Oil Slick Stuff

Oil edges higher

Prices rise above $77 as the U.S. dollar weakens and investors bet the Dubai debt crisis will be contained. But sentiment remains wary.

Last Updated: November 30, 2009: 3:10 PM ET

Click the chart for current oil prices.
NEW YORK (Reuters) -- Oil prices rose slightly Monday as the weak dollar provided support, outweighing concerns over debt-laden Dubai and its impact on the global economy.

U.S. light crude oil futures for January were up $1.23, or 1.62%, and settled at $77.28 a barrel.
Signs of a sluggish recovery in oil demand and high fuel stockpiles in the United States have kept a lid on crude prices, which are set for a fall of around 0.5% this month, their first decline since [more]
http://money.cnn.com/2009/11/30/markets/oil.reut/index.htm
 
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12/01/2009 - Updated 7:49 AM ET
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Oil futures rise above $78/brl ahead of inventory data
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures rose above $78 a barrel on Tuesday, as worries over Dubai World's debt woes eased and the dollar declined, boosting sentiment in the energy markets.
Crude oil for January delivery gained 89 cents, or 1.2%, to $78.19 a barrel in electronic trading on Globex. It earlier rose to an intraday high of $78.44 a barrel.
http://markets.usatoday.com/custom/...S&guid={B2D7E32D-F631-4E00-8DF0-EDBE19C641E0}
 
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12/01/2009 - Updated 10:30 AM ET
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Oil rises for second day on China, U.S. data
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By Moming Zhou, MarketWatch & Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Oil futures rose Tuesday for a second session, topping $78 a barrel as data in the U.S. and China showed the manufacturing sector in the world's two biggest oil consumers continued to expand.
Expectations that an industry group and the U.S. government will report a decline in U.S. crude inventories also helped oil move higher. Meanwhile, a weaker U.S. dollar continued to boost commodities prices. [more]
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BB2D7E32D%2DF631%2D4E00%2D8DF0%2DEDBE19C641E0%7D
 
12/02/2009 - Updated 6:42 AM ET
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Oil futures fall below $78-barrel as data show rising supplies American Petroleum Institute says crude, gasoline supplies rose last week
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Crude futures fell below $78 a barrel on Wednesday after an industry group reported big increases in petroleum inventories, highlighting that the market remains well-supplied with oil.
Crude oil for January delivery dropped 68 cents, or 0.8%, to $77.69 a barrel in electronic trading on Globex.
http://markets.usatoday.com/custom/...S&guid={7E57CFF2-64D1-419B-AE94-6DF15815E5DB}
 
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Not in my BACKYARD YOU DON'T!!:nuts:

The domestic drilling backlash

From New York to Texas, energy companies have come under fire as natural gas drilling gets close to big cities.

By Steve Hargreaves, CNNMoney.com staff writer
Last Updated: December 2, 2009: 4:41 AM ET


dec_hearing_1.03.jpg
A protester being escorted offstage at a recent New York City hearing on drilling.
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Drill baby drill doesn't ring so well in New York City.
chart_natural_gas_shales_blue6.gif


Geoengineering, or deliberately tinkering with the earth's climate, could help if global warming proves disastrous for mankind, but the ideas are untested and the risks unknown.

NEW YORK (CNNMoney.com) -- "Drill baby drill" is so 2008.
More than a year after Republicans rallied around the now-famous call, a growing number of Americans are saying not-in-my-backyard when it comes to more oil and natural gas drilling.
http://money.cnn.com/2009/12/02/news/economy/drilling/index.htm
 
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Not in my BACKYARD YOU DON'T!!:nuts:

The domestic drilling backlash

From New York to Texas, energy companies have come under fire as natural gas drilling gets close to big cities.
Just wait till they can't pay the price to heat their homes next winter..then they'll sing a different tune..;)
 
