Oil Slick Stuff

[nnuut]

Crude Inventories Down 4.8 Million Barrels! UP SHE GOES!!!:nuts:
http://www.bloomberg.com/markets/economic-calendar/

 

[nnuut]

June 8, 2011, 10:43 a.m. EDT
Crude oil trims gain after EIA report

http://www.marketwatch.com/story/cr...ter-eia-report-2011-06-08?link=MW_latest_news

 

[nnuut]

Iran along with our friend Hugo are two of the nations that want to keep Oil output at current levels, why could that be?
June 8, 2011, 11:43 a.m. EDT
IEA urges producers to keep up with oil demand

http://www.marketwatch.com/story/iea-urges-producers-to-keep-up-with-oil-demand-2011-06-08

 

[RealMoneyIssues]

Iran along with our friend Hugo are two of the nations that want to keep Oil output at current levels, why could that be?

Uh, Is this a trick question? Money? Hurt US?

 

[nnuut]

Sometimes a question with an obvious answer makes a better point than explaining the referred subject.

 

[RealMoneyIssues]

Sometimes a question with an obvious answer makes a better point than explaining the referred subject.

True, I am just in a short mood (stupid stock market)...

 

[nnuut]

True, I am just in a short mood (stupid stock market)...

I guess we all feel that way with the Market acting like a NNUUT!

 

[nnuut]

The Dollar and Oil are in a fight today and Oil is winning!
$101.63 +$2.54 +2.56%

Jun 8, 2011 12:38 p.m.
http://www.marketwatch.com/investing/future/CRUDE OIL - ELECTRONIC

 

[Boghie]

The news that OPEC oil ticks had a screaming match at their meeting will end up being great.

They will end up cheating on their production.

Good, very good...

 

[RealMoneyIssues]

I guess we all feel that way with the Market acting like a NNUUT!

Bulls and Bears are fighting to see who will win... as I am posting this, the S&P 500 is heading DOWN hard...

 

[Boghie]

Bulls and Bears are fighting to see who will win... as I am posting this, the S&P 500 is heading DOWN hard...

Dude,

The S&P500 is down hard? It is down 1/3rd of 1 percent. I would actually like a bit more capitulation than 1/3rd of 1%. To me, this is really looking like a bottom where the Bulls will start buying. da'Boyz on Wall Street probably wanted more easy room, but they will have to take what they get.

And, Oil Ticks fighting is always good. Always

 

[RealMoneyIssues]

It is down 1/3rd of 1 percent.

I know, I know... sorry

When I went long, I went TNA... It's a little more nerve racking then maybe I should be dealing with...

Oh yeah, and financials are getting beat... Citi is down 25% now... :nuts:

 

[nnuut]

Looks pretty bad but it there is a little bounce (as always 14:30 to 15:00) so you never know?

 

[nnuut]

Crude
$100.83 +1.70 +1.72%

Jun 8, 2011 2:30 p.m.

http://www.marketwatch.com/investing/future/CRUDE OIL - ELECTRONIC

 

[Buster]

Gas at $3.44 today

 

[nnuut]

Crude
$101.28 +$0.54 +0.54%


Jun 9, 2011 8:11 a.m.
http://www.marketwatch.com/investing/future/CRUDE OIL - ELECTRONIC

 

[nnuut]

Dollar Index
$73.81 -$0.06 -0.08%
Jun 9, 2011 8:00 a.m.
http://www.marketwatch.com/investing/index/DXY?link=MW_story_quote

 

[nnuut]

ExxonMobil strikes oil in Gulf of Mexico

By Aaron Smith @CNNMoney June 8, 2011: 1:24 PM ET

NEW YORK (CNNMoney) -- ExxonMobil announced on Wednesday that it struck oil in the Gulf of Mexico, a discovery that could yield 700 million barrels.
The company said that its first post-moratorium deepwater exploration well struck a second new source of oil and also includes a source of natural gas. http://money.cnn.com/2011/06/08/news/companies/oil_exxon/index.htm?iid=HP_River

 

[nnuut]

Crude Oil
101.56 +$0.82 +0.81%
Jun 9, 2011 10:42 a.m.
http://www.marketwatch.com/investing/future/CRUDE OIL - ELECTRONIC

 

[Buster]

Tonight on the Sean Hannity show....he had an Oil Co. CEO from the Gulf area that was saying this big Exxon oil field discovery will take at least 5 years before we see any oil production from it..and that is on a good day...typically it would take 60-90 days to get an oil permit to drill in the Gulf..now it's taking nearly 9 months..add that to the time it takes...

Gas down a penny here today to $3.43