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Author	Topic: Oil Rebounds From One-Month Low on Germany Confidence	Post a Reply Back to Topics

WxVette Rookie Author Omaha Posts:34 Points:1,015,080 Joined:Jul 2007	Message Posted: Dec 11, 2012 8:04:31 AM Ignore WxVette Report Abuse Oil rebounded from the lowest close in almost a month in New York as German investor confidence jumped in December on speculation Europe’s largest economy will gather momentum next year. Futures rose as much as 0.6 percent after falling for a fifth day yesterday, the longest losing streak since October. The ZEW Center for European Economic Research said its index of investor and analyst expectations climbed to 6.9 from minus 15.7 in November. U.S. crude inventories declined 2.5 million barrels last week, according to a Bloomberg News survey. Industrial output in China rose faster than economists estimated, official data showed Dec. 9. “Oil demand in China is in better shape than it seemed before,” Carsten Fritsch, an analyst at Commerzbank AG in Frankfurt, said by phone. “U.S. crud Visit Bloomberg for full article

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Message Posted: Dec 11, 2012 8:04:31 AM

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Oil rebounded from the lowest close in almost a month in New York as German investor confidence jumped in December on speculation Europe’s largest economy will gather momentum next year.

Futures rose as much as 0.6 percent after falling for a fifth day yesterday, the longest losing streak since October. The ZEW Center for European Economic Research said its index of investor and analyst expectations climbed to 6.9 from minus 15.7 in November. U.S. crude inventories declined 2.5 million barrels last week, according to a Bloomberg News survey. Industrial output in China rose faster than economists estimated, official data showed Dec. 9.

“Oil demand in China is in better shape than it seemed before,” Carsten Fritsch, an analyst at Commerzbank AG in Frankfurt, said by phone. “U.S. crud
Visit Bloomberg for full article

