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Author Topic: Oil Rises 2% on Mideast Tensions, US Optimism Back to Topics
race2IT

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Fort Worth

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Message Posted: Nov 19, 2012 3:11:21 PM

Oil rose more than 2 percent on Monday to its highest price since mid-October, fueled by supply concerns as violence in the Middle East escalated and by higher hopes that a U.S. budget crisis will be averted.

Traders focused on the growing Israeli-Palestinian conflict. Israel raised the stakes on Monday, saying it was ready for a ground invasion in the Gaza Strip though it preferred a diplomatic solution.

While previous Middle East wars have led to oil embargoes and temporary disruptions to energy supplies, analysts say it is unlikely the confrontation will spill out into a wider conflict in the region, which supplies a third of the world's crude.

United Nations Secretary General Ban Ki-moon was due to arrive in Cairo on Monday to support ceasefire efforts led by Egypt,
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REPLIES (newest first) Post a Reply
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bston
Champion Author Oklahoma City

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Message Posted: Nov 21, 2012 12:59:52 AM

Maybe.
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jrs4125
Champion Author Indiana

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Message Posted: Nov 21, 2012 12:22:09 AM

Doooooooh
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listerone
Champion Author Boston

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Message Posted: Nov 20, 2012 6:00:32 PM

US optimism? I guess the unemployment rate will drop to 13.9% from 14%
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Night Owl
Champion Author Toronto

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Message Posted: Nov 20, 2012 10:09:57 AM

More nonsense from greedy Wall Street oil speculators.
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WalRus49
Champion Author Boston

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Message Posted: Nov 20, 2012 8:54:51 AM

More organized mayhem and pillage...............................
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pricewar
Champion Author Ogden

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Message Posted: Nov 20, 2012 3:14:14 AM

Bunch of knuckle heads
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Jeff4U
Champion Author Atlanta

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Message Posted: Nov 20, 2012 1:13:48 AM

Crude is now at $89.13 per barrel. It was $85.50 last Friday.
Wholesale gas settled at $2.75 per gallon.

Our gas prices spiked 10¢ per gallon yesterday then fell by 8¢ today, a very unusual move - as if they regretted or made a mistake on the yesterday spike.
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retired23
Sophomore Author Oakland

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Message Posted: Nov 20, 2012 1:06:11 AM

Speculation.
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eomc17
Champion Author Tucson

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Message Posted: Nov 19, 2012 10:09:51 PM

Pure speculation at its worst and our government refuses to regulate greedy wall street speculators. Our government is absolutely worthless for most of our problems and worries.
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TomT2Lee
Champion Author Cincinnati

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Message Posted: Nov 19, 2012 9:27:00 PM

For a long time it had become a matter of when, not if the area will blow up.
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dh0770
Champion Author Colorado

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Message Posted: Nov 19, 2012 8:27:10 PM

Same b.s. excuses!
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04LTC
Veteran Author Massachusetts

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Message Posted: Nov 19, 2012 8:25:08 PM

saw this coming....thanks Obama.
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exyouen
Veteran Author Philadelphia

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Message Posted: Nov 19, 2012 7:58:58 PM

maybe the US should just take over the region. free oil for all Americans.
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SolarReplaceGas
Champion Author Cincinnati

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Message Posted: Nov 19, 2012 7:15:04 PM

As usual, "Oil rises..."
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Lugi1967
Champion Author Ohio

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Message Posted: Nov 19, 2012 6:39:51 PM

Up again
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drpepperTX
Champion Author Texas

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Message Posted: Nov 19, 2012 6:26:55 PM

LMAO, Middle East tension I can buy.....US optimism??? Nothing to be optimistic about here. Anybody see last weeks jobless claims?
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ktbaeohana
Champion Author Las Vegas

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Message Posted: Nov 19, 2012 6:18:51 PM

watch and see.
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playtimeCLE
Champion Author Cleveland

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Message Posted: Nov 19, 2012 6:09:47 PM

" i thought mulims where supposed to be a peaceful lot "

Every religion is supposed to be peaceful, until they are arguing about how is right & who is wrong with some other religion...
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playtimeCLE
Champion Author Cleveland

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Message Posted: Nov 19, 2012 6:05:20 PM

The first life form in the world did something bad to the second life form on earth, and the Middle East is still fighting about it...
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bcline909
Veteran Author Virginia

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Message Posted: Nov 19, 2012 6:03:11 PM

wonder how much higher?
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kag2010
Champion Author Winnipeg

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Message Posted: Nov 19, 2012 5:56:54 PM

Here we go.
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Vetteblu
Champion Author Denver

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Message Posted: Nov 19, 2012 5:54:19 PM

SOSDD, from the GBS!!
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beck12j
All-Star Author Dayton

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Message Posted: Nov 19, 2012 5:45:06 PM

i agree pscamp "sigh"
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doggod
Champion Author Anchorage

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Message Posted: Nov 19, 2012 5:42:43 PM

The people that write this stuff, do they go out and poll a big bunch of oil traders, asking them why they are bidding up the price? Or do they just make stuff up? I think we all know the answer.

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pscamp
Champion Author Ottawa

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Message Posted: Nov 19, 2012 4:48:40 PM

Sigh...
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gizbo123
Champion Author Los Angeles

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Message Posted: Nov 19, 2012 4:34:12 PM

This'l make our dictator happy.
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FlatulenceOdor
All-Star Author Maryland

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Message Posted: Nov 19, 2012 4:34:09 PM

Calgon...Take Me Away!
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humblepie
Champion Author Toledo

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Message Posted: Nov 19, 2012 3:32:19 PM

so much war in the middle east, i thought mulims where
supposed to be a peaceful lot
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Ouch06
Champion Author Michigan

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Message Posted: Nov 19, 2012 3:12:41 PM

Here we go. Up with the gas prices again.
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