12/02/2009 - Updated 10:51 AM ET
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Oil declines as data show rising inventories, weak demand
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By Moming Zhou, MarketWatch & Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Crude futures fell Wednesday for the first session in three after government data showed U.S. crude inventories rose last week as demand remained weak.
Crude stockpiles rose 2.1 million barrels in the week ended Nov. 27, the Energy Information Administration reported. Gasoline inventories increased 4 million barrels and distillate inventories, which include heating oil and diesel, fell 1.2 million barrels.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B7E57CFF2%2D64D1%2D419B%2DAE94%2D6DF15815E5DB%7D
 
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Oil down on weak demand!!! WoooHooo… Now I don’t feel so bad about not trading in the FJ when I purchased the Prius… I’m going to keep that gas guzzler for having some off-road fun…:cool::cool:
 
Oil down on weak demand!!! WoooHooo… Now I don’t feel so bad about not trading in the FJ when I purchased the Prius… I’m going to keep that gas guzzler for having some off-road fun…:cool::cool:
Now yer talking...Happy trails buddy!
 
Radical new engine design

Eco Motors is the name of a new company that has come up with a radically new type of engine. It has two opposing pistons in two contiguous cylinders, connected to a common crankshaft in the middle of the engine. An electric supercharger provides boost on demand. It's a two-stroke engine with no valves, yet still achieves 90% scavenging efficiency with less oil consumption than a four-stroke engine. In other words, it's a two-stroke engine that can meet the strictest emissions standards. It can be made as a spark-ignited or compression-ignition engine, and the diesel version can meet emission standards without using urea.

http://www.autoblog.com/2009/11/30/autoline-on-autoblog-with-john-mcelroy
 
12/02/2009 - Updated 5:23 PM ET
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Oil declines as data show rising inventories, weak demand
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By Moming Zhou, MarketWatch & Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Crude oil futures fell Wednesday for the first session in three after government data showed U.S. crude inventories rose last week as demand remained weak.
Crude stockpiles rose 2.1 million barrels in the week ended Nov. 27, the Energy Information Administration reported. Gasoline inventories increased 4 million barrels and distillate inventories, which include heating oil and diesel, fell 1.2 million barrels.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B7E57CFF2%2D64D1%2D419B%2DAE94%2D6DF15815E5DB%7D
 
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Why cheap oil is here to stay;)

With oil supplies rising and the economy becoming ever more efficient, a super-spike in prices is looking increasingly unlikely.

By Steve Hargreaves, CNNMoney.com staff writer
December 3, 2009: 4:32 AM ET


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NEW YORK (CNNMoney.com) -- Because oil prices have always been directly related to the strength of the economy, a recovery might have seen headlines like these:
http://money.cnn.com/2009/12/03/news/economy/cheap_oil/index.htm
 
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CME (NYMEX) Group data not available today for some reason? I will keep checking back when I get time. Sorry!:embarrest:
 
Still naving problems getting Quotes!!:confused:
Found this on another site.

Oil Falls Toward $76 as Dollar Strengthens

By: Reuters | 03 Dec 2009 | 11:00 AM ET




Oil prices fell on Thursday after comments by the European Central Bank's Chairman on the decision to keep their main interest rate at 1 percent sent the dollar up sharply.
U.S. light, sweet crude [US@CL.1 76.07 -0.53 (-0.69%)] for January delivery fell toward $76 a barrel, after rising as high at $78.95 earlier in the session.

(+0.54%)] was higher.
http://data.cnbc.com/quotes/US@CL.1
 
12/04/2009 - Updated 6:24 AM ET
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Oil futures fall as investors await jobs report
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures fell below $76 a barrel, as caution dominated sentiment ahead of key data on the U.S. labor market due later in the session.
Crude oil for January delivery dropped 63 cents, or 0.8%, to $75.83 a barrel in electronic trading on Globex.
The contract earlier hit an intraday low of $75.57 a barrel.
http://markets.usatoday.com/custom/...S&guid={00DF3FE4-4B8A-4E48-A23F-50BD99F4F2D7}
 
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