| Topic: |
Politics > Politics-USA |
| User: |
"Harry Hope" |
| Date: |
20 Jan 2006 11:53:35 AM |
| Object: |
Oil jumps back near $68 |
From Reuters, 1/20/06:
http://money.cnn.com/2006/01/20/markets/oil.reut/index.htm
Oil jumps back near $68
Analysts say further gains likely.
LONDON (Reuters) -
Anxiety over supplies from producer countries Iran and Nigeria drove
oil prices more than a dollar higher to $68 a barrel on Friday and
analysts predicted the market would stay strong for the foreseeable
future.
U.S. crude oil for February delivery jumped $1.17 to $68 a barrel on
the New York Mercantile Exchange, the highest level in nearly four
months.
_____________________________________________________
Harry
Special Report full coverage
Oil jumps back near $68
Goldman sees oil above $70 by 4Q
OPEC: We'll fill oil supply gaps
Amerada Hess sets $4B for '06 capital
London Brent crude rose $1.05 to $66.28.
"The market is so delicately balanced," said Mark Keenan of MPC
commodity fund. "It faces a convergence of bullish factors."
In the world's eighth largest oil exporter Nigeria, more than 220,000
barrels per day of crude have already been shut in and militants on
Friday warned they would soon resume attacks on oil producers in the
country.
There is also no sign of an easy solution to the West's dispute with
Iran, the world's fourth biggest exporter.
Iran faces referral to the U.N. Security Council over concerns it is
seeking to build an atomic bomb. Iran has denied the charge and
analysts fear it might hold back crude exports in response to any
punishment from the West.
On Friday, a senior official said Iran was transferring assets from
European accounts to other foreign banks in attempt to preempt
possible U.N. sanctions.
Adding to investor concern, Russia has cut natural gas supplies to
Europe and trimmed some oil production because of extreme cold weather
at home.
Expectations supply problems will support prices for the foreseeable
future are reflected in record values for oil to be delivered at dates
far from now.
On the New York Mercantile Exchange this week, contracts as far out as
2012 hit record levels and monthly contracts from June 2006 to June
2007 have risen above $69.
"It's a function of the lack of investment in infrastructure," Keenan
said.
Despite the price surge, there is no sign of demand falling.
The Organization of the Petroleum Exporting Countries on Friday
forecast oil demand growth in 2006 would be 1.6 million bpd. World
demand is expected to reach 84.8 million bpd this year compared with
83.2 million bpd in 2005.
The producer group, which meets at the end of the month to review its
output policy, is considered unlikely to cut production, though the
hawkish Iran said on Friday that the market was oversupplied.
_______________________
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.
|
|
| User: "Geo" |
|
| Title: Re: Oil jumps back near $68 |
20 Jan 2006 12:21:28 PM |
|
|
Harry Hope wrote:
From Reuters, 1/20/06:
http://money.cnn.com/2006/01/20/markets/oil.reut/index.htm
Oil jumps back near $68
Florida coast, ANWR, nuff said.
.
|
|
|
| User: "c-bee1" |
|
| Title: Re: Oil jumps back near $68 |
20 Jan 2006 08:42:57 PM |
|
|
"Geo" <taxpayer779@hotmail.com> wrote in message
news:1137781288.610070.171430@o13g2000cwo.googlegroups.com...
Harry Hope wrote:
From Reuters, 1/20/06:
http://money.cnn.com/2006/01/20/markets/oil.reut/index.htm
Oil jumps back near $68
Florida coast, ANWR, nuff said.
As usual, the republican has nothing.
.
|
|
|
|
|
| User: "John" |
|
| Title: Re: Oil jumps back near $68 |
20 Jan 2006 02:12:35 PM |
|
|
Harry Hope wrote:
From Reuters, 1/20/06:
http://money.cnn.com/2006/01/20/markets/oil.reut/index.htm
Oil jumps back near $68
Analysts say further gains likely.
LONDON (Reuters) -
Anxiety over supplies from producer countries Iran and Nigeria drove
oil prices more than a dollar higher to $68 a barrel on Friday and
analysts predicted the market would stay strong for the foreseeable
future.
U.S. crude oil for February delivery jumped $1.17 to $68 a barrel on
the New York Mercantile Exchange, the highest level in nearly four
months.
