Oil Slick Stuff

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7/01/2010 - Updated 6:37 AM ET
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Crude futures extend losses on global growth worries
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By Polya Lesova, MarketWatch
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RANKFURT (MarketWatch) -- Crude-oil futures fell back below $75 a barrel Thursday, giving ground after weak manufacturing data out of China rekindled concerns about a slowdown in global economic growth and its potential impact on energy demand.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B059A8194%2D7CB9%2D44CF%2D9B35%2D22D40BEFC373%7D
 
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Although the Market has been following the price of Oil and Gas DOWN it's critical for our economy to have reasonably priced energy to function, without it we are HISTORY! I love it when Gas gets under $2 a gallon at the distributor, which it is today!:D
NYH RBOB Gasoline
07/01/10
07:43..........$2.0362.....-.0242
08:51..........$2.0411.....-.0193
10:23..........$2.0052.....-.0552
10:59..........$1.9909.....-.0695
 
Oil prices fall on disappointing economic news

Oil falls on disappointing economic news; raises concerns about demand during summer season

Sandy Shore, Associated Press Writer, On Thursday July 1, 2010, 3:22 pm

Oil prices fell for a fourth day Thursday after disappointing economic news triggered worries about whether demand would pick up at all during the typically busy summer season.
Benchmark crude for August delivery dropped $2.68, or 3.5 percent, to settle at $72.95 on the New York Mercantile Exchange. [more]
http://finance.yahoo.com/news/Oil-p...94.html?x=0&sec=topStories&pos=3&asset=&ccode=
 
07/02/2010 - Updated 7:56 AM ET
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Crude futures trade flat as investors await U.S. jobs dataBP spill among factors that could push oil to $90 a barrel in 2011, analysts say
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By Polya Lesova, MarketWatch

FRANKFORT MarketWatch) -- Crude-oil futures traded just below $73 a barrel on Friday, as caution dominated sentiment ahead of the release of the U.S. payrolls report for June.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B8DACC7AD%2DE5F4%2D4D29%2D84B3%2DC940C51143F6%7D&loc=interstitialskip
 
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Gas is higher now than it was at $80.00/bbl...WTF?...Must be the 4th weekend gouging thing:suspicious:
 
07/02/2010 - Updated 9:08 AM ET
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Crude futures fall after U.S. jobs data BP spill among factors that could push oil to $90 a barrel in 2011, analysts say
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By Polya Lesova, MarketWatch

FRANKFURT MarketWatch) -- Crude-oil futures extended their losses on Friday after the government reported that U.S. nonfarm payrolls declined by 125,000 in June, even as the unemployment rate unexpectedly dropped from the previous month.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B8DACC7AD%2DE5F4%2D4D29%2D84B3%2DC940C51143F6%7D
 
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Is this kind of trading effecting the price of Oil?:)
From the BBC!
Drunk trader banned for buying 7 million barrels of oil

Page last updated at 17:14 GMT, Tuesday, 29 June 2010 18:14 UK


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The trades caused a rise in the price of oil An oil trader who bought seven million barrels of oil after a weekend of heavy drinking has been banned by the City watchdog.
Steven Perkins made the trade in the early hours of the morning after a weekend of "excessive" drinking, said the Financial Services Authority (FSA).
His actions caused the price of Brent crude oil to jump to an "abnormal level".
The regulator said Mr Perkins' actions amounted to market abuse.
He has been fined £72,000 and has been banned from working in the financial services industry for at least five years.
"Perkins' trading manipulated the market in Brent by giving a false and misleading impression as to the supply, demand and price of Brent," the FSA said.
"[His actions] seem to have been a consequence of extremely heavy drinking resulting from alcoholism, which he now acknowledges." [more]
http://news.bbc.co.uk/2/hi/business/10454311.stm
 
Must have been seeing kegs...

nnuut said:
Is this kind of trading effecting the price of Oil?:)
From the BBC!
Drunk trader banned for buying 7 million barrels of oil

Page last updated at 17:14 GMT, Tuesday, 29 June 2010 18:14 UK


_48212189_48212190.jpg
The trades caused a rise in the price of oil An oil trader who bought seven million barrels of oil after a weekend of heavy drinking has been banned by the City watchdog.
Steven Perkins made the trade in the early hours of the morning after a weekend of "excessive" drinking, said the Financial Services Authority (FSA).
His actions caused the price of Brent crude oil to jump to an "abnormal level".
The regulator said Mr Perkins' actions amounted to market abuse.
He has been fined £72,000 and has been banned from working in the financial services industry for at least five years.
"Perkins' trading manipulated the market in Brent by giving a false and misleading impression as to the supply, demand and price of Brent," the FSA said.
"[His actions] seem to have been a consequence of extremely heavy drinking resulting from alcoholism, which he now acknowledges." [more]
http://news.bbc.co.uk/2/hi/business/10454311.stm
Click to expand...
 
nnuut

Surely the current administration has been doing all it can. POTUS delegated authority to others while he was distracted. It is not his fault.

"It happened on my watch" is not something that applies to anyone who is not named Bush.

Get a grip on the new order. WTF is the matter with you?
 
PessOptimist said:
nnuut

Surely the current administration has been doing all it can. POTUS delegated authority to others while he was distracted. It is not his fault.

"It happened on my watch" is not something that applies to anyone who is not named Bush.

Get a grip on the new order. WTF is the matter with you?
Click to expand...
Yer right but, I do have a grip on the New World Order, around the neck!!:D
 
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