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

race2IT Champion Author Fort Worth Posts:1,773 Points:725,185 Joined:Oct 2008	Message Posted: Nov 19, 2012 3:11:21 PM Ignore race2IT Report Abuse 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, Visit CNBC for full article

race2IT

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Fort Worth

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

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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,
Visit CNBC for full article

REPLIES (newest first)Ignore Short Messages

bston Champion Author Oklahoma City Posts:1,820 Points:642,275 Joined:Mar 2011	Message Posted: Nov 21, 2012 12:59:52 AM Ignore bston Report Abuse Maybe.
jrs4125 Champion Author Indiana Posts:2,758 Points:591,745 Joined:Sep 2011	Message Posted: Nov 21, 2012 12:22:09 AM Ignore jrs4125 Report Abuse Doooooooh
listerone Champion Author Boston Posts:3,379 Points:878,745 Joined:Aug 2008	Message Posted: Nov 20, 2012 6:00:32 PM Ignore listerone Report Abuse US optimism? I guess the unemployment rate will drop to 13.9% from 14%
Night Owl Champion Author Toronto Posts:7,555 Points:1,787,575 Joined:Jul 2004	Message Posted: Nov 20, 2012 10:09:57 AM Ignore Night Owl Report Abuse More nonsense from greedy Wall Street oil speculators.
WalRus49 Champion Author Boston Posts:4,075 Points:868,865 Joined:Nov 2010	Message Posted: Nov 20, 2012 8:54:51 AM Ignore WalRus49 Report Abuse More organized mayhem and pillage...............................
pricewar Champion Author Ogden Posts:1,940 Points:274,240 Joined:Jul 2012	Message Posted: Nov 20, 2012 3:14:14 AM Ignore pricewar Report Abuse Bunch of knuckle heads
Jeff4U Champion Author Atlanta Posts:8,756 Points:1,852,370 Joined:Nov 2004	Message Posted: Nov 20, 2012 1:13:48 AM Ignore Jeff4U Report Abuse 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.
retired23 Sophomore Author Oakland Posts:237 Points:150,405 Joined:Mar 2012	Message Posted: Nov 20, 2012 1:06:11 AM Ignore retired23 Report Abuse Speculation.
eomc17 Champion Author Tucson Posts:1,822 Points:134,145 Joined:Mar 2007	Message Posted: Nov 19, 2012 10:09:51 PM Ignore eomc17 Report Abuse 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.
TomT2Lee Champion Author Cincinnati Posts:5,357 Points:1,597,230 Joined:Sep 2005	Message Posted: Nov 19, 2012 9:27:00 PM Ignore TomT2Lee Report Abuse For a long time it had become a matter of when, not if the area will blow up.
dh0770 Champion Author Colorado Posts:6,987 Points:672,460 Joined:Jun 2011	Message Posted: Nov 19, 2012 8:27:10 PM Ignore dh0770 Report Abuse Same b.s. excuses!
04LTC Veteran Author Massachusetts Posts:316 Points:99,920 Joined:Sep 2012	Message Posted: Nov 19, 2012 8:25:08 PM Ignore 04LTC Report Abuse saw this coming....thanks Obama.
exyouen Veteran Author Philadelphia Posts:309 Points:402,465 Joined:Jul 2011	Message Posted: Nov 19, 2012 7:58:58 PM Ignore exyouen Report Abuse maybe the US should just take over the region. free oil for all Americans.
SolarReplaceGas Champion Author Cincinnati Posts:1,010 Points:210,170 Joined:Aug 2012	Message Posted: Nov 19, 2012 7:15:04 PM Ignore SolarReplaceGas Report Abuse As usual, "Oil rises..."
Lugi1967 Champion Author Ohio Posts:4,788 Points:1,002,245 Joined:Jun 2010	Message Posted: Nov 19, 2012 6:39:51 PM Ignore Lugi1967 Report Abuse Up again
drpepperTX Champion Author Texas Posts:8,945 Points:752,210 Joined:Apr 2011	Message Posted: Nov 19, 2012 6:26:55 PM Ignore drpepperTX Report Abuse LMAO, Middle East tension I can buy.....US optimism??? Nothing to be optimistic about here. Anybody see last weeks jobless claims?
ktbaeohana Champion Author Las Vegas Posts:2,306 Points:422,000 Joined:Mar 2010	Message Posted: Nov 19, 2012 6:18:51 PM Ignore ktbaeohana Report Abuse watch and see.
playtimeCLE Champion Author Cleveland Posts:8,555 Points:1,543,400 Joined:Nov 2008	Message Posted: Nov 19, 2012 6:09:47 PM Ignore playtimeCLE Report Abuse " 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...
playtimeCLE Champion Author Cleveland Posts:8,555 Points:1,543,400 Joined:Nov 2008	Message Posted: Nov 19, 2012 6:05:20 PM Ignore playtimeCLE Report Abuse 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...
bcline909 Veteran Author Virginia Posts:401 Points:80,170 Joined:Nov 2012	Message Posted: Nov 19, 2012 6:03:11 PM Ignore bcline909 Report Abuse wonder how much higher?
kag2010 Champion Author Winnipeg Posts:5,259 Points:1,020,735 Joined:Apr 2010	Message Posted: Nov 19, 2012 5:56:54 PM Ignore kag2010 Report Abuse Here we go.
Vetteblu Champion Author Denver Posts:2,670 Points:779,845 Joined:Oct 2010	Message Posted: Nov 19, 2012 5:54:19 PM Ignore Vetteblu Report Abuse SOSDD, from the GBS!!
beck12j All-Star Author Dayton Posts:971 Points:335,310 Joined:Mar 2011	Message Posted: Nov 19, 2012 5:45:06 PM Ignore beck12j Report Abuse i agree pscamp "sigh"
doggod Champion Author Anchorage Posts:2,848 Points:741,360 Joined:May 2009	Message Posted: Nov 19, 2012 5:42:43 PM Ignore doggod Report Abuse 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.
pscamp Champion Author Ottawa Posts:3,277 Points:475,135 Joined:May 2011	Message Posted: Nov 19, 2012 4:48:40 PM Ignore pscamp Report Abuse Sigh...
gizbo123 Champion Author Los Angeles Posts:1,514 Points:1,751,985 Joined:Dec 2005	Message Posted: Nov 19, 2012 4:34:12 PM Ignore gizbo123 Report Abuse This'l make our dictator happy.
FlatulenceOdor Sophomore Author Maryland Posts:215 Points:208,045 Joined:Sep 2012	Message Posted: Nov 19, 2012 4:34:09 PM Ignore FlatulenceOdor Report Abuse Calgon...Take Me Away!
humblepie Champion Author Toledo Posts:34,226 Points:2,371,370 Joined:Mar 2006	Message Posted: Nov 19, 2012 3:32:19 PM Ignore humblepie Report Abuse so much war in the middle east, i thought mulims where supposed to be a peaceful lot
Ouch06 Champion Author Michigan Posts:1,613 Points:1,431,505 Joined:Apr 2006	Message Posted: Nov 19, 2012 3:12:41 PM Ignore Ouch06 Report Abuse Here we go. Up with the gas prices again.