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Author	Topic: Oil price hovers around $97 ahead of US data	Post a Reply Back to Topics

WxVette Rookie Author Omaha Posts:34 Points:1,013,330 Joined:Jul 2007	Message Posted: Feb 20, 2013 8:14:54 AM Ignore WxVette Report Abuse The price of oil hovered around $97 a barrel on Wednesday ahead of the release of U.S. housing starts for January. By early afternoon in Europe, benchmark crude for April delivery was down 19 cents to $96.91 a barrel in electronic trading on the New York Mercantile Exchange. The March contract, which expires Wednesday, rose 80 cents to finish at $96.66 per barrel on the Nymex on Tuesday. Later in the day, the U.S. Commerce Department will release housing starts for the month of January, a key gauge of the real estate industry and economy. In December, builders broke ground on houses and apartments at a seasonally adjusted annual rate of 954,000. That was 12.1 percent higher than November's annual rate. A report on Tuesday showed that confidence among homebuilders slipped, as build

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Message Posted: Feb 20, 2013 8:14:54 AM

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The price of oil hovered around $97 a barrel on Wednesday ahead of the release of U.S. housing starts for January.

By early afternoon in Europe, benchmark crude for April delivery was down 19 cents to $96.91 a barrel in electronic trading on the New York Mercantile Exchange. The March contract, which expires Wednesday, rose 80 cents to finish at $96.66 per barrel on the Nymex on Tuesday.

Later in the day, the U.S. Commerce Department will release housing starts for the month of January, a key gauge of the real estate industry and economy. In December, builders broke ground on houses and apartments at a seasonally adjusted annual rate of 954,000. That was 12.1 percent higher than November's annual rate.

