Oil Slick Stuff

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Gas station owners got a HUGE pay raise over the last couple years. Does anyone out there think they're gonna give it back any time soon?
I don't think so. :notrust:
 
FUTURESTRADER,


I enjoyed the charts and video. I'm looking to buy USO again soon. There is always a Bull or Bear sector in the Market to Trade and make some money. However, timing is everthing! I have had 5 trades in oil. Three winners and two losers.
The Big Boys are shorting this thing and sending it down quickly. When they take it down to some support level they will flip and run it back up. Supply, ya right!!! Hedge Funds with Big Money is the biggest part of the problem. Out of Tech's and back to oil stocks? I wish I knew. I just might call Cramer next week during the lighting round.


http://www.decisionpoint.com/ChartSpotliteFiles/070119_XLE.html

http://www.decisionpoint.com/TAC/PAULENOFF.html
 
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When it gets to $42 a barrel I'm buying!! If I have any money, which I don't right now, guess I'll have to take out a loan or sell the 4Runner or forget about it!:confused: I'm not saving THAT much on gas! $1.82 a gallon is good though.:D
Gas prices sink 14 cents

Drivers pay the most in San Francisco, the least in Detroit, national average sinking toward $2, survey says.

January 21 2007: 4:30 PM EST


CAMARILLO, Calif. (CNN) -- Gas prices plunged nearly 14 cents over the past two weeks to a national average of $2.18 a gallon of self-serve regular, a survey said Sunday.
That's a drop of 13.62 cents from the prior two weeks in the latest the survey of about 5,000 gas stations nationwide, said Trilby Lundberg, publisher of the "Lundberg Survey."

http://money.cnn.com/2007/01/21/news/economy/gasprices/index.htm?postversion=2007012116
 
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Trending up tonight from $51.99 to $ 52.15 at 18:25 +.16:mad:
Yes I think $40 to $45 a barrel is fair and will stimulate the economy. In the near future < $50. Yes Sir, I Like It!!!!:D :D :D
 
$52.49 at 07:46 +.50:mad:

Oil climbs near $53 on icy weather

Temperatures in the world's largest heating oil market drop below normal as investors bet market target price may have reached bottom.

January 22 2007: 6:42 AM EST


LONDON (Reuters) -- Oil rose toward $53 a barrel Monday after a drop in temperatures in the world's biggest heating oil market, the Northeast U.S., and stubborn price support at $50 spurred a fresh round of investor buying.
U.S. crude was up 61 cents at $52.60 a barrel in electronic trading off a session high of $53.05, extending Friday's gains of $1.51. London Brent was up 28 cents at $53.72.
Temperatures in the Northeast were expected to average below normal for the next six-to-10 days, private forecaster DTN Meteorlogix has said. It added temperatures in European cities will mostly drop in the next few days.
Investment fund selling in early January and a mild start to the Northern Hemisphere winter have wiped about 14 percent off oil so far this year. Prices are well down on their July 2006 record of $78.40, easing the strain on world economic growth.
Gas prices sink 14 cents
News of a 6.8 million barrels increase in U.S. crude stocks Thursday tipped oil to $49.90 a barrel, but some analysts say the break below $50 was unconvincing.
"There was a strong bounce off $50 - there are a couple of signs the market may have bottomed," Tony Nunan of Mitsubishi Corp.'s risk management unit said.
http://money.cnn.com/2007/01/22/markets/bc.markets.oil.reut/index.htm?postversion=2007012206
 
$52.53 a barrel at 09:26 +.54 uptick!:D (UPDATE) Oil trending up, Market trending down.
$52.94 a barrel at 10:12 +.95

