Oil Slick Stuff

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Oil down, Market down----Typical!:suspicious:

10/15/2010 - Updated 12:52 PM ET
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Crude futures slump after Bernanke, dataNatural gas hovers around lowest in a year
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By Claudia Assis, MarketWatch & Nick Godt, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures retreated Friday, pulling back after Federal Reserve Chairman Ben Bernanke made cautious remarks about an additional round of quantitative-easing measures intended to boost the U.S. economy.
Crude for November delivery [CLX10] fell $1.05, or 1.3%, to $81.65 a barrel on the New York Mercantile Exchange.
http://markets.usatoday.com/custom/...S&guid={C6F7AD32-D85C-11DF-9252-00212804637C}
 
10/18/2010 - Updated 9:11 AM ET
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Oil prices vacillate as U.S. dollar gains ground
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By Kate Gibson, MarketWatch

NEW YORK (MarketWatch) — Oil prices see-sawed between slight gains and losses Monday as the U.S. dollar reclaimed some ground.
“The recovery of the dollar has put pressure on oil as it dampens the appeal of commodities as an alternative investment,” said analysts at Action Economics. [more]
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B0C57DAD0%2DDAB2%2D11DF%2D951A%2D002128049AD6%7D
 
10/18/2010 - Updated 1:40 PM ET
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Crude surpasses $83 as U.S. equities advance Petroleum products post stronger percentage gains than crude
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By Claudia Assis, MarketWatch & Kate Gibson, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures advanced Monday, tracking gains in U.S. equities, and prices for energy products such as gasoline also were on the rise as disruptions due to a strike against refineries in France became more severe.
Crude for November delivery [CLX10] gained $1.75, or 2.2%, to $83.06 a barrel on the New York Mercantile Exchange.[more]
http://markets.usatoday.com/custom/...S&guid={0C57DAD0-DAB2-11DF-951A-002128049AD6}
 
10/18/2010 - Updated 5:01 PM ET
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Crude oil surges, ends north of $83French strike, Citigroup profit, weaker dollar combine to spur buyers
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By Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) — A timid advance for crude-oil prices turned into a groundswell by Monday’s floor settlement, lifting prices to their best finish in more than a week.
Oil for November delivery [CLX10] rose $1.83, or 2.3%, to $83.08 a barrel on the New York Mercantile Exchange. Gasoline and heating-oil futures also settled more than 2% higher. Natural gas futures bucked the trend to end nearly 3% lower. [more]
http://markets.usatoday.com/custom/...S&guid={0C57DAD0-DAB2-11DF-951A-002128049AD6}
 
10/19/2010 - Updated 1:34 PM ET
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Crude-oil futures slump on dollar strength, China hike
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By Claudia Assis, MarketWatch & Nick Godt, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures fell more than 2% Tuesday after China spooked markets with the first hike to its key lending rate since December 2007, raising worries about global energy demand and providing a fresh lift to the U.S. dollar.
Crude oil for November delivery [CLX10] fell $2.14, or 2.6%, to $80.94 a barrel on the New York Mercantile Exchange. A close near these levels would be oil’s lowest since late September. [more]
http://markets.usatoday.com/custom/...S&guid={9DF621B8-DB7F-11DF-951A-002128049AD6}
 
10/19/2010 - Updated 4:30 PM ET
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Crude oil has steepest one-day drop in eight months on dollar strength, China hike
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By Claudia Assis, MarketWatch & Nick Godt, MarketWatch

SAN FRANCISCO (MarketWatch) — Oil futures slumped 4.3% on Tuesday, their biggest one-day drop since February, as equities suffered and the dollar surged after a surprise interest-rate increase in China, which also cast a pall over prospects of oil demand
[more]
http://markets.usatoday.com/custom/...-11DF-951A-002128049AD6}&loc=interstitialskip
 
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10/20/2010 - Updated 9:45 AM ET
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Crude futures bounce after China-slide
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By Nick Godt, MarketWatch

NEW YORK (MarketWatch) — Crude-oil futures bounced back Wednesday, a reversal following their biggest one-day slump in eight months, as the dollar gave back prior-session gains scored after China spooked financial markets with an interest-rate hike.
Traders’ attention turned to what weekly data on U.S. petroleum supplies from the Energy Department will show.
Crude for November delivery traded up 43 cents, or 0.5%, at $79.92 a barrel. [more]
http://markets.usatoday.com/custom/...S&guid={BAE93BA2-DC47-11DF-951A-002128049AD6}
 
Smaller than expected raise!!:laugh: So it goes UP?:blink:
10/20/2010 - Updated 11:04 AM ET
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Oil jumps after smaller-than-expected inventories rise
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By Claudia Assis, MarketWatch & Nick Godt, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures rose more than 2% Wednesday after a weekly government report showed a smaller-than-expected increase in the nation’s supplies of crude.[more]
http://markets.usatoday.com/custom/...S&guid={BAE93BA2-DC47-11DF-951A-002128049AD6}
 
They may still be holding up exploration and DRILLING!:nuts:

WEA, Companies Sue BLM for Failing to Issue Leases
Rigzone Staff
|
Wednesday, October 20, 2010

The Denver-based Western Energy Alliance (WEA) and six companies have filed a lawsuit against the U.S. Bureau of Land Management (BLM), arguing that BLM has failed to issue mineral leases to the top qualified bidders at competitive lease sales within 60 days of the date that leases are paid for. [more]
http://www.rigzone.com/news/article.asp?hpf=1&a_id=100358
 
10/21/2010 - Updated 11:36 AM ET
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Crude oil retreats; nat gas tanks on supplies
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By Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures struggled for direction Thursday, giving gave back some of the previous session’s big gains, while natural gas slumped nearly 5% after a weekly government report showed a higher-than-average increase in inventories.
Crude oil for December delivery [CLZ10] retreated 62 cents, or 0.7%, to $81.93 a barrel. The contract posted an intraday low of $81.36 a barrel earlier. [more]
http://markets.usatoday.com/custom/...S&guid={AADCAA7A-DD17-11DF-951A-002128049AD6}
 
It's about time, but the Government is still blocking drilling by Not approving in a reasonable time period. I think they are holding out to the last week before the November Election.:nuts:
 
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