Oil Slick Stuff

FUTURES MOVERS
Crude gains as IEA maintains demand forecast

By Ciara Linnane, MarketWatch
Last Update: 8:12 AM ET Mar 13, 2007

NEW YORK (MarketWatch) -- Crude-oil futures rose early Tuesday after the International Energy Agency kept its global oil product demand forecast unchanged at 86 million barrels a day, easing concerns that a slowing economy might reduce demand for energy.
Crude for April delivery was last up 49 cents at $59.40 a barrel in electronic trade. On Monday, the contract closed at its lowest level in three weeks, 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/sto...d={F98F4AF5-539D-4C6F-87F3-CBF4EA1FEA90}&dist=
 
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$57.95 +.02 at 07:17:o

Oil rebounds above $58

U.S. crude stocks expected to grow ahead of Thursday's OPEC production decision.

March 14 2007: 6:02 AM EDT


VIENNA, Austria (Reuters) -- Oil rebounded above $58 a barrel Wednesday after a dollar slide the previous day driven by U.S. stock market losses.
Investors are watching for U.S. oil data later Wednesday expected to show a rise in crude oil stocks in the world's top consumer but a drop in gasoline.:(
http://money.cnn.com/2007/03/14/markets/bc.markets.oil.reut/index.htm?postversion=2007031406
 
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$57.97 at 10:21 +.04:)

http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=April&cmonth=J&year=7&currPrev=C
Oil turns lower after supply report

Crude stockpiles rise less than expected, but gasoline drop smaller than though acts to keep prices near the low end of multi-week range.

March 14 2007: 10:41 AM EDT


NEW YORK (CNNMoney.com) -- Oil prices retreated Wednesday after government said supplies of crude oil rose less than expected but the fall in gasoline stocks was less than thought.
http://money.cnn.com/2007/03/14/markets/oil_eia/index.htm?postversion=2007031410
 
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$57.64 a barrel at 13:01 -.29 YES!:laugh:

http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=April&cmonth=J&year=7&currPrev=C
OPEC oil output decision not an easy one

Delegates for oil cartel weigh forecasts for tighter crude supplies in coming months against nagging worries about global financial and economic stability.

March 14 2007: 9:44 AM EDT


VIENNA (Reuters) -- OPEC is steering towards keeping its oil output steady, delegates said on Wednesday, but some officials are wary falls in U.S. equities markets could presage a slowdown in the world's top energy consumer.
(more)
http://money.cnn.com/2007/03/14/news/international/bc.opec.reut/index.htm?postversion=2007031409
 
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$58.22 +.06 at 09:25
http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=April&cmonth=J&year=7&currPrev=C

AP
OPEC Ministers Agree to Steady Output
Thursday March 15, 9:43 am ET
By George Jahn, Associated Press Writer

OPEC Ministers Agree to Maintain Crude Production at Existing Levels

VIENNA, Austria (AP) -- OPEC oil ministers agreed Thursday to maintain crude production at existing levels, the organization's secretary general said, suggesting the organization was happy with crude prices and supplies.
http://biz.yahoo.com/ap/070315/opec_meeting.html?.v=16
 
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Settle at $57.53

Currently $57.59 +.04 at 19:58 I like it in the $57s!:D
http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=April&cmonth=J&year=7&currPrev=C
What it'll take to sink oil prices

Subprime woes, slowing economic growth, even a recession - will anything bring prices back down to $30 a barrel?

By Steve Hargreaves, CNNMoney.com staff writer
March 15 2007: 4:15 PM EDT


NEW YORK (CNNMoney.com) -- Could oil prices soon sink?
A strong economy equals strong demand, which equals higher prices.
So when stock markets tumbled earlier this week on fears that woes in the subprime housing lending sector could spread to the wider economy, oil prices followed stocks lower. Crude has lost some 6 percent over the last week, and at the $58 level is at the low end of its multi-week range.
Making renewables pay
http://money.cnn.com/2007/03/15/markets/oil_lows/index.htm?postversion=2007031516
 
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$58.21 +.66 at 10:50, It's on the rise:mad:

11:00 am : The indices are now trading in split fashion as stocks struggle to find their footing in the face of rising oil prices. Crude for April delivery is now up 1% at session highs near $58.20/bbl as speculation of gas shortages heading into the summer driving season begins to circulate.
://finance.yahoo.com/marketupdate/overview
 
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$56.40 at 14:22 -1.15 Up, Down, Up, Down. Down is GOOD!:D Does OPEC know something we don't know? Is this a SIGN?
http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=April&cmonth=J&year=7&currPrev=C

03/16/2007 - Updated 2:22 PM ET
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Crude futures fall, ready for a 5% weekly lossTraders digest OPEC's decision and cautious view of the market
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By Myra P. Saefong, MarketWatch & Ciara Linnane, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures dropped to a nearly seven-week low under $57 a barrel Friday, on pace to end the week with a loss of over 5% one day after key oil producers left their output quotas unchanged, but showed concern that volatility in global financial markets could impact economic growth and lower energy demand.
http://markets.usatoday.com/custom/...S&guid={75F452BB-59DE-4A42-A225-0EDA6E41AC26}
 
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$57.04 at 10:56 -.07 Vacillating
http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=April&cmonth=J&year=7&currPrev=C
FUTURES MOVERS
Crude futures fall on prospect of demand slowdown
Natural-gas contract under pressure, touch a fresh, two-month low

By Myra P. Saefong & Ciara Linnane, MarketWatch
Last Update: 10:45 AM ET Mar 19, 2007

FAN FRANCISCO (MarketWatch) -- Crude-oil futures fell under the $57-a-barrel level Monday morning, as news of an interest-rate hike in China dampened expectations for energy demand.
"News that China has raised interest rates will raise the specter of global economic slowdown again," said Michael Fitzpatrick, an analyst at Fimat USA, in a note to clients.
http://www.marketwatch.com/News/Story/Story.aspx?column=Futures+Movers
 
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