Not Logged In Log In   Sign Up   Points Leaders
Follow Us    8:58 AM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Crude Falls; Silver, Gold Drop; Rice Gains: Commodities at Close Back to Topics
WxVette
Rookie Author
Omaha

Posts:86
Points:1,478,080
Joined:Jul 2007
Message Posted: Apr 3, 2013 8:11:57 AM

The Standard & Poor’s GSCI gauge of 24 commodities fell 0.3 percent to 650.05 at 4:51 p.m. Singapore time. The UBS Bloomberg CMCI index of 26 raw materials dropped 0.3 percent to 1,521.723.

CRUDE OIL
West Texas Intermediate fell for the second time in three days after an industry report showed U.S. crude stockpiles increased the most in four weeks and a government order prevented the restart of a pipeline to the Texas Gulf Coast.

WTI for May delivery declined as much as 68 cents to $96.51 a barrel in electronic trading on the New York Mercantile Exchange and was at $96.62 at 3:18 p.m. Singapore time. The volume of all futures traded was 1.7 percent below the 100-day average. The contract settled at $97.19 yesterday, the highest since March 28. Futures have traded between $90 and
Visit Bloomberg for full article
REPLIES (newest first) Post a Reply
07skydriver
Champion Author Ohio

Posts:6,028
Points:1,713,540
Joined:Feb 2009
Message Posted: Apr 3, 2013 9:25:25 PM

Yikes!!!
Bttlecat
Champion Author Oklahoma City

Posts:2,970
Points:648,900
Joined:Jan 2013
Message Posted: Apr 3, 2013 10:38:48 AM

can't get low enough, fast enough
matman01
Champion Author Detroit

Posts:18,504
Points:2,715,910
Joined:May 2007
Message Posted: Apr 3, 2013 9:49:09 AM

I hope the speculators get burned by falling prices.
Night Owl
Champion Author Toronto

Posts:10,690
Points:2,556,030
Joined:Jul 2004
Message Posted: Apr 3, 2013 9:46:00 AM

Keep falling.
investmentdr
Champion Author Cleveland

Posts:6,590
Points:2,184,315
Joined:Sep 2008
Message Posted: Apr 3, 2013 9:33:49 AM

down even more today
investmentdr
Champion Author Cleveland

Posts:6,590
Points:2,184,315
Joined:Sep 2008
Message Posted: Apr 3, 2013 9:31:51 AM

falling is good
flnobody
Champion Author Florida

Posts:3,738
Points:1,004,100
Joined:Jun 2012
Message Posted: Apr 3, 2013 9:00:55 AM

®¿®
merlinCO
Champion Author Colorado

Posts:4,869
Points:1,108,935
Joined:Mar 2012
Message Posted: Apr 3, 2013 8:54:36 AM

Does this mean the sky is falling?
BigRedVTX
Champion Author Georgia

Posts:1,651
Points:665,535
Joined:Jun 2011
Message Posted: Apr 3, 2013 8:49:22 AM

While the movement of most subatomic particles is extremely predictable, there are those "wild cards" that are not.
If the market were a particle, it would be a wild card particle.
Now if we could just figure a way to get the market into the "normal" listing for elements, we could begin
Zuegma
Champion Author Nova Scotia

Posts:3,957
Points:969,505
Joined:Aug 2012
Message Posted: Apr 3, 2013 8:42:28 AM

Market movements remind me the quasi random motion of subatomic particles except that the logic behind the displacement and direction of motion does follow predictable outcomes.
BigKart
Champion Author Indianapolis

Posts:2,210
Points:881,375
Joined:Apr 2011
Message Posted: Apr 3, 2013 8:39:49 AM

With EU trouble, I'm surprised that gold isn't rising.
Goatroper
Champion Author Dallas

Posts:8,571
Points:1,772,770
Joined:Apr 2004
Message Posted: Apr 3, 2013 8:39:48 AM

Speculation adds to the cost of almost everything you consume
lcleveland
Champion Author San Antonio

Posts:3,765
Points:1,313,420
Joined:May 2011
Message Posted: Apr 3, 2013 8:37:04 AM

still the same ,,, not falling
Sanpoil
Champion Author Spokane

Posts:4,755
Points:902,000
Joined:Jun 2012
Message Posted: Apr 3, 2013 8:35:04 AM

Good
Evilmaddog
Champion Author British Columbia

Posts:6,546
Points:1,730,295
Joined:Aug 2010
Message Posted: Apr 3, 2013 8:34:43 AM

$$$$$$$$$$ inflation
jovien
Veteran Author Virginia

Posts:297
Points:569,130
Joined:Jun 2011
Message Posted: Apr 3, 2013 8:26:46 AM

and yet prices are going up again ...
LanguageMan1
Champion Author Tampa

Posts:16,944
Points:2,437,590
Joined:Apr 2008
Message Posted: Apr 3, 2013 8:20:34 AM

Hopefully it will all fall a bit.
Rappcommuter
All-Star Author Virginia

Posts:820
Points:1,065,090
Joined:Apr 2011
Message Posted: Apr 3, 2013 8:19:39 AM

One can only hope that with the stock market moving up the speculators will take their money out of the commodities market and let oil drop back down to realistic prices.
newdan
Champion Author South Carolina

Posts:3,022
Points:766,405
Joined:Jul 2012
Message Posted: Apr 3, 2013 8:14:54 AM

oil prices fall but gas stays up
Post a reply Back to Topics