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Author Topic: Oil futures drop as Middle-East cease-fire holds Back to Topics
brbaritone

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Virginia

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Message Posted: Nov 23, 2012 7:15:24 AM

Crude-oil futures fell in electronic trading Friday as concerns about supply eased on a continued temporary cease-fire between Israel and Hamas.

Benchmark U.S. crude oil for January delivery fell 19 cents, or 0.2%, to $87.19 a barrel on Globex during Asia trading hours.

The contract had risen 63 cents to settle at $87.38 a barrel on the New York Mercantile Exchange on Wednesday. Nymex floor trading was closed Thursday for Thanksgiving.

GFT technical analyst Fawad Razaqzada said Thursday’s “losses were insignificant” with Middle East concerns diminishing, manufacturing activity data out of China and the U.S. Thanksgiving holiday.

“Traders are just waiting for the next big stimulus to push oil prices in one clear direction, but may not get that stimulus until next week,” said Razaqzada
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REPLIES (newest first) Post a Reply
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Jeff4U
Champion Author Atlanta

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Message Posted: Nov 25, 2012 12:03:16 PM

Temporary, as usual.
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52MPG
Champion Author Dayton

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Message Posted: Nov 25, 2012 3:14:13 AM

Will it lower gas prices?
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esq262
Champion Author Asheville

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Message Posted: Nov 23, 2012 10:13:59 PM

Good.
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Mariuxus
Champion Author Chicago

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Message Posted: Nov 23, 2012 9:10:25 PM

ok..
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amerk73
Champion Author Dallas

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Message Posted: Nov 23, 2012 6:38:30 PM

gas price want up
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ObieDog
Champion Author Maryland

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Message Posted: Nov 23, 2012 4:20:37 PM

Don't expect either to last.
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TripleHs
Champion Author Austin

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Message Posted: Nov 23, 2012 3:37:45 PM

way too high
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Taxrefugee
Champion Author Arizona

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Message Posted: Nov 23, 2012 2:29:17 PM

Good news and less uncertainty always helps.
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ToolinIt
Champion Author Colorado

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Message Posted: Nov 23, 2012 2:19:40 PM

WTI is up 1.3% and Brent is up 0.8%. Now what are the speculators viewing that caused crude oil prices to rise?
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tnfran
Champion Author Arizona

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Message Posted: Nov 23, 2012 1:32:50 PM

A very fragile one at that.
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Night Owl
Champion Author Toronto

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Message Posted: Nov 23, 2012 1:03:31 PM

Yes, keep falling.
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1momsunshine
Champion Author Ottawa

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Message Posted: Nov 23, 2012 12:56:12 PM

Keep dropping!
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playtimeCLE
Champion Author Cleveland

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Message Posted: Nov 23, 2012 12:33:48 PM

It wont last for ever...
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Seamus4513
Champion Author Orange County

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Message Posted: Nov 23, 2012 12:05:12 PM

Inherently unstable
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Ticoman54
Champion Author Miami

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Message Posted: Nov 23, 2012 11:44:31 AM

Keep dropping!
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uglytom
Champion Author Florida

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Message Posted: Nov 23, 2012 11:05:15 AM

Until some nut case elsewhere decides to start their own PERSONAL war.
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BUSMAN1105
Champion Author Atlanta

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Message Posted: Nov 23, 2012 10:55:47 AM

THAT'S GREAT NEW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Hawg1408
All-Star Author Alberta

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Message Posted: Nov 23, 2012 10:42:44 AM

excellent
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Lugi1967
Champion Author Ohio

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Message Posted: Nov 23, 2012 10:30:35 AM

Good sign
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humblepie
Champion Author Toledo

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Message Posted: Nov 23, 2012 10:16:46 AM

doesnt seem to matter at the pump
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merlinCO
Champion Author Colorado

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Message Posted: Nov 23, 2012 10:04:00 AM

Supply and demand....get the speculators out of the market!
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cdrrod
Champion Author Wisconsin

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Message Posted: Nov 23, 2012 9:21:48 AM

What goes up inevitably comes down...
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Sapper08
Champion Author Indianapolis

