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Author	Topic: COMMODITIES-US oil up on pipeline news; copper up too, gold down	Post a Reply Back to Topics

mainenightowl All-Star Author Maine Posts:992 Points:332,460 Joined:May 2012	Message Posted: Jan 24, 2013 7:06:34 PM Ignore mainenightowl Report Abuse NEW YORK, Jan 24 (Reuters) - U.S. oil prices rose on Thursday, as news that a troubled crude pipeline could be restored soon triggered a rebound from the previous session's losses, while copper closed higher due to strong global economic data. Gold notched its sharpest drop in three weeks after failing several times to break above technical resistance. In crop markets, cocoa hit seven-month lows on worries of thinning demand after chocolate-makers finished preparations for Valentine candy. Visit Reuters for full article

mainenightowl

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Message Posted: Jan 24, 2013 7:06:34 PM

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NEW YORK, Jan 24 (Reuters) - U.S. oil prices rose on Thursday, as news that a troubled crude pipeline could be restored soon triggered a rebound from the previous session's losses, while copper closed higher due to strong global economic data.
Gold notched its sharpest drop in three weeks after failing several times to break above technical resistance.
In crop markets, cocoa hit seven-month lows on worries of thinning demand after chocolate-makers finished preparations for Valentine candy.
Visit Reuters for full article

REPLIES (newest first)Ignore Short Messages

eomc17 Champion Author Tucson Posts:1,840 Points:135,330 Joined:Mar 2007	Message Posted: Jan 26, 2013 5:37:18 AM Ignore eomc17 Report Abuse The EXCUSE for the jump in oil prices due to the pipeline is completely BOGUS. Hey OBOZO, when are you planning to regulate these speculators, you BIG PHONY LIAR IN CHIEF????
DrCashFlow Champion Author Massachusetts Posts:7,196 Points:1,653,625 Joined:Jun 2008	Message Posted: Jan 26, 2013 5:21:48 AM Ignore DrCashFlow Report Abuse pipelines and refineries. there's always something
bwatchingu Champion Author Arkansas Posts:1,854 Points:626,950 Joined:Jan 2009	Message Posted: Jan 25, 2013 2:08:16 PM Ignore bwatchingu Report Abuse excuses
doctorindyj Champion Author Santa Fe Posts:3,538 Points:864,310 Joined:Nov 2009	Message Posted: Jan 25, 2013 11:33:08 AM Ignore doctorindyj Report Abuse It's up and it's down. Mostly up. If you thought copper stealing was bad before it is probably going to get worse now.
WalkingWV Champion Author West Virginia Posts:3,754 Points:788,060 Joined:May 2008	Message Posted: Jan 25, 2013 11:31:37 AM Ignore WalkingWV Report Abuse Gas is up 35¢ here, $3.49!
fora_7 All-Star Author Montreal Posts:990 Points:232,850 Joined:Sep 2012	Message Posted: Jan 25, 2013 7:18:17 AM Ignore fora_7 Report Abuse gas have gone quite up in the last days
flnobody All-Star Author Florida Posts:561 Points:255,900 Joined:Jun 2012	Message Posted: Jan 25, 2013 12:22:15 AM Ignore flnobody Report Abuse "U.S. oil prices rose on Thursday, as news that a troubled crude pipeline could be restored soon triggered a rebound from the previous session's losses," I've always have been told. More oil means cheaper prices. HMMM, seems the gop and the oil company's have been lying. ò¿ó
davenles Champion Author Texas Posts:3,331 Points:745,385 Joined:May 2011	Message Posted: Jan 24, 2013 10:41:35 PM Ignore davenles Report Abuse Screw oil, invest in chocolate. Corner the world's sweet tooth.
Night Owl Champion Author Toronto Posts:7,680 Points:1,812,950 Joined:Jul 2004	Message Posted: Jan 24, 2013 10:14:55 PM Ignore Night Owl Report Abuse Greedy Wall Street oil speculators.
graceman Champion Author Baltimore Posts:4,968 Points:1,158,725 Joined:Jun 2008	Message Posted: Jan 24, 2013 9:48:56 PM Ignore graceman Report Abuse What does this have to do with gas prices?
YumaFellow Champion Author Arizona Posts:1,421 Points:648,345 Joined:Jan 2011	Message Posted: Jan 24, 2013 8:21:54 PM Ignore YumaFellow Report Abuse Let's see….an oil pipeline is coming back online. That means more oil available. So the price goes up on that news? Usually more supply leads to a glut and prices go down. So…is there any reason to believe anything other than oil prices are a result of manipulation by the hedge fund managers and speculators?
TomT2Lee Champion Author Cincinnati Posts:5,471 Points:1,623,135 Joined:Sep 2005	Message Posted: Jan 24, 2013 8:09:11 PM Ignore TomT2Lee Report Abuse and the beat goes on...
humblepie Champion Author Toledo Posts:35,290 Points:2,398,095 Joined:Mar 2006	Message Posted: Jan 24, 2013 7:09:46 PM Ignore humblepie Report Abuse oil is up just because its oil........duh