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Author Topic: Oil prices slide 2 pct on proposal to avert Syria strike Back to Topics
doc2son

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Missouri

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Message Posted: Sep 9, 2013 5:12:15 PM

Oil Prices Decline
Visit Reuters for full article
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doc2son
Champion Author Missouri

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Message Posted: Sep 12, 2014 6:27:01 PM

Oil Prices Decline Update-NEW YORK, Sept 12(Reuters) - Crude oil prices fell on Friday on pressure from weak demand, ample supplies and a strong dollar.

Taking what traders called a "wild ride," U.S. crude prices fell in the morning but reversed course to hold higher for most of the afternoon, only to fall again by settlement.

Brent futures for October fell 97 cents to settle at $97.11 a barrel, the biggest weekly loss since the week to July 11. The contract expires on Monday, adding to pressure as traders roll positions. The November contract fell 90 cents to $97.96 a barrel.

U.S. crude fell 56 cents to settle at $92.27 a barrel. Brent's premium over U.S. crude CL-LCO1=R narrowed to $4.84.

During the day, the arb touched as low as $4.15, the narrowest intraday arbitrage since April 14.

Enjoy your weekend :)
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doc2son
Champion Author Missouri

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Message Posted: Sep 5, 2014 5:23:34 PM

Oil Prices Decline Update -- NEW YORK, Sept 5 (Reuters) - Crude oil futures fell on Friday and ended the week more than 2 percent lower as disappointing jobs data from the United States cast doubt about the strength of economic growth in the world's biggest oil-consuming economy.

Brent crude for October delivery fell $1.01 to settle at $100.82 a barrel, having dropped to $100.35 intraday. The last time Brent was priced under $100 was in June 2013.

U.S. October crude fell $1.16 to settle at $93.29 a barrel.

The weekly drop was Brent's third in four weeks and the sixth in the past seven weeks for U.S. crude.

Enjoy your weekend Everyone :o)

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doc2son
Champion Author Missouri

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Message Posted: Aug 14, 2014 6:28:18 PM

Oil Prices Decline Update -- Aug 14 (Reuters) - Crude oil prices fell more than $2 a barrel on both sides of the Atlantic on Thursday, sunk by weak economic data hinting at softening oil demand and by ample supplies.

Brent and U.S. crude futures were already pressured by weak European economic data and ample global oil supply, despite conflicts in Iraq and Libya.

Brent crude for delivery in September settled down $2.27 at $102.01 after dropping to a low of $101.92 , the lowest since July 2013.

The October Brent contract lost $2.99 to settle at $102.07.

U.S. crude contract settled down $2.01 at $95.58 a barrel.

Enjoy your evening :)

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doc2son
Champion Author Missouri

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Message Posted: Aug 1, 2014 5:45:19 PM

NEW YORK, Aug 1 (Reuters) - Brent and U.S. crude futures tumbled on Friday to the lowest settlement prices in months, as oversupply in the Atlantic basin and low demand outweighed worries over political tensions in the Middle East, North Africa and Ukraine.

Oil prices ended the week down more than 3 percent, as forecasts for a supply glut in West African and European markets dragged Brent below $105 a barrel and U.S. crude below $98.

Brent crude slid $1.18 to settle at $104.84 a barrel, its lowest settlement since April 2.

U.S. crude fell 29 cents to settle at $97.88 a barrel, the lowest settlement since Feb. 6. U.S. crude notched its biggest weekly decline since January, almost 4.5 percent.

Enjoy your weekend
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doc2son
Champion Author Missouri

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Message Posted: Jul 11, 2014 6:31:12 PM

NEW YORK, July 11 (Reuters) - Brent oil hit a three-month low on Friday, extending losses for the third week in a row as fears about supply shortages in the Middle East and North Africa continued to recede.

The North Sea benchmark slipped below $107 per barrel, posting its steepest weekly decline since January, as evaporating geopolitical risk drove selling. The drop also hit U.S. crude futures, which fell to a two-month low under $101.

Brent lost $2.01 to settle at $106.66 a barrel, the lowest since April 7. It has dropped about 3.7 percent since the beginning of the week, the steepest slide since early January.

U.S. crude lost $2.10 cents to settle at $100.83, the lowest since May 12. It is down about 3.2 percent since the beginning of the week, the sharpest drop in almost two months.

