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Author Topic: Oil futures fall as traders brace for supply climb Back to Topics
WxVette
Rookie Author
Omaha

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Message Posted: Apr 3, 2013 10:36:19 AM

SAN FRANCISCO (MarketWatch) — Oil futures fell Wednesday as traders braced for government data that are likely to show a sizable climb in last week’s supplies after a trade group reported an increase that was nearly double what analysts had anticipated.

Disappointing growth in U.S. private-sector payrolls also weighed on sentiment.

Crude for May delivery /quotes/zigman/2291775 CLK3 -0.73% fell 51 cents, or 0.6%, to $96.68 a barrel on the New York Mercantile Exchange.

The loss came after the American Petroleum Institute said late Tuesday that crude supplies rose 4.7 million barrels in the week ended March 29. Analysts had expected a climb of 2.5 million barrels, according to a Platts survey of analysts.

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REPLIES (newest first) Post a Reply
TruthMatters
Champion Author New Jersey

Posts:3,681
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Joined:Oct 2011
Message Posted: Apr 4, 2013 6:39:43 AM

Ok
heydano67
Champion Author California

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Joined:Feb 2012
Message Posted: Apr 3, 2013 5:30:25 PM

keep it falling
qwerty17
Champion Author New Jersey

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Joined:Oct 2009
Message Posted: Apr 3, 2013 5:25:20 PM

i like fall.
doctorindyj
Champion Author Santa Fe

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Joined:Nov 2009
Message Posted: Apr 3, 2013 1:34:19 PM

51 cents is not a 'fall'. When it goes down by several dollars I might consider it.
ErnieK9LO
Champion Author North Dakota

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Message Posted: Apr 3, 2013 12:14:46 PM

This is good and we need refineries in ND.
YumaFellow
Champion Author Arizona

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Points:1,345,400
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Message Posted: Apr 3, 2013 11:45:14 AM

Prices are up. Prices are down. It is all driven by speculation. Wonder what the next crisis will be that will be the "reason" for a price hike.

However, prices at the pump in my area have not changed much at all in the last month.
fuel2use
Champion Author Seattle

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Message Posted: Apr 3, 2013 11:43:57 AM

End speculation.
USMCturtlehead
Champion Author Lexington

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Message Posted: Apr 3, 2013 11:42:07 AM

Part of the game of speculation, to have winners you have to have losers.
Bttlecat
Champion Author Oklahoma City

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Points:655,125
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Message Posted: Apr 3, 2013 10:41:15 AM

get out and drive, big oil needs your support
briinnc
Champion Author North Carolina

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Message Posted: Apr 3, 2013 10:40:40 AM

Good. Hope the speculators' losses go the other way.
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