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

brbaritone Champion Author Virginia Posts:2,071 Points:1,699,870 Joined:Jan 2007	Message Posted: Nov 23, 2012 7:15:24 AM Ignore brbaritone Report Abuse 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

brbaritone

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

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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

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Jeff4U Champion Author Atlanta Posts:8,772 Points:1,855,295 Joined:Nov 2004	Message Posted: Nov 25, 2012 12:03:16 PM Ignore Jeff4U Report Abuse Temporary, as usual.
52MPG Champion Author Dayton Posts:7,277 Points:1,744,630 Joined:Apr 2006	Message Posted: Nov 25, 2012 3:14:13 AM Ignore 52MPG Report Abuse Will it lower gas prices?
esq262 Champion Author Asheville Posts:2,917 Points:650,665 Joined:Jul 2011	Message Posted: Nov 23, 2012 10:13:59 PM Ignore esq262 Report Abuse Good.
Mariuxus Champion Author Chicago Posts:3,771 Points:1,873,910 Joined:May 2007	Message Posted: Nov 23, 2012 9:10:25 PM Ignore Mariuxus Report Abuse ok..
amerk73 Champion Author Dallas Posts:7,060 Points:1,623,905 Joined:Oct 2008	Message Posted: Nov 23, 2012 6:38:30 PM Ignore amerk73 Report Abuse gas price want up
ObieDog Champion Author Maryland Posts:1,976 Points:854,595 Joined:Sep 2010	Message Posted: Nov 23, 2012 4:20:37 PM Ignore ObieDog Report Abuse Don't expect either to last.
TripleHs Champion Author Austin Posts:3,355 Points:919,590 Joined:Oct 2009	Message Posted: Nov 23, 2012 3:37:45 PM Ignore TripleHs Report Abuse way too high
Taxrefugee Champion Author Arizona Posts:1,417 Points:389,170 Joined:Jan 2012	Message Posted: Nov 23, 2012 2:29:17 PM Ignore Taxrefugee Report Abuse Good news and less uncertainty always helps.
ToolinIt Champion Author Colorado Posts:1,803 Points:889,820 Joined:May 2010	Message Posted: Nov 23, 2012 2:19:40 PM Ignore ToolinIt Report Abuse 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:4,398 Points:846,090 Joined:Dec 2010	Message Posted: Nov 23, 2012 1:32:50 PM Ignore tnfran Report Abuse A very fragile one at that.
Night Owl Champion Author Toronto Posts:7,570 Points:1,790,500 Joined:Jul 2004	Message Posted: Nov 23, 2012 1:03:31 PM Ignore Night Owl Report Abuse Yes, keep falling.
1momsunshine Champion Author Ottawa Posts:5,505 Points:1,003,505 Joined:Mar 2010	Message Posted: Nov 23, 2012 12:56:12 PM Ignore 1momsunshine Report Abuse Keep dropping!
playtimeCLE Champion Author Cleveland Posts:8,575 Points:1,547,300 Joined:Nov 2008	Message Posted: Nov 23, 2012 12:33:48 PM Ignore playtimeCLE Report Abuse It wont last for ever...
Seamus4513 Champion Author Orange County Posts:2,598 Points:389,505 Joined:Mar 2012	Message Posted: Nov 23, 2012 12:05:12 PM Ignore Seamus4513 Report Abuse Inherently unstable
Ticoman54 Champion Author Miami Posts:7,051 Points:1,494,495 Joined:Oct 2008	Message Posted: Nov 23, 2012 11:44:31 AM Ignore Ticoman54 Report Abuse 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 Ignore uglytom Report Abuse Until some nut case elsewhere decides to start their own PERSONAL war.
BUSMAN1105 Champion Author Atlanta Posts:2,167 Points:1,172,870 Joined:Aug 2008	Message Posted: Nov 23, 2012 10:55:47 AM Ignore BUSMAN1105 Report Abuse THAT'S GREAT NEW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Hawg1408 Veteran Author Alberta Posts:447 Points:643,790 Joined:May 2010	Message Posted: Nov 23, 2012 10:42:44 AM Ignore Hawg1408 Report Abuse excellent
Lugi1967 Champion Author Ohio Posts:4,803 Points:1,005,170 Joined:Jun 2010	Message Posted: Nov 23, 2012 10:30:35 AM Ignore Lugi1967 Report Abuse Good sign
humblepie Champion Author Toledo Posts:34,325 Points:2,374,295 Joined:Mar 2006	Message Posted: Nov 23, 2012 10:16:46 AM Ignore humblepie Report Abuse doesnt seem to matter at the pump
merlinCO Champion Author Colorado Posts:1,655 Points:344,320 Joined:Mar 2012	Message Posted: Nov 23, 2012 10:04:00 AM Ignore merlinCO Report Abuse Supply and demand....get the speculators out of the market!
cdrrod Champion Author Wisconsin Posts:4,169 Points:786,700 Joined:Feb 2006	Message Posted: Nov 23, 2012 9:21:48 AM Ignore cdrrod Report Abuse What goes up inevitably comes down...
Sapper08 Champion Author Indianapolis Posts:1,079 Points:323,225 Joined:Mar 2012	Message Posted: Nov 23, 2012 9:15:07 AM Ignore Sapper08 Report Abuse Oil futures? Oil has no future.
OTISFL Champion Author Pensacola Posts:4,620 Points:867,765 Joined:Apr 2009	Message Posted: Nov 23, 2012 9:13:27 AM Ignore OTISFL Report Abuse Another excuse.