_____________________________________________________
Harry
Special Report full coverage
Oil jumps back near $68
Goldman sees oil above $70 by 4Q
OPEC: We'll fill oil supply gaps
Amerada Hess sets $4B for '06 capital
London Brent crude rose $1.05 to $66.28.
"The market is so delicately balanced," said Mark Keenan of MPC
commodity fund. "It faces a convergence of bullish factors."
In the world's eighth largest oil exporter Nigeria, more than 220,000
barrels per day of crude have already been shut in and militants on
Friday warned they would soon resume attacks on oil producers in the
country.
There is also no sign of an easy solution to the West's dispute with
Iran, the world's fourth biggest exporter.
Iran faces referral to the U.N. Security Council over concerns it is
seeking to build an atomic bomb. Iran has denied the charge and
analysts fear it might hold back crude exports in response to any
punishment from the West.
On Friday, a senior official said Iran was transferring assets from
European accounts to other foreign banks in attempt to preempt
possible U.N. sanctions.
Adding to investor concern, Russia has cut natural gas supplies to
Europe and trimmed some oil production because of extreme cold weather
at home.
Expectations supply problems will support prices for the foreseeable
future are reflected in record values for oil to be delivered at dates
far from now.
On the New York Mercantile Exchange this week, contracts as far out as
2012 hit record levels and monthly contracts from June 2006 to June
2007 have risen above $69.
"It's a function of the lack of investment in infrastructure," Keenan
said.
Despite the price surge, there is no sign of demand falling.
The Organization of the Petroleum Exporting Countries on Friday
forecast oil demand growth in 2006 would be 1.6 million bpd. World
demand is expected to reach 84.8 million bpd this year compared with
83.2 million bpd in 2005.
The producer group, which meets at the end of the month to review its
output policy, is considered unlikely to cut production, though the
hawkish Iran said on Friday that the market was oversupplied.
_______________________
Need to get up to speed on the rest of the day's headlines? Click
here.
SAVE | EMAIL | PRINT |
More Markets
Selling picks up on Wall Street
Oil jumps back near $68
Why the sky isn't falling
The Hot List
Do It Now: 10 resolutions
100 Best Companies to Work For
3 rules for a happy retirement
Top Stories
Selling picks up on Wall Street
Ford's fight for survival
SB XL ads: A druid, Fabio and the King
Lilly's sex drug sales jump in 2005
Gold climbs to fresh 25-year high
Buy Stocks for Just $4
No account or investment minimums and no inactivity fees....
www.sharebuilder.com
Stock Broker
Where can you buy one share of stock? Only at OneShare.com. Makes a
great gift.
www.oneshare.com
$7 Trades at Scottrade, a Stock Broker
Online trading, just $7 per trade. Powerful trading tools, charting
and...
www.scottrade.com
Lock in Your Broker Stocks Now
Using investment-grade no-margin-call, fully hedged HedgeLoan stock...
www.hedgelender.com
YOUR E-MAIL ALERTS
Follow the news that matters to you. Create your own alert to be
notified on topics you're interested in.
Or, visit Popular Alerts for suggestions.
Manage alerts | What is this?
Special Offer:
State/PrAAABAEAKALAPARASAZBCCACOCTDCDEFLGAGUHIIAIDILINKSKYLAMAMBMDMEMIMNMOMSMTNBNCNDNENHNJNLNMNSNTNUNVNYOHOKONORPAPEPRQCRISCSDSKTNTXUTVAVIVTWAWIWVWYYT
Privacy Policy
• Home • Portfolio • Calculators • Contact us • Newsletters • RSS •
Press Room
• Advertise with Us • Magazine Customer Service • Datastore • Reprints
• Conferences • Special Sections
Copyright 2006 Reuters All rights reserved. This material may not be
published, broadcast, rewritten, or redistributed.
* : Time reflects local markets trading time. † - Intraday data is at
least 15-minutes delayed. • Disclaimer
© 2006 Cable News Network LP, LLLP. A Time Warner Company ALL RIGHTS
RESERVED.
