Oil Slick Stuff

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$62.85 at 07:08 +.57

http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=May&cmonth=K&year=7&currPrev=C
Survey: gas prices up 6 cents per gallon, to $2.61

Early daylight saving time has led to more driving and kept demand high.

March 25 2007: 3:53 PM EDT


CAMARILLO, Calif. (CNN) -- Gas prices rose nearly 6 cents per gallon of self-serve regular during the past two weeks, to $2.61, a survey said Sunday.
That's less than a third of the 20-cent-per-gallon increase that occurred during the prior two weeks, and may indicate prices are leveling off, said Trilby Lundberg, publisher of the "Lundberg Survey," which tallies prices at about 5,000 gas stations every two or three weeks.

http://money.cnn.com/2007/03/25/news/economy/lundberg_survey/index.htm?postversion=2007032515
 
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$63.05 at 10.51 +.77
http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=May&cmonth=K&year=7&currPrev=C
FUTURES MOVERS
Crude at fresh 2-week high as Iran tensions mount
Tehran says may charge 15 U.K. seamen with illegally entering Iranian waters

By Myra P. Saefong & Ciara Linnane, MarketWatch
Last Update: 10:13 AM ET Mar 26, 2007

SAN FRANCISCO (MarketWatch) -- Crude-oil futures rose past $63 a barrel Monday to their highest level in more than two weeks, buoyed by mounting tensions between Iran and the U.K. over the arrest of 15 British navy personnel in the Persian Gulf by Iranian forces and Iran's claims that they had illegally entered its waters.
http://www.marketwatch.com/News/Story/Story.aspx?column=Futures+Movers
 
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Nnuut,
I am aware that a swing to the upside could occur at any moment if the Iran situation explodes, but I see a drop from your latest post. Is this due to excess oil supplies?
 
Sponser maybe this will answer your question. The price fluctuates up and down daily, unless a trend is established. What about a little profit taking? Check the chart on the link!

$62.49 at 09:30 -.42

http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=May&cmonth=K&year=7&currPrev=C
Crude prices ease despite worries

Oil prices edge down day after geopolitical tensions pushed it to high for year.

March 27 2007: 5:50 AM EDT


LONDON (Reuters) -- Oil slipped Tuesday after hitting a high for the year above $63 a barrel the previous day on tensions over Iran's nuclear plans and the detention of 15 British sailors.
A strike by workers at the French Mediterranean oil port of Fos-Lavera, now in its 14th day, has begun to hit refinery output just as the market prepares for summer gasoline demand.
http://money.cnn.com/2007/03/27/markets/bc.markets.oil.reut/index.htm?postversion=2007032705
 
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Nnutt - one of the oil companies mentioned in Rosenberg's Epicenter, ZION, out of Dallas, is on the public offering, I think I was told the American SE. Have you heard anything about them?
 
Hey Grandma, really nice to hear from Ya!!!:D Haven't heard anything, but I'll check it out and see!:confused:
 
UTOHH!!!!
Settle at $62.93 +.02:confused:
Oil spikes $5 on rumors of Iran attack

After-hours contract jumps 8 percent on rumors that Iran fired on U.S. warships; navy denies story, crude falls from highs.

March 27 2007: 6:27 PM EDT


NEW YORK (CNNMoney.com) -- U.S. crude futures spiked over $5 a barrel in electronic trading late Tuesday on rumors that Iran fired on U.S. Navy warships.
Crude gave up most of those gains according to one trader after reports of a confrontation were denied.
_______________
Iran and the price of gas
http://money.cnn.com/2007/03/27/markets/oil_spikes/index.htm?postversion=2007032718
 
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grandma said:
Nnutt - one of the oil companies mentioned in Rosenberg's Epicenter, ZION, out of Dallas, is on the public offering, I think I was told the American SE. Have you heard anything about them?
Click to expand...

Grandma, I found this about ZION closing their IPO. Do you own stock?

ZION TO RENEW OPERATIONS ON THE MA'ANIT #1 WELL IN MID-APRIL -- IPO TERMINATION EXTENDED TO MAY

March 16, 2007--On March 15, Zion signed a Workover and Completion Services Agreement with its drilling contractor to reenter the Ma'anit #1 well bore to perform remedial workover, completion and testing services. The agreement provides for operations to commence on April 11.
http://online.wsj.com/public/articl...mnoLv2_Mdai4Eowb0_20070316.html?mod=wsjcrmain
 
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$64.65 +1.72 at 08:10 OIL SLICK WARNING!!:mad:

View attachment 1533
Crude inventories and FED Speak at 10:30, hope for the best!!:sick:
Oil could stain stocks

U.S. markets set to open lower as international tensions, inventory concerns drive up crude; investors await Bernanke testimony.

March 28 2007: 7:23 AM EDT

NEW YORK (CNNMoney.com) -- U.S. stocks were poised to slide for the second straight session Wednesday as oil prices surged on concerns about international tension and as investors awaited testimony from Federal Reserve Chairman Ben Bernanke.
At 7:20 a.m. ET, Nasdaq and S&P futures were lower.
http://money.cnn.com/2007/03/28/markets/stockswatch/index.htm?postversion=2007032807
 
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Conflicting results on inventory status, Who KNOWS they don't seem to!!!:mad:

03/28/2007 - Updated 11:08 AM ET
1.gif
Crude climbs to the highest levels of the yearU.S. oil supply data mixed; natural gas up ahead of contract expiration
1.gif
</IMG>By Myra P. Saefong, MarketWatch & Tomi Kilgore, MarketWatch
SAN FRANCISCO (MarketWatch) -- Crude-oil futures surged Wednesday to trade at the highest level of 2007, as mounting tensions between Iran and the U.K. ignited concerns about supply disruptions in the Persian Gulf.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BD7DD41F6%2DC6DD%2D414B%2D9821%2D557CD0F70FCF%7D
 
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FEATURE-Nigerian rebels in chaotic fight for oil riches
28 Mar 2007 10:03:51 GMT
Source: Reuters
Alert Me | Printable view | Email this article | RSS [-] Text [+]
Background
Nigeria violence
More By Tom Ashby

CAWTHORNE CHANNEL, Nigeria, March 28 (Reuters) - The young Nigerian rebels smoked marijuana, drank gin and shot into the night sky as they escorted two Italian hostages and this Reuters correspondent on speed boats back towards freedom.


http://www.alertnet.org/thenews/newsdesk/L27528496.htm
 
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