Not Logged In Log In   Sign Up   Points Leaders
Follow Us    11:46 AM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil futures drop as Middle-East cease-fire holds Back to Topics
brbaritone

Champion Author
Virginia

Posts:3,804
Points:2,327,515
Joined:Jan 2007
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
Visit MarkdetWatch for full article
REPLIES (newest first) Post a Reply
Profile Pic
Jeff4U
Champion Author Atlanta

Posts:11,630
Points:2,508,905
Joined:Nov 2004
Message Posted: Nov 25, 2012 12:03:16 PM

Temporary, as usual.
Profile Pic
52MPG
Champion Author Dayton

Posts:10,032
Points:2,400,350
Joined:Apr 2006
Message Posted: Nov 25, 2012 3:14:13 AM

Will it lower gas prices?
Profile Pic
esq262
Champion Author Asheville

Posts:5,462
Points:1,294,405
Joined:Jul 2011
Message Posted: Nov 23, 2012 10:13:59 PM

Good.
Profile Pic
Mariuxus
Champion Author Chicago

Posts:5,967
Points:2,506,895
Joined:May 2007
Message Posted: Nov 23, 2012 9:10:25 PM

ok..
Profile Pic
amerk73
Champion Author Dallas

Posts:9,789
Points:2,280,220
Joined:Oct 2008
Message Posted: Nov 23, 2012 6:38:30 PM

gas price want up
Profile Pic
ObieDog
Champion Author Maryland

Posts:4,420
Points:1,494,220
Joined:Sep 2010
Message Posted: Nov 23, 2012 4:20:37 PM

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

Posts:3,868
Points:1,051,020
Joined:Oct 2009
Message Posted: Nov 23, 2012 3:37:45 PM

way too high
Profile Pic
Taxrefugee
Champion Author Arizona

Posts:3,080
Points:1,004,180
Joined:Jan 2012
Message Posted: Nov 23, 2012 2:29:17 PM

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

Posts:1,844
Points:1,492,465
Joined:May 2010
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?
Profile Pic
tnfran
Champion Author Arizona

Posts:7,106
Points:1,484,565
Joined:Dec 2010
Message Posted: Nov 23, 2012 1:32:50 PM

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

Posts:10,240
Points:2,441,400
Joined:Jul 2004
Message Posted: Nov 23, 2012 1:03:31 PM

Yes, keep falling.
Profile Pic
1momsunshine
Champion Author Ottawa

Posts:8,096
Points:1,619,765
Joined:Mar 2010
Message Posted: Nov 23, 2012 12:56:12 PM

Keep dropping!
Profile Pic
playtimeCLE
Champion Author Cleveland

Posts:11,274
Points:2,193,940
Joined:Nov 2008
Message Posted: Nov 23, 2012 12:33:48 PM

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

Posts:5,336
Points:1,039,030
Joined:Mar 2012
Message Posted: Nov 23, 2012 12:05:12 PM

Inherently unstable
Profile Pic
Ticoman54
Champion Author Miami

Posts:8,071
Points:1,773,135
Joined:Oct 2008
Message Posted: Nov 23, 2012 11:44:31 AM

Keep dropping!
Profile Pic
uglytom
Champion Author Florida

Posts:7,464
Points:1,542,015
Joined:Jul 2007
Message Posted: Nov 23, 2012 11:05:15 AM

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

Posts:3,958
Points:1,770,425
Joined:Aug 2008
Message Posted: Nov 23, 2012 10:55:47 AM

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

Posts:758
Points:1,080,675
Joined:May 2010
Message Posted: Nov 23, 2012 10:42:44 AM

excellent
Profile Pic
Lugi1967
Champion Author Ohio

Posts:7,229
Points:1,638,300
Joined:Jun 2010
Message Posted: Nov 23, 2012 10:30:35 AM

Good sign
Profile Pic
humblepie
Champion Author Toledo

Posts:58,871
Points:3,032,595
Joined:Mar 2006
Message Posted: Nov 23, 2012 10:16:46 AM

doesnt seem to matter at the pump
Profile Pic
merlinCO
Champion Author Colorado

Posts:4,407
Points:994,160
Joined:Mar 2012
Message Posted: Nov 23, 2012 10:04:00 AM

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

Posts:6,652
Points:1,401,910
Joined:Feb 2006
Message Posted: Nov 23, 2012 9:21:48 AM

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

Posts:3,483
Points:876,695
Joined:Mar 2012
Message Posted: Nov 23, 2012 9:15:07 AM

