Not Logged In Log In   Sign Up   Points Leaders
Follow Us    2:24 AM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil Slips Towards $110 on Economic, Budget Worries Back to Topics
WxVette

Rookie Author
Omaha

Posts:61
Points:1,363,045
Joined:Jul 2007
Message Posted: Dec 4, 2012 8:02:39 AM

Brent crude oil slipped towards $110 a barrel on Tuesday as weak manufacturing data and protracted U.S. budget negotiations fanned concerns about the health of the global economy and the prospects for energy demand.

But simmering tensions in the Middle East including a fragile ceasefire between Israel and Gaza and worsening unrest in Syria helped support prices.

Brent futures slipped 20 cents to $110.72 per barrel. On Monday Brent broke through a key resistance level to close below its 200-day moving average of above $111.

U.S. crude slipped 15 cents to $88.94 per barrel.

Other markets including shares, base metals and gold also slipped.

"Almost everything is in the red," said Carsten Fritsch, senior oil analyst at Commerzbank in Frankfurt. " This is related to factors such
Visit REUTERS for full article
REPLIES (newest first) Post a Reply
Profile Pic
qwerty17
Champion Author New Jersey

Posts:5,651
Points:1,647,890
Joined:Oct 2009
Message Posted: Dec 5, 2012 3:32:26 PM

slip baby slip.
Profile Pic
jrs4125
Champion Author Indiana

Posts:4,776
Points:1,137,575
Joined:Sep 2011
Message Posted: Dec 5, 2012 11:34:34 AM

Pump prices went up, no slipping here.
Profile Pic
iFueler
Champion Author Durham

Posts:74,678
Points:732,100
Joined:Nov 2012
Message Posted: Dec 5, 2012 1:07:40 AM

article recounts the market
Profile Pic
PDQBlues
Champion Author San Diego

Posts:9,498
Points:2,001,225
Joined:Jan 2009
Message Posted: Dec 5, 2012 12:25:29 AM


While the rest of the world buys oil below $90/barrel, the US buys this Brent oil at $110. So much for the 'free market' economy people fantasize about.
Profile Pic
bwatchingu
Champion Author Arkansas

Posts:4,142
Points:1,157,750
Joined:Jan 2009
Message Posted: Dec 4, 2012 5:41:38 PM

This article is a bunch of words that says very little.The expert that wrote this article must be a politician.
Profile Pic
doctorindyj
Champion Author Santa Fe

Posts:4,874
Points:1,349,335
Joined:Nov 2009
Message Posted: Dec 4, 2012 11:11:16 AM

20 cents is not a slip it's a nudge at best.
Profile Pic
johton
Champion Author Seattle

Posts:3,655
Points:868,850
Joined:Jun 2012
Message Posted: Dec 4, 2012 10:39:22 AM

How high will it get once we go over the fiscal cliff? $150?
Profile Pic
Night Owl
Champion Author Toronto

Posts:9,905
Points:2,338,425
Joined:Jul 2004
Message Posted: Dec 4, 2012 10:27:52 AM

Greedy oil speculators are still dictating what oil prices should be. And oil prices are still ridiculously high.
Profile Pic
scu227
Champion Author New Haven

Posts:6,847
Points:1,327,955
Joined:Feb 2011
Message Posted: Dec 4, 2012 10:24:21 AM

Needs to come down a lot more !!!!
Profile Pic
brbaritone
Champion Author Virginia

Posts:3,488
Points:2,225,740
Joined:Jan 2007
Message Posted: Dec 4, 2012 10:09:20 AM

It's still way too high. Please wake me when Bent drops below $80.
Profile Pic
Pozole
Champion Author Portland

Posts:15,721
Points:2,151,570
Joined:Mar 2005
Message Posted: Dec 4, 2012 10:08:18 AM

..."Oil Slips"...speculator only woes...
Profile Pic
Jeff4U
Champion Author Atlanta

Posts:11,272
Points:2,408,110
Joined:Nov 2004
Message Posted: Dec 4, 2012 10:04:15 AM

