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Author Topic: Oil Falls on Chinese Inflation Data Back to Topics
grim_farva

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Kansas

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

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.
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REPLIES (newest first) Post a Reply
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JohnofGB
Champion Author Flint

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Message Posted: Jan 12, 2013 1:32:57 AM

Crude will rise and fall.
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Jeff4U
Champion Author Atlanta

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Message Posted: Jan 12, 2013 12:16:49 AM

Didn't fall by much, but at least wholesale gasoline is down to $2.73 per gallon versus the mid-week $2.80 price.
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lesndave
Champion Author Texas

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Message Posted: Jan 11, 2013 11:35:24 PM

Ok
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Eugenian
Champion Author Oregon

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Message Posted: Jan 11, 2013 10:19:09 PM

Whatever. Up or down, every day it's one or the other.
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ddor
Champion Author Michigan

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Message Posted: Jan 11, 2013 8:18:34 PM

Ok
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roadrunnin
Champion Author Richmond

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Message Posted: Jan 11, 2013 6:40:56 PM

if our economy tanks then we can't buy their goods, business goes down
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Nicoalbum
Champion Author Ottawa

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Message Posted: Jan 11, 2013 5:19:55 PM

One can put it other way around: oil prices are indicating Chinese inflation
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ktbaeohana
Champion Author Las Vegas

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Message Posted: Jan 11, 2013 4:51:16 PM

watch and see.
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LostInNY
Champion Author New York

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Message Posted: Jan 11, 2013 4:30:52 PM

no worries, it will spike soon!
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Ouch06
Champion Author Michigan

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Message Posted: Jan 11, 2013 4:30:26 PM

ok
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Lugi1967
Champion Author Ohio

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Message Posted: Jan 11, 2013 3:52:28 PM

We'll see what effect this will have
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doggod
Champion Author Anchorage

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Message Posted: Jan 11, 2013 3:48:40 PM

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.

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ObieDog
Champion Author Maryland

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Message Posted: Jan 11, 2013 3:48:19 PM

Not that prices would drop.
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drpepperTX
Champion Author Texas

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Message Posted: Jan 11, 2013 3:37:04 PM

True humblepie, we have been sailing toward and will be sucked down the same inflationary hole soon.
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Pramodsharma
Champion Author Richmond

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Message Posted: Jan 11, 2013 3:11:35 PM

Oil falls on Chinese inflation, Kidding? It will cause huge fire. :)
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fedupMN
Champion Author Twin Cities

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Message Posted: Jan 11, 2013 3:05:14 PM

down today, up tomorrow
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bwatchingu
Champion Author Arkansas

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Message Posted: Jan 11, 2013 2:46:06 PM

interesting
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Taxrefugee
Champion Author Arizona

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Message Posted: Jan 11, 2013 2:06:05 PM

Down down down they (should) go.
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alterman156
Champion Author New York

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Message Posted: Jan 11, 2013 1:58:46 PM

Oil prices should fall further.
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HorizonChaser
Champion Author Montgomery

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Message Posted: Jan 11, 2013 1:43:10 PM

prices fluctuate
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tnfran
Champion Author Arizona

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Message Posted: Jan 11, 2013 1:36:18 PM

right on humblepie. Sad scenario though.
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deputydog082
Champion Author Detroit

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Message Posted: Jan 11, 2013 1:24:00 PM

will that lower our gas prices?
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fencemanNY
Veteran Author New York

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Message Posted: Jan 11, 2013 1:15:43 PM

Welcome to capitalism.
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TripleHs
Champion Author Austin

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Message Posted: Jan 11, 2013 1:02:50 PM

regardless, prices have been way to high with given supply and demand
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humblepie
Champion Author Toledo

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Message Posted: Jan 11, 2013 12:46:11 PM

truth be told we are in the same boat
that ship has been sailing for 4 years in america
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bicycler
Champion Author Ontario

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Message Posted: Jan 11, 2013 12:45:20 PM

W#ish gas price would go down, but not here!
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djwhit
Champion Author Ohio

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Message Posted: Jan 11, 2013 12:41:41 PM

THINGS HAPPEN........
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