORK (CNNMoney.com) -- Gas prices have risen for 50 days in a row and the pain at the pump is taking a toll on household budgets across the nation.
Nationwide, gas prices now average $2.679, motorist group AAA said Wednesday. Prices have risen every day since April 29, when the national average stood at $2.05 a gallon.
http://money.cnn.com/2009/06/17/news/economy/gas_prices/index.htm?postversion=2009061713
 
Last edited:
Oil rises on recovery hopes

Positive U.S. data and halted production in Nigeria boost prices.

Last Updated: June 18, 2009: 2:59 PM ET


Click on the chart to see other commodity prices.


Why electric cars have stalled
Facing technical challenges and a weak market, many of Silicon Valley's electric-car startups are changing direction.

NEW YORK (Reuters) -- Oil rose Thursday as data raised hopes of an economic turnaround and disruptions from OPEC member Nigeria stirred supply concerns.
The reading on the Philadelphia Federal Reserve business activity index was the highest since September 2008 while the Conference Board's forward-looking measure of the U.S. economy posted its biggest increase in five years in May.
The reports helped lift U.S. crude up 34 cents to settle at $71.37 a barrel Thursday.
http://money.cnn.com/2009/06/18/markets/oil.reut/index.htm?postversion=2009061814
 
Last edited:
Take a break: Gas prices break 54-day run up

The pain at the pump eases ever so slightly as gas prices fall three-tenths of a cent.

By Catherine Clifford, CNNMoney.com staff writer
Last Updated: June 22, 2009: 7:35 AM ET


Gasoline prices and taxes by state


Prices at the pump can vary widely among states, due in large part to vastly different levels of gasoline tax. More

NEW YORK (CNNMoney.com) -- The price of a gallon of gas dipped Monday, snapping a 54-day run-up.
Nationwide, the average price for a gallon of regular unleaded gasoline edged down to $2.69, shaving just three-tenths of a cent from the previous day's average of $2.693, according to motorist group AAA.
http://money.cnn.com/2009/06/22/markets/gas_prices/index.htm?postversion=2009062207
Oil falls below $69

Stronger dollar and weaker Eurpean markets pushed crude prices back near $68 a barrel.

http://money.cnn.com/2009/06/22/markets/oil_prices.reut/index.htm?postversion=2009062207
 
Last edited:
You must log in or register to reply here.
Back
Top