Oil Slick Stuff

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03/08/2010 - Updated 3:31 PM ET
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Oil rises slightly with gains capped by dollar
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By Nick Godt, MarketWatch & Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Crude oil futures ended with modest gains Monday, though well off earlier highs above $82 a barrel, with the advance helped by optimism over the global economy.
Crude oil for April delivery finished up 37 cents, or 0.4%, at $81.87 a barrel at the New York Mercantile Exchange.
http://markets.usatoday.com/custom/...S&guid={F34801B3-2106-4960-9658-AAFA69B6E389}
 
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03/09/2010 - Updated 6:42 AM ET
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Oil futures drop below $81/bbl on expected rise in supplies American Petroleum Institute will report weekly inventory data on Tuesday
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures dropped nearly 2% on Tuesday to trade below $81 a barrel, pressured by the U.S. dollar's strength and expectations of a rise in crude-oil inventories.
Crude oil for April delivery fell $1.33, or 1.7%, to $80.54 a barrel in electronic trading on Globex.
The contract hit an intraday low of $80.35 a barrel.
http://markets.usatoday.com/custom/...S&guid={B48C6836-0E17-4C90-BE68-815D57D6973B}
 
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Energy Dept. still sees $3-plus gasoline coming

Energy Department holds to pump prices above $3 for spring and summer driving seasons

On Tuesday March 9, 2010, 1:03 pm EST
NEW YORK (AP) -- The Energy Department on Tuesday said it still expects pump prices to climb past $3 per gallon as more motorists hit the road in the spring and summer driving seasons.
http://finance.yahoo.com/news/Energ...13.html?x=0&sec=topStories&pos=2&asset=&ccode=
 
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03/10/2010 - Updated 7:43 AM ET
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Oil futures edge higher as OPEC hikes demand forecast Energy Information Administration is due to report inventory data this morning
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Crude futures gained on Wednesday, getting a boost after OPEC raised its forecast for global oil demand and China reported strong trade data.
Crude oil for April delivery rose 36 cents to $81.85 a barrel in electronic trading on Globex.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BD19CF347%2D9000%2D4832%2D8C36%2D462F2A48DB02%7D
 
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Market Update

11:00 am : Stocks have made their way higher, but the move has been choppy. Financials continue to underpin the gains; the sector is now up 1.6%, double the gain of the next best performing sectors.
Next in terms of gains is the energy sector. It has made its way to a 0.8% gain as oil prices bounce to a 1.7% gain at $82.85 per barrel in the wake of a smaller-than-expected weekly inventory build. Oil and gas refiners (+2.7%) are the best performers in the sector this session; with a 16% year-to-date gain, they are also the sector's best.
http://finance.yahoo.com/marketupdate/overview?u
 
03/10/2010 - Updated 11:36 AM ET
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Oil rises on supplies data; OPEC lifts demand forecastEnergy Information Administration reports big drop in gasoline supplies
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By Nick Godt, MarketWatch & Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures jumped on Wednesday, briefly topping $83 a barrel, as traders cheered news of a smaller-than-expected increase in U.S. crude supplies and a big drop in gasoline supplies.
Crude also benefited from a strong economic report from China as well as higher forecasts for oil demand from both the Organization of the http://markets.usatoday.com/custom/...S&guid={D19CF347-9000-4832-8C36-462F2A48DB02}
 
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Take that Auggmentaldamninjohn, make your own!!:laugh:
Royal Dutch Shell halts gasoline sales to Iran

By Julianne Pepitone, staff reporterMarch 10, 2010: 2:42 PM ET

NEW YORK (CNNMoney.com) -- Royal Dutch Shell has stopped selling gasoline to Iran, the company confirmed Wednesday, adding to a list of oil giants that have stopped sales after a threat of future U.S. sanctions.
Royal Dutch Shell (RDS) said it had no official announcement beyond the confirmation, but according to someone with knowledge of the situation the company ceased gas sales to Iran sometime in 2009. [more]
http://money.cnn.com/2010/03/10/news/companies/shell_gas_iran/index.htm
 
nnuut said:
Take that Auggmentaldamninjohn, make your own!!:laugh:
Royal Dutch Shell halts gasoline sales to Iran

By Julianne Pepitone, staff reporterMarch 10, 2010: 2:42 PM ET

NEW YORK (CNNMoney.com) -- Royal Dutch Shell has stopped selling gasoline to Iran, the company confirmed Wednesday, adding to a list of oil giants that have stopped sales after a threat of future U.S. sanctions.
Royal Dutch Shell (RDS) said it had no official announcement beyond the confirmation, but according to someone with knowledge of the situation the company ceased gas sales to Iran sometime in 2009. [more]
http://money.cnn.com/2010/03/10/news/companies/shell_gas_iran/index.htm
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That's why he's building his nuclear reactors. He's listening to Al Gore and going green.:nuts:
 
It looks like with all of that money from Oil they could build a refinery or two? That way they wouldn't get in so much trouble. Not much green over there the only thing that is controlled is FREEDOM!:nuts:
 
nnuut said:
It looks like with all of that money from Oil they could build a refinery or two? That way they wouldn't get in so much trouble. Not much green over there the only thing that is controlled is FREEDOM!:nuts:
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Seems like it would be easier to get the plans to build a refinery than it would be to build a nuclear reactor, but what do I know! I've never ruled a country before.
 
03/11/2010 - Updated 9:26 AM ET
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Crude oil drop as China inflation fuels tightening concerns
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By Nick Godt, MarketWatch

NEW YORK (MarketWatch) -- Crude oil futures came under pressure early Thursday as Chinese economic reports fueled concerns that Beijing might further tighten access to money to cool growth, leading to less from one of the world's biggest oil consumer.
Crude oil for April delivery was last down 49 cents, or 0.6%, at $81.60 a barrel in electronic trade.
http://markets.usatoday.com/custom/...S&guid={8FA9046D-FFF2-4BA7-A691-3D80E379E70D}
 
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Oil slips on job worries

By Chavon Sutton, staff reporterMarch 11, 2010: 9:48 AM ET

NEW YORK (CNNMoney.com)
Oil prices fell Thursday, amid higher continuing jobless claims.

What prices are doing: Light, sweet crude for April delivery dipped 13 cents to $81.96 on Thursday.

What's moving the market: Prices drifted lower on Thursday, after the government's initial jobless claims report showed higher continuing claims, which rose to nearly 4.56 million in the week ended Feb. 27, the most recent data available. That's up 37,000 from an upwardly revised 4.52 million the week prior. [more]
http://money.cnn.com/2010/03/11/markets/oil/index.htm?postversion=2010031109
 
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