01/22/2007 - Updated 8:02 AM ET
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Crude pulled higher by natural-gas rallyCold temperatures boost natural-gas prices to one-month high
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</IMG>By Ciara Linnane, MarketWatch
NEW YORK (MarketWatch) -- Crude-oil futures rose early Monday, tracking gains in natural-gas futures, amid forecasts for below-average temperatures across much of the U.S.
Crude for February delivery was last up 50 cents at $52.49 a barrel. The contract gained 3% on Friday, also buoyed by a rally in natural gas triggered by the onset of cold temperatures.
National Weather Service forecasts are calling for below-normal temperatures across the eastern third of the nation as well as parts of the South.
Natural-gas futures were last up 38.9 cents, or 5.7%, at $7.275 per million British thermal units, their highest level since Dec. 20.
Still, oil's price gains are tentative at best, with the technical picture in most of the energy markets remaining poor, according to Edward Meir, analyst at Man Financial.
"It seems that the only factor holding the market higher and dissuading the bears from reinstituting short positions at this stage is the colder weather in the U.S.," he said. "This, while certainly not insignificant, cannot be counted on to provide indefinite support, especially if the weather readings start to change. "
The selling may well resume later this week if data on supplies fail to show a real impact from the cold spell that set in last week, said Meir.
The February oil-futures contract will expire at Tuesday's close, "so we could be in store for a potentially choppy couple of days," he said.
http://markets.usatoday.com/custom/...S&guid={388CA03E-F7FC-43AD-8CDA-13094F1936AB}
 
$53.25 at 11:03 +1.26 :mad: Oil inventories due tomorrow and the dope from Iran Showing his a$$, not good.:mad:

Iran sets new missile tests as U.S. carrier dispatched

POSTED: 8:47 a.m. EST, January 22, 2007


TEHRAN, Iran (AP) -- Iran announced new tests of short-range missiles Sunday, and hardline President Mahmoud Ahmadinejad dismissed criticism that the country's economy has been hurt by U.N. sanctions imposed for its suspect nuclear program.
The missile tests come as the U.S. Navy is sending a second aircraft carrier to the Persian Gulf. U.S. officials said the USS John C. Stennis, which arrives in Mideast waters in a matter of weeks, is meant as a warning to Iran.
http://www.cnn.com/2007/WORLD/meast/01/22/iran.president.ap/index.html
 
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$53.25 a barrel at 09:17 +.67 Dollar down -.52% this morning!! Might contribute to this rise in energy prices if it continues downward trend?:mad:
http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=Mar&cmonth=H&year=7&currPrev=C

Cold weather lifts crude, natural gas
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By Ciara Linnane, MarketWatch
NEW YORK (MarketWatch) -- Continued cold weather conditions across much of the U.S. and forecasts they will persist for at least another week sent crude-oil futures higher early Tuesday and lifted natural gas to its highest level in a month.
http://markets.usatoday.com/custom/...S&guid={F10EF15E-6A81-42CC-A5E0-19BDD6E9C262}
 
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Currently $54.45 -.55 at 07:07:o
http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=Mar&cmonth=H&year=7&currPrev=C
Oil rallies above $55

Crude prices jump more than 4 percent, as cold snap hits U.S. Northeast.

January 23 2007: 3:23 PM EST


NEW YORK (Reuters) -- Oil rose over 4 percent to climb above $55 on Tuesday, partially retracing a steep price slide this month, as cold weather hit the U.S. Northeast, the world's biggest heating oil market.
U.S. crude gained $2.46 to settle at $55.04 a barrel.
http://money.cnn.com/2007/01/23/markets/bc.markets.oil.reut/index.htm?postversion=2007012315
 
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Oil falls ahead of inventory report

Data expected to show higher rise in stockpiles; colder weather in Northeast could lead to drop in supplies.

January 24 2007: 6:03 AM EST


LONDON (Reuters) -- Oil fell below $55 Wednesday, retracing some gains from the previous session's sharp rally, ahead of weekly U.S. inventory data expected to show a further build in domestic crude stocks.
U.S. crude futures traded 40 cents lower at $54.64 a barrel in electronic trading, after surging $2.46 Tuesday - the biggest daily gain since Nov. 20.
http://money.cnn.com/2007/01/24/markets/bc.markets.oil.reut/index.htm?postversion=2007012406
 
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