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

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

Maybe.
jrs4125
Champion Author Indiana

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

Doooooooh
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%
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.
WalRus49
Champion Author Boston

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

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

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

Bunch of knuckle heads
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.
retired23
Sophomore Author Oakland

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

Speculation.
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.
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.
dh0770
Champion Author Colorado

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

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

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

saw this coming....thanks Obama.
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.
SolarReplaceGas
Champion Author Cincinnati

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

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

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

Up again
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?
ktbaeohana
Champion Author Las Vegas

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

watch and see.
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...
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...
bcline909
Veteran Author Virginia

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

wonder how much higher?
kag2010
Champion Author Winnipeg

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

Here we go.
Vetteblu
Champion Author Denver

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

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

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

i agree pscamp "sigh"
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.

pscamp
Champion Author Ottawa

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

Sigh...
gizbo123
Champion Author Los Angeles

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

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

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

Calgon...Take Me Away!
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
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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