Not Logged In Log In   Sign Up   Points Leaders
Follow Us    3:27 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:4,232
Points:2,442,375
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
Jeff4U
Champion Author Atlanta

Posts:12,271
Points:2,626,090
Joined:Nov 2004
Message Posted: Nov 25, 2012 12:03:16 PM

Temporary, as usual.
52MPG
Champion Author Dayton

Posts:10,495
Points:2,516,350
Joined:Apr 2006
Message Posted: Nov 25, 2012 3:14:13 AM

Will it lower gas prices?
esq262
Champion Author Asheville

Posts:5,866
Points:1,409,035
Joined:Jul 2011
Message Posted: Nov 23, 2012 10:13:59 PM

Good.
Mariuxus
Champion Author Chicago

Posts:6,167
Points:2,611,195
Joined:May 2007
Message Posted: Nov 23, 2012 9:10:25 PM

ok..
amerk73
Champion Author Dallas

Posts:10,244
Points:2,396,120
Joined:Oct 2008
Message Posted: Nov 23, 2012 6:38:30 PM

gas price want up
ObieDog
Champion Author Maryland

Posts:4,876
Points:1,611,465
Joined:Sep 2010
Message Posted: Nov 23, 2012 4:20:37 PM

Don't expect either to last.
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
Taxrefugee
Champion Author Arizona

Posts:3,537
Points:1,121,040
Joined:Jan 2012
Message Posted: Nov 23, 2012 2:29:17 PM

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

Posts:1,846
Points:1,599,305
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?
tnfran
Champion Author Arizona

Posts:7,536
Points:1,599,340
Joined:Dec 2010
Message Posted: Nov 23, 2012 1:32:50 PM

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

Posts:10,695
Points:2,557,255
Joined:Jul 2004
Message Posted: Nov 23, 2012 1:03:31 PM

Yes, keep falling.
1momsunshine
Champion Author Ottawa

Posts:8,542
Points:1,732,910
Joined:Mar 2010
Message Posted: Nov 23, 2012 12:56:12 PM

Keep dropping!
playtimeCLE
Champion Author Cleveland

Posts:11,736
Points:2,304,775
Joined:Nov 2008
Message Posted: Nov 23, 2012 12:33:48 PM

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

Posts:5,607
Points:1,148,105
Joined:Mar 2012
Message Posted: Nov 23, 2012 12:05:12 PM

Inherently unstable
Ticoman54
Champion Author Miami

Posts:8,103
Points:1,790,075
Joined:Oct 2008
Message Posted: Nov 23, 2012 11:44:31 AM

Keep dropping!
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.
BUSMAN1105
Champion Author Atlanta

Posts:4,216
Points:1,872,610
Joined:Aug 2008
Message Posted: Nov 23, 2012 10:55:47 AM

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

Posts:844
Points:1,162,100
Joined:May 2010
Message Posted: Nov 23, 2012 10:42:44 AM

excellent
Lugi1967
Champion Author Ohio

Posts:7,619
Points:1,750,375
Joined:Jun 2010
Message Posted: Nov 23, 2012 10:30:35 AM

Good sign
humblepie
Champion Author Toledo

Posts:63,752
Points:3,149,920
Joined:Mar 2006
Message Posted: Nov 23, 2012 10:16:46 AM

doesnt seem to matter at the pump
merlinCO
Champion Author Colorado

Posts:4,874
Points:1,110,160
Joined:Mar 2012
Message Posted: Nov 23, 2012 10:04:00 AM

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

Posts:7,100
Points:1,516,375
Joined:Feb 2006
Message Posted: Nov 23, 2012 9:21:48 AM

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

Posts:3,893
Points:981,445
Joined:Mar 2012
Message Posted: Nov 23, 2012 9:15:07 AM

Oil futures? Oil has no future.
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.
csblesson
Champion Author Texas

Posts:3,720
Points:1,061,195
Joined:May 2012
Message Posted: Nov 23, 2012 8:57:23 AM

