Not Logged In Log In   Sign Up   Points Leaders
Follow Us    11:49 AM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil Futures at Lowest in Week After US Inventories Hit 3-Decade High Back to Topics
Silverbac

Rookie Author
St. Louis

Posts:31
Points:2,164,870
Joined:Jul 2005
Message Posted: May 2, 2013 5:37:29 AM

Oil futures fell to their lowest level in a week Wednesday after a report showed U.S. oil inventories rose to their highest level in more than three decades last week.

Visit Dow Jones Newswires for full article
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,993
Points:2,223,190
Joined:Nov 2008
Message Posted: May 6, 2013 12:05:22 AM

jeannemarie: it's the specutraitors who drive the prices, not the general hopes and fears. And right now, they got cold feet b/c PigOil is demolishing the global economy.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,993
Points:2,223,190
Joined:Nov 2008
Message Posted: May 5, 2013 12:02:16 AM

Welcome to PigOil greed, HIGuy.
Profile Pic
dunedate
Champion Author California

Posts:1,438
Points:175,865
Joined:Jan 2010
Message Posted: May 3, 2013 3:08:36 PM

to bad for the oil futures market! good for the consumer
Profile Pic
sjf238
Champion Author Philadelphia

Posts:1,215
Points:650,655
Joined:Mar 2011
Message Posted: May 3, 2013 10:07:36 AM

Good!!
Profile Pic
eomc17
Champion Author Tucson

Posts:2,215
Points:157,725
Joined:Mar 2007
Message Posted: May 3, 2013 3:05:23 AM

SO NOT TRUE, WTI JUMPED TO AN AMAZINGLY HIGH 94$ YESTERDAY, DESPITE OUR MASSIVE WTI CRUDE SUPPLY. WHAT THE HELL, OBAMA AND CONGRESS, ARE YOU EVER GOING TO REGULATE THESE BASTARD SPECULATORS, YOU BUNCH OF PHONIES?
Profile Pic
Jeannemarie
Champion Author Las Vegas

Posts:31,814
Points:2,459,190
Joined:Aug 2005
Message Posted: May 3, 2013 1:35:58 AM

That is humorous as I have stocks in several oil companies and the dividends keep coming. So I disbelieve all these worrying by the oil companies. Just want to get their digs in on us.
Profile Pic
Bill100
Champion Author Grand Rapids

Posts:45,349
Points:1,750,360
Joined:Jan 2010
Message Posted: May 3, 2013 1:05:05 AM

Give me a minute. I'll work up a tear for the oil companies.
Profile Pic
mia3bxs
All-Star Author Miami

Posts:517
Points:744,990
Joined:Jul 2011
Message Posted: May 3, 2013 1:00:31 AM

I'm not sure what to think....
Profile Pic
miteybear
Champion Author California

Posts:11,829
Points:2,116,570
Joined:Nov 2008
Message Posted: May 3, 2013 12:59:27 AM

better
Profile Pic
Buddy2264
Champion Author Tampa

Posts:14,354
Points:2,973,295
Joined:Oct 2005
Message Posted: May 3, 2013 12:57:58 AM

I am sure it will pick up as the summer driving season begins again.
Profile Pic
bolobill
Champion Author Michigan

Posts:18,611
Points:3,782,525
Joined:Mar 2004
Message Posted: May 3, 2013 12:56:27 AM

ok
Profile Pic
granitestater
Champion Author New Hampshire

Posts:12,051
Points:2,032,230
Joined:Oct 2008
Message Posted: May 3, 2013 12:54:37 AM

Nobody uses gasoline anymore...
Profile Pic
KrsnaDragon
Champion Author Montreal

Posts:5,200
Points:1,140,515
Joined:Nov 2011
Message Posted: May 3, 2013 12:50:48 AM

Speculation breeds despair.
Profile Pic
pgerassi
Champion Author Milwaukee

Posts:13,544
Points:2,744,340
Joined:Apr 2007
Message Posted: May 3, 2013 12:34:27 AM