• TERMS UNDER WHICH THIS SERVICE IS PROVIDED TO YOU. • PRIVACY POLICY
I read somewhere a while back that because of world instability due to
an incompetent Bush foreign policy that we pay an extra $10 a barrel for
oil. Looks like this "Bush tax" is even higher now.
.
|
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|
| User: "Joe Steel" |
|
| Title: Re: Oil jumps back near $68 |
20 Jan 2006 02:32:19 PM |
|
|
Evertime someone points-out the poor performance of the economy since Bush
took office, the wingnuts say presidents can't really affect the economy.
This is one case where they're wrong. Bush is destabilizing the world and
it's being reflected in oil prices. Bush is reponsible for a war in the
Middle East and that means he's responsible for higher oil prices.
"John" <nospam@nospam.com> wrote in message
news:b-KdnRhxT--o2UzenZ2dnUVZ_smdnZ2d@netlojix.com...
Harry Hope wrote:
From Reuters, 1/20/06:
http://money.cnn.com/2006/01/20/markets/oil.reut/index.htm
Oil jumps back near $68
Analysts say further gains likely.
LONDON (Reuters) -
I read somewhere a while back that because of world instability due to
an incompetent Bush foreign policy that we pay an extra $10 a barrel for
oil. Looks like this "Bush tax" is even higher now.
.
|
|
|
|
| User: "" |
|
| Title: Re: Oil jumps back near $68 |
20 Jan 2006 02:15:06 PM |
|
|
John wrote:
Harry Hope wrote:
I read somewhere a while back that because of world instability due to
an incompetent Bush foreign policy that we pay an extra $10 a barrel for
oil. Looks like this "Bush tax" is even higher now.
I read somewhere that your mother spends her weekends being a rape toy
for the navy.
.
|
|
|
| User: "c-bee1" |
|
| Title: Re: Oil jumps back near $68 |
20 Jan 2006 08:43:05 PM |
|
|
<omarenoryt@aol.com> wrote in message
news:1137788106.709559.287350@o13g2000cwo.googlegroups.com...
John wrote:
Harry Hope wrote:
I read somewhere a while back that because of world instability due to
an incompetent Bush foreign policy that we pay an extra $10 a barrel for
oil. Looks like this "Bush tax" is even higher now.
I read somewhere that your mother spends her weekends being a rape toy
for the navy.
As usual, the republican has nothing.
.
|
|
|
|
| User: "Joseph Welch" |
|
| Title: Re: Oil jumps back near $68 |
20 Jan 2006 02:38:05 PM |
|
|
<omarenoryt@aol.com> wrote in message
news:1137788106.709559.287350@o13g2000cwo.googlegroups.com...
I read somewhere that your mother spends her weekends being a rape toy
for the navy.
Typical radical right-winger. When you have no arguments, issue obscene
insults.
--
JW
***************
"You've done enough. Have you no sense of decency, sir, at long last? Have
you left no sense of decency?"
http://www.americanrhetoric.com/speeches/welch-mccarthy.html
.
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|
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| User: "Geo" |
|
| Title: Re: Oil jumps back near $68 |
20 Jan 2006 02:22:58 PM |
|
|
John wrote:
Harry Hope wrote:
From Reuters, 1/20/06:
http://money.cnn.com/2006/01/20/markets/oil.reut/index.htm
I read somewhere a while back that because of world instability due to
an incompetent Bush foreign policy that we pay an extra $10 a barrel for
oil. Looks like this "Bush tax" is even higher now.
Did you hear that through the friend of a friend's brother's sister's
boyfriend's cousin?
.
|
|
|
| User: "c-bee1" |
|
| Title: Re: Oil jumps back near $68 |
20 Jan 2006 08:43:21 PM |
|
|
"Geo" <taxpayer779@hotmail.com> wrote in message
news:1137788578.712420.317350@o13g2000cwo.googlegroups.com...
John wrote:
Harry Hope wrote:
From Reuters, 1/20/06:
http://money.cnn.com/2006/01/20/markets/oil.reut/index.htm
I read somewhere a while back that because of world instability due to
an incompetent Bush foreign policy that we pay an extra $10 a barrel for
oil. Looks like this "Bush tax" is even higher now.
Did you hear that through the friend of a friend's brother's sister's
boyfriend's cousin?
As usual, the republican has nothing.
.
|
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|
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|
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