Oil Slick Stuff

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Crude, natural gas continue to diverge
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By V. Phani Kumar, MarketWatch
HONG KONG (MarketWatch) -- Crude-oil and natural gas futures continued to move in different directions Monday, with a strong rally in Asian equities pushing the benchmark oil contract above $74 a barrel in electronic trade, while gas extended losses to a fresh seven-year low.
Benchmark Nymex crude for October delivery was up 17 cents to $74.06 a barrel in Asian midday trade on Globex, after hitting an intraday high of $74.35 earlier.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BACA13951%2D13B5%2D42D8%2DBFB2%2D50D110844CC2%7D
 
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Crude rises on economic optimism; natural gas rebounds

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By Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Crude futures rose Monday to their highest level since last October, as gains in U.S. stocks and optimism about a rebound in the global economy boosted energy prices.
Natural-gas futures also rose, recovering some ground after falling to a seven-year low in the previous session.
Light sweet crude for October delivery gained 71 cents, or 1%, to $74.61 a barrel in electronic trading on Globex.
http://markets.usatoday.com/custom/...S&guid={ACA13951-13B5-42D8-BFB2-50D110844CC2}
 
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How eery would that be. Flying along in a passenger plane in total silence. Except for the yapper that I always seem to get seated next to me.:D
 
Yeah, and with a couple of Lightening Rods you could refuel in mid air!!:D
 
Ladies and Gentlemen,
This is the Captain, I appologize for the inconvenience but we are being rerouted to the nearest thunderstorm for refueling then it is on to our final destination.:laugh: (provided the lightening does not take us out)
 
Oil futures edge lower after touching 2009 highs

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By MarketWatch,

LONDON (MarketWatch) -- Oil futures edged lower in electronic trading on Tuesday, as investors more broadly retreated from riskier assets after a big run-up.
Over three months, oil futures have climbed nearly 20%.
"Yesterday's price gains in crude although marginal in absolute terms could be interpreted as rather impressive given the strengthening in the U.S. dollar and a drop in the equity markets," said analysts at ODL Securities in London.
http://markets.usatoday.com/custom/...S&guid={0775C609-556E-4F7E-8F7A-874629A44ED5}
 
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Crude falls back $75-a-barrel mark on U.S. deficit data
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By Moming Zhou, MarketWatch & Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures fell Tuesday, pulling back after hitting $75 a barrel for the first time in 10 months, as investors cashed in on oil's recent rallies and as a U.S. government report showing the highest federal deficit in more than six decades dampened sentiment.
The budget deficit will total $1.6 trillion in 2009, the Congressional Budget Office estimated Tuesday. At 11.2% of gross domestic product, that will be the highest level since World War II.
http://markets.usatoday.com/custom/...S&guid={0775C609-556E-4F7E-8F7A-874629A44ED5}
 
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http://finance.yahoo.com/q/ta?s=CLV09.NYM&t=5d

oil is falling off a cliff this afternoon, I can't see it lasting too long though because the big guys want it trading hish for the Labor Day weekend. So maybe a short dip in commodities and equities then another set of dip buying beofre the close of the summer oil trade... oh wait, then there's the hurricane hype for the refiners :)
 
fedgolfer said:
http://finance.yahoo.com/q/ta?s=CLV09.NYM&t=5d

oil is falling off a cliff this afternoon, I can't see it lasting too long though because the big guys want it trading hish for the Labor Day weekend. So maybe a short dip in commodities and equities then another set of dip buying beofre the close of the summer oil trade... oh wait, then there's the hurricane hype for the refiners :)
Click to expand...
Hopefully we won't have a problem with Hurricanes this year!:)
 
I like how today the market went our way..A little gain in the Markets and a little kick in the Nurtz on the Oil prices :D
 
nnuut said:
Hopefully we won't have a problem with Hurricanes this year!:)
Click to expand...


Yeah But...Hurricane Bill will undoubtably disturb the Lobster Fishing near New England and therefore the Lobster boats won't go to sea to fish. By not doing any fishing, they won't use very much fuel..the Oil/Gasoline/Diesel fuel companies will say they are losing money by not selling fuel to the Fishermen. So to keep profits status-quo..they'll end up raisng prices of gas at the pump to cover their losses at sea....:suspicious:
 
INVENTORIES AT 10:30 TODAY!:worried:

Crude straddles $72 ahead of inventory data
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By V. Phani Kumar, MarketWatch
HONG KONG (MarketWatch) -- Crude-oil prices moved around the $72-a-barrel level in electronic trade Wednesday, with investors awaiting weekly data on U.S. inventories to assess whether the data supported a further price increase after a recent rally.
Benchmark Nymex crude for October traded two cents higher at $72.07 a barrel in early Asian afternoon action on Globex, recovering on the back of gains in regional equities after dropping as low as $71.35 earlier in the day.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B70B1B632%2D93E9%2D4FE4%2DA157%2D99B9E571AB2A%7D
 
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