E10 averaging $3.26 in Boiled Peanut GA!
Aug. 5, 2013, 10:03 a.m. EDT
Oil slips; MidEast tensions limit losses
By Victor Reklaitis and Carla Mozee, MarketWatch
NEW YORK (MarketWatch) — U.S. crude-oil futures dipped on Monday, but concerns about Middle East tensions kept losses in check.
Crude oil for September delivery /quotes/zigman/2291784 CLU3 -0.90% pulled back 97 cents, or 0.9%, to $105.97 a barrel on the New York Mercantile Exchange.
The contract could stay around current levels given the Mideast headlines and economic optimism in the U.S., according to Jay Levine, technical analyst with Enerjay LLC.
“If we get any stability in the Middle East, I think crude oil is ripe for a potential drop,” Levine told MarketWatch. He also said: “Until that calms down or gets resolved, which is not likely any time soon, I’m afraid we’re dealing with these higher prices.”
Oil slips; MidEast tensions limit losses - Futures Movers - MarketWatch
Highlights
EIA Petroleum Status Report
Released On 8/7/2013 10:30:00 AM For wk8/2, 2013 Economic Calendar - Bloomberg
Prior Actual Crude oil inventories (weekly change) 0.4 M barrels -1.3 M barrels Gasoline (weekly change) 0.8 M barrels 0.1 M barrels Distillates (weekly change) -0.5 M barrels 0.5 M barrels
A dip in imports together with strong demand from refineries made for another draw in oil inventories, down 1.3 million barrels in the August 2 week to 363.3 million. This is the fifth draw in the last six weeks.
Refineries, operating at a very active 90.9 percent of capacity, increased both gasoline and distillate output in the week contributing to inventory builds for both products, up 0.1 million barrels for gasoline and up 0.5 million barrels for distillates.
E10--->$3.20 today
A wise man speaks when he has something to say...A FOOL speaks when he just has to say something
E10 averaging $3.25 9/10 today down here in GA.
E-10 now $3.15 today
The gas was this low when oil was in the $80's/bbl range...see how the price of oil and gas prices don't make any sense.
A wise man speaks when he has something to say...A FOOL speaks when he just has to say something
Or is it Government's misguided regulation?
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