Oil Slick Stuff

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02/03/2010 - Updated 7:33 AM ET
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Oil futures rise above $77 a barrel ahead of supply data Energy Information Administration will report inventories at 10:30 a.m. Eastern
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures traded above $77 a barrel on Wednesday, continuing to rise on optimism about the pace of the global economic recovery, as traders awaited government data on petroleum inventories.
Crude oil for March delivery gained 36 cents, or 0.5%, to $77.59 a barrel in electronic trading on Globex. The contract earlier rose to an intraday high of $78.06 a barrel.
http://markets.usatoday.com/custom/...S&guid={573B7767-3E73-48B8-B64D-9A1179320B71}
 
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Inventory data UP!
Market Update

10:30 am :
March crude oil was flat ahead of this morning's inventory data after pulling off of overnight highs of $78.04 per barrel. Inventory data showed a build of 2317K vs. the consensus build of 400K. Crude saw a muted reaction to the data and is currently up three cents at $77.26. March natural gas moved into positive territory overnight and hit new session highs of $5.558 per MMBtu in recent trade. Currently, the energy component is trading at $5.536 per MMBtu, up 1.5%.
http://finance.yahoo.com/marketupdate/overview?u
 
Oil is UP, Gas is DOWN! :worried:

Gasoline jumps after unexpected supply drop

Gasoline futures surge after government supply report shows unexpected decline




By Chris Kahn, AP Energy Writer , On Wednesday February 3, 2010, 11:43 am EST
NEW YORK (AP) -- Gasoline futures jumped nearly 2 percent Wednesday after the government reported a surprise drop in the nation's supply.
This could eventually tug pump prices higher, but so far that hasn't happened. Retail gas prices have tumbled for three straight weeks.
The Energy Information Administration reported that gasoline stockpiles fell by 1.3 million barrels last week. Supplies sank as U.S. refineries continued to churn out less fuel.
http://finance.yahoo.com/news/Gasol...20.html?x=0&sec=topStories&pos=3&asset=&ccode=
 
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Oil falls on surprise supply build

By Blake Ellis, staff reporterFebruary 3, 2010: 4:00 PM ET

NEW YORK (CNNMoney.com) -- Oil prices fell Wednesday after a government report showed that crude supplies surprisingly jumped last week.
What prices are doing: Crude oil for March delivery fell 25 cents, to settle at $76.98 a barrel, reversing the week's gains.


Click on chart to view oil prices.

What's driving prices: http://money.cnn.com/2010/02/03/markets/oil/index.htm
 
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nnuut said:
Looks like they are a little quick on the price adjustments? That's questionable to me.:worried:
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No Doubt!!!

But we both know that GREED is the driving reason..

One station near by, keeps their price at $2.50 and never changes it...I suppose he's profiting big time when gas went down, and breaks even when gas goes up.
 
02/04/2010 - Updated 7:28 AM ET
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Crude futures drop 1% on concerns over weak demand
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Crude-oil futures dropped on Thursday, extending their recent losses, as U.S. data showing an increase in crude inventories continued to weigh on sentiment and rekindled concerns over weakness in energy demand.
Crude for March delivery fell 76 cents, or 1%, to $76.22 a barrel in electronic trading on Globex. It earlier touched an intraday low at $76.05 a barrel.
http://markets.usatoday.com/custom/...S&guid={8F6E65EC-5921-43F0-9594-945749EEBA00}
 
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Feb. 4, 2010, 10:26 a.m. EST ·

Crude futures drop 3% on dollar, concerns over demand
Petroleum products also move lower; energy traders await gas-in-storage data


