Oil Slick Stuff

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2/22/2009 - Updated 11:53 AM ET
Oil edges lower on OPEC, U.S. GDP
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By Polya Lesova, MarketWatch & Moming Zhou,
MarketWatch

NEW YORK (MarketWatch) -- Oil futures fell on Tuesday, as members of the Organization of the Petroleum Exporting Countries agreed to leave output quotas unchanged and as data showed the U.S. economy grew at a slower pace than anticipated.
Also weighing on crude, the U.S. dollar rose against most of its major rivals. Limiting crude's losses, analysts expect weekly data to show a drop in U.S. crude inventories last week.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BD26A25CC%2D1B9C%2D4ED1%2D82F6%2DA1250E9C1499%7D
 
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12/23/2009 - Updated 4:21 AM ET
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Oil futures gain as API data show falling inventories Traders are awaiting supply data from the Energy Information Administration
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures traded higher on Wednesday, as an industry report showed U.S. petroleum inventories declined last week, buoying hopes that demand will recover.
Crude oil for February delivery gained 26 cents, or 0.3%, to $74.66 a barrel in fairly thin electronic trading on Globex.
Earlier, the contract climbed to an intraday high of $74.84.
http://markets.usatoday.com/custom/...-425D-9955-004FB37E5523}&loc=interstitialskip
 
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:mad:
12/23/2009 - Updated 11:12 AM ET
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Crude tops $76 to three-week high after EIA petroleum data
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By Moming Zhou, MarketWatch & Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures rose Wednesday to above $76 a barrel, climbing to the highest level in nearly three weeks as government data showed a bigger-than-expected drop in U.S. crude inventories as imports declined.
The data also showed declines in gasoline and other petroleum products inventories, but the drop came as refineries reduced their production. http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B579D36DA%2DDA58%2D425D%2D9955%2D004FB37E5523%7D
 
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UPDATE

12/23/2009 - Updated 3:05 PM ET
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Crude tops $76 to three-week high after EIA petroleum data
By Moming Zhou, MarketWatch & Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures rose Wednesday to above $76 a barrel, ending at the highest level in more than three weeks as government data showed a bigger-than-expected drop in U.S. crude inventories as imports declined. [more]
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B579D36DA%2DDA58%2D425D%2D9955%2D004FB37E5523%7D
 
12/24/2009 - Updated 9:43 AM ET
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Oil edges higher in choppy trading, headed for weekly gain
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By Moming Zhou, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures edged higher in choppy Thursday trading, adding to their weekly gains as a better-than-expected report on U.S. jobless claims and a weaker dollar lifted prices.
Limiting crude's gains are concerns that petroleum demand will remain weak.
Crude for February delivery was last up 0.1% at $76.74 a barrel on the New York Mercantile Exchange. It fell as low as $76.17 earlier in the session.
The benchmark contract ended Wednesday's trading at the highest level since Dec. 1. Futures are set to end the week up more than 3%. [more]
http://markets.usatoday.com/custom/...S&guid={B4D8410A-941E-4028-9E93-1AE467405216}
 
I hope everyone has noticed that the price of Oil and Gas are on the rise. Oil is headed for $80 a barrel and the price of Gasoline follows the Price of Oil, Must be the COLD winter conditions and supply, but of course the suppliers know that and love the winter.:mad:
See price Below!
 
Thanks MayDAY
Sad but true, Gas and Oil go up, the Market Goes UP. I thought I saw some indications that this trend was turning around, but alas the Market is disreguarding the fact that cheaper energy is needed for our economy to pull out of this Depression!:cool:
 
nnuut said:
Thanks MayDAY
Sad but true, Gas and Oil go up, the Market Goes UP. I thought I saw some indications that this trend was turning around, but alas the Market is disreguarding the fact that cheaper energy is needed for our economy to pull out of this Depression!:cool:
Click to expand...

At least it's not 140 dollars a barrel.
 
TRUE!!!:o

12/24/2009 - Updated 11:08 AM ET
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Oil rises to add weekly gain on jobless data, weaker dollarNatural gas falls as storage data show smaller-than-expected drop
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By Moming Zhou, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures rose Thursday, moving above $77 a barrel and adding to weekly gains as a better-than-expected report on U.S. jobless claims and a weaker dollar lifted prices.
Nonetheless, energy traders are concerned that petroleum demand will remain weak.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BB4D8410A%2D941E%2D4028%2D9E93%2D1AE467405216%7D
 
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12/24/2009 - Updated 2:26 PM ET
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Oil adds to weekly gains on jobless data, weaker dollarNatural gas falls as storage data show smaller-than-expected drop
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By Moming Zhou, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures rose Thursday, ending above $78 a barrel for the first time in three weeks and adding to weekly gains, as a better-than-expected report on U.S. jobless claims and a weaker dollar lifted prices.
Nonetheless, energy traders are concerned petroleum demand will remain weak. Meanwhile, natural-gas futures erased earlier gains as government data showed a smaller-than-expected drop in weekly U.S. inventories. [more]
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BB4D8410A%2D941E%2D4028%2D9E93%2D1AE467405216%7D&loc=interstitialskip
 
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