CL Redux
- Thread starter schizo
- Start date
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Long 89.05 , add 3
Long 89.05 , add 3
Close all 89.53
Was looking at this price action early this am. Still standing aside.
Is this consolidation or distribution at between .50 and .60?
http://www.reuters.com/article/2011/01/31/markets-energy-nymex-idUSN3132681320110131
* OPEC would add more supplies to the oil market if there
was real shortage, group Secretary General Abdullah al-Badri
said on Monday. Speaking in London, Badri said he did not
expect the current unrest in Egypt to affect oil flows through
the Suez canal or the Sumed pipeline. [ID:nLDE70U0K8]
* OPEC ministers will discuss oil output policy on the
sidelines of an international energy conference in Saudi Arabia
on February 22, an OPEC delegate said. [ID:nSGE70U001]
* Vessels at Egypt's port of Suez are unable to pick-up
military escorts for protection through the pirate-prone Gulf
of Aden, a senior industry official said on Monday. Ships have
been traveling through the Suez Canal as usual with no reports
of delays or cancellations. [ID:nL3E7CV08K]
* U.S. heating demand this week is expected to be 11
percent above normal, the National Weather Service. Demand for
heating oil this week will average 13.1 percent above normal,
while heating demand for natural gas will average 13 percent
above normal, the NWS said. [ID:nSGE70U05T]
* U.S. consumer spending rose more than expected in
December to post the sixth straight month of gains as
households drew down on their savings to fund purchases,
government data showed. [ID:nN28151915]
* OPEC would add more supplies to the oil market if there
was real shortage, group Secretary General Abdullah al-Badri
said on Monday. Speaking in London, Badri said he did not
expect the current unrest in Egypt to affect oil flows through
the Suez canal or the Sumed pipeline. [ID:nLDE70U0K8]
* OPEC ministers will discuss oil output policy on the
sidelines of an international energy conference in Saudi Arabia
on February 22, an OPEC delegate said. [ID:nSGE70U001]
* Vessels at Egypt's port of Suez are unable to pick-up
military escorts for protection through the pirate-prone Gulf
of Aden, a senior industry official said on Monday. Ships have
been traveling through the Suez Canal as usual with no reports
of delays or cancellations. [ID:nL3E7CV08K]
* U.S. heating demand this week is expected to be 11
percent above normal, the National Weather Service. Demand for
heating oil this week will average 13.1 percent above normal,
while heating demand for natural gas will average 13 percent
above normal, the NWS said. [ID:nSGE70U05T]
* U.S. consumer spending rose more than expected in
December to post the sixth straight month of gains as
households drew down on their savings to fund purchases,
government data showed. [ID:nN28151915]