Oil Slick Stuff

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By the way, aren't we on the april contract now for RBOB?

That outta be good for another mean face (c'mon hit me man)
 
I got a million of them!
03/01/2011 - Updated 11:27 AM ET
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Oil climbs back above $98 on supply concernGasoline also higher, but natural gas pulls back from recent gains
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By Myra P. Saefong, MarketWatch & Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) — Oil futures climbed Tuesday as violence in Libya and the potential spread of the turmoil in the Middle East region continued to feed concerns over global oil supplies.
Light, sweet crude for April delivery [CLJ11] gained $1.41, or 1.4%, to $98.38 a barrel on the New York Mercantile Exchange. The contract traded as high as $98.83.
http://markets.usatoday.com/custom/...S&guid={F4A8460A-43B5-11E0-ADFE-00212804637C}
View attachment 10697
 
DUH!! nerd.gif

Bernanke: Rising oil prices pose threat to economy

Bernanke: High oil prices could lead to temporary inflation increase, not runaway prices






Jeannine Aversa, AP Economics Writer, On Tuesday March 1, 2011, 11:29 am
WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke told Congress Tuesday that a prolonged rise in oil prices would pose a danger to the economy. But he said a more likely outcome is a temporary and modest increase in consumer prices, not runaway inflation.
http://finance.yahoo.com/news/Berna...html?x=0&sec=topStories&pos=main&asset=&ccode=
 
03/01/2011 - Updated 1:46 PM ET
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Oil futures briefly top $99 on supply concernGasoline also higher, but natural gas pulls back from recent gains
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By Myra P. Saefong, MarketWatch & Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) — Oil futures climbed Tuesday as violence in Libya and the potential spread of the turmoil in the Middle East region continued to feed concerns over global oil supplies, sending prices briefly above $99 a barrel.
Light, sweet crude for April delivery [CLJ11] touched an intraday high of $99.21 a barrel on the New York Mercantile Exchange. It’s eased back slightly to trade more recently up $1.97, or 2%, at $98.94 a barrel. http://markets.usatoday.com/custom/...S&guid={F4A8460A-43B5-11E0-ADFE-00212804637C}
 
Gas prices up for 7 days in a row, AAA reports



Ben Rooney, staff reporter, On Tuesday March 1, 2011, 2:08 pm
Fresh off a 27-cent jump last month, gas prices were up slightly in a daily survey by motorist group AAA, as the price of crude oil backed off recent highs.
The national average price for a gallon of regular gasoline rose Tuesday to $3.375, according to AAA. That was up 0.7 cent from $3.368 a gallon on Monday, and marked the seventh day in a row that prices have increased.
Gas prices nationwide averaged about $3.17 a gallon last month, compared with $2.65 a gallon in February 2010
http://finance.yahoo.com/news/Gas-prices-up-for-7-days-in-a-cnnm-215903315.html?x=0&.v=3
 
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