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crude oil price up again
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billywows
Elite |
26-Aug-2006 23:47
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billywows
Elite |
26-Aug-2006 23:21
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billywows
Elite |
26-Aug-2006 23:16
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Hurricane Ernesto coming next week? .... :( ------------------------------- "Bad weather brewing in the eastern Caribbean Sea could be dubbed Tropical Storm Ernesto later on Friday and could grow into a full-fledged hurricane by next week, forecasters said. " |
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Livermore
Master |
26-Aug-2006 15:32
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The higher crude oil price go up, the higher the chance of the US going into recession. As it is, the possibility of the US economy going into recession is already half full |
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billywows
Elite |
25-Aug-2006 23:07
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---------------------------------
FUTURES MOVERS
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Nostradamus
Supreme |
25-Aug-2006 22:24
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Oil leapt US$1 on Friday as a storm brewing in the Caribbean threatened to sweep through the U.S. Gulf next week and menace oil supplies yet to recover from last year's hurricanes. Support also came from Iran's nuclear row with the West that could prompt United Nations sanctions against the world's fourth-largest oil exporter, although Russia ruled out such punitive action for now. U.S. crude was up US$1.13 at US$73.49 a barrel by 0948 GMT, after gaining 60 cents on Thursday. A spinning band of squalls in the Caribbean was on the verge of becoming Tropical Storm Ernesto and was expected to head northwest toward the Gulf of Mexico by the middle of next week. A surge in demand in China, the world's second biggest fuel burner, also underpinned oil's rise. Demand in China rose 12.2% in July yoy, Reuters calculations showed on Friday, a fourth month of double-digit expansion fueled by a hot summer and booming car industry. On the year, U.S. crude is up about 20% after a prolonged supply outage from Nigeria and fears that Iran will withhold exports in retaliation to U.N. sanctions. The five permanent members of the Security Council - the United States, France, Britain, China and Russia - along with Germany, have threatened sanctions against Iran if it does not suspend uranium enrichment by August 31. They offered Tehran a package of incentives for giving up its atomic work. Iran this week offered to hold talks on its nuclear programme, but its response has not fully satisfied the United States, Germany and France. Moscow on Friday ruled any discussion now of sanctions against Iran, saying these had proved ineffective in the past and there was still room for diplomacy. |
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teeth53
Supreme |
18-Aug-2006 21:14
Yells: "don't learn through life, learn to grow with life " |
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Oil is stablizing around US$71/barrel on concern of Iran nuclear issue. |
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allantanhc
Veteran |
18-Aug-2006 11:00
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Good news. Let it go down to US$60. |
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Nostradamus
Supreme |
18-Aug-2006 10:30
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U.S. crude oil futures sunk as low as $70.00 during the day, the lowest since June 21. U.S. crude had tumbled more than 7%, declining in six out of eight sessions until Thursday's market close. |
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teeth53
Supreme |
17-Aug-2006 22:13
Yells: "don't learn through life, learn to grow with life " |
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U.S. light, sweet crude for September delivery dropped $1.02 to $70.87 a barrel by 6 a.m. ET, its lowest since June 26.(more) |
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Nostradamus
Supreme |
17-Aug-2006 19:46
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"With the fear of the economy slowing, demand is suspected to decline," said National Futures' Person. Given that, prices for September crude could fall back toward US$70.50, "with an outside chance for a break back to the US$68 level," he added.
On Wednesday, OPEC cut its 2006 oil demand growth forecast by 80,000 barrels a day, citing an unexpected decline in OECD country demand -- referring to the Organization or Economic Cooperation and Development, a group of industrialized nations. OPEC is now expecting demand in 2006 to rise 1.3 m barrels a day to 84.5 m barrels a day.
Growth in the OECD countries is expected to be somewhat stronger in the second half given the stabilization of gasoline prices, continued economic expansion, and normal weather in the fourth quarter, OPEC said. It held onto its view that oil demand should rise 1.5% in 2007.
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Nostradamus
Supreme |
17-Aug-2006 19:39
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Crude-oil prices dropped more than a dollar a barrel as traders responded to a report of above-average U.S. oil stockpiles and a lack of bad news to drive prices higher.
At late morning in Europe, light sweet crude for September delivery fell US$1.15 to US$70.74 a barrel in electronic trading on the New York Mercantile Exchange. Oil prices have steadily fallen this week when supply fears abated after a cease-fire held in Lebanon and BP PLC resumed partial production at its Prudhoe Bay oil field in the U.S. state of Alaska. Concerns about supply disruptions in Nigeria due to civil unrest are lingering in the market, as are worries over the standoff between the United Nations and Iran over its nuclear program. Iran has said it will respond by Aug. 22 to an offer of incentives in exchange for a pledge to suspend uranium enrichment. Oil traders are also watching weather patterns for potential hurricanes that could strike Gulf of Mexico coast refineries, as well as signals for where fuel demand is headed. Oil prices may find support around US$70. |
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allantanhc
Veteran |
17-Aug-2006 14:35
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This is good news. Hope it will go down further. |
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Nostradamus
Supreme |
17-Aug-2006 12:42
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Oil prices fell for a fourth day on Thursday to their lowest in nearly eight weeks after U.S. data reminded traders that crude stocks are relatively robust and the summer driving season is nearing its end.
U.S. light, sweet crude for September delivery fell 49 cents to US$71.40 a barrel, its lowest since June 26. London Brent was down 48 cents at US$72.35 a barrel. U.S. crude prices have shed more than 7% after falling for six of the last eight sessions as a ceasefire took hold in the Middle East and BP decided to shut in only half of its 400,000-barrels-per-day (bpd) Prudhoe Bay oilfield. |
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teeth53
Supreme |
16-Aug-2006 23:15
Yells: "don't learn through life, learn to grow with life " |
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Singapore estimate time 23:00 ( At 11 a.m. ET) Oil was down 60 cts to $72.45/barrel on the New York Mercantile Exchange. Crude was 35 cents lower just prior to the report's release. |
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teeth53
Supreme |
16-Aug-2006 22:31
Yells: "don't learn through life, learn to grow with life " |
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Prices have slumped from above $77 a barrel a week ago , oil continue to fall and Dow continue it climb. |
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teeth53
Supreme |
16-Aug-2006 22:27
Yells: "don't learn through life, learn to grow with life " |
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Oil sinks below $73 (Link) Oil fell below $73 a barrel Wednesday, continuing a slide started as supply fears eased and which outweighed expectations for another drop in U.S. crude and gasoline stocks. U.S. light, sweet crude for September delivery fell 23 cents at $72.82 a barrel in early morning trade. Prices fell for the third-straight session Wednesday and are near Monday's $72.60 intra-day low, the weakest since July 20. |
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teeth53
Supreme |
15-Aug-2006 18:25
Yells: "don't learn through life, learn to grow with life " |
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U.S. light crude eased 48 cents to $73.05 a barrel in electronic, sort of a good new to all. |
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teeth53
Supreme |
15-Aug-2006 09:30
Yells: "don't learn through life, learn to grow with life " |
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Oil fall to US$73.16 and Nikkei is into +ve. Look likely to hit another 50 points after it run up yesterday by 260 points. |
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teeth53
Supreme |
14-Aug-2006 08:34
Yells: "don't learn through life, learn to grow with life " |
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Oil price continue to fall , is down to US$73.60/barrel nad Nikkei is up |
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