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

Posts:6,013
Points:1,778,790
Joined:May 2010
Message Posted: Nov 23, 2012 8:54:15 AM

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

Posts:576
Points:1,162,945
Joined:Nov 2011
Message Posted: Nov 23, 2012 8:49:04 AM

Good!
fora_7
Champion Author Montreal

Posts:4,113
Points:982,150
Joined:Sep 2012
Message Posted: Nov 23, 2012 8:34:10 AM

Good thing
derKraut
Champion Author Ontario

Posts:2,311
Points:1,852,395
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???
hokieburgh
Champion Author Virginia

Posts:1,869
Points:1,138,295
Joined:Feb 2007
Message Posted: Nov 23, 2012 8:22:30 AM

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

Posts:7,165
Points:1,302,950
Joined:Feb 2010
Message Posted: Nov 23, 2012 8:21:33 AM

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

Posts:5,090
Points:1,237,135
Joined:Jun 2011
Message Posted: Nov 23, 2012 8:08:24 AM

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

Posts:551
Points:1,358,285
Joined:Nov 2009
Message Posted: Nov 23, 2012 8:00:11 AM

All just speculation.
el_fr
Champion Author Massachusetts

Posts:6,571
Points:1,519,930
Joined:Apr 2011
Message Posted: Nov 23, 2012 7:58:01 AM

Good to hear
Rockyguitar
Champion Author Tampa

Posts:5,643
Points:1,955,465
Joined:Sep 2008
Message Posted: Nov 23, 2012 7:57:37 AM

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

Posts:4,196
Points:1,564,080
Joined:Apr 2010
Message Posted: Nov 23, 2012 7:56:19 AM

Speculators will be on the hunt.
dandvicb
Champion Author Bridgeport

Posts:3,314
Points:1,774,540
Joined:Jul 2004
Message Posted: Nov 23, 2012 7:55:21 AM

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

Posts:9,267
Points:1,592,680
Joined:Jan 2011
Message Posted: Nov 23, 2012 7:54:54 AM

doeslayersr, absolutely right.
Evilmaddog
Champion Author British Columbia

Posts:6,546
Points:1,730,295
Joined:Aug 2010
Message Posted: Nov 23, 2012 7:54:28 AM

any excuse will do
7SPEEDY7
Champion Author Flint

Posts:4,133
Points:1,361,045
Joined:May 2011
Message Posted: Nov 23, 2012 7:52:17 AM

Not at the pump!
beale055
Champion Author Philadelphia

Posts:1,292
Points:534,525
Joined:Jan 2012
Message Posted: Nov 23, 2012 7:50:00 AM

Stop The Presses!!!
kyjlh
Champion Author Kentucky

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

Ok
wrunner
Champion Author Virginia

Posts:7,767
Points:1,911,375
Joined:Dec 2009
Message Posted: Nov 23, 2012 7:40:51 AM

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

Posts:13,074
Points:1,647,580
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.
jl1rp
Champion Author New Hampshire

Posts:5,281
Points:1,125,655
Joined:May 2012
Message Posted: Nov 23, 2012 7:36:58 AM

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

Posts:1,691
Points:357,110
Joined:May 2012
Message Posted: Nov 23, 2012 7:35:47 AM

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

Posts:2,665
Points:2,047,595
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
humblepie
Champion Author Toledo

Posts:63,752
Points:3,149,920
Joined:Mar 2006
Message Posted: Nov 23, 2012 7:23:12 AM

temporary peace at best
Straitliner
Champion Author Illinois

Posts:4,820
Points:1,007,130
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.
coughlin
Champion Author San Jose

Posts:6,929
Points:1,522,915
Joined:Sep 2009
Message Posted: Nov 23, 2012 7:21:24 AM

A PEACE Dividend.
Bugger2008
Rookie Author Albany

Posts:46
Points:1,782,395
Joined:Oct 2008
Message Posted: Nov 23, 2012 7:21:18 AM

ok
Post a reply Back to Topics