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

Posts:5,993
Points:1,160,510
Joined:Apr 2009
Message Posted: Nov 23, 2012 9:13:27 AM

Another excuse.
Profile Pic
csblesson
Champion Author Texas

Posts:3,683
Points:965,170
Joined:May 2012
Message Posted: Nov 23, 2012 8:57:23 AM

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

Posts:5,722
Points:1,666,545
Joined:May 2010
Message Posted: Nov 23, 2012 8:54:15 AM

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

Posts:561
Points:1,055,945
Joined:Nov 2011
Message Posted: Nov 23, 2012 8:49:04 AM

Good!
Profile Pic
fora_7
Champion Author Montreal

Posts:3,656
Points:866,150
Joined:Sep 2012
Message Posted: Nov 23, 2012 8:34:10 AM

Good thing
Profile Pic
derKraut
Champion Author Ontario

Posts:2,285
Points:1,758,125
Joined:Dec 2008
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???
Profile Pic
hokieburgh
Champion Author Virginia

Posts:1,830
Points:1,042,840
Joined:Feb 2007
Message Posted: Nov 23, 2012 8:22:30 AM

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

Posts:6,655
Points:1,186,950
Joined:Feb 2010
Message Posted: Nov 23, 2012 8:21:33 AM

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

Posts:4,626
Points:1,120,890
Joined:Jun 2011
Message Posted: Nov 23, 2012 8:08:24 AM

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

Posts:551
Points:1,285,585
Joined:Nov 2009
Message Posted: Nov 23, 2012 8:00:11 AM

All just speculation.
Profile Pic
el_fr
Champion Author Massachusetts

Posts:6,120
Points:1,406,380
Joined:Apr 2011
Message Posted: Nov 23, 2012 7:58:01 AM

Good to hear
Profile Pic
Rockyguitar
Champion Author Tampa

Posts:5,204
Points:1,840,590
Joined:Sep 2008
Message Posted: Nov 23, 2012 7:57:37 AM

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

Posts:3,778
Points:1,459,120
Joined:Apr 2010
Message Posted: Nov 23, 2012 7:56:19 AM

Speculators will be on the hunt.
Profile Pic
dandvicb
Champion Author Bridgeport

Posts:3,072
Points:1,671,245
Joined:Jul 2004
Message Posted: Nov 23, 2012 7:55:21 AM

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

Posts:8,819
Points:1,477,255
Joined:Jan 2011
Message Posted: Nov 23, 2012 7:54:54 AM

doeslayersr, absolutely right.
Profile Pic
Evilmaddog
Champion Author British Columbia

Posts:6,090
Points:1,614,580
Joined:Aug 2010
Message Posted: Nov 23, 2012 7:54:28 AM

any excuse will do
Profile Pic
7SPEEDY7
Champion Author Flint

Posts:3,671
Points:1,245,045
Joined:May 2011
Message Posted: Nov 23, 2012 7:52:17 AM

Not at the pump!
Profile Pic
beale055
Champion Author Philadelphia

Posts:1,292
Points:534,325
Joined:Jan 2012
Message Posted: Nov 23, 2012 7:50:00 AM

Stop The Presses!!!
Profile Pic
kyjlh
Champion Author Kentucky

Posts:3,776
Points:1,100,650
Joined:Feb 2005
Message Posted: Nov 23, 2012 7:41:41 AM

Ok
Profile Pic
wrunner
Champion Author Virginia

Posts:7,287
Points:1,795,375
Joined:Dec 2009
Message Posted: Nov 23, 2012 7:40:51 AM

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

Posts:12,494
Points:1,529,580
Joined:Dec 2010
Message Posted: Nov 23, 2012 7:37:36 AM

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

Posts:4,827
Points:1,012,105
Joined:May 2012
Message Posted: Nov 23, 2012 7:36:58 AM

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

Posts:1,691
Points:354,785
Joined:May 2012
Message Posted: Nov 23, 2012 7:35:47 AM

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

Posts:2,309
Points:1,941,500
Joined:Apr 2006
Message Posted: Nov 23, 2012 7:24:06 AM

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

Posts:58,871
Points:3,032,595
Joined:Mar 2006
Message Posted: Nov 23, 2012 7:23:12 AM

temporary peace at best
Profile Pic
Straitliner
Champion Author Illinois

Posts:4,350
Points:892,670
Joined:Sep 2012
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.
Profile Pic
coughlin
Champion Author San Jose

Posts:6,662
Points:1,449,710
Joined:Sep 2009
Message Posted: Nov 23, 2012 7:21:24 AM

A PEACE Dividend.
Post a reply Back to Topics