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Author Topic: Oil erases gain, ends down 8 cents at $97.77 Back to Topics
Sanpoil
Champion Author
Spokane

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Points:904,550
Joined:Jun 2012
Message Posted: Jun 17, 2013 3:12:22 PM

Crude oil for July delivery CLN3 -0.02% on Monday dipped 8 cents to settle at $97.77 a barrel, after spending most of the day showing a gain on concerns about the rising tensions in Syria. The contract appeared to erase its gain after the Financial Times reported that Federal Reserve Chairman Ben Bernanke plans to disclose he is "close to tapering down its $85 billion-a-month in asset purchases when he holds a press conference on Wednesday."
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REPLIES (newest first) Post a Reply
bston
Champion Author Oklahoma City

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Points:1,417,450
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Message Posted: Jun 18, 2013 3:44:52 PM

8 cents....what's that in the grand scheme of things?!
dandvicb
Champion Author Bridgeport

Posts:3,319
Points:1,775,865
Joined:Jul 2004
Message Posted: Jun 18, 2013 6:42:48 AM

Awwwwwww pooooooooooooooooooooor SPECULATORS!!!
hokieburgh
Champion Author Virginia

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Message Posted: Jun 18, 2013 4:44:51 AM

hopefully a trend down developing
andy1024
Champion Author Allentown

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Message Posted: Jun 18, 2013 12:14:59 AM

The oil prices has been stayed so high for so long.
amerk73
Champion Author Dallas

Posts:10,247
Points:2,397,405
Joined:Oct 2008
Message Posted: Jun 17, 2013 10:24:29 PM

now Crude Oil at
$97.89
amerk73
Champion Author Dallas

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Points:2,397,405
Joined:Oct 2008
Message Posted: Jun 17, 2013 10:23:49 PM

up down
MrLefty0706
Champion Author Chicago

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Message Posted: Jun 17, 2013 10:23:15 PM

One would think that the other Middle Eastern countries would want the Syrian unrest settled as quickly as possible and any leader willing to use chemical weapons on fellow countrymen needs to be removed.
Tekkersmom57
Champion Author Syracuse

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Message Posted: Jun 17, 2013 8:43:07 PM

Very true, "sanpoil".
lonewolf_947
Champion Author New Hampshire

Posts:1,482
Points:644,235
Joined:Mar 2011
Message Posted: Jun 17, 2013 6:42:27 PM

why are prices of gas in other states dropping & not affecting here..... in fact, it went up a few days ago here......
GreatGraphics
Veteran Author New Jersey

Posts:353
Points:689,545
Joined:Feb 2013
Message Posted: Jun 17, 2013 5:50:00 PM

The lower the cost per gallon results in less influence to invest in renewable energy solutions. Adversely, the higher the cost per barrel allows for investment in solar, for example. Summary: invest in oil around 95 per barrel. Invest in alternative energy at 112.
335d1
Champion Author Virginia

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Message Posted: Jun 17, 2013 5:47:35 PM

No effect on gas prices.
mastermariner
Champion Author Texas

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Message Posted: Jun 17, 2013 5:32:42 PM

Normal market
USMCturtlehead
Champion Author Lexington

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Message Posted: Jun 17, 2013 4:49:07 PM

Buy, Sell oh what to do?
FocusST2
Champion Author North Carolina

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Message Posted: Jun 17, 2013 4:40:10 PM

Come on $50!!!!
Pielededrac
Champion Author Florida

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Message Posted: Jun 17, 2013 4:02:21 PM

It's at 97.83 at 4:00PM.
humblepie
Champion Author Toledo

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Message Posted: Jun 17, 2013 4:02:12 PM

up before market closes i bet
thizben
All-Star Author Phoenix

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Joined:May 2011
Message Posted: Jun 17, 2013 3:59:17 PM

drop at the pump?
gizbo123
Champion Author Los Angeles

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Message Posted: Jun 17, 2013 3:39:03 PM

It's erased after i buy gas.
cwashi3324
Champion Author Cincinnati

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Joined:May 2009
Message Posted: Jun 17, 2013 3:38:36 PM

I still isn't low enough to suit most of us.
Sanpoil
Champion Author Spokane

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Points:904,550
Joined:Jun 2012
Message Posted: Jun 17, 2013 3:37:40 PM

Speculators still win no matter how much we conserve.
MN1
Champion Author Twin Cities

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Message Posted: Jun 17, 2013 3:28:09 PM

Good, lets see a drop at the pumps.
Vetteblu
Champion Author Denver

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Message Posted: Jun 17, 2013 3:25:12 PM

It doesn't matter at the pump.
Fleabite44
Champion Author Maryland

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Joined:Feb 2012
Message Posted: Jun 17, 2013 3:24:06 PM

Big deal!
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