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Message Posted: Nov 23, 2012 9:15:07 AM

Oil futures? Oil has no future.
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OTISFL
Champion Author Pensacola

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Message Posted: Nov 23, 2012 9:13:27 AM

Another excuse.
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csblesson
Champion Author Texas

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Message Posted: Nov 23, 2012 8:57:23 AM

Ridiculous, use any excuse to rig the prices
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ClarkSC
Champion Author South Carolina

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Message Posted: Nov 23, 2012 8:54:15 AM

Cease fire won't hold.
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REBELFAN39
All-Star Author Jackson

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Message Posted: Nov 23, 2012 8:49:04 AM

Good!
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fora_7
Champion Author Montreal

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Message Posted: Nov 23, 2012 8:34:10 AM

Good thing
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derKraut
Champion Author Ontario

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Message Posted: Nov 23, 2012 8:31:24 AM

Oh I'm sure our dear speculators and gas barons will find another reason to push the price up again = possibility of Aliens???
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hokieburgh
Champion Author Virginia

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Message Posted: Nov 23, 2012 8:22:30 AM

hope it holds....for them and us.......
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Yooperheart
Champion Author Michigan

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Message Posted: Nov 23, 2012 8:21:33 AM

Holding my breath now. Call the meat wagon.
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werich44
Champion Author California

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Message Posted: Nov 23, 2012 8:08:24 AM

The only certain things are death, taxes and oil will go up.
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SSwathwood
All-Star Author Denver

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Message Posted: Nov 23, 2012 8:00:11 AM

All just speculation.
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el_fr
Champion Author Massachusetts

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Message Posted: Nov 23, 2012 7:58:01 AM

Good to hear
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Rockyguitar
Champion Author Tampa

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Message Posted: Nov 23, 2012 7:57:37 AM

How long will this last? ....hint>measure it in hours.
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skempton
Champion Author Vermont

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Message Posted: Nov 23, 2012 7:56:19 AM

Speculators will be on the hunt.
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dandvicb
Champion Author Bridgeport

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Message Posted: Nov 23, 2012 7:55:21 AM

Sucks to be a SPECULATOR!!
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rbrk02
Champion Author Rhode Island

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Message Posted: Nov 23, 2012 7:54:54 AM

doeslayersr, absolutely right.
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Evilmaddog
Champion Author British Columbia

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Message Posted: Nov 23, 2012 7:54:28 AM

any excuse will do
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7SPEEDY7
Champion Author Flint

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Message Posted: Nov 23, 2012 7:52:17 AM

Not at the pump!
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beale055
Champion Author Philadelphia

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Message Posted: Nov 23, 2012 7:50:00 AM

Stop The Presses!!!
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kyjlh
Champion Author Kentucky

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Message Posted: Nov 23, 2012 7:41:41 AM

Ok
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wrunner
Champion Author Virginia

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Message Posted: Nov 23, 2012 7:40:51 AM

And holding, holding, holding....
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doeslayersr
Champion Author Illinois

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Message Posted: Nov 23, 2012 7:37:36 AM

A joke. A real drop would be a slide of approx $30 a barrel downward.
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jl1rp
Champion Author New Hampshire

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Message Posted: Nov 23, 2012 7:36:58 AM

Just hope it last a long time.
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sabre75
Champion Author Florida

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Message Posted: Nov 23, 2012 7:35:47 AM

Could not tell by our gas prices. Still going up.
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Ouch06
Champion Author Michigan

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Message Posted: Nov 23, 2012 7:24:06 AM

Too bad the gas prices do not reflect this. Still at 3.63
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humblepie
Champion Author Toledo

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Message Posted: Nov 23, 2012 7:23:12 AM

temporary peace at best
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Straitliner
Champion Author Illinois

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Message Posted: Nov 23, 2012 7:22:49 AM

I'm still waiting for this gas to get downj to 3.00 but being realistic I bet it will get to 4.00 before I see 3.00.
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coughlin
Champion Author San Jose

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Message Posted: Nov 23, 2012 7:21:24 AM

A PEACE Dividend.
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