Oil Slick Stuff

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11/23/2010 - Updated 11:12 AM ET
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Crude declines on rising dollar, weaker equities
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By Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures declined Tuesday as the dollar rose and equities traded broadly lower on concerns following a skirmish in the Korean peninsula coupled with still-simmering worries about European sovereign debt.http://markets.usatoday.com/custom/...S&guid={0A46AACA-F711-11DF-8066-00212804637C}
 
11/24/2010 - Updated 10:15 AM ET
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Crude gains modestly on weaker dollar, rising stocks
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By Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures gained Wednesday as the dollar declined and Wall Street rebounded on the back of a U.S. economic report showing improvement in the number of jobless claims filed last week.
Crude for January delivery [CLF11] added 38 cents, or 0.5%, to $81.64 a barrel on the New York Mercantile Exchange. http://markets.usatoday.com/custom/...S&guid={7819F618-F7D6-11DF-8066-00212804637C}
 
Inventories rise in Gas and Oil BUT!

11/24/2010 - Updated 11:01 AM ET

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Crude gains on weaker dollar, rising stocks Surprise increase in oil inventories doesn’t dent rise
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By Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures gained Wednesday as the dollar declined and Wall Street rebounded on the back of a U.S. economic report showing improvement in the number of jobless claims filed last week.
Crude for January delivery [CLF11] added 88 cents, or 1%, to $82.07 a barrel on the New York Mercantile Exchange, advancing further after a lukewarm floor-trading opening.
http://markets.usatoday.com/custom/...S&guid={7819F618-F7D6-11DF-8066-00212804637C}
 
11/26/2010 - Updated 10:08 AM ET
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Crude trades lower on European jittersNatural gas bucks trend to trade at three-month high
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By Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures on Friday gave back some of the previous session’s gains, as concerns about Europe shifted to the Iberian peninsula and the dollar rose.
Crude for January delivery [CLF11] was off 39 cents, or 0.5%, to $83.47 a barrel on the New York Mercantile Exchangehttp://markets.usatoday.com/custom/...-11DF-8066-00212804637C}&loc=interstitialskip
 
Talk of $100 Oil Returns as Options Jump Most in 3 Months: Energy Markets:eek:

Grant Smith and Mark Shenk, On Monday November 29, 2010, 5:25 am EST

Oil’s return to $100 has become the biggest bet in the crude options market.
The price of options to buy December 2011 futures at $100 a barrel jumped 14 percent on Nov. 24, the largest one-day gain in three months, according to data compiled by Bloomberg. So-called open interest for the contract has risen 51 percent this year to 45,424 lots, the highest for any crude option on the New York Mercantile Exchange.
http://finance.yahoo.com/news/Talk-...68.html?x=0&sec=topStories&pos=1&asset=&ccode=
 
11/30/2010 - Updated 10:14 AM ET
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Oil snaps rallying streak on European debt woesCrude on track to gain nearly 5% in November
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By Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures gave back some of their recent gains as concerns about European sovereign debt wreaked havoc in markets worldwide.
Crude for January delivery [CLF11] declined 41 cents, or 0.4%, to $85.32 a barrel on the New York Mercantile Exchange; prices earlier hovered around $85.22 a barrel. For the month, oil has gained 4.6%.[more]
http://markets.usatoday.com/custom/...S&guid={7927A728-FC8E-11DF-8DD4-00212804637C}
 
11/30/2010 - Updated 3:42 PM ET
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Oil snaps winning streak on European debt woesCrude gains 3% on month, gasoline rises 6% for November
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By Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures slumped nearly 2% on Tuesday as concerns about European sovereign debt wreaked havoc in markets worldwide and pushed the dollar higher.
Crude for January delivery [CLF11] declined $1.62, or 1.9%, to $84.11 a barrel on the New York Mercantile Exchange. Oil gained 3.2% in November, a third consecutive monthly gain for the commodity. http://markets.usatoday.com/custom/...S&guid={7927A728-FC8E-11DF-8DD4-00212804637C}
 
12/01/2010 - Updated 10:17 AM ET
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Crude rises on positive data, weaker dollarTraders also expect decline in crude-oil inventories
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By Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures rallied nearly 2% Wednesday after global economic data brightened and as traders expected government data to show a decline in oil inventories.
Crude for January delivery [CLF11] advanced $1.61, or 1.9%, to $85.73 a barrel on the New York Mercantile Exchange. http://markets.usatoday.com/custom/...S&guid={E8A7EE52-FD59-11DF-8DD4-00212804637C}
 
12/01/2010 - Updated 11:32 AM ET
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Crude rises on economic data, weaker dollarTraders focus on positives after surprise inventories increase
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By Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures rallied nearly 2% Wednesday after global economic data showed strength in manufacturing and U.S. jobs, and the dollar slid.
Crude for January delivery [CLF11] advanced $1.57, or 1.9%, to $85.69 a barrel on the New York Mercantile Exchange. Oil kept its gains intact after the Department of Energy reported a surprise increase in inventories for the week ended Nov. 26. http://markets.usatoday.com/custom/...S&guid={E8A7EE52-FD59-11DF-8DD4-00212804637C}
 
Obama: No offshore drilling in East Coast waters​

WASHINGTON – In a reversal, the Obama administration said Wednesday it will not pursue offshore drilling off the East Coast of the U.S. and the eastern Gulf of Mexico.
A senior administration official told The Associated Press that because of the BP oil spill, the Interior Department will not propose any new oil drilling in waters off the East Coast for at least the next seven years.
Click to expand...

Is he so sure he'll still be in office past 2012?:laugh:


http://news.yahoo.com/s/ap/20101201/ap_on_re_us/us_gulf_oil_spill_drilling
 
Might be we are planning to save our Oil supply until the rest of the world runs dry then we have ours and they have none. If that's so we have a LOOONGGG wait ahead of us. This is really STUPID, they need to do something drastic like specify any Oil pumped within our Territorial waters must be sold to us and refined here, like land based oil in Alaska and Texas.:cool:
 
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