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Author Topic: Oil prices start year with rise on demand hopes Back to Topics
mastermariner

Champion Author
Texas

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Message Posted: Jan 2, 2014 6:19:58 AM

Oil prices started the new year Thursday with a gain amid hopes for stronger demand following a 7 percent surge in 2013.

Benchmark oil added 28 cents to $98.70 on the New York Mercantile Exchange.

Hopes for the solid demand in coming months are pegged to the signs of a recovery in the U.S., which is expected to help revive other major global economies.

Brent crude, a benchmark used to price international crudes used by many U.S. refiners, added 28 cents to $111.08.

In other energy futures trading:

โ€” Natural gas futures were little changed at $4.24 per thousand cubic feet.

โ€” Heating oil was also little changed at $3.07 a gallon.

โ€” Wholesale gasoline was unchanged at $2.79 a gallon.

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REPLIES (newest first) Post a Reply
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POWERSTROKE7.3L
Champion Author Washington

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Message Posted: Jan 3, 2014 9:51:11 AM

Cold weather more demand.
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CheapDiesel
Champion Author Indianapolis

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Message Posted: Jan 2, 2014 7:38:17 PM

That is all the better excuse the speculators can come up with is the old, worn out "demand hopes" excuse? How long have they been claiming "signs of a recovery" in the US? They must be using the cooked government figures. How about looking at the records numbers on foodstamps and reduced work hours / layoffs due to Obamacare.
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cdanielwyke
Champion Author Greensboro

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Message Posted: Jan 2, 2014 3:12:03 PM

Well that turned around quickly.
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Discovery02
Champion Author Colorado Springs

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Message Posted: Jan 2, 2014 12:48:16 PM

So Big Oil raised the price of oil (and ultimately gas) because they think we're all doing so much better financially that we can afford to give them more money. They must be watchign a different US Economy than the one I find myself working in.
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gs7101
Champion Author San Antonio

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Message Posted: Jan 2, 2014 12:38:07 PM

Gotta love speculation; its just that!
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ObieDog
Champion Author Maryland

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Message Posted: Jan 2, 2014 12:29:02 PM

Nooooooo!
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Zeke33
Champion Author New Hampshire

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Message Posted: Jan 2, 2014 12:12:26 PM

Everyone CONSERVE and we'll make those speculators wrong.
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bwatchingu
Champion Author Arkansas

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Message Posted: Jan 2, 2014 11:52:46 AM

At 10:49 am CST Jan 2,2014,WTI is down $1.96,BRENT down $2.15,RBOB gas down over 5ยข.
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DLCarpernet
Champion Author Phoenix

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Message Posted: Jan 2, 2014 11:14:25 AM

Greed & speculators . . . and any other excuse to raise prices.
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rjojo40AL
Champion Author Nevada

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Message Posted: Jan 2, 2014 10:52:31 AM

here it's rising faster then the snow in chicago.
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mdcsgt
Champion Author South Carolina

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Message Posted: Jan 2, 2014 10:50:25 AM

Short-lived gain. WTI Crude is DOWN $1.61 this morning!!! FALL, baby fall!!
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moose21040
Veteran Author Baltimore

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Message Posted: Jan 2, 2014 10:31:03 AM

Up,up and away!
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montpelier28
Champion Author Vermont

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Message Posted: Jan 2, 2014 10:26:45 AM

In winter demand is a necessity isn't it.
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car253
Champion Author Ohio

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Message Posted: Jan 2, 2014 10:25:11 AM

Any excuse will do to raise prices.
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daytonabiker
Champion Author Florida

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Message Posted: Jan 2, 2014 10:13:52 AM

gasoline went up to 3.49 since new years eve in daytona beach florida
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Buckeyee
Champion Author Maine

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Message Posted: Jan 2, 2014 10:00:45 AM

Just paid $3.65 gal for heating oil yesterday !!
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scu227
Champion Author New Haven

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Message Posted: Jan 2, 2014 9:59:16 AM

Now we are raising prices on a HOPE DEMAND INCREASES. This is just ridiculous.

