Monday Barrel Roll

Stacked rigs are seen along with other idled oil drilling equipment at a depot in Dickinson, North Dakota June 26, 2015. REUTERS/Andrew Cullen

Stacked rigs are seen along with other idled oil drilling equipment at a depot in Dickinson, North Dakota June 26, 2015. REUTERS/Andrew Cullen

U.S. crude oil prices dipped in early Asian trading on Monday, heading towards last week’s 2015 lows as a rebound in drilling activity, a strong dollar and brimming storage facilities weighed on prices.

U.S. West Texas Intermediate (WI) crude futures were trading at $34.48 per barrel at 0008 GMT, down 25 cents from their last settlement and close to last Friday’s 2015 lows. Oil prices are at levels last seen during the peak of the financial crisis of 2008/2009.

Analysts said a strong dollar following last week’s U.S. interest rate hike, which makes oil consumption more expensive for countries using different currencies, as well as a renewed increase in U.S. oil rig counts were weighing on crude prices.

@ REUTERS

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About Den

Always in search of interesting things to post. Armed with knowledge and dangerous with the ladies.
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9 Responses to Monday Barrel Roll

  1. º¿carol says:

    Nobody here yet? Just about 5:00 p.m. here.

    I made the Hungarian Palacsintas, smoked up the house because I used butter to cook the crepes. I better not make them again, almost killed Bob. It really interfered with his breathing, scared both of us. I had the bathroom fan on but I put the bedroom fan in the window and had it spitting the smoke outside. Cleared the place much faster. Had Bob lay down in there and he recovered shortly.

    • Den says:

      I’ve been here all day lurking.
      I thought you might have an oxygen bottle on hand, probably should.
      Everyone tells me to fry stuff in olive oil, of course I have no stove and if I tried frying anything in my 10 x 12 area I would probably suffocate myself.

      BIG Pharma still ravaging my bones, tried to write an address on a label at the Post Office, darn near illegible. I have not tried to write in the AM when the pain is at it’s peak, rather startling.

  2. Den says:

    Pouring like the dickens all day since yesterday, filling the reservoirs and creating a white Xmas boom for the ski resorts in Tahoe, the ski racks and snowboards on the roofs of the silver SUV’s are many around the freeway exit here.

  3. David B. Benson says:

    Rain on the uncleared sidewalks makes for slippery, slushy walking down to the Nuevo Vallarta for chili reano.

  4. David B. Benson says:

    Carol — Thank you for the card!

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