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Author	Topic: Oil Falls on Chinese Inflation Data	Post a Reply Back to Topics

grim_farva Champion Author Kansas Posts:1,480 Points:325,725 Joined:Jun 2008	Message Posted: Jan 11, 2013 12:33:02 PM Ignore grim_farva Report Abuse Oil dropped as accelerating Chinese inflation bolstered concern that economic stimulus may be curbed. The spread between crude in New York and London narrowed to the least in almost four months. Futures fell as much as 1.2 percent after the Chinese government said prices rose the most in seven months. The discount of West Texas Intermediate oil traded in New York to London’s Brent shrank after Enterprise Products Partners LP (EPD) and Enbridge Inc. (ENB) completed the Seaway pipeline expansion, providing an outlet for record supplies in the central U.S. “If Chinese inflation is accelerating, there may be less room for stimulus, which would cool demand for oil in China,” said Addison Armstrong, director of market research at Tradition Energy in Stamford, Connecticut. Visit Bloomberg.com for full article

grim_farva

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Message Posted: Jan 11, 2013 12:33:02 PM

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Oil dropped as accelerating Chinese inflation bolstered concern that economic stimulus may be curbed. The spread between crude in New York and London narrowed to the least in almost four months.

Futures fell as much as 1.2 percent after the Chinese government said prices rose the most in seven months. The discount of West Texas Intermediate oil traded in New York to London’s Brent shrank after Enterprise Products Partners LP (EPD) and Enbridge Inc. (ENB) completed the Seaway pipeline expansion, providing an outlet for record supplies in the central U.S.

“If Chinese inflation is accelerating, there may be less room for stimulus, which would cool demand for oil in China,” said Addison Armstrong, director of market research at Tradition Energy in Stamford, Connecticut.
Visit Bloomberg.com for full article

