Oil Slick Stuff

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05/15/2007 - Updated 8:25 AM ET
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Crude oil edges lower ahead of supply data
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By Polya Lesova, MarketWatchNEW YORK (MarketWatch) --

Crude-oil futures held most of its ground on Tuesday, as traders weighed worries about tight U.S. gasoline inventories ahead of tomorrow's data releases, along with concerns over oil supply disruptions in Nigeria.
Crude oil for June delivery fell 18 cents at $62.27 a barrel in electronic trading.
"http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B1A56BD27%2DF2E4%2D4350%2D8B2A%2DD0C59D90852B%7D
 
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HERE THEY GO AGAIN!!!:mad:

Oil rises on Nigerian attacks
Crude prices climb on continued attacks in African nation, despite forecasts for higher U.S. inventories.

May 15 2007: 12:43 PM EDT

LONDON (Reuters) -- Oil prices climbed Tuesday, supported by a deeper supply outage in OPEC producer Nigeria, despite forecasts for higher U.S. fuel stocks.
U.S. crude rose 69 cents to $63.15.
http://money.cnn.com/2007/05/15/markets/oil.reut/index.htm?postversion=2007051512
 
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$62.76 -.41 at 08:14

Oh, Boy that's where my money goes!!!!!:suspicious:

Gas prices hit another record high

AAA's average for a gallon of regular tops $3.10 for first time, the fourth daily record high in a row; more price rises seen.

May 16 2007: 8:21 AM EDT


NEW YORK (CNNMoney.com) -- Gasoline prices hit a record high for the fourth straight day Wednesday, according to the daily reading on gas prices from AAA, and more records could be on the way.
The motorist group says the average price for a gallon of self-serve unleaded gasoline was $3.103 in its latest reading, which is based on a daily survey of purchases at up to 85,000 gas stations. That's up from Tuesday's record of $3.087 a gallon, and up 2.3 percent in just the last week and 8.6 percent over the last month.
http://money.cnn.com/2007/05/16/news/economy/record_gas_prices/index.htm?postversion=2007051608
 
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Do you really think Congress is going to do anything about Gas Prices, NOT!!!!!:nuts:
AP
Congress Urged to Ease Pain of Gas Prices
Wednesday May 16, 8:35 am ET

Consumer Groups to Tell Congressional Task Force About Pain of Higher Gas Prices

NEW YORK (AP) -- The average U.S. household is already spending $1,000 more per year on gasoline than it did five years ago, two consumer groups say in testimony they planned to present to a House Judiciary Committee task force Wednesday.
http://biz.yahoo.com/ap/070516/gas_demand.html?.v=6
 
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05/16/2007 - Updated 11:28 AM ET
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Crude, gasoline supplies rise, futures prices declineEnergy Dept. posts second-weekly rise in gas supply; refinery activity up

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</IMG>By Myra P. Saefong, MarketWatch & Polya Lesova, MarketWatch
SAN FRANCISCO (MarketWatch) -- U.S. supplies of motor gasoline rose for a second week and crude inventories have been climbing for a month, the Energy Department reported Wednesday, keeping crude prices under $63 a barrel and dragging reformulated gasoline futures near their lowest level in a week.
com/html-story.asp?markets=COMMODITIES&guid=%7B3E3FF0BE%2DA2D8%2D4AAB%2DAC20%2DEB67C18A3212%7D
 
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