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Author	Topic: Brent Rises Above $110 on China Growth Hopes	Post a Reply Back to Topics

WxVette Rookie Author Omaha Posts:32 Points:1,010,565 Joined:Jul 2007	Message Posted: Dec 5, 2012 7:49:19 AM Ignore WxVette Report Abuse 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

WxVette

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Message Posted: Dec 5, 2012 7:49:19 AM

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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)Ignore Short Messages

iFueler Champion Author Durham Posts:64,308 Points:175,500 Joined:Nov 2012	Message Posted: Dec 6, 2012 1:54:17 AM Ignore iFueler Report Abuse global market driving
PDQBlues Champion Author San Diego Posts:7,054 Points:1,444,325 Joined:Jan 2009	Message Posted: Dec 5, 2012 11:18:15 PM Ignore PDQBlues Report Abuse And so the US continues to over pay for oil while the rest of the world pays less than $90 per barrel.
Nicoalbum Champion Author Ottawa Posts:6,002 Points:1,185,890 Joined:Jan 2010	Message Posted: Dec 5, 2012 7:23:13 PM Ignore Nicoalbum Report Abuse Chine is on a steep rise, where's the problem?
bwatchingu Champion Author Arkansas Posts:1,735 Points:598,795 Joined:Jan 2009	Message Posted: Dec 5, 2012 6:04:48 PM Ignore bwatchingu Report Abuse Just hmmmm.Whatever
doctorindyj Champion Author Santa Fe Posts:3,438 Points:836,785 Joined:Nov 2009	Message Posted: Dec 5, 2012 11:17:24 AM Ignore doctorindyj Report Abuse 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.
humblepie Champion Author Toledo Posts:34,093 Points:2,368,445 Joined:Mar 2006	Message Posted: Dec 5, 2012 10:18:44 AM Ignore humblepie Report Abuse if george soro's wasnt speculating in oil and gold do you think we might get a new edict from 1600 pennsylvania ave ?
hornet17 Champion Author Vancouver Posts:1,323 Points:440,865 Joined:Aug 2011	Message Posted: Dec 5, 2012 10:14:29 AM Ignore hornet17 Report Abuse unfortunately speculators in oil and other commodities are only in it for themselves. Greed rules the western world
ToolinIt Champion Author Colorado Posts:1,803 Points:884,570 Joined:May 2010	Message Posted: Dec 5, 2012 9:09:09 AM Ignore ToolinIt Report Abuse Amazing how the speculators can manipulate the global economy! A laborer could hope that their salary would increase and it doesn't.
fjkcpa Champion Author Houston Posts:4,484 Points:599,285 Joined:Nov 2005	Message Posted: Dec 5, 2012 8:58:50 AM Ignore fjkcpa Report Abuse Trust no one!
cdrrod Champion Author Wisconsin Posts:4,139 Points:780,850 Joined:Feb 2006	Message Posted: Dec 5, 2012 8:48:59 AM Ignore cdrrod Report Abuse Now there's two players: speculators and the Chinese!
amoshins Champion Author Trenton Posts:2,185 Points:638,845 Joined:Apr 2011	Message Posted: Dec 5, 2012 8:37:18 AM Ignore amoshins Report Abuse Do you really trust the Communist Party Chief?
scu227 Champion Author New Haven Posts:4,135 Points:768,955 Joined:Feb 2011	Message Posted: Dec 5, 2012 8:36:41 AM Ignore scu227 Report Abuse SPECULATORS trying to drive up the prices !!!!!!
drpepperTX Champion Author Texas Posts:8,929 Points:749,935 Joined:Apr 2011	Message Posted: Dec 5, 2012 8:31:39 AM Ignore drpepperTX Report Abuse BRENT CRUDE FUTR (USD/BBL.) 110.37 +0.53 (0.48%) 08:30
skempton Champion Author Vermont Posts:1,129 Points:836,235 Joined:Apr 2010	Message Posted: Dec 5, 2012 8:24:42 AM Ignore skempton Report Abuse More speculator's speculating again.
Hawg1408 Veteran Author Alberta Posts:442 Points:638,340 Joined:May 2010	Message Posted: Dec 5, 2012 8:16:08 AM Ignore Hawg1408 Report Abuse Never based on demand, just speculation to line someone's undeserving pocket!!
AVKZ All-Star Author Kalamazoo Posts:831 Points:291,000 Joined:Apr 2012	Message Posted: Dec 5, 2012 8:12:13 AM Ignore AVKZ Report Abuse And with any slight tick up, the Speedways raise their prices substantially.
amerk73 Champion Author Dallas Posts:7,030 Points:1,618,055 Joined:Oct 2008	Message Posted: Dec 5, 2012 7:52:29 AM Ignore amerk73 Report Abuse Brent Crude Oil now at $109.84
1momsunshine Champion Author Ottawa Posts:5,475 Points:997,555 Joined:Mar 2010	Message Posted: Dec 5, 2012 7:51:36 AM Ignore 1momsunshine Report Abuse hmm