If we hope demand goes down do we get a price reduction ????
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Luckylindy
Champion Author Milwaukee

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Message Posted: Jan 2, 2014 9:45:43 AM

It raises on hopes? Good grief.
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Bobmilan
Champion Author Louisville

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Message Posted: Jan 2, 2014 9:41:13 AM

Free market working in spite of gov't regulation chains.
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johnpuh
Champion Author Ohio

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Message Posted: Jan 2, 2014 9:31:49 AM

If the hope theory works, then I'll hope that I win the lottery and see how that works out.
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Anty57
Champion Author Montreal

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Message Posted: Jan 2, 2014 9:13:20 AM

ok
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Sanpoil
Champion Author Spokane

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Message Posted: Jan 2, 2014 8:34:18 AM

Speculators are sucking us dry.
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AVKZ
Champion Author Kalamazoo

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Message Posted: Jan 2, 2014 8:32:55 AM

I hope I'll strike it rich. It doesn't mean anything.
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infinititom
Champion Author Dallas

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Message Posted: Jan 2, 2014 8:32:17 AM

One day does not make a trend.
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radbadtz
Champion Author Halifax

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Message Posted: Jan 2, 2014 8:26:28 AM

Free market economy makes all this possible, and makes America great! Those speculators need to feed the kids as well, right?
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jdda
Champion Author Alberta

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Message Posted: Jan 2, 2014 8:19:38 AM

Prices rose here to start 2014
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streetdesign
Champion Author Illinois

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Message Posted: Jan 2, 2014 8:15:04 AM

The greedy speculators are already at it to push prices even higher in 2014.
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jsfb6pts
Champion Author Michigan

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Message Posted: Jan 2, 2014 8:12:58 AM

If I am not mistaken ,taxes also went up in some states
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SiebsWI
All-Star Author Wisconsin

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Message Posted: Jan 2, 2014 8:11:02 AM

Here come the excuses
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lisenclose
Champion Author Jacksonville

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Message Posted: Jan 2, 2014 8:10:34 AM

interesting
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lcleveland
Champion Author San Antonio

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Message Posted: Jan 2, 2014 8:09:42 AM

Always raise the prices
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Peachy1
Champion Author St. Louis

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Message Posted: Jan 2, 2014 8:09:28 AM

Oil market will continue to be a game forever, until something major happens. Time will tell. Seeing is
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papajcs
Champion Author Indiana

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Message Posted: Jan 2, 2014 8:09:12 AM

Prices going up!
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millerin
Champion Author Orlando

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Message Posted: Jan 2, 2014 7:58:52 AM

a little
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CivicMA
Champion Author Boston

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Message Posted: Jan 2, 2014 7:58:38 AM

Speculation raising prices is nothing new!
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eyegotgas2
Champion Author British Columbia

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Message Posted: Jan 2, 2014 7:56:52 AM

Ok producers hope we drive more
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Rappcommuter
All-Star Author Virginia

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Message Posted: Jan 2, 2014 7:44:53 AM

Excellent point about simply hoping for a stronger economy will cause prices to rise. Fear is another term that will cause prices to rise, such as fear of unrest in any oil producing country. Nothing has to actually happen. If the hope or fear is realized, then it goes up even more.
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Bou
Champion Author Maine

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Message Posted: Jan 2, 2014 7:30:00 AM

Speculation, trying to raise prices.
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JohnofGB
Champion Author Flint

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Message Posted: Jan 2, 2014 7:28:17 AM

As the world recovers, prices will rise.
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LilRedWagonIN
Champion Author Indiana

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Message Posted: Jan 2, 2014 7:27:26 AM

How do prognosticators and crystal ball readers measure 'hope.'
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NotTom
Champion Author New Hampshire

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Message Posted: Jan 2, 2014 7:20:01 AM

recovery the new taxes will take care of that.
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Rockyguitar
Champion Author Tampa

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Message Posted: Jan 2, 2014 7:14:07 AM

Greed on parade.....where's the outcry!?!?!?
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brbaritone
Champion Author Virginia

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Message Posted: Jan 2, 2014 7:13:20 AM

"Hopes" - all it takes to raise prices is "hopes" - that sounds like 'speculation.'
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WestDriver
Champion Author Grand Rapids

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Message Posted: Jan 2, 2014 7:10:14 AM

Wait. I just saw an article about how prices would be lower this year.
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Tacodan
Champion Author Cincinnati

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Message Posted: Jan 2, 2014 7:03:03 AM

GREEDWAY added .30 cents at the pump last week
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USMCturtlehead
Champion Author Lexington

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Message Posted: Jan 2, 2014 6:54:31 AM

Prices at pump rise also. Happy New Year.
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silverfoxv65
Champion Author Michigan

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Message Posted: Jan 2, 2014 6:43:00 AM

Yea i agree, here we go again.
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daequitz
Champion Author New Jersey

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Message Posted: Jan 2, 2014 6:39:42 AM

Start higher at the pumps too with the kick in of higher taxes.
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bills299
Champion Author Atlanta

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Message Posted: Jan 2, 2014 6:38:56 AM

Really?
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dandvicb
Champion Author Bridgeport

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Message Posted: Jan 2, 2014 6:37:44 AM

"HAPPY NEW YEAR" from the SPECULATORS!!!
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mastermariner
Champion Author Texas

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Message Posted: Jan 2, 2014 6:27:41 AM

Not exactly what they were predicting
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