Oil Slick Stuff

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01/11/2011 - Updated 10:45 AM ET
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Crude futures rise ahead of API supply data
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By Claudia Assis, MarketWatch & Nick Godt, MarketWatch
SAN FRANCISCO (MarketWatch) — Crude-oil futures rose nearly 1% Tuesday, still getting a lift from the shutdown of the Trans-Alaska Pipeline and expectations that data will show a drop in U.S. crude supplies.
Crude for February delivery [CLG11] gained 70 cents to $89.94 a barrel, shaving earlier gains as the dollar strengthened.http://markets.usatoday.com/custom/...S&guid={482BDE10-1D8A-11E0-83AC-00212804637C}
 
Yes Demand and Supply along with the strength of the dollar all effect cost, not to mention economic and political strife, and the Great Unknown like the Alaska Pipeline being out of order!;)
 
Their at it again folks, brace yourselves!:nuts:

Oil surges on offshore drilling report

Oil prices surge as panel says gov't must do more to prevent for offshore drilling disasters



Sandy Shore, AP Business Writer, On Tuesday January 11, 2011, 3:21 pm

Oil prices surged Tuesday after a presidential panel investigating the Gulf oil spill said the oil industry and the government need to do more to reduce the chances of another large-scale disaster.
Benchmark oil for February delivery rose $1.86, or more than 2 percent, to settle at $91.11 a barrel on the New York Mercantile Exchange.
The panel's recommendations included increasing the liability cap for damages when companies drill offshore; increasing budgets and training for the federal agency that regulates offshore drilling and lending more weight to federal scientific opinions in decisions about drilling.
The report raised speculation that the government might slow down production in the Gulf of Mexico, which would lead to higher prices
http://finance.yahoo.com/news/Oil-s...html?x=0&sec=topStories&pos=main&asset=&ccode=
 
nnuut said:
Their at it again folks, brace yourselves!:nuts:

Oil surges on offshore drilling report

Oil prices surge as panel says gov't must do more to prevent for offshore drilling disasters



Sandy Shore, AP Business Writer, On Tuesday January 11, 2011, 3:21 pm

Oil prices surged Tuesday after a presidential panel investigating the Gulf oil spill said the oil industry and the government need to do more to reduce the chances of another large-scale disaster.
Benchmark oil for February delivery rose $1.86, or more than 2 percent, to settle at $91.11 a barrel on the New York Mercantile Exchange.
The panel's recommendations included increasing the liability cap for damages when companies drill offshore; increasing budgets and training for the federal agency that regulates offshore drilling and lending more weight to federal scientific opinions in decisions about drilling.
The report raised speculation that the government might slow down production in the Gulf of Mexico, which would lead to higher prices
http://finance.yahoo.com/news/Oil-s...html?x=0&sec=topStories&pos=main&asset=&ccode=
Click to expand...

There's your political strife.
 
01/12/2011 - Updated 10:14 AM ET
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Crude futures rise on easing Europe concernsGrain futures rally after USDA’s crop outlook report
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By Nick Godt, MarketWatch

NEW YORK (MarketWatch) — Crude-oil futures rose on Wednesday, tracking broad market optimism over European sovereign debt issues after Portugal was successful in a closely watched bond sale.
Upbeat German data also provided a lift while traders awaited the Energy Department’s estimate of weekly crude supplies later in the session.
“The acceleration of global growth looks on track as we move into the new year,” JPMorgan energy team’s said in a note. “However further price strength from this juncture may well start to undermine demand growth.”
Crude oil for February delivery [CLG11] recently gained 78 cents, or 0.9%, to $91.89 a barrel.http://markets.usatoday.com/custom/...S&guid={8A1E057E-1E56-11E0-83AC-00212804637C}
 
01/12/2011 - Updated 11:43 AM ET
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Crude futures rise to two-year high Grain futures rally after Agriculture Department’s crop outlook
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By Claudia Assis, MarketWatch & Nick Godt, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures rose on Wednesday, returning to a two-year high and riding broad market optimism over European sovereign-debt issues, weakness in the dollar and a larger-than-anticipated decline in inventories.
Crude oil for February delivery [CLG11] gained $1.01, or 1.2%, to $92.17 a barrel. http://markets.usatoday.com/custom/...S&guid={8A1E057E-1E56-11E0-83AC-00212804637C}
 
And NOW it starts, or continues! :mad:

Higher energy and food costs lift wholesale prices, posing new risk for global economy





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FILE - In this file photo taken Feb. 26, 2010, Dave Tryon uses a rail to pull himself up a snowy hill as he makes a heating oil delivery, in Newtown, Pa. Wholesale prices in December posted their biggest rise in nearly a year, lifted by more expensive energy and food costs. (AP Photo/Mel Evans)

Jeannine Aversa, AP Economics Writer, On Thursday January 13, 2011, 10:45 am

WASHINGTON (AP) -- A spike in oil and food costs pushed wholesale prices up last month by the biggest amount in nearly a year, a trend that could threaten the still-fragile global economy.
http://finance.yahoo.com/news/Highe...39.html?x=0&sec=topStories&pos=1&asset=&ccode=
 
01/13/2011 - Updated 12:22 PM ET
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Oil turns higher, tops $92 a barrelNatural-gas prices fall more than 2% after supply data
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By Myra P. Saefong, MarketWatch & Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures returned to a two-year high Thursday, shaking off earlier weakness tied to a jump in U.S. jobless claims and helped along by a weaker dollar.
Crude for February delivery [CLG11] added 43 cents, or 0.5%, to $92.28 a barrel on the New York Mercantile Exchange. It had traded as low as $91.04 a barrel earlier. http://markets.usatoday.com/custom/...S&guid={4BA44F70-1F22-11E0-83AC-00212804637C}
 
01/14/2011 - Updated 9:48 AM ET
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Crude futures slump after U.S. data
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By Nick Godt, MarketWatch

NEW YORK (MarketWatch) — Crude-oil futures traded lower, though off earlier lows, on Friday after data showed U.S. retail sales rose a smaller-than-expected 0.6% in December, underscoring concerns about the economic outlook.
Crude for February delivery [CLG11] fell $1.08, or 1%, to $90.41 a barrel.http://markets.usatoday.com/custom/...S&guid={B16A9B12-1FE4-11E0-83AC-00212804637C}
 
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