Oil Slick Stuff

Sort by newest Sort by date
04/13/2010 - Updated 7:19 AM ET
1.gif

Oil drops further on expectations of build-up in U.S. stocksIEA questions 'sustainability' as API to report on inventories at 4:30 p.m.
Eastern
1.gif
By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Crude-oil futures dropped below $84 a barrel Tuesday, extending a string of recent losses on expectations of an increase in weekly U.S. inventories.
The International Energy Agency revised slightly higher its 2010 forecast for global demand for oil, but that wasn't sufficient to boost prices.
Crude for May delivery fell 39 cents to $83.95 a barrel in electronic trading on Globex. The contract ended lower on Monday for the fourth consecutive session.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BC85232E4%2D5F21%2D486C%2D9E2C%2D22D1A8A5F733%7D&loc=interstitialskip
 
Last edited:
Are you ready for $5 a gallon gasoline?:nuts:

U.S. to Aid China If Iran Chokes Oil Supply
Dow Jones Newswires
|
Tuesday, April 13, 2010

WASHINGTON (AFP), Apr. 13, 2010
U.S. President Barack Obama vowed to help keep fuel flowing to China if Iran cuts off supplies in retaliation for joining a drive for UN sanctions, The New York times reported Tuesday.
The pledge came in Monday talks between Obama and Chinese President Hu Jintao as the U.S. leader sought to win Chinese support for the gathering drive to impose new UN sanctions on Tehran, the report said.
http://www.rigzone.com/news/article.asp?a_id=90951&hmpn=1
 
Last edited:
It's about time we stopped China's cheating when will it end?:nuts:
Heavy Duties Imposed on Chinese Pipe
by Joe Napsha
|
Knight Ridder/Tribune Business News
|
Tuesday, April 13, 2010

Chinese pipe for the oil and natural gas industries will be slapped with duties ranging from nearly 30 percent to almost 100 percent when they hit the U.S. market because the products were illegally dumped, the government said last Friday.

http://www.rigzone.com/news/article.asp?a_id=90954&hmpn=1
 
Last edited:
04/13/2010 - Updated 10:27 AM ET
1.gif
Oil drops further on expectations of supply glut IEA questions 'sustainability' as API to report on inventories at 4:30 p.m. Eastern
1.gif

By Claudia Assis, MarketWatch & Polya Lesova, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures dropped below $84 a barrel Tuesday, extending a string of recent losses on expectations of an increase in weekly U.S. inventories and a forecast that production in non-OPEC countries will increase.
Crude for May delivery, the most active contract, fell 82 cents to $83.51 a barrel in the Comex division of the New York Mercantile Exchange. The contract ended lower on Monday for the fourth consecutive session.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BC85232E4%2D5F21%2D486C%2D9E2C%2D22D1A8A5F733%7D
 
Last edited:
04/14/2010 - Updated 7:25 AM ET
1.gif

Crude rebounds as upbeat earnings reports boost sentimentEnergy Information Administration will release data on petroleum inventories
1.gif

By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures rose on Wednesday, rebounding after five sessions of losses, as upbeat earnings reports from Intel Corp. and J.P. Morgan Chase & Co. boosted sentiment on Wall Street and in the energy markets.
Crude oil for May delivery rose 82 cents, or 1%, to $84.87 a barrel in electronic trading on Globex.
markets=COMMODITIES&guid=%7B0C386268%2D77C5%2D4BCE%2DACC1%2D793A7986DCAD%7D
 
Last edited:
04/14/2010 - Updated 9:55 AM ET
1.gif
Crude holds gains after U.S. data, awaits stockpiles report
1.gif

By Polya Lesova, MarketWatch & Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures rose Wednesday, on the rebound after five sessions of losses, but investors will be watching closely for what a government report on U.S. inventories for last week shows.
2DACC1%2D793A7986DCAD%7D
 
Last edited:
Market Update

10:30 am : In recent trading activity, the US Dollar Index has moved back into positive territory, which has creating selling pressure on most commodities.

After trading in positive territory for most of today's session, May crude oil hit session highs, at the time, of $85.07 per barrel 30 minutes before pit trading began. After hitting those highs, crude trended lower and was modestly higher ahead of inventory data, which called for a build of 1.3 million barrels. Following the data, which showed a draw of 2.2 million, crude ticked higher to $85.00 per barrel, but is currently at $84.73 per barrel, up 0.8%.

http://finance.yahoo.com/marketupdate/overview?u
 
Last edited:
04/14/2010 - Updated 1:43 PM ET
1.gif


Oil advances as U.S. inventories show surprise drawdownMay and June crude contracts rally to top $86 a barrel
1.gif