By Polya Lesova, MarketWatch


FRANKFURT (MarketWatch) -- Crude-oil futures dropped below $75 a barrel, accelerating their Thursday losses, as U.S. data showing an increase in crude inventories continued to weigh on sentiment and reinforced concerns over weakness in energy demand.
Also exerting selling pressure on energy contracts, the dollar surged to the highest level since July against other major currencies. The dollar index /quotes/comstock/11j!i:dxy0 (DXY 79.89, +0.52, +0.65%) , which tracks the greenback against a trade-weighted basket of six major currencies, rose to 79.793 from 79.369 late Wednesday.
http://www.marketwatch.com/story/oil-futures-drop-1-on-concerns-over-weak-demand-2010-02-04
 
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02/04/2010 - Updated 11:44 AM ET
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Crude futures drop 5% on dollar, concerns over demand Petroleum products also move lower; natural gas off 3% after supplies data
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By Polya Lesova, MarketWatch & Nick Godt, MarketWatch

NEW YORK (MarketWatch) -- An accelerating slide in futures brought the price of a barrel of crude oil below $74 on Thursday, as a surprise increase in U.S. jobless claims, debt woes in Europe and a rising dollar fueled concerns about demand.
Crude for March delivery dropped $3.81, or 5%, to $73.17 a barrel in electronic trading on Globex. It earlier touched an intraday low at $74.24 a barrel. [more]
http://markets.usatoday.com/custom/...S&guid={8F6E65EC-5921-43F0-9594-945749EEBA00}
 
02/05/2010 - Updated 7:03 AM ET
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Oil futures edge higher ahead of U.S. payrolls report Crude prices slumped 5% on Thursday amid a broad sell-off in commodities
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures traded marginally higher on Friday after their 5% decline in the previous session, as traders awaited data expected to show the second increase in U.S. payrolls since the beginning of the recession.
Crude oil for March delivery gained 40 cents to $73.54 a barrel in electronic trading on Globex.
http://markets.usatoday.com/custom/...S&guid={8EC2A9E1-E7F5-4A6A-A71B-EA635EA8EF48}
 
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02/05/2010 - Updated 8:57 AM ET
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Oil futures trade near $73 a barrel after U.S. payrolls report Crude prices slumped 5% Thursday amid a broad sell-off in commodities
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures straddled the $73-a-barrel level in volatile trading Friday after the government reported that the U.S. unemployment rate edged lower in January, but nonfarm payrolls unexpectedly declined.
Crude oil for March delivery was up 8 cents at $73.22 a barrel in electronic trading on Globex. The contract moved in and out of positive territory several times, as traders digested the economic news.
http://markets.usatoday.com/custom/...S&guid={8EC2A9E1-E7F5-4A6A-A71B-EA635EA8EF48}
 
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I just got my 550/gallon tank filled yesterday. I did my DD before getting the best price of 2.529/gallon. I called 8 different companies and haggled between the top two companies offering the best prices.

Anyone interested in this area. Quarles is the company I got the price of 2.529/gallon for heating oil.

Same time 1 year ago I paid 2.189/gallon.
 
poolman said:
I just got my 550/gallon tank filled yesterday. I did my DD before getting the best price of 2.529/gallon. I called 8 different companies and haggled between the top two companies offering the best prices.

Anyone interested in this area. Quarles is the company I got the price of 2.529/gallon for heating oil.

Same time 1 year ago I paid 2.189/gallon.
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We're lucky to be able to use Heat Pumps down here in Georgia!:cool:$$$$$$
 
nnuut said:
We're lucky to be able to use Heat Pumps down here in Georgia!:cool:$$$$$$
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Yes, I know about heat pumps and the cost once the temps get below 32 degrees and then you get to watch your electric meter spin like a top.

Lot's of those around here too. No Thanks. :)
 
poolman said:
Yes, I know about heat pumps and the cost once the temps get below 32 degrees and then you get to watch your electric meter spin like a top.

Lot's of those around here too. No Thanks. :)
Click to expand...

My last electric bill was $171 I don't think that's bad at all considering the Global Warming FREEZE UP.:laugh:
 
The Stronger dollar is killing Gas and Oil and Gas and Oil is helping Europe KILL the Markets today!:worried:
 
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