Oil Slick Stuff

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FireWeatherMet said:
Bowing, hugging, kissing, holding hands with Saudi Kings???

I think you're talking about this guy.:rolleyes:

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Get you're Liberial Obama Butt kissing wonderful self off of my thread! I keep this thread free of politics and you with your Liberal attitude are NOT welcome. Thanks
 
Don't be too hard on them Norm..they are a sorry bunch, looking for anything to prop up their failing leader..

So having the respect for your thread that I do....I actually started this with my post #13248..so if you'll delete that one of mine and everything that crawled in afterward..all will be well again.:)
 
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Aug. 5, 2013, 10:03 a.m. EDT
Oil slips; MidEast tensions limit losses

By Victor Reklaitis and Carla Mozee, MarketWatch
NEW YORK (MarketWatch) — U.S. crude-oil futures dipped on Monday, but concerns about Middle East tensions kept losses in check.
Crude oil for September delivery /quotes/zigman/2291784 CLU3 -0.90% pulled back 97 cents, or 0.9%, to $105.97 a barrel on the New York Mercantile Exchange.
The contract could stay around current levels given the Mideast headlines and economic optimism in the U.S., according to Jay Levine, technical analyst with Enerjay LLC.
“If we get any stability in the Middle East, I think crude oil is ripe for a potential drop,” Levine told MarketWatch. He also said: “Until that calms down or gets resolved, which is not likely any time soon, I’m afraid we’re dealing with these higher prices.”
Oil slips; MidEast tensions limit losses - Futures Movers - MarketWatch
 
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[TD="class: econo-reportname, colspan: 2"]EIA Petroleum Status Report
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[TD]		Prior
Actual
Crude oil inventories (weekly change)
Gasoline (weekly change)
Distillates (weekly change)

[TD="class: econo-releaseinfo"]Released On 8/7/2013 10:30:00 AM For wk8/2, 2013
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[TD="class: actual_consensus_box_numbers"]0.4 M barrels
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[TD="class: actual_consensus_box_numbers"] -1.3 M barrels
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[TD="class: actual_consensus_box_numbers"]0.8 M barrels
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[TD="class: actual_consensus_box_numbers"] 0.1 M barrels
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[TD="class: actual_consensus_box_numbers"]-0.5 M barrels
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[TD="class: actual_consensus_box_numbers"] 0.5 M barrels
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Economic Calendar - Bloomberg
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Highlights
A dip in imports together with strong demand from refineries made for another draw in oil inventories, down 1.3 million barrels in the August 2 week to 363.3 million. This is the fifth draw in the last six weeks.

Refineries, operating at a very active 90.9 percent of capacity, increased both gasoline and distillate output in the week contributing to inventory builds for both products, up 0.1 million barrels for gasoline and up 0.5 million barrels for distillates.

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E-10 now $3.15 today

The gas was this low when oil was in the $80's/bbl range...see how the price of oil and gas prices don't make any sense.
 
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