By Claudia Assis, MarketWatch & Polya Lesova, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures extended their upward march on Wednesday as a government report showed an unexpected decrease in inventories last week and as a key U.S. stock benchmark rose to a multi-month high.
Crude for May delivery added $2, or 2.4%, to $86.05 a barrel in the Comex division of the New York Mercantile Exchange.
http://markets.usatoday.com/custom/...S&guid={0C386268-77C5-4BCE-ACC1-793A7986DCAD}
 
Last edited:
04/15/2010 - Updated 5:37 AM ET

1.gif
Oil futures drop below $86 as dollar gains vs. major rivals China's economy grew 11.9% in first quarter of 2010, data showed Thursday
1.gif

By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Crude futures edged lower on Thursday, as the U.S. dollar's rise against other major currencies encouraged traders to lock in some recent gains.
Crude oil for May delivery, the front-month contract, dropped 27 cents, or 0.3%, to $85.57 a barrel in electronic trading on Globex.
story.asp?markets=COMMODITIES&guid=%7BE75984A7%2D7BB0%2D46B1%2D954C%2DBD9DBBECE04B%7D
 
Last edited:
04/15/2010 - Updated 11:04 AM ET
1.gif

Oil inches up as investors focus on economic bright spotsNatural gas prices turn lower after a larger-than-expected increase in storage
1.gif

By Polya Lesova, MarketWatch & Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures ticked higher Thursday as investors appeared to be focusing on the few bright spots in the day's round of economic data.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BE75984A7%2D7BB0%2D46B1%2D954C%2DBD9DBBECE04B%7D
 
Last edited:
04/16/2010 - Updated 6:43 AM ET
1.gif

Crude futures fall as traders await economic data Stock futures point to a lower opening on Wall Street amid earnings reports
1.gif

By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Crude prices dropped on Friday, as stock futures indicated a lower opening on Wall Street and traders awaited U.S. economic data that may provide clues on state of the economic recovery.
Crude for June delivery, the most active contract, dropped 87 cents to $85.88 a barrel in electronic trading on Globex. It had finished virtually unchanged in the previous session.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BCF5FCDBA%2D78FC%2D41A9%2D886F%2DBD10C6652FCB%7D
 
Last edited:
They really need to clean up their mess when the're finished!!:nuts:

Exxon’s Oozing Texas Oil Pits Haunt Residents as XTO Deal Nears

By Joe Carroll


data


April 16 (Bloomberg) -- Bo Vavrusa was heaping dirt into the path of a wildfire on a Texas ranch in October 2007 when his tractor rammed an Exxon Mobil Corp. natural-gas pipe hidden in a thicket. Flames engulfed the tractor, burning his face, arms and hands as he fled.
http://www.bloomberg.com/apps/news?pid=20601109&sid=aCpnUVV7D6eI&pos=10
 
Last edited:
Market Update

10:30 am : The US Dollar Index fell sharply in recent trade, which gave a boost to most commodities. However, the dollar index remains in positive territory, up 0.2%.

May crude oil has traded in negative territory all session. Crude hit lows of $83.65 per barrel shortly after the open of pit trading and has bounced almost $1 off those lows. Currently, crude is trading at $84.41 per barrel, down 1.1%.

http://finance.yahoo.com/marketupdate/overview?u
 
Last edited:
Big drop in oil and gas fueled by the Goldman Sucks debacle! I like cheaper energy but this isn't how I like to get it!! BUT THE DOLLAR IS UP??? 80.790 +0.308 (+0.40%)????? That always makes Oil and Gas cheaper!:suspicious:
 
Dollar up because any port in a storm? (just a guess)
Hopefully this is a tempest in a teapot (aka Goldman Sacs pout)
 
I hope so too Silverbird, the market needed a reason to consolidate and this MAY have been it?:worried:
 
04/16/2010 - Updated 4:22 PM ET
1.gif

Crude extend losses as Goldman news triggers selloff, Gasoline futures worst hit following API data on production record high
1.gif

By Claudia Assis, MarketWatch & Polya Lesova, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil settled 2.4% lower Friday on a selloff triggered by news that the U.S. Securities and Exchange Commission charged Goldman Sachs, one of the largest commodities brokers, with fraud.
Crude for June delivery, the most active contract, lost $2.08 to settle at $84.67 a barrel in the New York Mercantile Exchange. Crude for May delivery, the front-month contract, settled $2.27 lower at $83.24 a barrel.
http://markets.usatoday.com/custom/...S&guid={CF5FCDBA-78FC-41A9-886F-BD10C6652FCB}
 
Last edited:
Hi Nnuut,
...just wondering, should we all wait to fill-up, like Monday? or Tuesday? :rolleyes:
OK, kidding aside, it is good to see the speculators step-aside - Or think it is it something more - like gov. corruption/intervention that leads to the absurd prices in the first place! :blink:
VR
Prices at the pump, surrounding DC have been ~$2.99 thru last week.
 
You must log in or register to reply here.
Back
Top