Enjoy your weekend :)

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doc2son
Champion Author Missouri

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Message Posted: Jul 1, 2014 6:25:53 PM

NEW YORK, July 1 (Reuters) - Crude oil prices dipped slightly on Tuesday on easing concerns of supply disruptions due to the conflicts in Iraq and Ukraine, whilst gaining some support from upbeat manufacturing data in China, the world's second-biggest oil consumer.

"The market has been on a downtrend since peaking last week," said Dominick Chirichella of the Energy Management Institute in New York. "The latest data from China is interesting: it's not going to result in a big surge in oil demand anytime soon, but it's a baby step in the right direction."

Brent crude lost 7 cents to end at $112.29 a barrel, the lowest settlement since June 12.

U.S. oil lost 3 cents to settle at $105.34 a barrel, also the lowest point since June 12.

Happy July Everyone :)

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doc2son
Champion Author Missouri

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Message Posted: Jun 23, 2014 12:03:39 PM

LONDON, June 23 (Reuters) - Brent crude dipped below $114 a barrel on Monday as worries about disruptions to Iraqi crude supplies began to look overdone given that exports have so far been unaffected by a Sunni Islamist insurgency.

Brent was down 90 cents at $113.91 by 1336 GMT, off an intraday high of $115.66. U.S. crude for August delivery was down 54 cents at $106.29, after touching $107.45 earlier in the session. The July contract expired on Friday.

Traders and analysts said that the rally had faltered as the market was becoming desensitised to the news out of Iraq. Although insurgents made further gains at the weekend Iraq's crude exports have not yet been slowed by the conflict.

"There is some bailing (out) going on," a futures broker said. The latest ICE Brent data showed that speculators had raised their net long positions to their highest level since September 2013 last week. Traders and analysts suggested some were now taking profits.

Data showed that Iraq's oil exports from its southern terminals are near record rates so far in June at around 2.53 million barrels per day, despite the Sunni insurgency.

Happy Summer Everyone :o)
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ink62
Champion Author Chicago

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Message Posted: Jun 5, 2014 4:25:23 PM

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ink62
Champion Author Chicago

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Message Posted: Jun 5, 2014 11:41:33 AM

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ink62
Champion Author Chicago

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Message Posted: Jun 1, 2014 1:56:31 PM

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doc2son
Champion Author Missouri

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Message Posted: Apr 26, 2014 2:35:23 PM

NEW YORK, April 25 (Reuters) - Crude oil futures shrugged off a barrage of threats and demands between Western powers and Russia over the crisis in Ukraine, slipping ahead of the weekend on profit taking and healthy supplies in North America.

Brent settled at $109.58 a barrel, 75 cents, or 0.68 percent lower, while U.S. crude settled $1.34, or 1.31 percent, lower at $100.60.

Enjoy your weekend
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doc2son
Champion Author Missouri

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Message Posted: Mar 12, 2014 5:05:26 PM

NEW YORK, March 12 (Reuters) - U.S. crude oil fell by more than 2 percent on Wednesday, its biggest drop in two months, after the United States announced unexpected plans for a test release of strategic oil reserves while weekly data showed a big rise in crude stockpiles.

U.S. crude settled $2.04 lower at $97.99 a barrel, below the 50-day moving average of $98.32 by midday.

Brent crude oil futures settled about 53 cents lower at $108.02 per barrel.

Brent's premium over U.S. crude CL-LCO1=R settled $1.51 wider at $10.03, the first time it settled above $10 since Jan. 29.

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PAA64
Champion Author Cincinnati

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Message Posted: Jan 9, 2014 12:33:33 AM

interesting
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doc2son
Champion Author Missouri

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Message Posted: Jan 2, 2014 3:12:45 PM

NEW YORK, Jan 2 (Reuters) - Oil prices fell by more than $2 on Thursday as Libya prepared to restart a major oilfield and on speculation of a sharp rise in crude stockpiles in Cushing, Oklahoma.

Happy New Year :)
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doc2son
Champion Author Missouri

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Message Posted: Nov 26, 2013 3:14:45 PM

Nov 26 (Reuters) - Brent crude oil futures rose in choppy trading on Tuesday, as investors concluded that a deal between Iran and world powers would bring no immediate increase in crude supplies and Libyan oil workers went on strike in Benghazi.

Front-month Brent crude rose 21 cents to $111.21 a barrel by 1:14 p.m. EST (1814 GMT). It plunged as much as $3 on Monday but recouped most of those losses to end 5 cents down.

U.S. oil fell 12 cents to $93.97, hovering between the 10-and-15-day moving averages of $93.96 and $94.09.