Prices have risen here $0.40/gal in the last few weeks. Given this, with real supply and demand pricing, they should have dropped $0.40/gal instead. Ban CIFs and watch pump prices be halved plus many food and other commodities will see similar declines in retail prices.
Profile Pic
bvrbill
Champion Author Eugene

Posts:7,209
Points:1,131,275
Joined:Jul 2011
Message Posted: May 3, 2013 12:10:48 AM

It would be nice to see pump prices drop in response to the high inventories.
Profile Pic
judgemobile
Champion Author Ohio

Posts:10,206
Points:3,058,260
Joined:Nov 2005
Message Posted: May 3, 2013 12:09:52 AM

so why did prices JUMP 30 cents in ONE DAY in NW Ohio ??
Profile Pic
Bubba44612
Champion Author Ohio

Posts:9,953
Points:2,484,340
Joined:Aug 2005
Message Posted: May 3, 2013 12:08:52 AM

I hope the speculators are happy now and that the prices should drop like a rock. But wait gas just went up $.40 a gallon due to Greedway.
Profile Pic
Rageagainsttm
Champion Author Tampa

Posts:10,772
Points:2,495,210
Joined:Jul 2007
Message Posted: May 3, 2013 12:03:43 AM

Oh well.
Profile Pic
yyc2yow
Champion Author Ottawa

Posts:1,039
Points:656,095
Joined:Dec 2009
Message Posted: May 3, 2013 12:03:42 AM

finally
Profile Pic
regasaz
Champion Author Phoenix

Posts:7,091
Points:1,764,300
Joined:Dec 2006
Message Posted: May 3, 2013 12:03:20 AM

Anybody understand why we are increasing oil imports when we have so much oil available domestically?
Profile Pic
clermont40miles
Champion Author Cincinnati

Posts:13,959
Points:2,379,860
Joined:Apr 2008
Message Posted: May 2, 2013 11:58:25 PM

Speculators do as they wish regardless of supply or demand.
Profile Pic
fredtheturd
Sophomore Author Kansas

Posts:201
Points:448,225
Joined:May 2011
Message Posted: May 2, 2013 11:56:52 PM

This roller coaster ain't fun anymore
Profile Pic
rf6480
Champion Author Miami

Posts:2,383
Points:1,037,260
Joined:Mar 2011
Message Posted: May 2, 2013 11:53:15 PM

down yesterday back up about $3 today to $94. This after news that oil supplies were at record highs
Profile Pic
lin95688
Champion Author California

Posts:1,959
Points:756,395
Joined:Dec 2008
Message Posted: May 2, 2013 11:50:04 PM

the crude price just is back up today.
Profile Pic
kiatoindos
Champion Author Chicago

Posts:2,249
Points:524,905
Joined:Dec 2012
Message Posted: May 2, 2013 11:48:45 PM

Good now we have more to export
Profile Pic
vibdata
Champion Author Massachusetts

Posts:5,113
Points:1,068,280
Joined:Nov 2005
Message Posted: May 2, 2013 11:48:44 PM

They did not fall far and not far enough. And wholesale gas is still very expensive.
Profile Pic
Liv43kids
All-Star Author New Jersey

Posts:861
Points:364,370
Joined:Sep 2012
Message Posted: May 2, 2013 11:46:45 PM

OK
Profile Pic
nd73
Champion Author Grand Rapids

Posts:1,144
Points:527,890
Joined:May 2007
Message Posted: May 2, 2013 11:44:15 PM

Then why, pray tell, have we seen 4 price increases in the past 10 days here in Michigan??
Profile Pic
f250dieselrat
All-Star Author Florida

Posts:831
Points:424,375
Joined:May 2011
Message Posted: May 2, 2013 11:43:24 PM

It's just all part of the dance !
Profile Pic
hank1326
Champion Author Los Angeles

Posts:10,897
Points:2,300,030
Joined:Jun 2008
Message Posted: May 2, 2013 11:42:50 PM

Ditto to mstearno. Economy is sinking, we are getting raked and our clueless leader in DC is too busy with his agenda. God help us!
Profile Pic
DustyAL
Sophomore Author Birmingham

