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Author Topic: Oil Price Stays Above $97 on Improving US Data Back to Topics
xgojim

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Michigan

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Message Posted: Jun 28, 2013 10:37:41 AM

The price of oil rose Friday as the U.S. economic outlook brightened and concerns eased about a credit crunch in China. Benchmark oil for August delivery was up 21 cents to $97.26 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose $1.55 to finish at $97.05 on Thursday after the U.S. government released data showing an increase in in consumer spending and home sales while jobless claims fell. "The truth to these markets are that they are lacking any good reason to go down," said Carl Larry of Oil Outlooks and Opinions. "We're starting to settle into a fair value and it's hard to argue lower." The number of Americans seeking unemployment benefits fell by 9,000 to a seasonally adjusted 346,000 last week, evidence that the job market is still improving m
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Tekkersmom57
Champion Author Syracuse

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Message Posted: Jun 28, 2013 6:07:08 PM

I don't know where they keep coming up with this positive economy information because the average consumer isn't feeling it!
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montpelier28
Champion Author Vermont

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Message Posted: Jun 28, 2013 5:14:19 PM

This was good new in an article above. Doesn't matter, won't last.
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streetdesign
Champion Author Illinois

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Message Posted: Jun 28, 2013 4:50:14 PM

There are still people unemployed so what is this about improved data. the high price of gas is not helping.
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velichita
Champion Author New Jersey

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Message Posted: Jun 28, 2013 4:42:56 PM

Where are these improvements?
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bwatchingu
Champion Author Arkansas

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Message Posted: Jun 28, 2013 2:26:38 PM

blah blah blah
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dr047
Champion Author Cleveland

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Message Posted: Jun 28, 2013 1:38:18 PM


When will OUR data improve?
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Jeff4U
Champion Author Atlanta

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Message Posted: Jun 28, 2013 1:28:12 PM

If they see improvement, take an axe to the economy by raising prices and profits. Greed wins again.
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kag2010
Champion Author Winnipeg

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Message Posted: Jun 28, 2013 1:06:53 PM

job market is still improving
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doggod
Champion Author Anchorage

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Message Posted: Jun 28, 2013 12:50:49 PM

Ho-hum.

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wrunner
Champion Author Virginia

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Message Posted: Jun 28, 2013 12:34:18 PM

It is $3.27 for regular gasonline around here and falling.

Speculators delight, profiteers rejoice.
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mastermariner
Champion Author Texas

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Message Posted: Jun 28, 2013 12:10:36 PM

Market reaction
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humblepie
Champion Author Toledo

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Message Posted: Jun 28, 2013 12:07:29 PM

all smoke and mirrors, this econom is in the dumper still
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Discovery02
Champion Author Colorado Springs

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Message Posted: Jun 28, 2013 11:12:39 AM

Just as soon as a little ray of sunshine shows through into our economy, the big oil cloud moves in to make things dark again.
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7SPEEDY7
Champion Author Flint

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Message Posted: Jun 28, 2013 10:43:47 AM

time 2 fill up
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xgojim
Champion Author Michigan

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Message Posted: Jun 28, 2013 10:38:59 AM

If you live in the midwest, buy your gas now because prices will certainly be going up soon. In this area, they have decreased to about 30 cents/gal less than when they started to increase. That is crazy! (but appreciated)
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