Current Oil Price

Post by **mikepepler** » 16 Apr 2008, 10:56

$114.41

Tracy's at the allotment so I can't shout it down the stairs to her...

RevdTess · Post by **RevdTess** » 16 Apr 2008, 11:48

114.50

Mitch · Post by **Mitch** » 16 Apr 2008, 12:03

You're alright Mike, it's just you 'n Tracy - I'm in an open plan office, the "ooh's, aaah's and ocassional s**t!" raise hairy eyeballs and muttered comment, "Oh, it's just Mitch, he'll probly be O.K. though......."

Erik · Post by **Erik** » 16 Apr 2008, 12:12

Mitch wrote:hairy eyeballs

Nice workmates you got there!

Mitch · Post by **Mitch** » 16 Apr 2008, 12:19

Yea, living in a skip on the canal doesn't seem to do much for my credibility - then I mention P.O.............

Seems I now always end up watching the phones during the office Friday pub lunch.........

It's a lot easier on my pocket!

emordnilap · Post by **emordnilap** » 16 Apr 2008, 12:24

Tapis $121.74 16 April 2008 10:50 GMT

Andy Hunt · Post by **Andy Hunt** » 16 Apr 2008, 12:33

Bye-bye dry land BAU . . . I can see it receding in the distance.

We're all at sea now.

emordnilap · Post by **emordnilap** » 16 Apr 2008, 12:36

...but oil is still very, very, very cheap. Way too cheap.

Totally_Baffled · Post by **Totally_Baffled** » 16 Apr 2008, 12:45

Double post ooops!

Totally_Baffled · Post by **Totally_Baffled** » 16 Apr 2008, 12:54

emordnilap wrote:...but oil is still very, very, very cheap. Way too cheap.

......and there is still a hell of a lot being produced! Record amounts in fact!

Imagine when we are on the down slope! I hope the price ticker can cope with more digits!

Tracy P · Post by **Tracy P** » 16 Apr 2008, 13:56

You lot should really get out to the allotments more! Less watching oil rise and more hard work is what you need!

Andy Hunt · Post by **Andy Hunt** » 16 Apr 2008, 13:58

Tracy P wrote:You lot should really get out to the allotments more! Less watching oil rise and more hard work is what you need!

If it were up to me I would most certainly be out in my back garden right this second!!!

Unfortunately I need to know where my next solar panel is coming from . . .

RevdTess · Post by **RevdTess** » 16 Apr 2008, 15:41

'surprisingly' bullish DOE inventory stats - especially for gasoline and crude. New high 114.70

Aurora · Post by **Aurora** » 16 Apr 2008, 16:39

Associated Press - 16/04/08

Gasoline and oil futures prices rocketed to new records Wednesday, propelled by concerns about how much gas will be available during the peak summer months. Crude futures approached $115 for the first time.

Gas futures prices set records after the Energy Department's Energy Information Administration reported that supplies of the fuel fell by 5.5 million barrels last week, much more than analysts surveyed by Dow Jones Newswires had expected.

The report raised concerns that there won't be enough gasoline to meet demand this summer. May gasoline futures rose 3.58 cents to $2.9168 a gallon on the New York Mercantile Exchange after earlier rising to a trading record of $2.933.

Meanwhile, oil futures rose to a new trading high of $114.95 after the report said crude inventories fell by 2.3 million barrels last week, compared to the gain analysts expected.

Light, sweet crude for May delivery was up 60 cents at $114.39 a barrel on the Nymex by late morning.

The EIA also reported that inventories of distillates, which included heating oil and diesel, unexpectedly rose last week by about 100,000 barrels. Analysts had expected a sharp decline. That news sent May heating oil futures 0.48 cent lower to $2.2691 a gallon on the Nymex.

At the pump, meanwhile, the national average price of a gallon of regular unleaded gas rose 1.3 cents Wednesday to a record $3.399 a gallon, according to a survey of stations by AAA and the Oil Price Information Service. That's 53 cents higher than a year ago, and is expected to keep climbing along with futures prices and as the summer driving season draws near.

The average national price of a gallon of diesel, meanwhile, rose a cent to a record $4.129 a gallon, the survey showed.

Original Article

emordnilap · Post by **emordnilap** » 16 Apr 2008, 16:42

Those analysts again! They can't get a thing right, can they? I'd sack 'em.