Not Logged In Log In   Sign Up   Points Leaders
Follow Us    8:45 AM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil Falls on Chinese Inflation Data Back to Topics
grim_farva

Champion Author
Kansas

Posts:2,195
Points:473,850
Joined:Jun 2008
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.
Visit Bloomberg.com for full article
REPLIES (newest first) Post a Reply
Profile Pic
JohnofGB
Champion Author Flint

Posts:7,581
Points:1,549,495
Joined:Feb 2010
Message Posted: Jan 12, 2013 1:32:57 AM

Crude will rise and fall.
Profile Pic
Jeff4U
Champion Author Atlanta

Posts:10,963
Points:2,305,750
Joined:Nov 2004
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.
Profile Pic
lesndave
Champion Author Texas

Posts:5,071
Points:1,151,380
Joined:May 2011
Message Posted: Jan 11, 2013 11:35:24 PM

Ok
Profile Pic
Eugenian
Champion Author Oregon

Posts:2,785
Points:540,645
Joined:Oct 2009
Message Posted: Jan 11, 2013 10:19:09 PM

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

Posts:1,415
Points:615,435
Joined:Aug 2012
Message Posted: Jan 11, 2013 8:18:34 PM

Ok
Profile Pic
roadrunnin
Champion Author Richmond

Posts:2,133
Points:784,255
Joined:May 2008
Message Posted: Jan 11, 2013 6:40:56 PM

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

Posts:8,432
Points:1,644,120
Joined:Jan 2010
Message Posted: Jan 11, 2013 5:19:55 PM

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

Posts:4,065
Points:835,525
Joined:Mar 2010
Message Posted: Jan 11, 2013 4:51:16 PM

watch and see.
Profile Pic
LostInNY
Champion Author New York

Posts:3,847
Points:1,101,675
Joined:Apr 2011
Message Posted: Jan 11, 2013 4:30:52 PM

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

Posts:2,179
Points:1,776,015
Joined:Apr 2006
Message Posted: Jan 11, 2013 4:30:26 PM

ok
Profile Pic
Lugi1967
Champion Author Ohio

Posts:6,720
Points:1,440,895
Joined:Jun 2010
Message Posted: Jan 11, 2013 3:52:28 PM

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

Posts:4,340
Points:1,060,860
Joined:May 2009
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.

Profile Pic
ObieDog
Champion Author Maryland

Posts:3,860
Points:1,296,070
Joined:Sep 2010
Message Posted: Jan 11, 2013 3:48:19 PM

Not that prices would drop.
Profile Pic
drpepperTX
Champion Author Texas

Posts:12,685
Points:1,205,600
Joined:Apr 2011
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.
Profile Pic
Pramodsharma
Champion Author Richmond

Posts:4,052
Points:827,360
Joined:Feb 2012
Message Posted: Jan 11, 2013 3:11:35 PM

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

Posts:4,934
Points:964,005
Joined:Mar 2011
Message Posted: Jan 11, 2013 3:05:14 PM

down today, up tomorrow
Profile Pic
bwatchingu
Champion Author Arkansas

Posts:3,861
Points:1,056,350
Joined:Jan 2009
Message Posted: Jan 11, 2013 2:46:06 PM

interesting
Profile Pic
Taxrefugee
Champion Author Arizona

Posts:2,910
Points:812,080
Joined:Jan 2012
Message Posted: Jan 11, 2013 2:06:05 PM

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

Posts:9,655
Points:2,012,495
Joined:Dec 2008
Message Posted: Jan 11, 2013 1:58:46 PM

Oil prices should fall further.
Profile Pic
HorizonChaser
Champion Author Montgomery

Posts:3,561
Points:836,665
Joined:Dec 2011
Message Posted: Jan 11, 2013 1:43:10 PM

prices fluctuate
Profile Pic
tnfran
Champion Author Arizona

Posts:6,498
Points:1,284,680
Joined:Dec 2010
Message Posted: Jan 11, 2013 1:36:18 PM

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

Posts:3,545
Points:1,060,180
Joined:Apr 2011
Message Posted: Jan 11, 2013 1:24:00 PM

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

Posts:450
Points:468,830
Joined:Jul 2008
Message Posted: Jan 11, 2013 1:15:43 PM

Welcome to capitalism.
Profile Pic
TripleHs
Champion Author Austin

Posts:3,868
Points:1,051,020
Joined:Oct 2009
Message Posted: Jan 11, 2013 1:02:50 PM

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

Posts:53,356
Points:2,829,285
Joined:Mar 2006
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
Profile Pic
bicycler
Champion Author Ontario

Posts:14,815
Points:2,598,445
Joined:May 2005
Message Posted: Jan 11, 2013 12:45:20 PM

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

Posts:4,980
Points:1,652,630
Joined:Jul 2009
Message Posted: Jan 11, 2013 12:41:41 PM

THINGS HAPPEN........
Post a reply Back to Topics