Thread: Oil Slick Stuff

I won't be around from 10:30 to 12:30, they are throwing me a Retirement Luncheon today, I'm sure it will be a ROAST!! Later!

12/09/2009 - Updated 6:22 AM ET
Oil futures gain nearly 2% as data shows falling inventories
By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures rose nearly 2% on Wednesday, boosted by data showing that crude inventories declined much more than expected last week.
Crude oil for January delivery gained $1.22, or 1.7%, to $73.84 a barrel in electronic trading on Globex.
"With the API data showing U.S. crude stocks falling by 5.8 million barrels, the January contract is back above $73 per barrel in early trading," wrote analysts at Vienna-based JBC Energy GmbH in a note to clients.
http://markets.usatoday.com/custom/u...C0EB9C5E4A0%7D

Gas down .01 to $2.33

12/09/2009 - Updated 10:04 AM ET
Oil rises first day in six as data show falling inventories
By Moming Zhou, MarketWatch & Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Oil futures edged higher Wednesday, rising for the first session in six after data released by an industry group showed a surprising decline in U.S. crude inventories last week.

http://markets.usatoday.com/custom/u...C0EB9C5E4A0%7D

Hey Norm..

After you retire, are you gonna keep doing this Oil Price business for us here?..I'd hate to see this thread grow stagnant.
...I appreciate all the effort you put into it...THANKS!

I'm planning to leave my TSP money in TSP and draw Monthly distributions until I'm 70 1/2 years old. SSSOOOOOOOOO I'll still be here!!
You can't get rid of me that easily.

12/09/2009 - Updated 12:33 PM ET
Oil drops for sixth session after EIA petroleum
data By Moming Zhou, MarketWatch & Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures fell Wednesday for a sixth straight session, dropping to the lowest level in two months after government data showed inventories build-ups in gasoline and other petroleum products as demand remained weak.
U.S. gasoline inventories rose 2.2 million barrels in the week ended Dec. 5, the Energy Information Administration reported. Distillate stockpiles, which include heating oil and diesel, also rose 1.6 million barrels.
http://markets.usatoday.com/custom/u...C0EB9C5E4A0%7D

24-inch Oil pipeline burst in Alaska-- not discovered for four days after it began leaking-- is said to be 2nd worst worst pipeline spill in North Slope Pipeline Alaska's history:

http://www.treehugger.com/files/2009...ever-spill.php

and

http://www.reuters.com/article/idUSN...pe=marketsNews

Well one good thing is the Oil can't hide out there in the tundra, no trees no mountains, no gulleys, water is frozen, NO MAN's LAND. DIG IT UP and dispose of it. I could make a lot of MONEY working up there inspecting the pipelines, but MAN IT'S COLD and I really don't need the money that bad!!

Originally Posted by nnuut

Well one good thing is the Oil can't hide out there in the tundra, no trees no mountains, no gulleys, water is frozen, NO MAN's LAND. DIG IT UP and dispose of it. I could make a lot of MONEY working up there inspecting the pipelines, but MAN IT'S COLD and I really don't need the money that bad!!

Yer right..if there had to be a leak and spill, this was the best time of year...Clean up should be easy..

Gas dropped .01 to $2.32

12/10/2009 - Updated 10:21 AM ET
Crude rises first day in seven as dollar falls after jobless data
By Moming Zhou, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures rose Thursday for the first session in seven, snapping their longest losing streak in five months as the U.S. dollar fell on a disappointing U.S. jobless report, helping boost dollar-denominated commodities prices.
The Labor Department reported that the number of people filing claims for state unemployment benefits rose last week for the first time in six weeks, pushing the greenback down against most of its major rivals. Oil also gained on speculation that the decline in the previous six days was too fast, analysts said.
http://markets.usatoday.com/custom/u...3FE8FFE3FAD%7D