Oil Slick Stuff

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$59.26 at 10:46 +.52, off of the high of $59.99, backing off a bit, but can go either way!:o
http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=Mar&cmonth=H&year=7&currPrev=C


AP
Oil Prices Hover Near $60 a Barrel
Tuesday February 6, 9:32 am ET
By George Jahn, Associated Press Writer Oil Prices Hover Near $60 a Barrel As Arctic Weather Blasts Through Parts of U.S.
VIENNA, Austria (AP) -- Oil prices spiked more than $1 a barrel Tuesday, bolstered by expectations that heating fuel demand would jump as http://biz.yahoo.com/ap/070206/oil_prices.html?.v=6
 
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$59.02 at 12:07 +.28 Down a little:D
Let's see what the inventories report says tomorrow!:sick:
AP
Stocks Edge Lower As Oil Rallies
Tuesday February 6, 11:43 am ET
By Joe Bel Bruno, AP Business Writer

Stocks Edge Lower As Oil Moves Higher, Fed Speeches Eyed

NEW YORK (AP) -- Stocks fell moderately Tuesday as oil prices rallied amid a blast of arctic weather in the Midwest and Northeast and as investors awaited earnings reports from companies including Cisco Systems Inc.
http://biz.yahoo.com/ap/070206/wall_street.html?.v=15
 
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pogo said:
it is in a trading range--for sure--temp going up by midweek--it is 8 degree in canonsburg pa---seen worst--will be 25 degrees tommorrow will be a heat wave
Click to expand...
Man! 25 degrees a high! Burrrrrrrr it's gonna be 62 here in middle Ga!:D
 
$59.37 +.49 just before the inventories announcement:worried:

02/07/2007 - Updated 10:16 AM ET
1.gif
Crude oil climbs back above $59 a barrelTraders focus on supply data; natural-gas prices on the rise
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</IMG>By Myra P. Saefong, MarketWatch & Tomi Kilgore, MarketWatch
SAN FRANCISCO (MarketWatch) -- Crude-oil futures climbed back above $59 a barrel Wednesday morning, supported by expectations that the cold weather in the Northeast will trigger a second-weekly decline in U.S. inventories of distillates, which include heating oil.
(more)
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B78E4F0F1%2D2CD5%2D4A85%2DB96A%2DCA036E388616%7D
 
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-449k Huuuummmm!
Oil choppy as heating supplies drop

Reports says distillates fall by nearly 4 million barrels; cold weather grips Northeast.

February 7 2007: 10:38 AM EST


NEW YORK (CNNMoney.com) -- Oil prices zigzagged after a government report said supplies of heating oil fell more than expected.
U.S. light crude for March delivery were up 35 cents to $59.23 a barrel on the New York Mercantile Exchange. Oil had traded up 58 cents at $59.46 just prior to the report's release, then rose as high as $59.85 before coming down.
http://money.cnn.com/2007/02/07/markets/oil_eia/index.htm?postversion=2007020710
 
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Hey folks Sweet Light Crude just broke $60, many said that when this happens it would have a bearish effect on the Markets.

"You might think that, but these people may not agree:
You're kidding me, right?
Crude for March delivery may be off its highs, but the commodity came within a nickel of hitting $60/bbl earlier. Oil eclipsing such a psychological barrier will become a bearish factor for stocks and bring its inflationary potential back into focus among policy makers." Post #1234

http://finance.yahoo.com/marketupdate/overview

Now it stands at $60.21 at 19:50 +.50 let's see if the price holds? Be advised!:suspicious:
 
Nnuut,
The bad news coming out on Nigeria terrorists holding hostages could be creating significant uncertainty in the crude oil supply and in the price of oil?
 
You're right, but this has been going on for a while now. They have had all on shore oil production shut down for months. The off shore production is still putting out, but the terrorist have started to Shanghai Oil Tankers, now that may really slow them down. I think it's a Shell facility.:mad:
$60.13 at 21:47 +13 Doesn't seem to be backing off much, Yet!
 
$59.75 a barrel at 11:46 -.03 dropped below $60 AT NYMEX
Oil Slick WARNING!!

AP
Stocks Turn Mixed As Oil Rises Above $60
Friday February 9, 11:04 am ET
By Joe Bel Bruno, AP Business Writer Stocks Turn Mixed Narrowly Mixed; Oil Crosses $60
NEW YORK (AP) -- Stocks turned narrowly mixed Friday after Thursday's pullback made for fertile ground for bargain hunters and left some investors searching for a catalyst that would help stocks resume their advance of the past few months.
http://biz.yahoo.com/ap/070209/wall_street.html?.v=26
 
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MARKET UPDATE
11:00 am : Oil has slipped back below the $60/bbl level and even turned negative, but the stock market doesn't appear overly convinced that the commodity will stay down for long. Temperatures are still well below normal across the country and the shut down of a California oil field yesterday takes 120,000 barrels a day off the market.
http://finance.yahoo.com/marketupdate/overview
 
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