A report on Tuesday showed that confidence among homebuilders slipped, as build

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mightyace Champion Author Tennessee Posts:4,274 Points:846,030 Joined:Jan 2011	Message Posted: Feb 21, 2013 2:16:45 AM Ignore mightyace Report Abuse Then why is gas still going up, up, up?
Sneakers55 Champion Author Houston Posts:51,306 Points:2,143,925 Joined:Nov 2005	Message Posted: Feb 21, 2013 1:23:09 AM Ignore Sneakers55 Report Abuse I wouldn't care what price crude oil is just as long as the price of gasoline hovers around $2.50 a gallon.
kgbellman Champion Author Ann Arbor Posts:2,718 Points:732,815 Joined:Mar 2011	Message Posted: Feb 21, 2013 12:54:50 AM Ignore kgbellman Report Abuse This is getting crazy
gass12 Champion Author Omaha Posts:8,394 Points:2,304,690 Joined:Oct 2005	Message Posted: Feb 21, 2013 12:47:09 AM Ignore gass12 Report Abuse It was $94 a barell the last I saw.
rahcat Champion Author Grand Rapids Posts:2,473 Points:663,175 Joined:Jan 2010	Message Posted: Feb 21, 2013 12:30:53 AM Ignore rahcat Report Abuse I'm afraid we have not even seen the peak gas prices yet.
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Feb 21, 2013 12:28:21 AM Ignore tedjm1 Report Abuse Okay.
Zonk Champion Author Michigan Posts:6,486 Points:2,102,990 Joined:Oct 2005	Message Posted: Feb 21, 2013 12:27:17 AM Ignore Zonk Report Abuse That's below the $119 several weeks ago.
Bigwaynef Champion Author South Carolina Posts:11,480 Points:2,081,735 Joined:Dec 2006	Message Posted: Feb 21, 2013 12:23:15 AM Ignore Bigwaynef Report Abuse Is this Oh-Bamass fault yet???
danreino Champion Author Twin Cities Posts:8,353 Points:1,540,730 Joined:Mar 2008	Message Posted: Feb 21, 2013 12:23:06 AM Ignore danreino Report Abuse WRONG !! Oil plummeted today all the way down to $95 per barrel. But gas still went up 10-15 cent a gallon here today, thanks to CHU & O'Lenin II. [Edited by: danreino at 2/21/2013 12:24:15 AM EST]
AnObserver Champion Author New Jersey Posts:8,359 Points:2,258,755 Joined:Sep 2005	Message Posted: Feb 21, 2013 12:22:46 AM Ignore AnObserver Report Abuse It would be better if it hovered around $57
crreed1 Champion Author West Virginia Posts:1,990 Points:2,527,310 Joined:May 2005	Message Posted: Feb 21, 2013 12:22:27 AM Ignore crreed1 Report Abuse this is old news nite
regout Champion Author Quebec Posts:2,955 Points:832,705 Joined:May 2010	Message Posted: Feb 21, 2013 12:21:18 AM Ignore regout Report Abuse Still to high.
mlmeng Champion Author Michigan Posts:1,635 Points:591,060 Joined:Mar 2011	Message Posted: Feb 21, 2013 12:20:50 AM Ignore mlmeng Report Abuse Gas prices are still too high.
regout Champion Author Quebec Posts:2,955 Points:832,705 Joined:May 2010	Message Posted: Feb 21, 2013 12:20:14 AM Ignore regout Report Abuse It won't regress.
judgemobile Champion Author Ohio Posts:7,570 Points:2,445,135 Joined:Nov 2005	Message Posted: Feb 21, 2013 12:18:08 AM Ignore judgemobile Report Abuse gold is way down---time to BUY, BUY, BUY
10k Champion Author North Carolina Posts:21,259 Points:2,254,995 Joined:May 2006	Message Posted: Feb 21, 2013 12:17:11 AM Ignore 10k Report Abuse and good ol' north carolina is now 6¢ higher than the national average..
yakstar Champion Author Montreal Posts:2,420 Points:480,520 Joined:Jan 2012	Message Posted: Feb 21, 2013 12:16:24 AM Ignore yakstar Report Abuse milk city!
obimerrill Champion Author Cincinnati Posts:1,445 Points:290,690 Joined:Jul 2012	Message Posted: Feb 21, 2013 12:16:07 AM Ignore obimerrill Report Abuse Let's see where things stand by the weekend...
DEG Champion Author Las Vegas Posts:17,625 Points:3,495,680 Joined:Jul 2003	Message Posted: Feb 21, 2013 12:15:35 AM Ignore DEG Report Abuse Oil should be in the $40 to $45/barrel range.
jkpsr Champion Author New Jersey Posts:4,084 Points:1,102,880 Joined:Jun 2005	Message Posted: Feb 21, 2013 12:15:34 AM Ignore jkpsr Report Abuse Sring is almost here!
9C1 Champion Author Chicago Posts:22,859 Points:4,246,585 Joined:Jul 2001	Message Posted: Feb 21, 2013 12:14:57 AM Ignore 9C1 Report Abuse Pig Oil is killing us
ican2step Champion Author Pittsburgh Posts:1,686 Points:427,625 Joined:Feb 2012	Message Posted: Feb 21, 2013 12:12:26 AM Ignore ican2step Report Abuse Okay
boatfloyd Champion Author Jacksonville Posts:1,723 Points:388,950 Joined:Mar 2012	Message Posted: Feb 21, 2013 12:12:09 AM Ignore boatfloyd Report Abuse Let's check the price on Friday.
naspa Champion Author Cleveland Posts:1,271 Points:352,150 Joined:Jan 2012	Message Posted: Feb 21, 2013 12:11:46 AM Ignore naspa Report Abuse In a short while we will all ride the stupid scooters everywhere.
jdevlin All-Star Author Ontario Posts:798 Points:1,378,845 Joined:Sep 2008	Message Posted: Feb 21, 2013 12:10:51 AM Ignore jdevlin Report Abuse Probably make gas go up.
