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Crude Oil Rises on Nigerian Supply Concern, Demand for Gasoline »

Posted by: STONERS 2 years, 6 months ago

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Nigeria is counting votes today after a presidential poll last week that's been criticized for fraud. Militant attacks in Nigeria, Africa's largest oil producer, have already cut about a quarter of its output. U.S. gasoline demand is climbing twice as fast as last year's and will accelerate when summer travel begins next month.

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Comments: 4

Avg rating: (+15/-2 13)
STONERS
April 23, 2007, 12:32 p.m.
``Demand is surprisingly strong and the stockpiles have fallen much more than we expected,'' Jakob Schoechli, an analyst at Clariden Leu, said from Zurich. ``In general, America has a deficit and needs to import fuel from Europe, so there could be higher gasoline prices in the U.S.''
Crude oil for June delivery rose as much as 43 cents, or 0.7 percent, to $64.54 a barrel in after-hours electronic trading on the New York Mercantile Exchange and traded at $64.42 at 1:19 p.m. in London.
Avg rating: (+0/-0 0)
Teech
April 24, 2007, 4:31 a.m.
......"Yes, the plan is working beautifully. We WILL reach our planned target $80 per barrel oil price by July. Keep the usual media outlets pumping out the surprising demand and shrinking supply stories. Contact the Saudis...it's time for a little problem with production, a fire or something, to further constrict supply. Oh, yes......and use the off-shore "terrorist" accounts to increase our aid to the African militants, but tell them to cool it, nothing drastic until we tell them. Got it? Everybody on board? Condi? George? Karl? Now let's go get 'em....we only have two more years to milk this cow and we don't want to leave a single drop!"
"Yes, Mr.Cheney.....you can depend on us."
Avg rating: (+4/-0 4)
HannibalBarca
April 24, 2007, 4:56 a.m.
Iran?
Avg rating: (+1/-0 1)
tehranchik
April 24, 2007, 11:26 a.m.
Portland, Oregon---$3.05--$3.30 a gallon yesterday.