Oil Slick Stuff

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nnuut said:
The Dollar is lower which should make Gas and Oil prices rise, but inventories are higher which should lower prices. Along with disappointing earnings in Energy Stocks this should be a fight, right now higher prices are winning!:sick:
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It seems Price that won this one, AGAIN!:eek: drugs.gif
 
nnuut said:
It seems Price that won this one, AGAIN!:eek: View attachment 8433
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Yep, best excuse I can find is that GS mouthpiece spouted off about a speculative bet that China might reprice...

But, I would always check the rules:

1. Markets up? industry needs energy = oil price up
2. Markets down? commodities are "more" attractive = oil price up
3. Dollar up? signs of economic recovery = oil price up
4. Dollar down? commodities are safe haven bet = oil price up
5. crude inventories up? demand is "coiling" = oil price up
6. crude inventories down? demand is increasing = oil price up
7. unemployment up? oil is attractive at any price = oil price up
8. unemployment down? see, demand will increase = oil price up
9. some ol' frog breaks wind in a south georgia swamp? = oil price up

--- I think I got it right... let me know if I missed anything. :laugh::laugh:
 
02/18/2010 - Updated 9:37 PM ET
Oil futures pull back as dollar strengthens
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By Myra P. Saefong, MarketWatch

TOKYO (MarketWatch) -- Crude-oil futures fell in late Friday morning trading in Asia, as strength in the U.S. dollar fueled a broad retreat among commodities, pulling oil prices further away from the key $80 level.
Crude for March delivery was down 87 cents at $78.19 per barrel in electronic trading on Globex by the end of the morning trading session in Tokyo.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B3421BE90%2D3145%2D4BE1%2DA27F%2D38612E7125D7%7D
 
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02/19/2010 - Updated 9:29 AM ET
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Oil futures flat, paring earlier losses
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By Polya Lesova, MarketWatch & Myra P. Saefong, MarketWatch

FRANKFURT (MarketWatch) -- Crude-oil futures traded little changed on Friday, paring most of their earlier losses, as the U.S. dollar declined after data showed consumer prices rose last month.
Crude for March delivery fell 7 cents to $78.99 a barrel in electronic trading on Globex.
%2D4BE1%2DA27F%2D38612E7125D7%7D
 
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nnuut said:
02/19/2010 - Updated 9:29 AM ET
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"I do find that oil moves in the opposite direction to the value of the dollar," said Charles Perry, president of energy-consulting firm Perry Management.
"However, oil moves a lot for very little change in the dollar," he said, estimating that oil prices change about $1 when the dollar moves maybe only 1 cent.
"Change in the two are not proportional," Perry said.http://markets.usatoday.com/custom/...S&guid={3421BE90-3145-4BE1-A27F-38612E7125D7}
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Is this Charles Perry actually watching what has been going on recently or is he actually paying attention to today's dollar / oil correlation? Maybe he's just happy his firm's getting the "free" plug. :rolleyes:
 
The relationship between the dollar and the price of Oil/Gas is effected by other drivers along with the dollar. Supply, economy, refinery capabilities, political upheaval, WAR and manipulation confuse the the issue to no end. At times it is very confusing, but one thing you can count on tis that NOTHING happens by accident!:cool:
 
Gas prices are all over the place..mostly UP..the 7-11 I use for the daily monitor is an E10 station and is still holding at $2.37
 
02/21/2010 - Updated 10:48 PM ET
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Oil above $80 for first time in over a monthUpbeat U.S., China data boost prospects for oil demand
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By Myra P. Saefong, MarketWatch

TOKYO (MarketWatch) -- Crude-oil futures climbed Monday morning in Asia to top $80 a barrel for the first time in more than a month, extending last week's strength, with traders upbeat about the prospects for oil demand from the world's two biggest energy consumers.
"Oil prices are benefitting from positive economic data and from a tightening global market balance," analysts at Credit Suisse said in a research note issues Monday.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B4CF704B0%2DF8F8%2D4D13%2DA595%2D4AB4A859933C%7D
 
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DRILL DRILL DRILL!!
Fla. Legislators Consider Lifting Offshore Drilling Ban
by Josh Hafenbrack
|
The Miami Herald
|
Monday, February 22, 2010

By now, the arguments are well rehearsed. Offshore oil drilling is either a dangerous gamble with Florida's beach-driven tourism industry, or a potential job creation and tax windfall.

http://www.rigzone.com/news/article.asp?a_id=88162&hmpn=1
 
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02/22/2010 - Updated 10:48 AM ET
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Oil falls below $80 as U.S. equities fallUpbeat U.S., China data boost prospects for oil demand
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By Laura Mandaro, MarketWatch & Myra P. Saefong, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures pared gains Monday, tracking a pullback in U.S. equities, after earlier topping $80 a barrel for the first time in more than a month.
Crude for March delivery recently traded 13 cents, or 0.2%, higher at $79.94 a barrel in choppy trading. Earlier the contract, which expires at http://markets.usatoday.com/custom/...S&guid={4CF704B0-F8F8-4D13-A595-4AB4A859933C}
 
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UP...Down...UP...Down...UP....Down

The market in it's attempt to follow OIL looks like an EKG of someone on their death bed...

b
 
Im balanced - got one big ol station wagon and a little two seater.

Price goes down, drive the Roadmaster. Price goes down, drive the Reatta.
 
Gasoline heading above $3 a gallon by this summer

Fuel is getting more expensive, but don't expect the price spikes of 2008





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UNG8.99-0.20
USO39.02-0.07
XOM65.40-0.47




Chris Kahn, AP Energy Writer, On Monday February 22, 2010, 3:20 pm EST
NEW YORK (AP) -- Retail gas prices likely bottomed out last week, and they're again headed to above $3 a gallon this summer, experts said Monday. [more]
http://finance.yahoo.com/news/Gasol...80.html?x=0&sec=topStories&pos=3&asset=&ccode=
 
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