Oil Slick Stuff

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I think it's really getting SLICK!!:notrust:

Economic oil spill on the horizon?

Rising energy prices are a sign that the economy is improving. But at some point, higher oil and gas costs could jeopardize chances for a sustained recovery.

By Paul R. La Monica, CNNMoney.com editor at large
August 3, 2009: 12:12 PM ET

(http://i.cdn.turner.com/money/.element/img/2.0/buttons/circle_arrow.gif) no-repeat left;padding-left:15px;vertical-
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Although the price of oil is still well below its all-time high from a year ago, the recent price spike has made some economists nervous.

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

NEW YORK (CNNMoney.com) -- Oil prices are on the march again, rising above $71 a barrel Monday for the first time in more than a month.

The good news is that increased optimism about an economic recovery is one big factor behind the jump in crude prices. The bad news is that if oil prices continue to rise, we may have to kiss those recovery hopes goodbye.
http://money.cnn.com/2009/08/03/markets/thebuzz/index.htm?postversion=2009080312
 
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nnuut said:
I think it's really getting SLICK!!:notrust:

Economic oil spill on the horizon?

Rising energy prices are a sign that the economy is improving. But at some point, higher oil and gas costs could jeopardize chances for a sustained recovery.
Click to expand...
To quote you from another thread....BINGO!!!

Gas up .12 since last night:mad:
 
08/04/2009 - Updated 12:17 AM ET

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Crude futures slip but stay above $71
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By V. Phani Kumar, MarketWatch

HONG KONG (MarketWatch) -- Crude-oil futures slipped in electronic trading Tuesday, reversing a little of the hefty recent gains made on the back of upbeat global manufacturing activity, though the benchmark contract remained above $71 a barrel.
Nymex crude futures for September delivery dropped 23 cents to $71.35 a barrel in midday Asian trade on Globex, after moving in a range between $71.05 and $71.49.
http://markets.usatoday.com/custom/...S&guid={4F9682D2-EF92-4F44-BE29-03DE3FB8A0DB}
 
Oil slips to near $71 amid mixed US economic news

Oil rally stalls near $71 in afternoon European trade amid mixed US economic news

  • By Pablo Gorondi, Associated Press Writer
  • On Wednesday August 5, 2009, 9:22 am EDT
Oil prices slipped to near $71 a barrel Wednesday as mixed economic news from the U.S. stalled a weeklong rally and kept investors cautious.
By mid-afternoon in Europe, benchmark crude for September delivery was down 41 cents to $71.01 a barrel in electronic trading on the New York Mercantile Exchange. On Tuesday, the contract fell 16 cents to settle at $71.42.

http://finance.yahoo.com/news/Oil-s...78.html?x=0&sec=topStories&pos=7&asset=&ccode=
 
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Oil falls to near $71 as US inventories rise

Oil falls to near $71 in European trade amid rising US inventories, signs of slower recovery

  • By Pablo Gorondi, Associated Press Writer
  • On Thursday August 6, 2009, 8:21 am EDT
Oil prices fell to near $71 a barrel Thursday as investors eyed rising U.S. crude inventories and signs of a weak economy.

http://finance.yahoo.com/news/Oil-f...66.html?x=0&sec=topStories&pos=7&asset=&ccode=
 
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Gas and Oil down on inventories and demand. There is a trend for Oil and Gas to follow the Markets up and down lately (or Visa Versa), which is not what we would like to see for the Market today.
BUT YOU NEVER KNOW?:confused:
 
Aug 6, 2009, 11:23 a.m. EST
Oil pulls back from 7-week high, pressured by stronger dollar

NOAA lowers hurricane outlook; natural-gas inventories rise more than expected


Explore related topics

By Moming Zhou & Polya Lesova,
MarketWatch


NEW YORK (MarketWatch) -- Oil futures fell on Thursday, pulling back from a seven-month high, as dollar strength weighed on commodities prices and overshadowed data showing a decline in U.S. jobless claims.
Also weighing on energy prices: The National Oceanic and Atmospheric Administration on Thursday lowered its outlook for this year's Atlantic hurricane season.
http://www.marketwatch.com/story/oil-edges-lower-pressured-by-dollar-strength-2009-08-06
 
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Oil ends slightly lower on stronger dollar, jobless data

NOAA lowers hurricane outlook;
natural-gas inventories up more than expected
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By Moming Zhou,

MarketWatch & Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Oil futures ended Thursday's trading slightly lower as a stronger dollar and a forecast showing a weaker Atlantic hurricane season offset an upbeat U.S. job report.
Crude for September delivery edged down 3 cents, or less than 0.1%, to settle at $71.94 a barrel on the New York Mercantile Exchange. Earlier, the contract fell to an intraday low of $70.18 a barrel.
http://markets.usatoday.com/custom/...S&guid={A73C28A2-6651-420C-8C97-763ABA97238C}
 
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Crude futures drop as Asia stocks retreat
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By V. Phani Kumar, MarketWatch

HONG KONG (MarketWatch) -- Crude-oil futures slipped Friday, weighed down by broad stock market losses in Asia, though they stayed in a narrow range ahead of U.S. non-farm payrolls data due later in the day.
Light sweet crude-oil futures for delivery in September were recently down 30 cents at $71.64 a barrel on Globex, after moving in a range between $71.48 and $71.96.
The contract slipped three cents, or less than 0.1%, to settle at $71.94 a barrel in a regular session on the New York Mercantile Exchange overnight.
http://markets.usatoday.com/custom/...S&guid={82DBA40B-52E3-4F34-AF31-23C218B39F6A}
 
Oil declines in choppy trade as dollar rallies
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By Polya Lesova, MarketWatch & Moming Zhou,

MarketWatch

NEW YORK (MarketWatch) -- Crude futures fell Friday, reducing their weekly gains, as a rising U.S. dollar offset an upbeat economic report that showed U.S. job losses slowed to the lowest level since August.
Trading remained choppy Friday, with the benchmark contract up above $72 a barrel earlier in the session. In recent trading, September oil futures were down 55 cents, or 0.8%, at $71.40 a barrel on the New York Mercantile Exchange. Despite the loss, oil is set to end the week up more than 2%, rising for a fourth straight week.
http://markets.usatoday.com/custom/...S&guid={82DBA40B-52E3-4F34-AF31-23C218B39F6A}
 
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Mighty low, mighty low I'd say!:worried: BUT the demand must be up for the price to rise like it has? How can this be?:suspicious: crooks.gif
 
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