REPLIES (newest first)Ignore Short Messages

JohnofGB Champion Author Flint Posts:5,406 Points:1,093,270 Joined:Feb 2010	Message Posted: Jan 12, 2013 1:32:57 AM Ignore JohnofGB Report Abuse Crude will rise and fall.
Jeff4U Champion Author Atlanta Posts:8,733 Points:1,849,445 Joined:Nov 2004	Message Posted: Jan 12, 2013 12:16:49 AM Ignore Jeff4U Report Abuse Didn't fall by much, but at least wholesale gasoline is down to $2.73 per gallon versus the mid-week $2.80 price.
lesndave Champion Author Texas Posts:3,022 Points:697,980 Joined:May 2011	Message Posted: Jan 11, 2013 11:35:24 PM Ignore lesndave Report Abuse Ok
Eugenian Champion Author Oregon Posts:1,842 Points:358,130 Joined:Oct 2009	Message Posted: Jan 11, 2013 10:19:09 PM Ignore Eugenian Report Abuse Whatever. Up or down, every day it's one or the other.
ddor All-Star Author Michigan Posts:965 Points:235,895 Joined:Aug 2012	Message Posted: Jan 11, 2013 8:18:34 PM Ignore ddor Report Abuse Ok
roadrunnin Champion Author Richmond Posts:1,743 Points:561,565 Joined:May 2008	Message Posted: Jan 11, 2013 6:40:56 PM Ignore roadrunnin Report Abuse if our economy tanks then we can't buy their goods, business goes down
Nicoalbum Champion Author Ottawa Posts:6,002 Points:1,185,890 Joined:Jan 2010	Message Posted: Jan 11, 2013 5:19:55 PM Ignore Nicoalbum Report Abuse One can put it other way around: oil prices are indicating Chinese inflation
ktbaeohana Champion Author Las Vegas Posts:2,296 Points:420,700 Joined:Mar 2010	Message Posted: Jan 11, 2013 4:51:16 PM Ignore ktbaeohana Report Abuse watch and see.
LostInNY Champion Author New York Posts:1,700 Points:644,895 Joined:Apr 2011	Message Posted: Jan 11, 2013 4:30:52 PM Ignore LostInNY Report Abuse no worries, it will spike soon!
Ouch06 Champion Author Michigan Posts:1,607 Points:1,428,760 Joined:Apr 2006	Message Posted: Jan 11, 2013 4:30:26 PM Ignore Ouch06 Report Abuse ok
Lugi1967 Champion Author Ohio Posts:4,773 Points:999,220 Joined:Jun 2010	Message Posted: Jan 11, 2013 3:52:28 PM Ignore Lugi1967 Report Abuse We'll see what effect this will have
doggod Champion Author Anchorage Posts:2,833 Points:738,435 Joined:May 2009	Message Posted: Jan 11, 2013 3:48:40 PM Ignore doggod Report Abuse As a result of the entire world following the US system of fraudulent government accounting, the path is going up a box canyon with no way to turn around. The metaphor will be reversed: the "fiscal cliff" will be, instead of something to jump off of, something to fly into.
ObieDog Champion Author Maryland Posts:1,956 Points:849,095 Joined:Sep 2010	Message Posted: Jan 11, 2013 3:48:19 PM Ignore ObieDog Report Abuse Not that prices would drop.
drpepperTX Champion Author Texas Posts:8,929 Points:749,935 Joined:Apr 2011	Message Posted: Jan 11, 2013 3:37:04 PM Ignore drpepperTX Report Abuse True humblepie, we have been sailing toward and will be sucked down the same inflationary hole soon.
Pramodsharma Champion Author Richmond Posts:1,969 Points:384,915 Joined:Feb 2012	Message Posted: Jan 11, 2013 3:11:35 PM Ignore Pramodsharma Report Abuse Oil falls on Chinese inflation, Kidding? It will cause huge fire. :)
fedupMN Champion Author Twin Cities Posts:2,939 Points:570,530 Joined:Mar 2011	Message Posted: Jan 11, 2013 3:05:14 PM Ignore fedupMN Report Abuse down today, up tomorrow
bwatchingu Champion Author Arkansas Posts:1,735 Points:598,795 Joined:Jan 2009	Message Posted: Jan 11, 2013 2:46:06 PM Ignore bwatchingu Report Abuse interesting
Taxrefugee Champion Author Arizona Posts:1,382 Points:383,865 Joined:Jan 2012	Message Posted: Jan 11, 2013 2:06:05 PM Ignore Taxrefugee Report Abuse Down down down they (should) go.
alterman156 Champion Author New York Posts:7,470 Points:1,554,600 Joined:Dec 2008	Message Posted: Jan 11, 2013 1:58:46 PM Ignore alterman156 Report Abuse Oil prices should fall further.
HorizonChaser Champion Author Montgomery Posts:1,968 Points:452,885 Joined:Dec 2011	Message Posted: Jan 11, 2013 1:43:10 PM Ignore HorizonChaser Report Abuse prices fluctuate
tnfran Champion Author Arizona Posts:4,363 Points:839,165 Joined:Dec 2010	Message Posted: Jan 11, 2013 1:36:18 PM Ignore tnfran Report Abuse right on humblepie. Sad scenario though.
deputydog082 Champion Author Detroit Posts:1,766 Points:656,360 Joined:Apr 2011	Message Posted: Jan 11, 2013 1:24:00 PM Ignore deputydog082 Report Abuse will that lower our gas prices?
fencemanNY Veteran Author New York Posts:408 Points:354,515 Joined:Jul 2008	Message Posted: Jan 11, 2013 1:15:43 PM Ignore fencemanNY Report Abuse Welcome to capitalism.
TripleHs Champion Author Austin Posts:3,355 Points:915,140 Joined:Oct 2009	Message Posted: Jan 11, 2013 1:02:50 PM Ignore TripleHs Report Abuse regardless, prices have been way to high with given supply and demand
humblepie Champion Author Toledo Posts:34,089 Points:2,368,445 Joined:Mar 2006	Message Posted: Jan 11, 2013 12:46:11 PM Ignore humblepie Report Abuse truth be told we are in the same boat that ship has been sailing for 4 years in america
bicycler Champion Author Ontario Posts:14,815 Points:2,598,445 Joined:May 2005	Message Posted: Jan 11, 2013 12:45:20 PM Ignore bicycler Report Abuse W#ish gas price would go down, but not here!
djwhit Champion Author Ohio Posts:2,992 Points:1,204,455 Joined:Jul 2009	Message Posted: Jan 11, 2013 12:41:41 PM Ignore djwhit Report Abuse THINGS HAPPEN........