csblesson Champion Author Texas Posts:1,826 Points:355,825 Joined:May 2012	Message Posted: Nov 23, 2012 8:57:23 AM Ignore csblesson Report Abuse Ridiculous, use any excuse to rig the prices
ClarkSC Champion Author South Carolina Posts:3,093 Points:1,014,330 Joined:May 2010	Message Posted: Nov 23, 2012 8:54:15 AM Ignore ClarkSC Report Abuse Cease fire won't hold.
REBELFAN39 Veteran Author Jackson Posts:357 Points:451,515 Joined:Nov 2011	Message Posted: Nov 23, 2012 8:49:04 AM Ignore REBELFAN39 Report Abuse Good!
fora_7 All-Star Author Montreal Posts:872 Points:208,455 Joined:Sep 2012	Message Posted: Nov 23, 2012 8:34:10 AM Ignore fora_7 Report Abuse Good thing
derKraut Champion Author Ontario Posts:2,098 Points:1,230,060 Joined:Dec 2008	Message Posted: Nov 23, 2012 8:31:24 AM Ignore derKraut Report Abuse 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:1,127 Points:467,325 Joined:Feb 2007	Message Posted: Nov 23, 2012 8:22:30 AM Ignore hokieburgh Report Abuse hope it holds....for them and us.......
Yooperheart Champion Author Michigan Posts:3,435 Points:529,950 Joined:Feb 2010	Message Posted: Nov 23, 2012 8:21:33 AM Ignore Yooperheart Report Abuse Holding my breath now. Call the meat wagon.
werich44 Champion Author California Posts:1,872 Points:471,130 Joined:Jun 2011	Message Posted: Nov 23, 2012 8:08:24 AM Ignore werich44 Report Abuse The only certain things are death, taxes and oil will go up.
SSwathwood All-Star Author Denver Posts:549 Points:779,945 Joined:Nov 2009	Message Posted: Nov 23, 2012 8:00:11 AM Ignore SSwathwood Report Abuse All just speculation.
el_fr Champion Author Massachusetts Posts:3,352 Points:747,625 Joined:Apr 2011	Message Posted: Nov 23, 2012 7:58:01 AM Ignore el_fr Report Abuse Good to hear
Rockyguitar Champion Author Tampa Posts:2,577 Points:1,205,495 Joined:Sep 2008	Message Posted: Nov 23, 2012 7:57:37 AM Ignore Rockyguitar Report Abuse How long will this last? ....hint>measure it in hours.
skempton Champion Author Vermont Posts:1,154 Points:841,110 Joined:Apr 2010	Message Posted: Nov 23, 2012 7:56:19 AM Ignore skempton Report Abuse Speculators will be on the hunt.
dandvicb Champion Author Bridgeport Posts:1,243 Points:1,079,655 Joined:Jul 2004	Message Posted: Nov 23, 2012 7:55:21 AM Ignore dandvicb Report Abuse Sucks to be a SPECULATOR!!
rbrk02 Champion Author Rhode Island Posts:5,758 Points:820,155 Joined:Jan 2011	Message Posted: Nov 23, 2012 7:54:54 AM Ignore rbrk02 Report Abuse doeslayersr, absolutely right.
Evilmaddog Champion Author British Columbia Posts:3,337 Points:960,475 Joined:Aug 2010	Message Posted: Nov 23, 2012 7:54:28 AM Ignore Evilmaddog Report Abuse any excuse will do
7SPEEDY7 Champion Author Flint Posts:1,301 Points:608,375 Joined:May 2011	Message Posted: Nov 23, 2012 7:52:17 AM Ignore 7SPEEDY7 Report Abuse Not at the pump!
beale055 Champion Author Philadelphia Posts:1,292 Points:428,475 Joined:Jan 2012	Message Posted: Nov 23, 2012 7:50:00 AM Ignore beale055 Report Abuse Stop The Presses!!!
kyjlh Champion Author Kentucky Posts:1,628 Points:655,205 Joined:Feb 2005	Message Posted: Nov 23, 2012 7:41:41 AM Ignore kyjlh Report Abuse Ok
wrunner Champion Author Virginia Posts:4,460 Points:1,139,510 Joined:Dec 2009	Message Posted: Nov 23, 2012 7:40:51 AM Ignore wrunner Report Abuse And holding, holding, holding....
doeslayersr Champion Author Illinois Posts:9,133 Points:874,930 Joined:Dec 2010	Message Posted: Nov 23, 2012 7:37:36 AM Ignore doeslayersr Report Abuse A joke. A real drop would be a slide of approx $30 a barrel downward.
jl1rp Champion Author New Hampshire Posts:1,832 Points:360,355 Joined:May 2012	Message Posted: Nov 23, 2012 7:36:58 AM Ignore jl1rp Report Abuse Just hope it last a long time.
sabre75 Champion Author Florida Posts:1,663 Points:340,395 Joined:May 2012	Message Posted: Nov 23, 2012 7:35:47 AM Ignore sabre75 Report Abuse Could not tell by our gas prices. Still going up.
Ouch06 Champion Author Michigan Posts:1,618 Points:1,434,080 Joined:Apr 2006	Message Posted: Nov 23, 2012 7:24:06 AM Ignore Ouch06 Report Abuse Too bad the gas prices do not reflect this. Still at 3.63
humblepie Champion Author Toledo Posts:34,325 Points:2,374,295 Joined:Mar 2006	Message Posted: Nov 23, 2012 7:23:12 AM Ignore humblepie Report Abuse temporary peace at best
Straitliner Champion Author Illinois Posts:1,520 Points:240,450 Joined:Sep 2012	Message Posted: Nov 23, 2012 7:22:49 AM Ignore Straitliner Report Abuse 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:5,195 Points:1,120,565 Joined:Sep 2009	Message Posted: Nov 23, 2012 7:21:24 AM Ignore coughlin Report Abuse A PEACE Dividend.