Not Logged In Log In   Sign Up   Points Leaders
Follow Us    3:11 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
honda0105
Champion Author Tallahassee

Posts:24,320
Points:2,439,915
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.
honda0105
Champion Author Tallahassee

Posts:24,320
Points:2,439,915
Joined:Nov 2008
Message Posted: May 5, 2013 12:02:16 AM

Welcome to PigOil greed, HIGuy.
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
sjf238
Champion Author Philadelphia

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

Good!!
eomc17
Champion Author Tucson

Posts:2,218
Points:158,010
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?
Jeannemarie
Champion Author Las Vegas

Posts:34,035
Points:2,653,180
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.
Bill100
Champion Author Grand Rapids

Posts:46,081
Points:1,924,955
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.
mia3bxs
All-Star Author Miami

Posts:517
Points:884,590
Joined:Jul 2011
Message Posted: May 3, 2013 1:00:31 AM

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

Posts:11,928
Points:2,269,910
Joined:Nov 2008
Message Posted: May 3, 2013 12:59:27 AM

better
Buddy2264
Champion Author Tampa

Posts:15,130
Points:3,200,245
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.
bolobill
Champion Author Michigan

Posts:19,358
Points:3,981,250
Joined:Mar 2004
Message Posted: May 3, 2013 12:56:27 AM

ok
granitestater
Champion Author New Hampshire

Posts:13,020
Points:2,230,955
Joined:Oct 2008
Message Posted: May 3, 2013 12:54:37 AM

Nobody uses gasoline anymore...
KrsnaDragon
Champion Author Montreal

Posts:6,170
Points:1,340,025
Joined:Nov 2011
Message Posted: May 3, 2013 12:50:48 AM

Speculation breeds despair.
pgerassi
Champion Author Milwaukee

Posts:14,287
Points:2,940,320
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.
bvrbill
Champion Author Eugene

Posts:8,436
Points:1,352,125
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.
judgemobile
Champion Author Ohio

Posts:10,959
Points:3,267,150
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 ??
Bubba44612
Champion Author Ohio

Posts:10,689
Points:2,700,160
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.
Rageagainsttm
Champion Author Tampa

Posts:11,479
Points:2,691,105
Joined:Jul 2007
Message Posted: May 3, 2013 12:03:43 AM

Oh well.
yyc2yow
Champion Author Ottawa

Posts:1,043
Points:690,575
Joined:Dec 2009
Message Posted: May 3, 2013 12:03:42 AM

finally
regasaz
Champion Author Phoenix

Posts:7,836
Points:1,983,825
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?
clermont40miles
Champion Author Cincinnati

Posts:14,839
Points:2,579,325
Joined:Apr 2008
Message Posted: May 2, 2013 11:58:25 PM

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

Posts:201
Points:499,025
Joined:May 2011
Message Posted: May 2, 2013 11:56:52 PM

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

Posts:2,558
Points:1,202,760
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
lin95688
Champion Author California

Posts:2,679
Points:968,220
Joined:Dec 2008
Message Posted: May 2, 2013 11:50:04 PM

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

Posts:2,356
Points:704,035
Joined:Dec 2012
Message Posted: May 2, 2013 11:48:45 PM

Good now we have more to export
vibdata
Champion Author Massachusetts

Posts:5,141
Points:1,080,015
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.
Liv43kids
Champion Author New Jersey

Posts:1,194
Points:396,205
Joined:Sep 2012
Message Posted: May 2, 2013 11:46:45 PM

OK
nd73
Champion Author Grand Rapids

Posts:1,145
Points:537,085
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??
f250dieselrat
All-Star Author Florida

Posts:856
Points:451,200
Joined:May 2011
Message Posted: May 2, 2013 11:43:24 PM

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

Posts:11,322
Points:2,482,610
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!
DustyAL
All-Star Author Birmingham

Posts:663
Points:1,174,310
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?
abcdMA
Champion Author Worcester

Posts:11,257
Points:2,374,465
Joined:Nov 2008
Message Posted: May 2, 2013 11:41:02 PM

keep demand down
bra0712
Champion Author Arizona

Posts:5,760
Points:1,453,815
Joined:Nov 2008
Message Posted: May 2, 2013 11:40:13 PM

Cool
mstearno
Champion Author Dayton

Posts:9,694
Points:2,375,135
Joined:Jan 2008
Message Posted: May 2, 2013 11:34:56 PM

we are hosed
SavALot
Champion Author Virginia Beach

Posts:10,870
Points:2,475,035
Joined:Apr 2005
Message Posted: May 2, 2013 11:31:14 PM

Common occurrence here
us4usa
Champion Author Missouri

Posts:7,179
Points:1,593,920
Joined:May 2008
Message Posted: May 2, 2013 11:27:47 PM

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

Posts:1,029
Points:830,750
Joined:Jul 2011
Message Posted: May 2, 2013 11:26:26 PM

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

Posts:3,704
Points:941,740
Joined:Dec 2012
Message Posted: May 2, 2013 11:26:04 PM

Ok
MDTDriver
Champion Author California

Posts:11,947
Points:2,953,525
Joined:Jul 2006
Message Posted: May 2, 2013 11:22:19 PM

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

Posts:4,151
Points:1,410,330
Joined:Feb 2011
Message Posted: May 2, 2013 11:21:33 PM

OK.
s6sputnik
Champion Author Austin

Posts:7,837
Points:2,032,450
Joined:Jun 2007
Message Posted: May 2, 2013 11:18:29 PM

OK!
WIWalt
Champion Author Wisconsin

Posts:5,007
Points:1,221,620
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
sonicmustang
All-Star Author Alberta

Posts:637
Points:150,925
Joined:Dec 2010
Message Posted: May 2, 2013 11:13:54 PM

The word futures disturbs me
BREW9
Champion Author Tampa

Posts:4,252
Points:3,723,885
Joined:Jun 2004
Message Posted: May 2, 2013 11:12:46 PM

prices climbing
mrbee
Champion Author Little Rock

Posts:7,145
Points:3,299,380
Joined:Oct 2005
Message Posted: May 2, 2013 11:11:53 PM

Good!
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.
Is246
Champion Author Albuquerque

Posts:1,118
Points:889,365
Joined:Apr 2011
Message Posted: May 2, 2013 11:06:27 PM

keep them low
sent4456
Champion Author Toronto

Posts:4,628
Points:2,924,180
Joined:Mar 2006
Message Posted: May 2, 2013 11:05:56 PM

Something will happen.
scubadaniel
Champion Author Dayton

Posts:4,659
Points:1,509,495
Joined:Jan 2011
Message Posted: May 2, 2013 11:05:19 PM

And gas goes up.
weenoo215
Champion Author Illinois

Posts:2,301
Points:318,015
Joined:Jan 2013
Message Posted: May 2, 2013 11:02:12 PM

ok
Lukus
Champion Author Halifax

Posts:11,494
Points:2,460,340
Joined:Nov 2007
Message Posted: May 2, 2013 11:01:38 PM

ok
Post a reply Back to Topics