Oil Slick Stuff

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$62.02 at 07:07 +.23 Not Good!!:mad:

Oil climbs above $62 a barrel

Crude prices gain from previous session's unexpected drop in distillate inventories.

March 1 2007: 7:09 AM EST


LONDON (Reuters) -- Oil prices rose above $62 a barrel Thursday, building on gains the previous day spurred by unexpectedly large falls in fuel stocks in top consumer the United States.
(more)
http://money.cnn.com/2007/03/01/markets/bc.markets.oil.reut/index.htm?postversion=2007030107
 
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NO NO CITGO!:nuts:

Exxon Mobil hands over Venezuelan project

The world's largest company will give up operations of a major oil

project as Venezuelan President Hugo Chavez takes control of the country's oilfields.

March 1 2007: 9:55 PM EST


CARACAS (Reuters) -- Exxon Mobil plans to hand operations of a multibillion-dollar oil project to the Venezuelan state before a May 1 deadline imposed by President Hugo Chavez, industry sources said Thursday.
Chavez this week signed a decree for the government to take a majority stake in four heavy crude upgrading projects in the Orinoco basin by May 1 as part of a nationalization drive toward Cuba-inspired socialism.
http://money.cnn.com/2007/03/01/new...nezuela.reut/index.htm?postversion=2007030121
 
$62.04 at 12:13 +.04 Back up to where it was this morning. :o

AP
Oil Prices Dip After Overnight Gains
Friday March 2, 12:03 pm ET
By George Jahn, Associated Press Writer

Oil Prices Dip After Biggest Gain in More Than 2 Months on Worries Over Tight Gas Supplies

Oil prices edged down Friday as traders eyed the stock market and after oil made its biggest gain in more than two months on worries over tightening gasoline supplies. Light, sweet crude for April delivery slipped 10 cents to $61.90 a barrel in late morning trading on the New York Mercantile Exchange. Brent crude for April rose 4 cents at $62.15 a barrel on the ICE Futures exchange in London

http://biz.yahoo.com/ap/070302/oil_prices.html?.v=14
 
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$60.48 at 07:48 -1.16

http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=April&cmonth=J&year=7&currPrev=C


Oil slides $1 as stock markets struggle

Drops in Asian and European exchanges usher in weaker crude prices.

March 5 2007: 6:30 AM EST


LONDON (Reuters) -- Oil prices dropped more than $1 to below $61 a barrel Monday as steep falls on Asian and European stock exchanges spilled over into commodities markets.
U.S. crude was down $1.14 to $60.50 a barrel by 6:27 a.m. ET, off a session low of $60.46.
London Brent crude was down $1.11 at $60.97.
http://money.cnn.com/2007/03/05/markets/bc.markets.oil.reut/index.htm?postversion=2007030506
 
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