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Author Topic: Oil Rebounds From One-Month Low on Germany Confidence Back to Topics
WxVette
Rookie Author
Omaha

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

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
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REPLIES (newest first) Post a Reply
Lugi1967
Champion Author Ohio

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Message Posted: Dec 11, 2012 7:08:40 PM

Amazing what makes oil flow
Tekkersmom57
Champion Author Syracuse

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Message Posted: Dec 11, 2012 12:35:57 PM

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

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Message Posted: Dec 11, 2012 11:26:53 AM

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

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Message Posted: Dec 11, 2012 10:49:14 AM

speculations
Night Owl
Champion Author Toronto

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Message Posted: Dec 11, 2012 10:45:27 AM

Greedy oil speculators.
carolfitz4438
Veteran Author New York

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Message Posted: Dec 11, 2012 10:29:55 AM

ok
hornet17
Champion Author Vancouver

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Message Posted: Dec 11, 2012 10:24:07 AM

yo-yo
bruin19MD
Champion Author Maryland

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Message Posted: Dec 11, 2012 10:06:24 AM

Interesting article
OTISFL
Champion Author Pensacola

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Message Posted: Dec 11, 2012 10:02:57 AM

Up & Down!
fora_7
Champion Author Montreal

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Message Posted: Dec 11, 2012 9:47:57 AM

Yo-yo keeps on going
csblesson
Champion Author Texas

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Message Posted: Dec 11, 2012 9:47:21 AM

Well...if something happens in Germany, we will have to pay more ....
7SPEEDY7
Champion Author Flint

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Message Posted: Dec 11, 2012 9:44:43 AM

Lovely.....
tazintally
Champion Author Tallahassee

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Message Posted: Dec 11, 2012 9:26:30 AM

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

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Message Posted: Dec 11, 2012 9:25:46 AM

oil prices will have instability until Obummer gets out of office.
bcline909
Veteran Author Virginia

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Message Posted: Dec 11, 2012 9:13:42 AM

cool
eomc17
Champion Author Tucson

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Message Posted: Dec 11, 2012 9:08:24 AM

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

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Message Posted: Dec 11, 2012 8:53:54 AM

ok
doggod
Champion Author Anchorage

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Message Posted: Dec 11, 2012 8:47:00 AM

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

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Message Posted: Dec 11, 2012 8:45:57 AM

SPECULATORS trying to create a runup in prices.
sabre75
Champion Author Florida

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Message Posted: Dec 11, 2012 8:43:56 AM

Simple speculation.
coughlin
Champion Author San Jose

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Message Posted: Dec 11, 2012 8:41:23 AM

Good for Germany!
AVKZ
Champion Author Kalamazoo

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Message Posted: Dec 11, 2012 8:23:16 AM

And so it goes...
humblepie
Champion Author Toledo

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Message Posted: Dec 11, 2012 8:12:03 AM

then raise the price in germany and china and
leaves us third world countries alone
wrunner
Champion Author Virginia

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Message Posted: Dec 11, 2012 8:10:06 AM

Bet not on it.
Evilmaddog
Champion Author British Columbia

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Message Posted: Dec 11, 2012 8:05:50 AM

more speculation
graceman
Champion Author Baltimore

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Message Posted: Dec 11, 2012 8:05:40 AM

Need to keep dropping
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