Oil Slick Stuff

04/06/2010 - Updated 11:56 AM ET
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Crude futures up on momentum, demand expectations Traders await data on U.S. petroleum inventories, FOMC minutes
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By Polya Lesova, MarketWatch & Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) -- Oil rose Tuesday, as price momentum and expectations of higher demand won over a rising dollar and a weaker U.S. stock market.
Crude oil for May delivery gained 31 cents to $86.93 a barrel on the New York Mercantile Exchange. The contract earlier hit an intraday high of $86.85 a barrel in electronic trading.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B84CCBFE5%2D937D%2D4259%2DA0DB%2DD1FBF907E182%7D
 
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04/07/2010 - Updated 7:16 AM ET
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Oil futures fall ahead of inventory data, Bernanke speech Energy Information Administration will release supply data at 10:30 a.m. Eastern
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures fell on Wednesday, as expectations of a rise in U.S. crude inventories and indications of a lower opening on Wall Street weighed on sentiment in the energy market.
Crude oil for May delivery dropped 51 cents to $86.33 a barrel in electronic trading on Globex. It had earlier hit an intraday high of $87 a barrel.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B0334D9AD%2DAFE3%2D4F87%2DB594%2D1EEA447AB846%7D&loc=interstitialskip
 
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Market Update

Oil has had a relatively volatile morning. Prices had been down roughly 1% in morning electronic trade, but the loss was almost entirely reversed before news of a larger-than-expected inventory build of 1.98 million barrels was released. Oil prices are down 0.5% to $86.40 per barrel in the wake of the data.
Natural gas prices are also weak. [more]
http://finance.yahoo.com/marketupdate/overview?u
 
Market Update

10:30 am : The US Dollar Index has moved back down near the unchanged line, which has provided some price support to commodities. May natural gas has traded in negative territory for the majority of today's session. Ahead of weekly inventory data, the energy component was trading 1.3% lower at $3.97 per MMBtu. Following the data, which showed a build of 31 bcf versus consensus of a build of 29 bcf, natural gas dropped to new morning lows of $3.86 per MMBtu, now off 13.1 cents at $3.89.
http://finance.yahoo.com/marketupdate/overview?u
 
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04/08/2010 - Updated 12:08 PM ET
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Crude oil extends decline as macro-economic concerns resurfaceNatural gas trims losses as weekly storage report comes as expected, but remains worst-hit energy product Thursday
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By Nick Godt, MarketWatch & Claudia Assis, MarketWatch
NEW YORK (MarketWatch) -- Crude oil futures extended losses Thursday, hit by continued worries about Greece's ability to finance its debts and as the freshest snapshot of U.S. employment showed rising jobless claims.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BDA5BCA59%2DB841%2D4729%2D8F30%2D0838DBAA5C95%7D
 
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04/09/2010 - Updated 7:00 AM ET
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Oil futures rise above $86 a barrel after two days of losses Positive sentiment on Wall Street and dollar weakness boost crude prices
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures rose above $86 a barrel on Friday, as indications of a higher opening on Wall Street and U.S. dollar weakness boosted sentiment in the energy market.
Crude oil for May delivery gained 81 cents, or 1%, to $86.20 a barrel in electronic trading on Globex. It earlier hit an intraday high of $86.45 a barrel.
http://markets.usatoday.com/custom/...-42CD-A644-A1D7DFF0EB10}&loc=interstitialskip
 
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OVER $80 a barrel = PRICE FIXING!!:nuts:

By Myra P. Saefong, MarketWatch
TOKYO (MarketWatch) --
The price of crude-oil futures has jumped more than 70% in the past year and that's left quite a few traders scratching their heads.

After all, at more than 356 million barrels, U.S. commercial crude-oil inventories are "above the upper limit of the average range for this time of year," according to a report from the Energy Department.
Oil May Not Have Enough Fuel For $90 A Barrel


http://www.marketwatch.com/story/oils-moves-leave-traders-scratching-their-heads-2010-04-09
 
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04/09/2010 - Updated 11:25 AM ET
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Oil futures edge lower as energy-demand fears clip gainsPrices fluctuate, lately slipping back from intraday high of $86 a barrel
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By Nick Godt, MarketWatch & Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) -- Oil futures fluctuated Friday as those who are skeptical of a pickup in energy demand appeared to win over those pointing to positive sentiment in Wall Street and dollar weakness as supportive of crude prices. http://markets.usatoday.com/custom/...S&guid={F49488EE-1E90-42CD-A644-A1D7DFF0EB10}
 
Hal Lindsey - What Oil Shortage?:blink:

This say it all..best evidence yet and plainly put..

 
Denali Alaska Pipeline to Cost $35B
by Edward Welsch

Dow Jones Newswires

Friday, April 09, 2010

OTTAWA (Dow Jones), Apr. 9, 2010
BP and ConocoPhillips' Denali Alaska gas pipeline project said Wednesday that the cost to build a natural gas pipeline from Alaska's North Slope into Canada would be $35 billion.
The cost estimate removes some of the uncertainty about the viability of the project, which is competing head to head with another pipeline project by Exxon Mobil Corp. and TransCanada Corp. Denali also is striving to be competitive amid an oversupply of natural gas in North America. [more]
http://www.rigzone.com/news/article.asp?a_id=90823&hmpn=1
 
Oil prices dip despite weak dollar


Chavon Sutton, staff reporter, On Monday April 12, 2010, 9:22 am EDT

Oil prices fell in Monday trading as investors remained bearish about signs of stability in Greece and global demand.
What prices are doing: Crude oil for May delivery slipped 38 cents to $84.54 a barrel on Monday.
What's moving the market: Investors cautiously digested news of a solution in Greece.
http://finance.yahoo.com/news/Oil-p...47.html?x=0&sec=topStories&pos=8&asset=&ccode=
 
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04/12/2010 - Updated 11:28 AM ET
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Crude-oil prices edge higher, top $85 a barrelMarket fluctuates earlier in session; upward move still tentative, investors say
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By Nick Godt, MarketWatch & Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures headed modestly higher Monday as traders shifted focus to the weakened dollar and optimism about the global recovery.
Crude for May delivery, the most active contract, gained 51 cents, or 0.6%, to $85.43 a barrel on the Comex division of the New York Mercantile Exchange.
"There are not a lot of people who want to sell," said Kyle Cooper, managing director of IAF Advisors in Houston, Texas. "There's still a lot of optimism, enthusiasm for the economy finding a bottom and moving higher."
Prices opened higher only to fall as the morning trade progressed. [more]
http://markets.usatoday.com/custom/...S&guid={ED6F67E6-9D48-4113-BF07-207255CD194B}
 
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