Thread: Oil Slick Stuff

$59.26 a barrel at 11:26. Driftin' down, WAIT A MINUTE!!
http://www.nymex.com/lsco_fut_condet...r=6&currPrev=C

$60.15 a barrel at 12:25.
http://www.nymex.com/lsco_fut_condet...r=6&currPrev=C

$60.01 a barrel at 14:35.
http://www.nymex.com/lsco_fut_condet...r=6&currPrev=C

From Stratfor:

"Kuwait could cut its crude output to counteract falling world prices, Kuwaiti Oil Minister Sheikh Ali al-Jarrah al-Sabah said Oct. 4. Kuwait is the first Persian Gulf Organization of the Petroleum Exporting Countries (OPEC) member to announce possible cuts in production; Nigeria and Venezuela previously announced they would cut output as part of OPEC scale-backs that are voluntary for the time being. The Kuwaiti oil minister said $60 is a "comfortable" per barrel price, but that $50 per barrel would be worrisome. The Nigerian and Venezuelan "cuts" likely will not materialize, as both states are already well under their OPEC quotas. Kuwait, however, is approximately 350,000 barrels per day over its quota."

$59.23 a barrel at 20:23 EDT. Below $60 again! If this holds it could be good for tomorrow.
http://www.nymex.com/lsco_fut_condet...r=6&currPrev=C

Maybe a short reprieve?
10/05/2006 - Updated 3:50 PM ETOil close back atop $60 amid talk of OPEC cutCartel mulls emergency meeting; natural gas ends at three-week high</IMG>By Myra P. Saefong, MarketWatchSAN FRANCISCO (MarketWatch) -- Crude-oil futures closed above $60 a barrel Thursday for the first time in three sessions as traders weighed the legitimacy of reports that the Organization of the Petroleum Exporting Countries agreed to an informal production cut in an effort to prop up prices and may hold an emergency meeting later this month.
http://markets.usatoday.com/custom/u...1264BE7E298%7D

You don't suppose the price of gasoline is being manipulated just before the election, do you?

, ya know your link doesn't work?
No Sir I surely don't think price of gasoline is being manipulated just before the election. I think it is being manipulated all the time!

$59.70 a barrel at 22:32.
http://www.nymex.com/lsco_fut_condet...r=6&currPrev=C

$59.81 a barrel at 07:40.
http://www.nymex.com/lsco_fut_condet...r=6&currPrev=C

$59.60 a barrel at 10:50.

http://www.nymex.com/lsco_fut_condet...r=6&currPrev=C