Oil climbs, US oil stocks fall, OPEC talks cuts

[jayfish]

reuters

LONDON (Reuters) - Oil climbed toward $60 a barrel on Wednesday, after U.S. inventory data showed falls in stocks of some refined products and OPEC ministers pledged to push ahead with output cuts agreed last month.

U.S. crude <CLc1> was up 81 cents to $59.74 a barrel by 1611 GMT. London Brent crude <LCOc1> was up 85 cents at $59.33.

Well, well, well; just in time. Too bad part B of big oils plan just didn't pan out.

Jay

[billybob537]

1. The Arabs were flooding the

Market to try and save Bush. That's a short course in how the market can be manipulated to influence the political climate. We were supposed to forget all the other shortcomings of this Badministration becouse they pushed down the price of oil for the election. Too bad shrub have a nice time in jail.

[AndyTiedye]

2. A Little Favor From **'s Friends at the House of Saud

And now that we didn't vote their way, we can expect to see…

[Emillereid]

3. Color me surprised!!

[bemildred]

4. US averages (Dow and Nasdaq) were up a little today.

Big HoHum from what I could tell. There is the business with defense, and tomorrow is another day.

[sarcasmo]

5. We all knew this was coming, Kick and Nom for Reality.

[Tight_rope]

Oil goes up day after Repukes loose. Surprise! Surprise! Surprise! "NOT"!

[Tight_rope]

6. Oil goes up day after Repukes loose. Surprise! Surprise! Surprise! "NOT"!

[rodeodance]

7. Now who would have IMagined this could happen??

[superconnected]

8. As forcasted, proof that oil and politics walk hand and hand

ooow daddy bush must be so maaad a junior for screwing it all up.

[Straight Shooter]

9. Market was just a teeny-tiny bit jittery because the Senate control wasn't confirmed.

Tomorrow is another day.

As for the price per barrel, we could see this coming from a mile away, no matter the outcome.