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Author Topic: Oil Price Rises Above $96 as Fed Fears Fade Back to Topics
xgojim

Champion Author
Michigan

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Message Posted: Jun 27, 2013 6:52:55 AM

The price of oil rose Thursday on expectations the Federal Reserve's monetary stimulus campaign will stay in place despite a vow to begin scaling it back. The official estimate of U.S. economic growth was Wednesday lowered to an annual rate of 1.8 percent for the January-March quarter, sharply down from a previous estimate of 2.4 percent. That raised hopes that the U.S. Federal Reserve will keep in place its bond buying program, which has been a boon to stock and commodity markets by lowering interest rates and weakening the dollar. The Fed has said its $85 billion a month of government bond purchases could be scaled back starting later this year if the economy keeps improving. Benchmark oil for August delivery was up 55 cents to $96.05 a barrel at late afternoon Bangkok time in electro
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52MPG
Champion Author Dayton

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Message Posted: Jun 28, 2013 10:06:22 AM

More government control.
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Night Owl
Champion Author Toronto

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Message Posted: Jun 27, 2013 1:02:48 PM

'The price of oil rose Thursday on expectations ...'

Yep, greedy Wall Street oil speculators and their oil futures.
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sarasotasingle
Champion Author Sarasota

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Message Posted: Jun 27, 2013 12:53:48 PM

This is my thought today...When the American people stand up and demand A source of affordable oil you will see oil prices slip.American oil development is expensive if you feel A few thousand US oil jobs are worth $4.oo+gal gas then stop complaining about the price.I belive low gas prices(if they stay low no more than $2.00gal)will promote TRUE job creation-in the millions of jobs.Drop all taxes on gas immediately,lets have A vote to buy out speculators(gasoline is much too necessary for this much fluctuation)Ill pay A thousand dollars today for that.Lets have oil companies guarantee A price for the year say $2.50gal to $2.75gal and if it goes higher prove why-is that to much to ask?We have the buying power of hundreds of millions of people.This is A world market why do we have no say at all?
If you agree Buddy me !!!
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doctorindyj
Champion Author Santa Fe

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Message Posted: Jun 27, 2013 11:45:53 AM

Weakening the dollar is not a good thing.
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Jeff4U
Champion Author Atlanta

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Message Posted: Jun 27, 2013 10:54:21 AM

To be expected.
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daytonabiker
Champion Author Florida

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Message Posted: Jun 27, 2013 10:22:38 AM

CHEVRON-CORP-Executive-Salaries:
J. S. Watson CEO,$22,278,928,
G. L. Kirkland Vice Chairman & Executive Vice President $10,745,761,
P. E. Yarrington Vice President & Chief Financial Officer,$6,623,497,
M. K. Wirth Executive Vice President,$6,641,519,
R. H. Pate Vice President & General Counsel,$4,930,403

http://www1.salary.com/CHEVRON-CORP-Executive-Salaries.html
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amerk73
Champion Author Dallas

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Message Posted: Jun 27, 2013 10:21:31 AM

oil price need drop to $84
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cdrrod
Champion Author Wisconsin

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Message Posted: Jun 27, 2013 9:41:22 AM

Oh yeah, just in time for the holidays. It's an American tradtion!
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scu227
Champion Author New Haven

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Message Posted: Jun 27, 2013 9:38:01 AM

MANIPULATION, SPECULATION and GREEEEEEEEEEED !!!!!
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kiatoindos
Champion Author Chicago

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Message Posted: Jun 27, 2013 9:35:36 AM

Gotta get the prices back up!
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mastermariner
Champion Author Texas

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Message Posted: Jun 27, 2013 9:13:53 AM

I guess you cant have it both ways
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GSKHY
Champion Author Montreal

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Message Posted: Jun 27, 2013 9:10:19 AM

following only the profit they are making and forgetting the end user
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IronMyShirt
Champion Author Akron

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Message Posted: Jun 27, 2013 9:03:01 AM

Translation: we know the news was bad but we've got some money to make so prices will still go up. Sorry if it doesn't work for you.
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BUSMAN1105
Champion Author Atlanta

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Message Posted: Jun 27, 2013 9:01:46 AM

NO NO GOING THE WRONG WAY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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gypsymom3
Champion Author New Jersey

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Message Posted: Jun 27, 2013 8:21:15 AM

hhhmmmm
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car253
Champion Author Ohio

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Message Posted: Jun 27, 2013 8:20:32 AM

No surprise!
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CobraJ
Champion Author Tampa

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Message Posted: Jun 27, 2013 8:19:21 AM

I knew this price drop was just a farce. It didn't take long for it to go back up because of another stupid reason.

[Edited by: CobraJ at 6/27/2013 8:19:59 AM EST]
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JerryJoeUC
Champion Author San Antonio

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Message Posted: Jun 27, 2013 8:18:21 AM

Surprise?
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AVKZ
Champion Author Kalamazoo

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Message Posted: Jun 27, 2013 8:16:54 AM

What are they thinking?
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zuess28
Champion Author Allentown

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Message Posted: Jun 27, 2013 8:08:37 AM

The economy improving, what a joke.
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humblepie
Champion Author Toledo

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Message Posted: Jun 27, 2013 8:06:04 AM

and this surprise's whom ????????????????????
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Buickdriver7
Champion Author Ontario

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Message Posted: Jun 27, 2013 7:46:14 AM

So much for yesterday's predictions of $65 to $80 oil!!
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Peachy1
Champion Author St. Louis

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Message Posted: Jun 27, 2013 7:44:39 AM

Well of course, it's that time of the week that oil prices should be going up. Any reason, any excuse, that's the Fed.
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FPLREP
Champion Author Virginia

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Message Posted: Jun 27, 2013 7:44:18 AM

Fed keeps interest low, banks/speculators can borrow money for free and bid up price of oil.
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scottyiam
Champion Author Reading

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Message Posted: Jun 27, 2013 7:27:34 AM

roller coaster is still working
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00MrSlate00
Champion Author Illinois

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Message Posted: Jun 27, 2013 7:20:54 AM

Ok
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el_fr
Champion Author Massachusetts

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Message Posted: Jun 27, 2013 7:15:42 AM

Argh!
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335d1
Champion Author Virginia

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Message Posted: Jun 27, 2013 7:13:50 AM

Gas prices to follow this trend.
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NilesBishop
Champion Author Philadelphia

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Message Posted: Jun 27, 2013 7:09:45 AM

As usual, the Fed has no idea what it is doing.
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Rappcommuter
All-Star Author Virginia

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Message Posted: Jun 27, 2013 7:08:44 AM

It is amazing how just about any news can be used to justify a raise oil prices.
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Rockyguitar
Champion Author Tampa

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Message Posted: Jun 27, 2013 7:08:14 AM

Every other day...oil prices to fall soon
Followed by every other other day...oil prices on the rise
WHY BOTHER????????????????????
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dandvicb
Champion Author Bridgeport

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Message Posted: Jun 27, 2013 7:03:10 AM

PURE GREED & market manipulation!!

SPECULATORS!!!
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gs7101
Champion Author San Antonio

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Message Posted: Jun 27, 2013 7:02:50 AM

Another excuse to increas oil prices!
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werich44
Champion Author California

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Message Posted: Jun 27, 2013 6:54:54 AM

No surprises here.
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xgojim
Champion Author Michigan

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Message Posted: Jun 27, 2013 6:53:38 AM

Your morning oil rice advisory. Going up again today.
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