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Author Topic: Brent Rises Above $110 on China Growth Hopes Back to Topics
WxVette
Rookie Author
Omaha

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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
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REPLIES (newest first) Post a Reply
iFueler
Champion Author Durham

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Joined:Nov 2012
Message Posted: Dec 6, 2012 1:54:17 AM

global market driving
PDQBlues
Champion Author San Diego

Posts:10,318
Points:2,226,425
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.
Nicoalbum
Champion Author Ottawa

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Message Posted: Dec 5, 2012 7:23:13 PM

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

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Message Posted: Dec 5, 2012 6:04:48 PM

Just hmmmm.Whatever
doctorindyj
Champion Author Santa Fe

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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.
humblepie
Champion Author Toledo

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Points:3,156,045
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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 ?
hornet17
Champion Author Vancouver

Posts:1,323
Points:440,865
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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
ToolinIt
Champion Author Colorado

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Points:1,605,030
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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.
fjkcpa
Champion Author Houston

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Message Posted: Dec 5, 2012 8:58:50 AM

Trust no one!
cdrrod
Champion Author Wisconsin

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Message Posted: Dec 5, 2012 8:48:59 AM

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

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Message Posted: Dec 5, 2012 8:37:18 AM

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

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Message Posted: Dec 5, 2012 8:36:41 AM

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

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Points:1,530,070
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Message Posted: Dec 5, 2012 8:31:39 AM

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

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Message Posted: Dec 5, 2012 8:24:42 AM

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

Posts:869
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Joined:May 2010
Message Posted: Dec 5, 2012 8:16:08 AM

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

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Message Posted: Dec 5, 2012 8:12:13 AM

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

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Message Posted: Dec 5, 2012 7:52:29 AM

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

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Message Posted: Dec 5, 2012 7:51:36 AM

hmm
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