Not Logged In Log In   Sign Up   Points Leaders
Follow Us    3:33 AM

GasBuddy News Article

55
votes
Oil Futures Halt Three-Day Decline As Equities Point Higher

Dow Jones Newswires -- Oil futures rebounded, halting a three-session decline as equities pointed higher and a North Sea oil platform remained down.

Light, sweet crude for April delivery rose 35 cents, or 0.4%, to $90.47 a barrel on the New York Mercantile Exchange. Brent crude on ICE Futures Europe rose 78 cents, or 0.7%, to $110.87 a barrel.

Traders hesitated to push U.S. oil futures below the $90 threshold following a three-session decline, analysts said, and were encouraged by a strong start to U.S. equities trading.

"From a technical viewpoint maybe the correction is over," said Phil Flynn, analyst at Price Futures Group in Chicago.


Read the Full Article

Submitted Mar 06, 2013 By: RENEGADEGAS
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil Futures Halt Three-Day Decline As Equities Point Higher Back to Topics
REPLIES (newest first) Post a Reply
rocky23hy
Champion Author Massachusetts

Posts:3,037
Points:2,122,080
Joined:Sep 2003
Message Posted: Mar 7, 2013 12:08:49 PM

"paper barrels" of oil... Banks control the paper.

Attorney General Eric Holder said that the size of Wall St. banks has an "inhibiting impact" on prosecutions:

Also, I wonder how many times KY jelly has been mentioned in this blog...

[Edited by: rocky23hy at 3/7/2013 12:10:42 PM EST]
52MPG
Champion Author Dayton

Posts:10,516
Points:2,521,350
Joined:Apr 2006
Message Posted: Mar 7, 2013 7:16:42 AM

Follow the bouncing ball...
gravityhurts
Champion Author North Carolina

Posts:5,648
Points:1,626,005
Joined:Sep 2008
Message Posted: Mar 7, 2013 7:15:18 AM

I concur with yardslave, a familiar smell.
yardslave
Champion Author Oklahoma City

Posts:5,839
Points:1,375,645
Joined:Dec 2005
Message Posted: Mar 7, 2013 5:57:20 AM

I smell a speculator...
DrCashFlow
Champion Author Massachusetts

Posts:10,187
Points:2,385,010
Joined:Jun 2008
Message Posted: Mar 7, 2013 3:49:52 AM

noise
Focus2
Champion Author Illinois

Posts:8,172
Points:2,138,645
Joined:Mar 2006
Message Posted: Mar 7, 2013 12:22:38 AM

More manipulation.
Zonk
Champion Author Michigan

Posts:9,698
Points:2,872,800
Joined:Oct 2005
Message Posted: Mar 7, 2013 12:19:43 AM

The roller coaster is starting to roll once again.
rahcat
Champion Author Grand Rapids

Posts:5,965
Points:1,442,750
Joined:Jan 2010
Message Posted: Mar 7, 2013 12:18:01 AM

We will be paying more in the near future.
boatfloyd
Champion Author Jacksonville

Posts:5,022
Points:1,167,390
Joined:Mar 2012
Message Posted: Mar 7, 2013 12:14:07 AM

Gold went up a little to.
obimerrill
Champion Author Cincinnati

Posts:4,694
Points:1,069,665
Joined:Jul 2012
Message Posted: Mar 7, 2013 12:11:55 AM

Speculation again!
iFueler
Champion Author Durham

Posts:76,350
Points:954,400
Joined:Nov 2012
Message Posted: Mar 7, 2013 12:11:01 AM

 
tedjm1
Champion Author New York

Posts:5,609
Points:801,050
Joined:Dec 2006
Message Posted: Mar 7, 2013 12:08:36 AM

Lower.....
Glock26
Champion Author Dayton

Posts:4,651
Points:1,383,010
Joined:Mar 2011
Message Posted: Mar 7, 2013 12:07:18 AM

