Oil Slick Stuff

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Just looking at this tells me something, I won't use the phrase Trickle Down:
NYMEX NYH RBOB Gasoline: [ CLICK] NYH RBOB Gasoline
SHORT TERM TREND,
attachment.php

..........................Gallon....Weekly Status
Settle.05/22/09..$1.8408 ....+.1602
Settle.05/29/09..$1.9310 ....+.0902
Settle.06/05/09..$1.9546 ....+.0236
Settle.06/12/09..$2.0431 ....+.0885
Settle.06/17/09..$1.9244 .....-.0187
Settle.06/26/09..$1.8741 .....-.0503
Settle.07/02/09..$1.7908 .....-.0833
Settle.07/10/09..$1.6505 .....-.1403
:D
 
Bullishreturn said:
And futures contracts today extending out to November 2009 are even lower- RBOB November @ $1.54.
Click to expand...
And those people buying in Nov and further out think they are buying LOW. Much speculation going on in Oil and Gas futures.:worried:
 
I hate this!!!!!:nuts:

07/14/2009 - Updated 8:48 AM ET
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Crude futures rise, rebounding after recent declines
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By Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Oil futures rose on Tuesday, recovering some lost ground after a string of declines and aided by rising equity markets and better-than-expected U.S. retail sales data.
Crude oil for August delivery gained 96 cents, or 1.6%, to $60.69 a barrel in electronic trading on Globex.
Earlier, the contract soared to an intraday high of $61.36 a barrel.
http://markets.usatoday.com/custom/...-41C0-BBA7-76BE940F7A6A}&loc=interstitialskip
 
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Oil dips on demand worries

OPEC says world demand for its oil would fall by 380,000 barrels to 28.11 million a day in 2010.1

Last Updated: July 14, 2009: 3:35 PM ET


Click the chart for current oil prices.
Gasoline prices and taxes by state


Prices at the pump can vary widely among states, due in large part to vastly different levels of gasoline tax. More

LONDON (Reuters) -- U.S. oil prices dipped into negative territory Tuesday as dealers worried a slow and bumpy economic recovery could delay a rebound in ailing world energy demand.

U.S. crude fell 17 cents to settle at $59.52 a barrel Monday, extending a decline that shaved 11% from the price last week.
The losses came after U.S. data showed disappointing U.S. consumer spending in June alongside a larger-than-expected increase in producer prices -- a reflection of inflation.
http://money.cnn.com/2009/07/14/markets/oil.reut/index.htm?postversion=2009071415
 
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Oil rises 1st day in 4 as crude inventories dropProducts inventories at 11-year high; refiner utilization rate highest in 11 months
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By Moming Zhou, MarketWatch & Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures rose Wednesday for the first session in four, climbing above $61 a barrel as government data showed bigger than expected drop in crude inventories last week as refiners used more oil to boost production.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B61066782%2DAF42%2D4537%2DAEF7%2D509707F3A7C4%7D
 
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Average gas price now below $2.50

After falling for 25 days in a row, AAA's national average drops to its lowest level since May.

By Ben Rooney, CNNMoney.com staff writer
July 16, 2009: 8:21 AM ET


Gas prices strain struggling households

The recent spike in gasoline prices comes at a particularly unfortunate time -- many Americans are still reeling from the economic downturn. Here is how some people have responded to the return of pain at the pump. View photos



Gasoline prices and taxes by state


Prices at the pump can vary widely among states, due in large part to vastly different levels of gasoline tax. More


http://money.cnn.com/2009/07/16/news/economy/gas/index.htm?postversion=2009071608
 
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Oil edges higher on stocks

Crude prices track turnaround in equities, also boosted by strong economic growth in China.

Last Updated: July 16, 2009: 3:06 PM ET

NEW YORK (Reuters) -- U.S. oil prices rose Thursday, tracking a late-day rebound on Wall Street and bolstered by a report showing strong economic growth in China, the world's second biggest consumer of energy.
U.S. crude oil rose 48 cents to settle at $62.02 a barrel Thursday.
http://money.cnn.com/2009/07/16/markets/oil.reut/index.htm?postversion=2009071615
 
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Crude rises for third session after U.S. housing data
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By Moming Zhou, MarketWatch & Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Crude futures rose Friday, gaining for a third session and extending their weekly advance to more than 6%, as upbeat U.S. housing data raised hopes for an economic recovery.
New construction of homes and apartments picked up to the fastest pace in seven months in June, the Commerce Department reported.
http://markets.usatoday.com/custom/...S&guid={A83DA2E4-0EB7-4208-9C7D-C36B6ED132C1}
 
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Gas jumped about .08 on average...

I'm tellin ya, there ain't no lag..it's like next day..:blink:
 
Buster said:
Gas jumped about .08 on average...

I'm tellin ya, there ain't no lag..it's like next day..:blink:
Click to expand...
It appears so looking at the last 5 weeks, 4 down with the exception of last week, Oil was up +$3.67 and Gas was up $.1194, you win! :toung: What about the National averages?:D I'll check it out further Monday, tired today been cutting trees down, OUCH!:blink:
 
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Oil climbs above $64

Futures rise as investors eye rising stock prices in Asia and the dollar declines.

July 20, 2009: 6:04 AM ET

Click the chart for current oil prices.

PERTH (Reuters) -- Oil rose above $64 a barrel on Monday, extending last session's 2.5% gains, bolstered by a rally in Asian stocks and fall in the dollar on hopes of a global economic recovery.
Oil jumped 6.1% last week -- its first weekly gain in a month -- thanks to a series of positive economic data and a rally in the equities markets, http://money.cnn.com/2009/07/20/markets/oil.reut/index.htm?postversion=2009072006
 
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