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Author Topic: Oil falls as traders weigh China data, 2013 demand Back to Topics
WxVette
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Omaha

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Message Posted: Jan 18, 2013 8:36:51 AM

The price of oil slipped to near $95 a barrel Friday but remained near four-month highs after new data showed China's economy rebounded in the final quarter of last year, suggesting an increase in energy demand.

By early afternoon in Europe, benchmark oil for February delivery was down 26 cents to $95.23 a barrel in electronic trading on the New York Mercantile Exchange. The contract gained $1.25 to finish at $95.49 a barrel. That was the highest close for crude on the Nymex since Sept. 17 and a result of the positive economic reports out of the U.S.

"Investors were prompted to some profit-taking to lock in recent gains, while the markets try to digest the Chinese economic data that slightly improved market sentiment" said a report from Sucden Financial Research in London.

Chin
Visit Associated Press for full article
REPLIES (newest first) Post a Reply
heydano67
Champion Author California

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Message Posted: Jan 19, 2013 4:35:50 AM

Should be about $60
DrCashFlow
Champion Author Massachusetts

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Message Posted: Jan 19, 2013 3:03:53 AM

noise amidst guesswork
MrLefty0706
Champion Author Chicago

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Message Posted: Jan 18, 2013 4:18:59 PM

Only seeing increases in Northern Illinois.
humblepie
Champion Author Toledo

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Message Posted: Jan 18, 2013 12:33:50 PM

gas is $3.07 here
fora_7
Champion Author Montreal

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Message Posted: Jan 18, 2013 9:31:56 AM

Beware of China demand, in a few years, it will be out of this world.
Seamus4513
Champion Author Orange County

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Message Posted: Jan 18, 2013 9:28:13 AM

K
carolfitz4438
Veteran Author New York

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Message Posted: Jan 18, 2013 9:26:37 AM

Not seeing it
cdrrod
Champion Author Wisconsin

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Message Posted: Jan 18, 2013 9:03:53 AM

No party in Kenosha WI! Our gas just went up 20ยข gallon overnight...
bills299
Champion Author Atlanta

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Message Posted: Jan 18, 2013 9:01:00 AM

Oil needs to go back to $70 barrel!!
BurntOrange
Champion Author Austin

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Message Posted: Jan 18, 2013 8:50:09 AM

26 cents!!!

Party Time!!!
txequitygas
Champion Author Houston

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Message Posted: Jan 18, 2013 8:46:45 AM

More reasons to use more NG, especially anyway that would help reduce the use of oil.
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