It needs to drop hard and fast!!!
jetskijerry
Champion Author North Carolina

Posts:7,054
Points:1,536,285
Joined:Mar 2011
Message Posted: Mar 7, 2013 12:06:40 AM

crooks
jetskijerry
Champion Author North Carolina

Posts:7,054
Points:1,536,285
Joined:Mar 2011
Message Posted: Mar 7, 2013 12:06:26 AM

Any excuse for an increase.
Rageagainsttm
Champion Author Tampa

Posts:11,349
Points:2,658,855
Joined:Jul 2007
Message Posted: Mar 7, 2013 12:06:25 AM

It probably will mean higher prices.
SteelPenny
Champion Author Dallas

Posts:38,463
Points:3,383,765
Joined:Sep 2005
Message Posted: Mar 7, 2013 12:06:04 AM

Right.
bvrbill
Champion Author Eugene

Posts:8,203
Points:1,297,875
Joined:Jul 2011
Message Posted: Mar 7, 2013 12:05:32 AM

Let's hope this doesn't raise prices at the pump.
JasTheAce
Champion Author Raleigh

Posts:4,159
Points:948,385
Joined:Nov 2012
Message Posted: Mar 7, 2013 12:04:52 AM

ok
pv2004
Champion Author Connecticut

Posts:1,270
Points:945,935
Joined:Jun 2004
Message Posted: Mar 7, 2013 12:01:43 AM

:'(
wcp3rd
All-Star Author New Jersey

Posts:780
Points:868,220
Joined:Mar 2012
Message Posted: Mar 7, 2013 12:00:23 AM

ok
Holly123
Champion Author Charlotte

Posts:6,002
Points:1,540,725
Joined:Dec 2010
Message Posted: Mar 6, 2013 11:59:26 PM

Ok
clermont40miles
Champion Author Cincinnati

Posts:14,683
Points:2,547,380
Joined:Apr 2008
Message Posted: Mar 6, 2013 11:57:02 PM

Prices are stable at a very high price.

Needs to fall at least $10 a barrel.
Math6149
Champion Author Jacksonville

Posts:1,193
Points:2,443,885
Joined:Jan 2007
Message Posted: Mar 6, 2013 11:56:46 PM

Looks speculators are back at it again under the order of obammmmaaaa.
grt197
Champion Author Illinois

Posts:2,141
Points:511,130
Joined:Jan 2013
Message Posted: Mar 6, 2013 11:54:18 PM

is a reason to hike prices
brprven
Champion Author Dallas

Posts:3,877
Points:1,063,810
Joined:Jun 2012
Message Posted: Mar 6, 2013 11:53:25 PM

ok
BeeDee53
All-Star Author Ontario

Posts:609
Points:438,305
Joined:May 2012
Message Posted: Mar 6, 2013 11:52:21 PM

No chnge in demand though
CCLighthouse
Champion Author Hartford

Posts:1,508
Points:318,315
Joined:Aug 2012
Message Posted: Mar 6, 2013 11:50:35 PM

Aye Carrumba!
prassu2012
Champion Author Illinois

Posts:3,599
Points:910,490
Joined:Dec 2012
Message Posted: Mar 6, 2013 11:48:25 PM

ok
southrob
Champion Author Tucson

Posts:6,072
Points:1,387,845
Joined:Mar 2011
Message Posted: Mar 6, 2013 11:47:00 PM

dhan
Topless2012
Champion Author Twin Cities

Posts:5,465
Points:1,187,340
Joined:Jan 2012
Message Posted: Mar 6, 2013 11:46:44 PM

If you say so
cwashi3324
Champion Author Cincinnati

Posts:3,509
Points:734,895
Joined:May 2009
Message Posted: Mar 6, 2013 11:43:59 PM

Yeah, ok.
gasmack
Champion Author Ventura

Posts:4,046
Points:1,381,805
Joined:Feb 2011
Message Posted: Mar 6, 2013 11:43:50 PM

