Oil Slick Stuff

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.
I really think the price is being artificially pumped up, if you look at demand, inventories etc. it all tells me that we have a glut of oil and gas and the demand isn't that high, it's all about making money!:suspicious:
 
04/19/2010 - Updated 7:39 AM ET
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Oil falls to three-week low under $81
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By Polya Lesova, MarketWatch & Myra P. Saefong, MarketWatch

FRANKFURT (MarketWatch) -- Crude futures dropped 3% on Monday, extending recent declines to touch their lowest level in three weeks on continued concerns over U.S. regulators' fraud charge against Goldman Sachs Group Inc.
http://markets.usatoday.com/custom/...S&guid={84D50679-6444-4C20-9C72-560F278C7534}
 
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04/19/2010 - Updated 9:57 AM ET
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Oil falls to three-week low, dips below $81
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By Claudia Assis, MarketWatch & Polya Lesova, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude oil's front-month contract dropped below the $81 mark Monday, extending recent declines to touch its lowest level in three weeks on continued concerns over fraud charges against Goldman Sachs Group Inc., the largest commodities broker.
Crude for May delivery, the front-month but thinly traded contract, fell $2.20, or 2.6%, to $81 per barrel in the Comex division of the New York Mercantile Exchange.
http://markets.usatoday.com/custom/...S&guid={84D50679-6444-4C20-9C72-560F278C7534}
 
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04/19/2010 - Updated 1:36 PM ET
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Oil futures fall on jitters over Goldman Sachs
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By Claudia Assis, MarketWatch & Polya Lesova, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures dropped Monday on market jitters over the potential impact of Goldman Sachs Group Inc.'s fraud charge.
Crude oil for June delivery, the most active contract, retreated $1.62 a barrel, or 1.9%, to $83.04, paring some of its losses.
http://markets.usatoday.com/custom/...S&guid={84D50679-6444-4C20-9C72-560F278C7534}
 
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Goldman and volcano take down oil prices

Oil drops to around $81 as traders eye Goldman charges, volcanic ash disruptions

A passenger from Switzerland, left, who stayed for two days at the airport, sits down and uses a PC at New Tokyo International Airport in Narita, near Tokyo, Monday, April 19, 2010. Several thousand air passengers are stranded in Asia as flights are grounded because of a massive cloud of ash from an Icelandic volcano has paralyzed European airports.(AP Photo/Koji Sasahara)

http://finance.yahoo.com/news/Goldm...64.html?x=0&sec=topStories&pos=1&asset=&ccode=
 
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04/20/2010 - Updated 9:01 AM ET
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Crude rebounds as stock futures rise; supply data ahead American Petroleum Institute will report supply data at 4:30 p.m. Eastern time
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures rebounded on Tuesday after two sessions of steep declines, as indications of a higher opening on Wall Street boosted sentiment in the energy markets.
Crude oil for June delivery, the most active contract, rose 76 cents to $83.89 a barrel in electronic trading on Globex.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B6276F418%2D4E0A%2D45C4%2DBF63%2D4C021E9BC44C%7D
 
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04/20/2010 - Updated 4:50 PM ET
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Crude ends higher on earnings outlook; more supply American Petroleum Institute reports increase in oil inventories
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By Claudia Assis, MarketWatch & Polya Lesova, MarketWatch

SAN FRANCISCO (MarketWatch) -- Oil futures ended higher on Tuesday after two sessions of steep declines, as a rise in U.S. stocks on better earnings reports helped support sentiment in the energy markets.
Crude oil for June delivery, the most active contract, rose 72 cents, or 0.9%, to $83.85 a barrel on the Comex division of the New York http://markets.usatoday.com/custom/...S&guid={6276F418-4E0A-45C4-BF63-4C021E9BC44C}
 
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I paid 2.66/gal at Walmart Murphy gas Fayetteville AR yesterday the 19th.

Was that Planet of the Apes?
 
04/21/2010 - Updated 9:27 AM ET
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Crude holds steady ahead of inventory data
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By Kate Gibson, MarketWatch

NEW YORK (MarketWatch) -- Oil futures edged higher Wednesday ahead of a report expected to show a decline in U.S. crude inventories last week.
Crude for June delivery added 24 cents to $84.09 a barrel on the Comex division of the New York Mercantile Exchange, while the contract for July delivery gained 61 cents to $85.86.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B3A8F1585%2D8594%2D4B62%2D97E8%2DE9E7DCEABB96%7D
 
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10:30 am : The Dollar Index has pulled back off of earlier session highs, which has provided price support to most commodities.

June crude oil traded in positive territory overnight and in early morning activity, but fell into the red around 7:30ET. The energy component hit session lows of $83.61 per barrel shortly after, but picked up strength and pushed back into positive territory ahead of inventory data. Following inventory data, which showed a build of 1.894 million versus consensus of a draw down of 750,000 barrels, crude fell to session lows of $83.40 per barrel, now at $83.63 per barrel, down 0.3%.

http://finance.yahoo.com/marketupdate/update
 
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04/21/2010 - Updated 2:41 PM ET
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Crude oil torn by heating-oil gains, inventories jumpResumption of Northern Europe flights boosts jet-fuel equivalents
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By Laura Mandaro, MarketWatch & Kate Gibson, MarketWatchSAN FRANCISCO (MarketWatch) -- Crude-oil futures struggled to hold gains Wednesday, as a surprise jump in inventories data offset an advance in fuel products after airlines resumed some flight services in Northern Europe.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B3A8F1585%2D8594%2D4B62%2D97E8%2DE9E7DCEABB96%7D
 
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04/22/2010 - Updated 6:59 AM ET
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Oil futures drop as sentiment sours on Greek deficit worries European equities, U.S. stock futures drop as Greek deficit revised higher
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures dropped on Thursday, as equity markets posted losses and the dollar strengthened on news that Greece's budget deficit was bigger than previously estimated.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B60A61E6C%2D8667%2D49BD%2D80AD%2D2418A86DA3E3%7D&loc=interstitialskip
 
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Schork Oil Outlook: Gasoline Demand/Prices Out of Sync

...Significant demand destruction appears to have taken place during the great recession. Prices are now approaching the top price quintile of >$2.86 and consumers are increasingly unwilling, or unable to pony up at the pump....
http://www.cnbc.com/id/36691425
[CNBC not my favorite but made sense to me]
 
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