Oil Slick Stuff

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Buster, it's going to be over $3 shortly.

Thank goodness I burn E85.

$2.29 still for E85.

Such a deal when gas here is $2.89.
 
Oil stumbles as dollar batters the euro
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By Polya Lesova, MarketWatch & Nick Godt, MarketWatch

NEW YORK (MarketWatch) -- Crude futures finished lower on Thursday on a bearish rise by the dollar and broad weakness in commodity prices.
Crude oil for April delivery finished down 73 cents, or 0.9%, at $82.20 a barrel at the New York Mercantile Exchange.
Oil stayed lower even after U.S. reports showed jobless claims fell in the latest week, manufacturing in the Philadelphia region improved this month and consumer prices were unchanged in February.
http://markets.usatoday.com/custom/...-4679-B3BB-13C0DBA4E366}&loc=interstitialskip
 
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03/19/2010 - Updated 9:13 AM ET
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Crude drops as Greek doubts lift dollar
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By Nick Godt, MarketWatch

NEW YORK (MarketWatch) -- Crude oil futures were lower on Friday, but held onto a small weekly gain, as uncertainty about aid to Greece kept the euro under pressure, lifting the dollar and weighing on commodities.
Crude oil for April delivery was down 34 cents, or 0.4%, at $81.86 a barrel in electronic trade. For the week, the contract remains 0.8% higher.
http://markets.usatoday.com/custom/...S&guid={AE7B15F7-1E98-4321-9575-6E551CF500A3}
 
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03/22/2010 - Updated 6:01 AM ET
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Oil prices drop for a third session on worries about demandIndia's central bank unexpectedly raised interest rates Friday to contain inflation
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures declined for a third session on Monday, as traders worried that potential increases in global interest rates will weigh on the economic recovery and energy demand.
Crude oil for April delivery fell 93 cents, or 1.2%, to $79.75 a barrel in electronic trading on Globex. The contract expires at the close of trading on Monday.
http://markets.usatoday.com/custom/...S&guid={F3CB8797-287B-4413-879E-3AB20813F16A}
 
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03/22/2010 - Updated 10:51 AM ET
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Oil prices drop for a third session on worries about demand
India's central bank unexpectedly raised interest rates Friday to contain inflation
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By Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Oil futures fell for a third session on Monday, as traders worried that potential increases in global interest rates will weigh on the economic recovery and energy demand.
Crude oil for April delivery fell $1.66, or 2.1%, to $79.02 a barrel in electronic trading on Globex. The contract expires at the close of trading on Monday.
http://markets.usatoday.com/custom/...S&guid={F3CB8797-287B-4413-879E-3AB20813F16A}
 
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NUMBERS, NUMBERS who's doing the counting? :nuts:

U.S. Govt Agency Exposes Faults in Key Oil Report
by Brian Baskin

The Wall Street Journal

Friday, March 19, 2010

(THE WALL STREET JOURNAL via Dow Jones), Mar. 19, 2010
The U.S. government faces "critical" shortcomings in producing its oil-inventory data, according to internal Department of Energy documents, casting doubt on figures that affect the production and prices of the world's most important industrial commodity.
http://www.rigzone.com/news/article.asp?a_id=89757&hmpn=1
 
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Firms self-reporting data, antiquated systems, hack-able systems.

Sounds like most reporting systems to me, whether govt or industry, except industry reporting systems are usually more secure so their reports can't be obtained without you paying.

Yes, firms self-reporting data. Shocker. Not only would it be a total waste of money for the government to monitor every oil companies' output, you talk about govt sticking it's nose into things it doesn't belong in, this is one of them. And hiring the qualified people to do this? Sorry, they are the ones in the companies.

Out of date methodology? Yes, that's a government report for you, try to change one line on a form some day.
 
Silverbird said:
Firms self-reporting data, antiquated systems, hack-able systems.

Sounds like most reporting systems to me, whether govt or industry, except industry reporting systems are usually more secure so their reports can't be obtained without you paying.

Yes, firms self-reporting data. Shocker. Not only would it be a total waste of money for the government to monitor every oil companies' output, you talk about govt sticking it's nose into things it doesn't belong in, this is one of them. And hiring the qualified people to do this? Sorry, they are the ones in the companies.

Out of date methodology? Yes, that's a government report for you, try to change one line on a form some day.
Click to expand...
I agree, but what's sad is that these numbers drive the Markets at times, but the BIG GUYS have a much better idea of what the real status is.
 
03/23/2010 - Updated 6:39 AM ET
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Oil futures trade flat as dollar gains; supply data ahead American Petroleum Institute inventories report due at 4:30 p.m. Eastern
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures traded little changed on Tuesday, as the U.S. dollar's strength and expectations of a rise in crude supplies capped gains in the energy markets.
Crude oil for May delivery, the new front-month contract, gained 6 cents to $81.66 a barrel in electronic trading on Globex.
Oil futures finished slightly higher on Monday, reversing intraday losses.
markets=COMMODITIES&guid=%7BCC789B17%2DB5B9%2D44DA%2DA955%2DBC652094B6AE%7D&loc=interstitialskip
 
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James48843 said:
Buster, it's going to be over $3 shortly.

Thank goodness I burn E85.
Click to expand...

Yep James, I would expect you to burn corn-squeezings in a Greenie car.

Me I will stick with GAS, I want the biggest Karbon footprint I can get!! :laugh:

Nnutt you be good now.
 
03/23/2010 - Updated 3:03 PM ET
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Crude ends higher after seesawing much of the sessionAmerican Petroleum Institute's inventories data due at 4:30 p.m. Eastern
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By Claudia Assis, MarketWatch & Polya Lesova, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures fluctuated for most of Tuesday, but managed to end the session slightly higher as traders took their cues from stock and currency markets, both of which also had a volatile day. [more]
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BCC789B17%2DB5B9%2D44DA%2DA955%2DBC652094B6AE%7D
 
03/24/2010 - Updated 11:46 AM ET
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Crude-oil futures fall on inventories glut, rising dollar EIA data show strong buildup in oil inventories
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By Polya Lesova, MarketWatch & Claudia Assis, MarketWatch

NEW YORK (MarketWatch) -- Crude oil clung to losses Wednesday after a government report showed a larger-than-expected buildup in inventories and the euro hit a 10-month low against the dollar.
Oil for May delivery, the most actively traded contract, was down $1.20, or 1.5%, at $80.67 a barrel in electronic trading on Globex.
http://markets.usatoday.com/custom/...S&guid={6A0F5E4C-1554-47F4-9432-98B4388B667C}
 
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