And here come the usual price gyrations-ever upward.
Ready Eddie
Champion Author Twin Cities

Posts:8,763
Points:2,049,345
Joined:Feb 2003
Message Posted: Mar 6, 2013 11:43:32 PM

pure speculation
ldiggy
Champion Author Wilmington

Posts:3,757
Points:1,058,720
Joined:Apr 2012
Message Posted: Mar 6, 2013 11:41:38 PM

Wishful thinking.
GigHarborHound
Champion Author Tacoma

Posts:4,033
Points:785,610
Joined:Sep 2011
Message Posted: Mar 6, 2013 11:41:15 PM

OK
WIWalt
Champion Author Wisconsin

Posts:4,876
Points:1,188,370
Joined:Mar 2012
Message Posted: Mar 6, 2013 11:39:00 PM

Just another excuse to raise prices
HailstormCA
Champion Author San Diego

Posts:10,608
Points:2,145,175
Joined:Nov 2008
Message Posted: Mar 6, 2013 11:37:19 PM

Bumadaba, bumadaba, bumadaba...
txkrb
Champion Author Texas

Posts:2,813
Points:1,337,680
Joined:May 2011
Message Posted: Mar 6, 2013 11:37:15 PM

No oil was down 39 cents today
Hell this is the third time in the last few weeks an article is written before the markets close and they get the days activity wrong
troutbum7
Champion Author Nevada

Posts:1,661
Points:674,920
Joined:Oct 2012
Message Posted: Mar 6, 2013 11:34:48 PM

Price Futures Group in Chicago! Well that says it all we are in trouble look what else came from there (or Kenya).
hank1326
Champion Author Los Angeles

Posts:11,254
Points:2,453,185
Joined:Jun 2008
Message Posted: Mar 6, 2013 11:32:25 PM

Meanwhile we are getting raked at the pumps.
dasimon
All-Star Author Florida

Posts:556
Points:590,850
Joined:Mar 2011
Message Posted: Mar 6, 2013 11:28:25 PM

Ok
SavALot
Champion Author Virginia Beach

Posts:10,870
Points:2,448,910
Joined:Apr 2005
Message Posted: Mar 6, 2013 11:24:10 PM

future is bright?
snagged
Veteran Author Akron

Posts:459
Points:338,840
Joined:Oct 2012
Message Posted: Mar 6, 2013 11:20:54 PM

Three days down. Sounds like a rock group.
DEG
Champion Author Las Vegas

Posts:20,751
Points:4,246,155
Joined:Jul 2003
Message Posted: Mar 6, 2013 11:17:59 PM

Speculators doing what they do.
ScottTee
Champion Author Detroit

Posts:7,604
Points:1,833,225
Joined:Mar 2010
Message Posted: Mar 6, 2013 11:17:52 PM

Up, up and away
pgerassi
Champion Author Milwaukee

Posts:14,161
Points:2,909,315
Joined:Apr 2007
Message Posted: Mar 6, 2013 11:16:28 PM

Wishful thinking.
Gas4Gore
Champion Author Detroit

Posts:3,370
Points:600,885
Joined:Jan 2010
Message Posted: Mar 6, 2013 11:15:25 PM

Oh my.
Trowinsamoan
Champion Author Los Angeles

Posts:2,349
Points:511,165
Joined:Nov 2012
Message Posted: Mar 6, 2013 11:13:38 PM

Wow three whole days?
wayoung56
Champion Author Alabama

Posts:5,916
Points:1,580,210
Joined:Oct 2006
Message Posted: Mar 6, 2013 11:11:07 PM

Hmmm...
papakoca
All-Star Author Texas

Posts:898
Points:1,249,165
Joined:Jun 2011
Message Posted: Mar 6, 2013 11:10:34 PM

I wonder what the disconnect is between oil prices and gas prices?

Speculators and greed. What a combination.
Post a reply Back to Topics