Oil Slick Stuff

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Buster said:
I firmly believe now that OIL trends are the true indicator (lately) of how the markets will go (S fund at least)..When Oil starts it's up trend again, I'm back in.;)
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Here we go again, Oil and Gas Up and the Market Pops!!
 
09/28/2009 - Updated 10:38 AM ET
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Oil futures rise after last week's 8.4% tumble Natural gas slumps 5% after huge rally
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By Polya Lesova, MarketWatch & Nick Godt, MarketWatch

NEW YORK (MarketWatch) -- Crude oil futures turned higher on Monday, after tumbling 8% last week, receiving a lift as the dollar came off earlier highs and amid heightened geopolitical tensions after Iran test-fired short-range missiles.
Uncertainty over supply from the Middle East is generally supportive of oil markets, said Ken Hasegawa, commodity derivatives sales manager at Newedge Japan in Tokyo.
http://markets.usatoday.com/custom/...S&guid={5E02D912-3C5A-435B-9D85-55B9B5007A99}
 
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09/29/2009 - Updated 6:29 AM ET
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Crude futures hold at $66 level
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By MarketWatch,

LONDON (MarketWatch) -- Crude-oil futures held their ground at the $66-a-barrel level Tuesday, as concerns about tepid demand continue to weigh on the key energy contract.
Light sweet crude-oil futures fell 26 cents to stand at $66.58 a barrel in electronic trading.
Even though crude rose on Monday, analysts pointed out that the futures contract didn't climb as much as stocks did, indicating that what's http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B4B663041%2D0A50%2D419A%2DB5C1%2D439D7BFC58C1%7D
 
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Crude futures drop but hold above $66 level
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By MarketWatch,

NEW YORK (MarketWatch) -- Crude-oil futures fell on Tuesday, pressured by a stronger dollar and as a mixed batch of U.S. economic reports fueled concerns about tepid demand.
Crude oil for November delivery was down 38 cents, or 0.6%, to $66.46 a barrel on the New York Mercantile Exchange. It earlier fell to an intraday low of $65.82 a barrel and rose to a high of $67.33.
http://markets.usatoday.com/custom/...S&guid={4B663041-0A50-419A-B5C1-439D7BFC58C1}
 
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If there is a gain the price should drop, and that may effect the MARKETS!:cool:


09/30/2009 - Updated 7:10 AM ET
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Oil futures gain 2% ahead of data on petroleum inventories Analysts expect EIA data to show build-ups in crude, gasoline, distillate stocks
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures rose above $67 a barrel early Wednesday, as dollar weakness boosted market sentiment ahead of government data that's expected to show a rise in petroleum inventories.
Crude oil for November delivery gained $1.15, or 1.8%, to $67.86 a barrel in electronic trading on Globex. The contract ended marginally lower on Tuesday.
http://markets.usatoday.com/custom/...S&guid={0C183205-D3BB-40F8-9FAF-E3FA49C05617}
 
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09/30/2009 - Updated 11:17 AM ET
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Oil rises as data show rising gasoline demand
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By Moming Zhou, MarketWatch & Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil and gasoline futures rose Wednesday, after government data showed a surprising decrease in gasoline inventories last week as demand increased and gasoline imports slumped.
Also helping futures move higher, the U.S. dollar weakened and economic data showed the U.S. gross domestic product shrank in the second quarter at a smaller pace than earlier forecast. Meanwhile, a report based on a sampling of ADP payrolls showed U.S. private-sector firms in September shed the fewest jobs since July 2008.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B0C183205%2DD3BB%2D40F8%2D9FAF%2DE3FA49C05617%7D
 
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Oil and Gas spiking at the end of the day, Dollar down .63%, let's see how the Market reacts?:cool:
 
Loss for the day with Oil/Gas rising and dollar falling!!!??? Opposite of how it has been working.:confused:

10/01/2009 - Updated 6:49 AM ET
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Oil futures move lower after 5.8% rally in previous session
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures moved lower early Thursday, as investors locked in some gains after prices rallied nearly 6% in the previous session.
Crude oil for November delivery dropped 65 cents, or 0.9%, to $69.96 a barrel in electronic trading on Globex. The contract earlier hit an intraday low of $69.78 a barrel.
http://markets.usatoday.com/custom/...S&guid={3F6ECE8F-FA3A-48CF-A297-743E5981D677}
 
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Markets tumbling... dollar rising... oil supply up... so naturally crude oil price is (drumroll please) increasing???!!!!????
 
Worked 12 to 8AM this morning, just got out of the bed! Market is not behaving well!!!:mad:
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Buster said:
If I were to buy in I would have done it tomorrow NOON..
Unhappy investors knock 203 off Dow


Worries about weak manufacturing and lack of job growth increase. Watch Friday's jobs report.
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At least!!:D

10/02/2009 - Updated 5:59 AM ET
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Oil futures drop below $70 a barrel ahead of jobs report U.S. nonfarm payrolls probably fell by 167,000 in September
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures fell below $70 a barrel early Friday, as economic concerns dominated sentiment ahead of a key report on the state of the U.S. labor market.
Crude oil for November delivery dropped 98 cents, or 1.3%, to $69.84 a barrel in electronic trading on Globex. The contract earlier hit an intraday low of $69.62 a barrel.
http://markets.usatoday.com/custom/...S&guid={17D85961-BE5F-43DF-B575-5304DE477619}
 
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Well, it can't get to $50/bbl quick enough for me. Funny how reports come out and there's more talk about contango when the oil market doesn't make sense ...
 
Just got out of bed, this Graveyard shift is KILLIN' ME!!! eyes2a.gif
Oil and Gas UP for the week AGAIN.:(
 
http://uk.reuters.com/article/idUKN0182993220091002

Nice to see Rex finally admitting biofuels having an effect--albeit with Exxon this is begrudgingly.

Here's the whole article;

U.S. gasoline demand has peaked - Exxon CEO
Fri Oct 2, 2009 4:16am BST


  • Market News
WASHINGTON, Oct 1 (Reuters) - U.S. gasoline demand peaked in 2007 and will decline into the future as efficiency and the development of biofuels and high-tech cars like hybrids speed up, Exxon Mobil Corp's (XOM.N) top executive said on Thursday.
 
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