REPLIES (newest first)Ignore Short Messages

Lugi1967 Champion Author Ohio Posts:4,803 Points:1,005,170 Joined:Jun 2010	Message Posted: Dec 11, 2012 7:08:40 PM Ignore Lugi1967 Report Abuse Amazing what makes oil flow
Tekkersmom57 Champion Author Syracuse Posts:1,894 Points:704,115 Joined:May 2010	Message Posted: Dec 11, 2012 12:35:57 PM Ignore Tekkersmom57 Report Abuse Bloomberg could only hope and wish that oil would jump up. At this writing oil is back to $85.73, only 17 cents higher than yesterday. Speculators set the stage for a massive buy out so that oil prices will rise. Haha this time is all I have to say!
VomVom Champion Author Calgary Posts:3,857 Points:1,627,080 Joined:May 2007	Message Posted: Dec 11, 2012 11:26:53 AM Ignore VomVom Report Abuse Not so fast. Germany may well be dragged down by Greece, Italy, Portugal and Spain. Germany alone will not be able to bail out all of them over spenders. But speculators will find any excuse to increase oil price.
TripleHs Champion Author Austin Posts:3,355 Points:919,590 Joined:Oct 2009	Message Posted: Dec 11, 2012 10:49:14 AM Ignore TripleHs Report Abuse speculations
Night Owl Champion Author Toronto Posts:7,570 Points:1,790,500 Joined:Jul 2004	Message Posted: Dec 11, 2012 10:45:27 AM Ignore Night Owl Report Abuse Greedy oil speculators.
carolfitz4438 Veteran Author New York Posts:252 Points:187,765 Joined:May 2011	Message Posted: Dec 11, 2012 10:29:55 AM Ignore carolfitz4438 Report Abuse ok
hornet17 Champion Author Vancouver Posts:1,323 Points:440,865 Joined:Aug 2011	Message Posted: Dec 11, 2012 10:24:07 AM Ignore hornet17 Report Abuse yo-yo
bruin19MD Champion Author Maryland Posts:1,069 Points:166,300 Joined:Feb 2011	Message Posted: Dec 11, 2012 10:06:24 AM Ignore bruin19MD Report Abuse Interesting article
OTISFL Champion Author Pensacola Posts:4,625 Points:868,740 Joined:Apr 2009	Message Posted: Dec 11, 2012 10:02:57 AM Ignore OTISFL Report Abuse Up & Down!
fora_7 All-Star Author Montreal Posts:872 Points:208,455 Joined:Sep 2012	Message Posted: Dec 11, 2012 9:47:57 AM Ignore fora_7 Report Abuse Yo-yo keeps on going
csblesson Champion Author Texas Posts:1,826 Points:355,825 Joined:May 2012	Message Posted: Dec 11, 2012 9:47:21 AM Ignore csblesson Report Abuse Well...if something happens in Germany, we will have to pay more ....
7SPEEDY7 Champion Author Flint Posts:1,301 Points:608,375 Joined:May 2011	Message Posted: Dec 11, 2012 9:44:43 AM Ignore 7SPEEDY7 Report Abuse Lovely.....
tazintally Sophomore Author Tallahassee Posts:194 Points:69,810 Joined:Jan 2009	Message Posted: Dec 11, 2012 9:26:30 AM Ignore tazintally Report Abuse Is there any GOOD reasons for the prices to yo-yo so much? Why can't they just set the price for a while and see what happens. The global economies would recover quicker if oil stablized. What did I read last week about WTI settling @ $65 and Brent @ $85. Another hoax.
dlemma Champion Author Wyoming Posts:4,121 Points:1,557,945 Joined:Feb 2008	Message Posted: Dec 11, 2012 9:25:46 AM Ignore dlemma Report Abuse oil prices will have instability until Obummer gets out of office.
bcline909 Veteran Author Virginia Posts:401 Points:80,170 Joined:Nov 2012	Message Posted: Dec 11, 2012 9:13:42 AM Ignore bcline909 Report Abuse cool
eomc17 Champion Author Tucson Posts:1,822 Points:134,145 Joined:Mar 2007	Message Posted: Dec 11, 2012 9:08:24 AM Ignore eomc17 Report Abuse Very sad excuse. Tomorrow it will be France confidence, then Thursday it will be something else. Come on, you phony greedy speculators, where's your conscience? Oh, I forgot, you don't have one. And Washington refuses to regulate these bastards and wants us to forget the CFTC was supposed to do just that almost two years ago. Obama's admin can pick and choose which laws it wants to enact or follow. Thanks so much for all of you that voted for this extremist. You made the rest of us suffer for four more years of his lies and overspending.
Ouch06 Champion Author Michigan Posts:1,618 Points:1,434,080 Joined:Apr 2006	Message Posted: Dec 11, 2012 8:53:54 AM Ignore Ouch06 Report Abuse ok
doggod Champion Author Anchorage Posts:2,863 Points:744,285 Joined:May 2009	Message Posted: Dec 11, 2012 8:47:00 AM Ignore doggod Report Abuse Way to go, German investors! You won't have to bail out the Greeks. No, nein, nichts. Them or the Eye-talians or the Portuguese or the Spaniards, niemals! Alles ist gut!
scu227 Champion Author New Haven Posts:4,167 Points:774,805 Joined:Feb 2011	Message Posted: Dec 11, 2012 8:45:57 AM Ignore scu227 Report Abuse SPECULATORS trying to create a runup in prices.
sabre75 Champion Author Florida Posts:1,663 Points:340,395 Joined:May 2012	Message Posted: Dec 11, 2012 8:43:56 AM Ignore sabre75 Report Abuse Simple speculation.
coughlin Champion Author San Jose Posts:5,195 Points:1,120,565 Joined:Sep 2009	Message Posted: Dec 11, 2012 8:41:23 AM Ignore coughlin Report Abuse Good for Germany!
AVKZ All-Star Author Kalamazoo Posts:851 Points:295,000 Joined:Apr 2012	Message Posted: Dec 11, 2012 8:23:16 AM Ignore AVKZ Report Abuse And so it goes...
humblepie Champion Author Toledo Posts:34,333 Points:2,374,295 Joined:Mar 2006	Message Posted: Dec 11, 2012 8:12:03 AM Ignore humblepie Report Abuse then raise the price in germany and china and leaves us third world countries alone
wrunner Champion Author Virginia Posts:4,460 Points:1,139,510 Joined:Dec 2009	Message Posted: Dec 11, 2012 8:10:06 AM Ignore wrunner Report Abuse Bet not on it.
Evilmaddog Champion Author British Columbia Posts:3,337 Points:960,475 Joined:Aug 2010	Message Posted: Dec 11, 2012 8:05:50 AM Ignore Evilmaddog Report Abuse more speculation
graceman Champion Author Baltimore Posts:4,968 Points:1,158,725 Joined:Jun 2008	Message Posted: Dec 11, 2012 8:05:40 AM Ignore graceman Report Abuse Need to keep dropping