Oil Slick Stuff

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12/02/2010 - Updated 9:54 AM ET
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Crude oil modestly lower as dollar strengthensGasoline keeps rally going, rising 1%
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By Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures paused Thursday, giving back a little bit of the gains amassed in previous sessions and trading below $87 a barrel.
Crude for January delivery [CLF11] declined 17 cents, or 0.2%, to $86.57 a barrel on the New York Mercantile Exchange. Crude rallied more than 3% on Wednesday on a combination of weaker dollar and positive macroeconomic reports from around the world.http://markets.usatoday.com/custom/...S&guid={87358942-FE1F-11DF-8DD4-00212804637C}
 
This is NOT PRETTY Folks! Crude at $90 a barrel is right around the corner. Do you think that Obama's announcement about Drilling on the East Coast might have something to do with the spike in prices?:nuts:

12/02/2010 - Updated 1:42 PM ET
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Crude extends gains on weaker dollarGasoline extends rally, rising more than 1%
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By Claudia Assis, MarketWatchAn earlier version of this story had incorrect analyst expectations for the weekly natural-gas supplies data. It has been corrected.

SAN FRANCISCO (MarketWatch) — Crude-oil futures found firmer footing Thursday, extending the previous rally as the dollar weakened and equities traded higher.
Crude for January delivery [CLF11] added 68 cents, or 0.8%, to $87.44 a barrel on the New York Mercantile Exchange. A close around this level would be a fresh two-week high for oil. http://markets.usatoday.com/custom/...S&guid={87358942-FE1F-11DF-8DD4-00212804637C}
 
No, I think the dollar is falling, which is, these days, a sign of an improving world economy - these days everyone runs to the dollar when things are bad. Mirror, mirror, makes no sense.
 
Yes the dollar and inventories are the 2 main drivers in the price of Oil and Gas simple supply and demand, but it is effected by other things as you will see in the near future.:) Stand by for a rise in the cost of all commodities that have to be transported, which is almost everything I'd say. Inflation is going to be a real problem with salaries being cut left and right by higher taxes. $88 a barrel!
 
Which funds are best to be looking at for oil?
All I came across that looked good in the 1 minute frame I have at work was (OIL) iPath S&P Goldman....
Any recommendation of others I should peek at before trying to diversify?
 
Nate said:
Which funds are best to be looking at for oil?
All I came across that looked good in the 1 minute frame I have at work was (OIL) iPath S&P Goldman....
Any recommendation of others I should peek at before trying to diversify?
Click to expand...
I really don't know about energy stocks, but you can check prices of some at this link (in My Signature) . The way things look Oil and Gas are on the way Up, so there you go.
http://www.tsptalk.com/mb/showpost.php?p=43124&postcount=2
 
Watching FM last night/early this morning most see oil topping out in the mid 90's for the next few months then dropping around march next year
 
12/03/2010 - Updated 9:25 AM ET
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Crude oil futures lower after U.S. jobs data
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By Nick Godt, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures fell from a two-year high Friday after the U.S. Labor Department reported a much smaller-than- expected rise in payrolls, rekindling worries about growth and energy demand.
Crude oil for January delivery [CLF11] was off 63 cents, or 0.7%, to $87.33 a barrel after trading as high as $88.36 earlier. It had been up slightly ahead of the report.http://markets.usatoday.com/custom/...-11DF-8DD4-00212804637C}&loc=interstitialskip
 
12/03/2010 - Updated 12:24 PM ET
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Oil inches higher after U.S. jobs report
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By Claudia Assis, MarketWatch & Nick Godt, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures ticked higher Friday, reclaiming a two-year high and recouping some of the losses incurred after the U.S. Labor Department reported a smaller-than-expected rise in payrolls.
Crude oil for January delivery [CLF11] added 30 cents, or 0.3%, to $88.33 a barrel after trading as high as $88.46. http://markets.usatoday.com/custom/...S&guid={DFE00214-FEE4-11DF-8DD4-00212804637C}
 
By Claudia Assis and Nick Godt, MarketWatch
SAN FRANCISCO (MarketWatch) — Crude-oil futures rallied Friday, overcoming a bout of weakness on a smaller-than-expected rise in payrolls and reclaiming a two-year high on the back of a weaker dollar.

Crude oil for January delivery /quotes/comstock/21n!f:cl\f11 (CLF11 89.30, +1.30, +1.48%) added $1.19, or 1.4%, to $89.19 a barrel on the New York Mercantile Exchange, oil’s best finish since early October 2008.
http://www.marketwatch.com/story/crude-oil-futures-lower-after-us-jobs-data-2010-12-03
 
Rising Oil Prices Fuel Debate Over Offshore Drilling

Published December 03, 2010
| FoxNews.com
As oil prices climb near highs for the year above $88 a barrel, energy analysts predict oil could rise to $120 a barrel before the end of 2012 — adding even more fuel to the offshore drilling debate in the same week Obama announces he will not allow drilling in certain areas for at least seven more years.

http://www.foxnews.com/politics/2010/12/03/energy-analysts-oil-prices-rising-high-barrel-end/
 
12/06/2010 - Updated 10:26 AM ET
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Crude wavers amid higher dollar, European concernsReports of cold weather boost natural gas, other products
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By Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures wavered between small gains and losses Monday as the dollar rose and U.S. stocks traded lower, saddled by concerns about Europe’s sovereign-debt crisis and talk of more federal stimulus to help the economy.
Crude for January delivery [CLF11] added 7 cents, or 0.1%, to $89.24 a barrel on the New York Mercantile Exchange. It had earlier turned lower and fell as deep as $88.56 a barrel. http://markets.usatoday.com/custom/...S&guid={EB6B998A-0147-11E0-B254-00212804637C}
 
12/06/2010 - Updated 3:28 PM ET
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Oil notches fresh 2-year high, inches closer to $90 a barrelReports of cold weather spur rally for natural-gas prices
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By Claudia Assis, MarketWatch & Sue Chang, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures overcame earlier weakness to close moderately higher Monday, tracking equities as they held on to tenuous gains.
Crude for January delivery [CLF11] added 19 cents, or 0.2%, to settle at $89.38 a barrel on the New York Mercantile Exchange.http://markets.usatoday.com/custom/...S&guid={EB6B998A-0147-11E0-B254-00212804637C}
 
12/07/2010 - Updated 9:17 AM ET
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Crude-oil futures jump on U.S. tax cut deal
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By Nick Godt, MarketWatch

NEW YORK (MarketWatch) — Crude-oil futures jumped on Tuesday, as investors cheered a deal between President Barack Obama and Congress to extend tax cuts to all Americans.
Crude-oil futures for January delivery rose $1.16, or 1.3%, to $90.54 a barrel.http://markets.usatoday.com/custom/...S&guid={F99FB39C-020A-11E0-B254-00212804637C}
 
12/07/2010 - Updated 11:04 AM ET
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Oil futures turn back from $90 a barrelNatural-gas futures rally to their highest level in four months
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By Claudia Assis, MarketWatch & Nick Godt, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures turned lower Tuesday, shying away from a level above $90 a barrel and its highest trade in 26 months, as oil traders cooled off to news of extended U.S. tax cuts. http://markets.usatoday.com/custom/...S&guid={F99FB39C-020A-11E0-B254-00212804637C}
 
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