Not Logged In Log In   Sign Up   Points Leaders
Follow Us    7:56 AM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil Price Stays Above $97 on Improving US Data Back to Topics
xgojim
Champion Author
Michigan

Posts:2,127
Points:1,177,655
Joined:Mar 2011
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
Visit ABC News for full article
REPLIES (newest first) Post a Reply
Tekkersmom57
Champion Author Syracuse

Posts:5,220
Points:1,521,740
Joined:May 2010
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!
montpelier28
Champion Author Vermont

Posts:3,851
Points:1,562,800
Joined:Apr 2010
Message Posted: Jun 28, 2013 5:14:19 PM

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

Posts:3,578
Points:1,365,310
Joined:May 2011
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.
velichita
Champion Author New Jersey

Posts:3,240
Points:913,505
Joined:Dec 2012
Message Posted: Jun 28, 2013 4:42:56 PM

Where are these improvements?
bwatchingu
Champion Author Arkansas

Posts:5,070
Points:1,408,975
Joined:Jan 2009
Message Posted: Jun 28, 2013 2:26:38 PM

blah blah blah
dr047
Champion Author Cleveland

Posts:5,687
Points:1,261,340
Joined:Aug 2010
Message Posted: Jun 28, 2013 1:38:18 PM


When will OUR data improve?
Jeff4U
Champion Author Atlanta

Posts:12,423
Points:2,661,095
Joined:Nov 2004
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.
kag2010
Champion Author Winnipeg

Posts:7,758
Points:1,731,935
Joined:Apr 2010
Message Posted: Jun 28, 2013 1:06:53 PM

job market is still improving
doggod
Champion Author Anchorage

Posts:4,340
Points:1,067,560
Joined:May 2009
Message Posted: Jun 28, 2013 12:50:49 PM

Ho-hum.

wrunner
Champion Author Virginia

Posts:7,902
Points:1,945,050
Joined:Dec 2009
Message Posted: Jun 28, 2013 12:34:18 PM

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

Speculators delight, profiteers rejoice.
mastermariner
Champion Author Texas

Posts:13,466
Points:1,286,240
Joined:Jun 2011
Message Posted: Jun 28, 2013 12:10:36 PM

Market reaction
humblepie
Champion Author Toledo

Posts:65,004
Points:3,182,070
Joined:Mar 2006
Message Posted: Jun 28, 2013 12:07:29 PM

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

Posts:8,865
Points:1,086,845
Joined:May 2012
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.
7SPEEDY7
Champion Author Flint

Posts:4,263
Points:1,414,295
Joined:May 2011
Message Posted: Jun 28, 2013 10:43:47 AM

time 2 fill up
xgojim
Champion Author Michigan

Posts:2,127
Points:1,177,655
Joined:Mar 2011
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)
Post a reply Back to Topics