pa79th Champion Author Pennsylvania Posts:1,787 Points:1,217,075 Joined:Jun 2007	Message Posted: Feb 21, 2013 12:08:59 AM Ignore pa79th Report Abuse Destroy the Futures Market! It kills consumers!
yyc2yow All-Star Author Ottawa Posts:658 Points:571,310 Joined:Dec 2009	Message Posted: Feb 21, 2013 12:07:07 AM Ignore yyc2yow Report Abuse of course
camaro_man Champion Author Kitchener-Waterloo Posts:2,232 Points:611,045 Joined:Jun 2010	Message Posted: Feb 21, 2013 12:06:40 AM Ignore camaro_man Report Abuse Bring down prices
jobo74 All-Star Author Ontario Posts:931 Points:775,760 Joined:May 2010	Message Posted: Feb 21, 2013 12:06:31 AM Ignore jobo74 Report Abuse the daily lie
Piggy1959 Sophomore Author Fort Worth Posts:166 Points:110,495 Joined:Aug 2012	Message Posted: Feb 21, 2013 12:06:13 AM Ignore Piggy1959 Report Abuse So, what?
ManOfLeisureII Champion Author Philadelphia Posts:1,879 Points:455,125 Joined:Jan 2012	Message Posted: Feb 21, 2013 12:04:00 AM Ignore ManOfLeisureII Report Abuse Better than the $150 it hit in 2009
Rageagainsttm Champion Author Tampa Posts:8,308 Points:1,903,955 Joined:Jul 2007	Message Posted: Feb 21, 2013 12:03:19 AM Ignore Rageagainsttm Report Abuse Lookin real bad.
sjhman Veteran Author Atlanta Posts:410 Points:277,370 Joined:Sep 2008	Message Posted: Feb 21, 2013 12:01:41 AM Ignore sjhman Report Abuse fall fall fall!
kjme4ever Sophomore Author Lexington Posts:110 Points:52,000 Joined:Jun 2011	Message Posted: Feb 21, 2013 12:01:17 AM Ignore kjme4ever Report Abuse Oil and gas are overpriced period! Speculators see the economy recovering and they are putting bundles of cash into oil "to make money". This is killing the working man/woman and the goverment should do something about it. The truth about gas is that the crazy high prices are making demand go down each and every year but yet the price rises. Just doesn't add up anymore as supply and demand are dead. We use less gas but the price continues to rise. Nothing but GREED in the world today!!
mia3bxs Veteran Author Miami Posts:452 Points:311,190 Joined:Jul 2011	Message Posted: Feb 20, 2013 11:59:36 PM Ignore mia3bxs Report Abuse That's Big Oil for you.
badharley Champion Author Tampa Posts:1,030 Points:741,285 Joined:Jul 2010	Message Posted: Feb 20, 2013 11:59:24 PM Ignore badharley Report Abuse Just GREED.
WanderDan All-Star Author Dayton Posts:591 Points:144,460 Joined:Nov 2012	Message Posted: Feb 20, 2013 11:57:24 PM Ignore WanderDan Report Abuse more big oil handouts is what they want and need - right?
sydb7 Champion Author Atlanta Posts:3,557 Points:1,919,755 Joined:Mar 2003	Message Posted: Feb 20, 2013 11:56:25 PM Ignore sydb7 Report Abuse Does it matter? Prices have already been manipulated!
dandvicb Champion Author Bridgeport Posts:1,232 Points:1,076,955 Joined:Jul 2004	Message Posted: Feb 20, 2013 11:54:37 PM Ignore dandvicb Report Abuse Eliminate the speculation!!!!!!!!!!!!
Z51Corvette Champion Author Austin Posts:8,490 Points:1,672,145 Joined:Jan 2008	Message Posted: Feb 20, 2013 11:53:29 PM Ignore Z51Corvette Report Abuse This price is a farce... eliminate the speculator... this is nuts!
snagged Veteran Author Akron Posts:396 Points:111,430 Joined:Oct 2012	Message Posted: Feb 20, 2013 11:52:47 PM Ignore snagged Report Abuse Gas will be $10. soon.
floridakeys All-Star Author Columbus Posts:682 Points:272,155 Joined:Jan 2011	Message Posted: Feb 20, 2013 11:51:49 PM Ignore floridakeys Report Abuse Getting bent over at the fuel pump still, something soon is gonna have to give,can't keep on not like this.
Bleeder Champion Author Virginia Posts:8,038 Points:1,699,625 Joined:Jan 2008	Message Posted: Feb 20, 2013 11:49:28 PM Ignore Bleeder Report Abuse I don not like the looks of this.
southrob Champion Author Tucson Posts:3,600 Points:688,175 Joined:Mar 2011	Message Posted: Feb 20, 2013 11:46:18 PM Ignore southrob Report Abuse dhan to end stupidity
libertyut Champion Author Utah Posts:1,350 Points:291,625 Joined:Mar 2012	Message Posted: Feb 20, 2013 11:43:00 PM Ignore libertyut Report Abuse It should be at least half that price.
gasmack Champion Author Ventura Posts:1,713 Points:668,460 Joined:Feb 2011	Message Posted: Feb 20, 2013 11:38:18 PM Ignore gasmack Report Abuse Patience is needed.
nwsynthetics Champion Author Oregon Posts:1,014 Points:346,425 Joined:Dec 2011	Message Posted: Feb 20, 2013 11:38:15 PM Ignore nwsynthetics Report Abuse tooooooooooooooooooo high
clermont40miles Champion Author Cincinnati Posts:10,576 Points:1,772,940 Joined:Apr 2008	Message Posted: Feb 20, 2013 11:35:16 PM Ignore clermont40miles Report Abuse Dropped to $94.44. Still twice what it ought to be. Speculators keep it hiked up.
BREW9 All-Star Author Tampa Posts:886 Points:2,912,930 Joined:Jun 2004	Message Posted: Feb 20, 2013 11:34:15 PM Ignore BREW9 Report Abuse too high
serrog Champion Author Nova Scotia Posts:5,569 Points:1,513,105 Joined:Oct 2008	Message Posted: Feb 20, 2013 11:34:07 PM Ignore serrog Report Abuse Inevitable