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Author Topic: Oil prices rise little as Gaza fighting continues Back to Topics
Nitewolf
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Anchorage

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Message Posted: Nov 19, 2012 10:23:48 AM

The Associated Press

NEW YORK — Oil futures prices rose slightly in electronic trading Sunday night with the market apparently unaffected by fighting between Israel and Hamas.

In early trading, January benchmark crude futures rose less than 1 percent, by 60 to 70 cents per barrel, over Friday's close of $86.92. Brent crude, used to price many international varieties of oil, rose about 55 cents. It closed Friday at $108.95 per barrel in London.

Tom Kloza, chief oil analyst at the Oil Price Information Service, said the international futures markets have been relatively quiet, and he doesn't see that changing much as long as Gaza Strip fighting doesn't spread. If Saudi Arabia continues to produce extra oil and U.S. production keeps rising, gasoline prices in the U.S. should be insulated
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REPLIES (newest first) Post a Reply
remay
Champion Author Houston

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Message Posted: Nov 20, 2012 8:48:27 AM

"rise little"???

As in "didn't go up much"? Hmmm, what gives?
ClarkSC
Champion Author South Carolina

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Message Posted: Nov 20, 2012 8:06:55 AM

Any excuse.
LilRedWagonIN
Champion Author Indiana

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Message Posted: Nov 20, 2012 1:19:47 AM

Still a wall of worry that's being climbed.
bston
Champion Author Oklahoma City

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Message Posted: Nov 19, 2012 10:56:15 PM

Prices can jump high overnight.
dh0770
Champion Author Colorado

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Message Posted: Nov 19, 2012 8:45:40 PM

A frog farts and oil rises! Since when was Gaza an oil exporter?
steelydawn
Rookie Author Winnipeg

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Message Posted: Nov 19, 2012 1:45:42 PM

It's very sad to see this happening.
Zeke33
Champion Author New Hampshire

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Message Posted: Nov 19, 2012 1:44:03 PM

Futures markets, please stay quiet.
Jeff4U
Champion Author Atlanta

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Message Posted: Nov 19, 2012 12:35:59 PM

Crude prices rose by $3.99 since Friday when they were at $85.50
I don't consider this as "oil prices rise little"
Skunk63
Champion Author Phoenix

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Message Posted: Nov 19, 2012 11:09:17 AM

Up and down. Repeat.
lesabreAZ
Champion Author Phoenix

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Message Posted: Nov 19, 2012 11:04:51 AM

next post 1 minute later says it's going up. Speculation!
Goddeciano1
Rookie Author Ontario

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Message Posted: Nov 19, 2012 11:04:45 AM

ok
mazdaboy
Champion Author Portland

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Message Posted: Nov 19, 2012 10:46:19 AM

Actually oil is up a couple of dollars today.
humblepie
Champion Author Toledo

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Message Posted: Nov 19, 2012 10:43:25 AM

unexpected
ErnieK9LO
Champion Author North Dakota

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Message Posted: Nov 19, 2012 10:29:07 AM

The US is becoming a bigger player with oil.
JCI46009IN
Champion Author Indiana

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Message Posted: Nov 19, 2012 10:25:39 AM

Good news.........
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