Oil Slick Stuff

Sort by newest Sort by date
$60.69 a barrel at 07:03 +.62 Market rallys, Oil rallys, who planned this?:(



Oil climbs toward $61 on stronger stocks

Strength in Asian, European markets pushes up price of crude.

March 6 2007: 6:40 AM EST


LONDON (Reuters) -- Oil climbed away from $60 a barrel Tuesday, drawing strength from a rise in Asian and European stocks after five days of losses.
Crude slid more than two percent the previous session after a slide on equities markets raised concerns that world economic growth could slow and fuel demand falter.
http://money.cnn.com/2007/03/06/markets/oil.reut/index.htm?postversion=2007030606
 
Last edited:
$60.75 at 07:12 +.06

http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=April&cmonth=J&year=7&currPrev=C
Oil nears $61 on fuel stocks decline fears

Refinery problems, cold spell diminish stockpiles ahead of summer demand.

March 7 2007: 5:48 AM EST


LONDON (Reuters) -- Oil rose toward $61 a barrel Wednesday as the prospect of further declines in gasoline inventories in the United States outweighed concern over the health of its economy.
Oil has proven relatively immune to the selloff in global equities. At near $61, U.S. crude is more than $10 up on mid-January levels and triple the level from the start of 2002.
(more)
http://money.cnn.com/2007/03/07/markets/bc.markets.oil.reut/index.htm?postversion=2007030705
 
Last edited:
$61.02 at 09:05 +.33 Inventories due at 10:30 today. We don't need any surprises!:notrust:

Supply data will be a key focus Wednesday with separate reports due at 10.30 a.m. Eastern from the Energy Department and the American Petroleum Institute.

Analysts at Wachovia Corp. expect to see a climb of 2.5 million for crude supplies, while Fimat is looking for a rise of 1.6 million. A survey of analysts conducted by Platts shows that the market expects, on average, a climb of 1.8 million barrels.
Distillate supplies likely dropped by 3.2 million, Wachovia said. They likely fell by 1.8 million, according to Fimat. And Platts' poll predicts a decline of 2.3 million for the oil-product, which includes heating oil.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B2C489C38%2DBBCF%2D4526%2DBACB%2D23723EE7263F%7D
 
Last edited:
With gas PRICES on the rise this won't help!:mad:

Oil rallies on weak stockpiles

Crude stocks, expected to gain 2 million barrels, fall by 4.8 million.

March 7 2007: 10:37 AM EST


NEW YORK (CNNMoney.com) -- Crude oil supplies fell far further than expected Wednesday, sending oil prices climbing.
U.S. light sweet crude for April delivery rose 78 cents to $61.47 a barrel in New York Mercantile Exchange trading. Before the Energy Information Administration released its report, the contract was up 39 cents at $61.08.

http://money.cnn.com/2007/03/07/markets/eia_oil/index.htm?postversion=2007030710
 
Last edited:
$61.77 at 10:51 +1.08 Castro when are you going to die? Man he's tough!:mad:

Castro's revenge: The Cuban oil rush

Seventy miles from Florida, a Cuban oil rush is underway - and U.S. companies can't join in, says Fortune's Carolyn Whelan.


By Carolyn Whelan, Fortune
March 7 2007: 9:57 AM EST


(Fortune Magazine) -- Sometime later this year, less than 70 miles from Florida, a consortium of Spanish, Indian and Norwegian companies will likely start drilling for oil. It could mark the beginning of a Cuban oil rush - one that American oil companies won't be able to join, despite their proximity to the action.
http://money.cnn.com/magazines/fort...3/19/8402339/index.htm?postversion=2007030709
 
Last edited:
$62.01 at 09:49 +.19 Zooming up

03/08/2007 - Updated 10:14 AM ET
1.gif
Natural-gas futures fall to a one-week lowSupply data on tap; crude prices edge higher on fall in oil supply
1.gif
</IMG>By Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) -- Natural-gas futures fell Thursday to their lowest level in a week with traders expecting a U.S. government report to show a sizable decline in supplies of the fuel in the wake of wintry weather in much of the nation last week.
://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B34355DB4%2D0F8B%2D4ADE%2D91A8%2D4E3C991BE78C%7D
 
Last edited:
:o

Ex-CIA chief spooked by fossil fuels

R. James Woolsey says the switch to renewables must be made to head off global warming and terrorism.

By Steve Hargreaves, CNNMoney.com staff writer
March 8 2007: 11:38 AM EST


LAS VEGAS (CNNMoney.com) -- So maybe it was part of his job to be paranoid, but former CIA head R. James Woolsey takes no comfort in the nation's reliance on oil and other fossil fuels.
/news/economy/cia_energy/index.htm?cnn=yes
 
Last edited:
Watch that OPEC meeting Thursday, I really don't trust them!!
FUTURES MOVERS
Crude extends slide, drops below $60 a barrel
Warmer U.S. weather weighs on heating fuels; OPEC meeting set for Thursday

By Myra P. Saefong & Tomi Kilgore, MarketWatch
Last Update: 10:24 AM ET Mar 12, 2007

SAN FRANCISCO (MarketWatch) -- Crude-oil futures fell to their lowest level in almost three weeks Monday, ready to register a third-losing session with warmer temperatures in parts of the U.S. leading heating-fuel prices lower and key oil producers unlikely to take any action to stem the slide in prices at a meeting later this week.
http://www.marketwatch.com/News/Story/Story.aspx?column=Futures+Movers
 
Last edited:
Check prices in your area?
http://www.gasbuddy.com/
Check National averages?
http://www.fuelgaugereport.com/index.asp

Average gasoline price rises 20 cents

Demand could rise further as daylight saving time means more driving time.

March 12 2007: 7:28 AM EDT

NEW YORK (Reuters) -- Average U.S. retail gasoline prices rose 20 cents to $2.55 a gallon, and demand could rise further in coming weeks as daylight savings time gives Americans more time to drive, an industry analyst said Sunday.
http://money.cnn.com/2007/03/11/new....retail.reut/index.htm?postversion=2007031207
 
Last edited:
You must log in or register to reply here.
Back
Top