Oil Slick Stuff

Sort by newest Sort by date
$62.53 a barrel at 11:04. Lookin' Better!
2/21/2006 - Updated 11:15 AM ET
1.gif
Oil under $63; natural-gas contract at 2-year lowTemporary shipping snag hits crude supply; natural-gas supply falls a bit
1.gif

By Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) -- Crude-oil futures fell under the $63-a-barrel level Thursday as the market reassessed U.S. data released a day earlier, attributing the hefty drop in crude supplies last week to temporary shipping snags in Houston.

http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B84E42E64%2DFD13%2D4EE5%2D96C1%2DDB8DB6D6F987%7D
 
Last edited:
$62.81 at 14:14. Opps!
AP
Oil Prices Fall on Forecast
Thursday December 21, 1:22 pm ET
By J.W. Elphinstone, AP Business Writer
Oil Prices Fall After Mild Weather Forecast, Gulf Coast Operations Come Back on Line
NEW YORK (AP) -- Oil prices fell more than $1 a barrel Thursday on forecasts of mild weather for the Northeast and after shipments returned to normal in the Gulf Coast region. Light, sweet crude for February delivery fell $1.08 cents to $62.62 a barrel by midday in New York trading on the New York Mercantile Exchange.
http://biz.yahoo.com/ap/061221/oil_prices.html?.v=7
 
Stocks balance rise in oil,:mad: shopping
$63.00 a barrel at 06:26 EST:o
Stocks futures lower as oil climbs on worries about Iranian nuclear dispute, but strong end of holiday shopping could provide lift.

December 26 2006: 6:00 AM EST


NEW YORK (CNNMoney.com) -- The continued dispute with Iran pushed oil prices higher and could give stocks a rough start to the final week of the year, although they could get a boost from reports of a strong end to the holiday shopping season.
Stock futures, which predict the direction of stocks at the open, were in the lower. Light trading volumes in stocks during the holiday week could lead to volatile markets.

http://money.cnn.com/2006/12/26/markets/stockswatch/index.htm
 
Last edited:
RAT FINK!

Venezuela mulls euro oil switch
Venezuela has expressed interest in an Iranian move to ask buyers to pay for oil in euros rather than US dollars.


The oil-rich nation said it planned to see if a similar scheme could be introduced to its crude exports.
Iran, the world's fourth-biggest oil producer, has already asked customers to pay for its oil in euros because of the current weakness of the dollar.
Although the dollar is the currency in which oil is usually traded, it has been falling in value against the euro.
Strained relations
http://news.bbc.co.uk/2/hi/business/6202791.stm
 
Last edited:
Now it's Nigeria again!:mad:
Lagos pipeline blast kills scores

More than 200 people have been killed in an oil pipeline explosion in Nigeria's commercial capital, Lagos, the Red Cross says.

Officials say they are still counting bodies and it is feared the death toll could be much higher.
The blast in the Abule Egba area happened as hundreds of people were scooping fuel from a pipeline punctured by thieves, officials said.
Some 2,000 people have died in similar incidents in the past decade.
http://news.bbc.co.uk/2/hi/africa/6209845.stm
 
Last edited:
$62.38 a barrel at 10:25 -.03:o

Here we go again!:mad:

Oil jumps, Iran angry over sanctions

Iran revives threat to use oil as a weapon after U.N. imposes sanctions; colder weather forecasts also push up prices.

December 26 2006: 6:50 AM EST


SINGAPORE (Reuters) -- Oil prices rose 1 percent to $63 a barrel on Tuesday after Iran repeated threats that it could use oil exports as a weapon in the wake of U.N. Security Council sanctions on its trade in nuclear goods.
Chillier weather approaching the U.S. Northeast and news that Abu Dhabi had become the first to make good fresh OPEC supply cuts added to the gains, ending a two-day losing streak. http://money.cnn.com/2006/12/26/markets/oil.reut/index.htm?postversion=2006122606
 
Oil falls despite Iran sanctions
$62.19 at 10:40 -.22:o
Country revives threat to use oil as a weapon, but traders say geopolitical fears not at the forefront of concerns.

December 26 2006: 10:58 AM EST


LONDON (Reuters) -- Oil fell Tuesday as warm weather continued to blanket the northeast U.S., but prices remained supported by worries Iran might disrupt oil flows in response to the U.N. Security Council's decision to impose sanctions on it.
U.S. crude for February delivery lost 81 cents to $61.60 a barrel on the New York Mercantile Exchange.
http://money.cnn.com/2006/12/26/markets/oil.reut/index.htm?postversion=2006122610
 
Nnuut,
This is good and timely information. No doubt lower crude will help the markets. The FTSE sometimes drops due to its weighting in oil companies, but even the FTSE hasn't budged with lower oil prices. I suppose the rally is also a consequence of a declining dollar, and end-of quarter/year/Santa Claus?.
 
$60.44 a barrel at 10:18 -.46 SOOOO FAR!:D $60.91 at 11:28 -.21
12/27/2006 - Updated 10:24 AM ET
1.gif
Crude lower as warm weather to continueNatural gas retreats to 29-month low
1.gif
</IMG>By Ciara Linnane, MarketWatch
NEW YORK (MarketWatch) -- Crude-oil and natural-gas futures extended their losses Wednesday as forecasts for warmer-than-average temperatures in the Eastern U.S. dampened demand expectations and overshadowed political concerns involving Iran, Nigeria and Somalia.
Crude for February delivery was last trading down 41 cents at $60.66 a barrel on the New York Mercantile Exchange. On Tuesday, the contract closed more than $1 a barrel lower, tracking a steep decline in natural-gas futures caused by the unseasonably warm weather.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B9F75864F%2D5A6C%2D49AD%2DB392%2D8AB600E41D92%7D
 
Last edited:
You must log in or register to reply here.
Back
Top