Not Logged In Log In   Sign Up   Points Leaders
Follow Us    3:30 PM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Brent Rises Above $110 on China Growth Hopes Back to Topics
WxVette

Rookie Author
Omaha

Posts:67
Points:1,451,590
Joined:Jul 2007
Message Posted: Dec 5, 2012 7:49:19 AM

Brent crude edged above $110 a barrel on Wednesday, after two sessions of losses, as investors switched their focus from the United States fiscal crisis to hopes that growth in top energy consumer China to pick up sooner than expected.

China will make policies more targeted and effective in 2013 to help the economy recover, state television quoted Chinese Communist Party chief Xi Jinping as saying on Tuesday, driving the region's stocks and commodity prices higher.

Gains were however limited by worries that any delay in an agreement to avert a fiscal crisis in the United States may push the world's top oil consumer into deep recession, darkening the outlook for world oil demand, given the debt crisis in Europe.

"The market is currently trading in a right range, conflicted betwee
Visit REUTERS for full article
REPLIES (newest first) Post a Reply
Profile Pic
iFueler
Champion Author Durham

Posts:76,018
Points:913,475
Joined:Nov 2012
Message Posted: Dec 6, 2012 1:54:17 AM

global market driving
Profile Pic
PDQBlues
Champion Author San Diego

Posts:10,143
Points:2,183,050
Joined:Jan 2009
Message Posted: Dec 5, 2012 11:18:15 PM


And so the US continues to over pay for oil while the rest of the world pays less than $90 per barrel.
Profile Pic
Nicoalbum
Champion Author Ottawa

Posts:9,658
Points:1,924,480
Joined:Jan 2010
Message Posted: Dec 5, 2012 7:23:13 PM

Chine is on a steep rise, where's the problem?
Profile Pic
bwatchingu
Champion Author Arkansas

Posts:4,784
Points:1,338,350
Joined:Jan 2009
Message Posted: Dec 5, 2012 6:04:48 PM

Just hmmmm.Whatever
Profile Pic
doctorindyj
Champion Author Santa Fe

Posts:5,189
Points:1,515,350
Joined:Nov 2009
Message Posted: Dec 5, 2012 11:17:24 AM

It's up it's down, one place says this and another says that. Whatever, let me know when you can keep your lies straight.
Profile Pic
humblepie
Champion Author Toledo

Posts:62,280
Points:3,111,445
Joined:Mar 2006
Message Posted: Dec 5, 2012 10:18:44 AM

if george soro's wasnt speculating in oil and gold
do you think we might get a new edict from 1600 pennsylvania ave ?
Profile Pic
hornet17
Champion Author Vancouver

Posts:1,323
Points:440,865
Joined:Aug 2011
Message Posted: Dec 5, 2012 10:14:29 AM

unfortunately speculators in oil and other commodities are only in it for themselves. Greed rules the western world
Profile Pic
ToolinIt
Champion Author Colorado

Posts:1,846
Points:1,565,155
Joined:May 2010
Message Posted: Dec 5, 2012 9:09:09 AM

Amazing how the speculators can manipulate the global economy! A laborer could hope that their salary would increase and it doesn't.
Profile Pic
fjkcpa
Champion Author Houston

Posts:9,143
Points:1,338,495
Joined:Nov 2005
Message Posted: Dec 5, 2012 8:58:50 AM

Trust no one!
Profile Pic
cdrrod
Champion Author Wisconsin

Posts:6,950
Points:1,479,245
Joined:Feb 2006
Message Posted: Dec 5, 2012 8:48:59 AM

Now there's two players: speculators and the Chinese!
Profile Pic
amoshins
Champion Author Trenton

Posts:4,194
Points:1,298,295
Joined:Apr 2011
Message Posted: Dec 5, 2012 8:37:18 AM

Do you really trust the Communist Party Chief?
Profile Pic
scu227
Champion Author New Haven

Posts:8,342
Points:1,509,780
Joined:Feb 2011
Message Posted: Dec 5, 2012 8:36:41 AM

SPECULATORS trying to drive up the prices !!!!!!
Profile Pic
drpepperTX
Champion Author Texas

Posts:14,115
Points:1,485,635
Joined:Apr 2011
Message Posted: Dec 5, 2012 8:31:39 AM

BRENT CRUDE FUTR (USD/BBL.) 110.37 +0.53
(0.48%) 08:30
Profile Pic
skempton
Champion Author Vermont

Posts:4,046
Points:1,526,930
Joined:Apr 2010
Message Posted: Dec 5, 2012 8:24:42 AM

More speculator's speculating again.
Profile Pic
Hawg1408
All-Star Author Alberta

Posts:758
Points:1,127,375
Joined:May 2010
Message Posted: Dec 5, 2012 8:16:08 AM

Never based on demand, just speculation to line someone's undeserving pocket!!
Profile Pic
AVKZ
Champion Author Kalamazoo

Posts:1,963
Points:936,865
Joined:Apr 2012
Message Posted: Dec 5, 2012 8:12:13 AM

And with any slight tick up, the Speedways raise their prices substantially.
Profile Pic
amerk73
Champion Author Dallas

Posts:10,089
Points:2,358,870
Joined:Oct 2008
Message Posted: Dec 5, 2012 7:52:29 AM

Brent Crude Oil now at
$109.84
Profile Pic
1momsunshine
Champion Author Ottawa

Posts:8,396
Points:1,697,005
Joined:Mar 2010
Message Posted: Dec 5, 2012 7:51:36 AM

hmm
Post a reply Back to Topics