Enjoy the rest of your day :)
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lesndave
Champion Author Texas

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Message Posted: Sep 10, 2013 10:09:09 PM

Hmmmmm
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DanMtz
Champion Author Oakland

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Message Posted: Sep 10, 2013 6:54:35 PM

It's a start.
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52MPG
Champion Author Dayton

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Message Posted: Sep 10, 2013 3:56:40 PM

BO will figure out a way to screw things up again.
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scu227
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Message Posted: Sep 10, 2013 9:26:20 AM

They need to slide a lot more !!!!!!!
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doc2son
Champion Author Missouri

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Message Posted: Sep 10, 2013 9:14:25 AM


Early Tuesday--Oil at two-week low near $112 as expectations of Syria strike ebb
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kiatoindos
Champion Author Chicago

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Message Posted: Sep 10, 2013 8:19:29 AM

At least putin seems to know what he's doing mabey he can defuse this whole situation!
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Grizdad
Champion Author Montana

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Message Posted: Sep 10, 2013 8:10:43 AM

Good. We have enough problems here at home.
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VMIJim
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Message Posted: Sep 10, 2013 7:42:21 AM

Just another smoke screen orchestrated by the Obama Administration amid all the lies, coverups, scandals & indecisiveness. The bottom line is that Obama has done nothing to control fuel speculation/prices, reduce our dependence on foreign fuels, or improve our economy. His sole agenda is to cater to his tree hugging, stimulus sucking, union dominated, ultra liberal major contributors. As a result, we continue to screwed at the pump, with our utilities, & with our taxes. Nothing will change as long as Obama is in office & controls the Senate. 2014 Elections are coming - stop this madness!!
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dandvicb
Champion Author Bridgeport

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Message Posted: Sep 10, 2013 7:15:42 AM

It's all about the Speculator's, Greed & Market Manipulation!!
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txequitygas
Champion Author Houston

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Message Posted: Sep 10, 2013 2:13:36 AM

just wait obummer has the word tomorrow
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1momsunshine
Champion Author Ottawa

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Message Posted: Sep 10, 2013 12:26:28 AM

ok
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leeac
Champion Author Ohio

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Message Posted: Sep 10, 2013 12:21:49 AM

Demand is down. Price is down.
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rahcat
Champion Author Grand Rapids

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Message Posted: Sep 10, 2013 12:06:13 AM

Won't last long.
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Night Owl
Champion Author Toronto

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Message Posted: Sep 9, 2013 11:19:55 PM

Keep falling! Oil prices are still double what they would be if oil speculators didn't control oil prices with their oil futures.
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alterman156
Champion Author New York

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Message Posted: Sep 9, 2013 9:33:52 PM

Will gasoline prices go down?
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Rayfuel
All-Star Author Houston

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Message Posted: Sep 9, 2013 9:08:27 PM

Market!
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amerk73
Champion Author Dallas

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Message Posted: Sep 9, 2013 8:46:32 PM

now Crude Oil at
$109.52
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Jeff4U
Champion Author Atlanta

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Message Posted: Sep 9, 2013 7:23:45 PM

From $110.53 to the current $108.57 - still an insanely high undeserving price.
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bwatchingu
Champion Author Arkansas

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Message Posted: Sep 9, 2013 7:06:00 PM

hmmm
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Lugi1967
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Message Posted: Sep 9, 2013 6:51:48 PM

Obama seems bent on attack for who knows why
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humblepie
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Message Posted: Sep 9, 2013 6:36:11 PM

the big owe has his mind made up
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andy1024
Champion Author Allentown

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Message Posted: Sep 9, 2013 6:25:29 PM

The proposal to keep Syria's chemical weapons under international control was a brilliant idea. Why did it take Russia to come up with such a proposal while our only response is to fire the missiles?
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mastermariner
Champion Author Texas

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Message Posted: Sep 9, 2013 6:05:12 PM

For how long?
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crep1291
Champion Author Ottawa

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Message Posted: Sep 9, 2013 5:48:57 PM

"80% of Americans do not support military attack. "

Not sure where you get your numbers... the article says 63%.
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VanIsleRover
Champion Author British Columbia

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Message Posted: Sep 9, 2013 5:45:30 PM

Bring our troops home.
From everywhere.
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tnfran
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Message Posted: Sep 9, 2013 5:40:56 PM

Whether we like it or not it will eventually happen .
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velichita
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Message Posted: Sep 9, 2013 5:15:48 PM

80% of Americans do not support military attack. I even don't mention about the other world.
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