The usual up and down - nothing new.
Profile Pic
werich44
Champion Author California

Posts:4,320
Points:1,025,405
Joined:Jun 2011
Message Posted: Dec 4, 2012 9:33:47 AM

Same old thing, nothing ever changes.
Profile Pic
deputydog082
Champion Author Detroit

Posts:3,668
Points:1,149,595
Joined:Apr 2011
Message Posted: Dec 4, 2012 9:25:51 AM

when will gas prices drop? that will help the economy to recover!
Profile Pic
BUSMAN1105
Champion Author Atlanta

Posts:3,736
Points:1,680,230
Joined:Aug 2008
Message Posted: Dec 4, 2012 9:23:41 AM

IT NEEDS TO DROP MORE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Profile Pic
humblepie
Champion Author Toledo

Posts:55,979
Points:2,931,765
Joined:Mar 2006
Message Posted: Dec 4, 2012 9:20:08 AM

when it gets ugly oil soars
Profile Pic
peabeax55
All-Star Author Atlanta

Posts:855
Points:296,065
Joined:Mar 2012
Message Posted: Dec 4, 2012 9:02:31 AM

Crude has already bottomed (around 11/8/2012) and is already on a new leg up.
Pressure is up for whatever reason they want to dream up.
Profile Pic
teenitup
Champion Author Houston

Posts:4,547
Points:779,510
Joined:Sep 2012
Message Posted: Dec 4, 2012 9:00:05 AM

Watching the day to day changes in oil prices is as worthless as checking your retirement fund stocks everyday.
Profile Pic
TripleHs
Champion Author Austin

Posts:3,868
Points:1,051,020
Joined:Oct 2009
Message Posted: Dec 4, 2012 8:57:19 AM

way way too high than it should have been
Profile Pic
merlinCO
Champion Author Colorado

Posts:4,066
Points:891,185
Joined:Mar 2012
Message Posted: Dec 4, 2012 8:53:43 AM

What will the price do when they sign a new budget??
Profile Pic
doeslayersr
Champion Author Illinois

Posts:12,100
Points:1,428,605
Joined:Dec 2010
Message Posted: Dec 4, 2012 8:45:54 AM

15 cents is not slippage. Now $30 a barrel would be slippage.
Profile Pic
skempton
Champion Author Vermont

Posts:3,463
Points:1,364,145
Joined:Apr 2010
Message Posted: Dec 4, 2012 8:39:01 AM

What was expected when oil price is governed by speculators?
Profile Pic
sabre75
Champion Author Florida

Posts:1,691
Points:353,035
Joined:May 2012
Message Posted: Dec 4, 2012 8:38:36 AM

Interesting.
Profile Pic
Hawg1408
All-Star Author Alberta

Posts:758
Points:1,002,150
Joined:May 2010
Message Posted: Dec 4, 2012 8:32:17 AM

Oh, well another day on the oil market
Profile Pic
Zuegma
Champion Author Nova Scotia

Posts:3,386
Points:805,165
Joined:Aug 2012
Message Posted: Dec 4, 2012 8:22:56 AM

The variety of uncertanties certainly doesn't make a simple financial recovery for many countries.
Profile Pic
lcleveland
Champion Author San Antonio

Posts:3,763
Points:1,134,180
Joined:May 2011
Message Posted: Dec 4, 2012 8:18:34 AM

need prices to go down more
Profile Pic
amoshins
Champion Author Trenton

Posts:3,814
Points:1,135,120
Joined:Apr 2011
Message Posted: Dec 4, 2012 8:13:41 AM

oh these worries
Profile Pic
Evilmaddog
Champion Author British Columbia

Posts:5,766
Points:1,512,170
Joined:Aug 2010
Message Posted: Dec 4, 2012 8:06:03 AM

prices are too high for conditions
Profile Pic
Yooperheart
Champion Author Michigan

Posts:6,310
Points:1,083,975
Joined:Feb 2010
Message Posted: Dec 4, 2012 8:03:41 AM

Last quarter dump job.
Post a reply Back to Topics