Posts:164
Points:959,030
Joined:Aug 2011
Message Posted: May 2, 2013 11:42:40 PM

If inventories are highest peak in 3-Decades, why isn't the price lower?
Profile Pic
abcdMA
Champion Author Worcester

Posts:10,507
Points:2,174,515
Joined:Nov 2008
Message Posted: May 2, 2013 11:41:02 PM

keep demand down
Profile Pic
bra0712
Champion Author Arizona

Posts:5,550
Points:1,346,610
Joined:Nov 2008
Message Posted: May 2, 2013 11:40:13 PM

Cool
Profile Pic
mstearno
Champion Author Dayton

Posts:9,537
Points:2,241,490
Joined:Jan 2008
Message Posted: May 2, 2013 11:34:56 PM

we are hosed
Profile Pic
SavALot
Champion Author Virginia Beach

Posts:10,606
Points:2,299,085
Joined:Apr 2005
Message Posted: May 2, 2013 11:31:14 PM

Common occurrence here
Profile Pic
us4usa
Champion Author Missouri

Posts:7,095
Points:1,493,920
Joined:May 2008
Message Posted: May 2, 2013 11:27:47 PM

Time for pump prices to drop...
Profile Pic
tdioiler
Champion Author Detroit

Posts:1,014
Points:731,500
Joined:Jul 2011
Message Posted: May 2, 2013 11:26:26 PM

Why did mine go up this week?
Profile Pic
prassu2012
Champion Author Illinois

Posts:3,057
Points:746,070
Joined:Dec 2012
Message Posted: May 2, 2013 11:26:04 PM

Ok
Profile Pic
MDTDriver
Champion Author California

Posts:11,742
Points:2,746,825
Joined:Jul 2006
Message Posted: May 2, 2013 11:22:19 PM

Good gas dropping is what I like.
Profile Pic
gasmack
Champion Author Ventura

Posts:3,599
Points:1,226,140
Joined:Feb 2011
Message Posted: May 2, 2013 11:21:33 PM

OK.
Profile Pic
s6sputnik
Champion Author Austin

Posts:7,622
Points:1,859,595
Joined:Jun 2007
Message Posted: May 2, 2013 11:18:29 PM

OK!
Profile Pic
WIWalt
Champion Author Wisconsin

Posts:4,257
Points:1,022,015
Joined:Mar 2012
Message Posted: May 2, 2013 11:15:28 PM

So instead of controlling output & lowering prices at the pump we now need to keep prices higher for storage fees
Profile Pic
sonicmustang
All-Star Author Alberta

Posts:637
Points:150,125
Joined:Dec 2010
Message Posted: May 2, 2013 11:13:54 PM

The word futures disturbs me
Profile Pic
BREW9
Champion Author Tampa

Posts:3,502
Points:3,523,935
Joined:Jun 2004
Message Posted: May 2, 2013 11:12:46 PM

prices climbing
Profile Pic
mrbee
Champion Author Little Rock

Posts:6,399
Points:3,077,055
Joined:Oct 2005
Message Posted: May 2, 2013 11:11:53 PM

Good!
Profile Pic
bonzoonfmb
Champion Author Florida

Posts:2,540
Points:888,110
Joined:Feb 2010
Message Posted: May 2, 2013 11:11:47 PM

Gas prices are too high.
Profile Pic
Is246
Champion Author Albuquerque

Posts:1,116
Points:779,575
Joined:Apr 2011
Message Posted: May 2, 2013 11:06:27 PM

keep them low
Profile Pic
sent4456
Champion Author Toronto

Posts:3,886
Points:2,728,695
Joined:Mar 2006
Message Posted: May 2, 2013 11:05:56 PM

Something will happen.
Profile Pic
scubadaniel
Champion Author Dayton

Posts:3,950
Points:1,296,640
Joined:Jan 2011
Message Posted: May 2, 2013 11:05:19 PM

And gas goes up.
Profile Pic
weenoo215
Champion Author Illinois

Posts:2,097
Points:284,390
Joined:Jan 2013
Message Posted: May 2, 2013 11:02:12 PM

ok
Post a reply Back to Topics