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Reply #3: Oil Prices Stay Under $60 Per Barrel [View All]

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ozymandius Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-22-05 05:41 AM
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3. Oil Prices Stay Under $60 Per Barrel
SINGAPORE - Crude oil futures gained in Asian trading Thursday following the release of a U.S. government weekly report which showed a larger-than-expected drop in distillate stocks.

The market was largely unaffected by Royal Dutch Shell PLC's Thursday announcement it would declare a force majeure on its light, sweet crude exports from Nigeria after attackers set off dynamite at a pipeline two days ago. That means Shell will be exempt from not fulfilling its contract obligations due to conditions out of its control.

Light, sweet crude for February delivery on the New York Mercantile Exchange rose 14 cents to $58.93 a barrel in mid-afternoon electronic trading. The contract settled Wednesday at $58.56 a barrel, up 47 cents.

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  -STOCK MARKET WATCH, Thursday 22 December ozymandius  Dec-22-05 05:19 AM   #0 
  - WrapUp by Chris Puplava  ozymandius   Dec-22-05 05:29 AM   #1 
  - All US middle class workers should be seeing a raise.  fasttense   Dec-22-05 05:58 AM   #4 
     - All I want...  AnneD   Dec-22-05 01:12 PM   #44 
  - Today's Reports  ozymandius   Dec-22-05 05:40 AM   #2 
  - 8:30 reports tumbling in:  UpInArms   Dec-22-05 07:32 AM   #15 
  - Initial Claims at 318,000  UpInArms   Dec-22-05 07:34 AM   #16 
  - U.S. Nov. consumer spending up 0.3%, incomes up 0.3% -Savings Rate @ -0.2%  UpInArms   Dec-22-05 07:36 AM   #17 
     - There is no inflation - so stop saying that!  UpInArms   Dec-22-05 07:40 AM   #19 
  - Leading Indicators at 0.5% (meets concensus)  UpInArms   Dec-22-05 09:01 AM   #34 
     - more info (rising money supply?)  UpInArms   Dec-22-05 09:15 AM   #37 
  - Oil Prices Stay Under $60 Per Barrel  ozymandius   Dec-22-05 05:41 AM   #3 
  - Oil strides past $59 on Nigerian supply delays  UpInArms   Dec-22-05 08:11 AM   #25 
  - At least eight dead in Nigerian pipeline blast  UpInArms   Dec-22-05 08:56 AM   #31 
  - OPEC likely to cut oil output in 2Q of '06  UpInArms   Dec-22-05 08:58 AM   #32 
     - If they cut back, it may be in heavy, sour grades that most refineries  amandabeech   Dec-22-05 03:10 PM   #61 
  - daily dollar watch  UpInArms   Dec-22-05 06:55 AM   #5 
  - Dollar loses steam as U.S. trading progresses  UpInArms   Dec-22-05 09:16 AM   #38 
  - Fed's Lacker says U.S. on track for soft landing  UpInArms   Dec-22-05 06:58 AM   #6 
  - Richmond Fed's Lacker-US close to full employment  UpInArms   Dec-22-05 06:59 AM   #7 
  - SO.....  AnneD   Dec-22-05 01:20 PM   #46 
  - Fed's Lacker-Don't expect long-term steady rates  UpInArms   Dec-22-05 11:54 AM   #40 
  - Pet food sold in N.H. and 22 other states recalled  UpInArms   Dec-22-05 07:16 AM   #8 
  - Dogs dying of toxin in locally sold pet food  UpInArms   Dec-22-05 07:19 AM   #9 
     - OMG  AnneD   Dec-22-05 01:36 PM   #48 
  - Calpine's Woes May Hit Ratepayers  UpInArms   Dec-22-05 07:21 AM   #10 
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  - A vague rumour I heard recently  legin   Dec-22-05 08:59 AM   #33 
  - there's supposed to be another yuan shift on Jan 1  UpInArms   Dec-22-05 09:04 AM   #35 
  - Barrick Gold to Buy Placer Dome for $10.4B  cosmicdot   Dec-22-05 02:20 PM   #55 
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  - US Treasuries up on subdued Nov inflation measure  UpInArms   Dec-22-05 07:54 AM   #21 
  - US Treasuries up on mild inflation, curve flattens  UpInArms   Dec-22-05 08:39 AM   #28 
  - Printing Press Report:Fed adds reserves via overnight system repurchases  UpInArms   Dec-22-05 08:44 AM   #30 
  - Printing Press Report: U.S. Treasury to sell $32 bln bills on Tuesday  UpInArms   Dec-22-05 11:55 AM   #41 
  - Spitzer smeared for doing his job  UpInArms   Dec-22-05 07:59 AM   #22 
  - The DeLay PR machine...  AnneD   Dec-22-05 01:33 PM   #47 
  - Chrysler parent to pay $94M in (failed to disclose) defect case  UpInArms   Dec-22-05 08:08 AM   #23 
  - Eli Lilly agrees to misdemeanor charge in Evista case  UpInArms   Dec-22-05 08:10 AM   #24 
  - Lucent to record $300M charge related to Winstar litigation  UpInArms   Dec-22-05 08:22 AM   #26 
  - 9:35 EST markets are open and pre-opening blather  UpInArms   Dec-22-05 08:36 AM   #27 
  - WTF?? Santa Claus Rally to begin tomorrow?  UpInArms   Dec-22-05 08:41 AM   #29 
     - And they say.....  AnneD   Dec-22-05 01:39 PM   #50 
  - Chicago Fed national activity index down in Nov  UpInArms   Dec-22-05 09:11 AM   #36 
  - Moody's cuts Dana Corp's debt rating two notches  UpInArms   Dec-22-05 09:31 AM   #39 
  - 12:55 EST numbers and blather  UpInArms   Dec-22-05 11:57 AM   #42 
  - Deleted message  Name removed   Dec-22-05 01:14 PM   #45 
  - Which kool-aid jug have you been drinking from  imported_dem   Dec-22-05 01:38 PM   #49 
  - He didn't say...  AnneD   Dec-22-05 01:42 PM   #51 
  - Deleted message  Name removed   Dec-22-05 01:48 PM   #53 
  - Deleted message  Name removed   Dec-22-05 01:48 PM   #54 
     - Subtract deficit spending, and how much is left?  trogdor   Dec-22-05 02:40 PM   #57 
  - Somebody has been spending too much time on their favorite hobby. n/y  Guy Whitey Corngood   Dec-22-05 01:45 PM   #52 
  - I really don't care about the "problems" to which you seem to be  UpInArms   Dec-22-05 03:01 PM   #59 
  - Whee look at those faries go!  MARALE   Dec-22-05 02:36 PM   #56 
  - SMW has me hysterically laughing today.  feminazi   Dec-22-05 02:52 PM   #58 
  - thanks feminazi!  UpInArms   Dec-22-05 03:04 PM   #60 
  - time to go home  ozymandius   Dec-22-05 03:56 PM   #62 
  - We are all gonna be rich! Filthy rich I tell ya!!! 11K all the way!!!!  54anickel   Dec-22-05 03:57 PM   #63 
 

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