Not Logged In Log In   Sign Up   Points Leaders
Follow Us    8:16 AM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil prices start year with rise on demand hopes Back to Topics
mastermariner

Champion Author
Texas

Posts:12,718
Points:1,073,895
Joined:Jun 2011
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.

Visit AP for full article
REPLIES (newest first) Post a Reply
Profile Pic
POWERSTROKE7.3L
Champion Author Washington

Posts:1,429
Points:329,425
Joined:Jul 2009
Message Posted: Jan 3, 2014 9:51:11 AM

Cold weather more demand.
Profile Pic
CheapDiesel
Champion Author Indianapolis

Posts:1,518
Points:255,275
Joined:Nov 2005
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.
Profile Pic
cdanielwyke
Champion Author Greensboro

Posts:3,012
Points:706,880
Joined:Sep 2008
Message Posted: Jan 2, 2014 3:12:03 PM

Well that turned around quickly.
Profile Pic
Discovery02
Champion Author Colorado Springs

Posts:7,430
Points:894,095
Joined:May 2012
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.
Profile Pic
gs7101
Champion Author San Antonio

Posts:8,021
Points:545,395
Joined:Jun 2009
Message Posted: Jan 2, 2014 12:38:07 PM

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

Posts:4,253
Points:1,438,330
Joined:Sep 2010
Message Posted: Jan 2, 2014 12:29:02 PM

Nooooooo!
Profile Pic
Zeke33
Champion Author New Hampshire

Posts:7,519
Points:2,041,915
Joined:Sep 2005
Message Posted: Jan 2, 2014 12:12:26 PM

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

Posts:4,288
Points:1,201,675
Joined:Jan 2009
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.
Profile Pic
DLCarpernet
Champion Author Phoenix

Posts:1,852
Points:978,070
Joined:Nov 2011
Message Posted: Jan 2, 2014 11:14:25 AM

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

Posts:3,653
Points:655,240
Joined:Oct 2010
Message Posted: Jan 2, 2014 10:52:31 AM

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

Posts:1,774
Points:558,535
Joined:Feb 2013
Message Posted: Jan 2, 2014 10:50:25 AM

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

Posts:256
Points:367,240
Joined:Jan 2011
Message Posted: Jan 2, 2014 10:31:03 AM

Up,up and away!
Profile Pic
montpelier28
Champion Author Vermont

Posts:3,108
Points:1,367,525
Joined:Apr 2010
Message Posted: Jan 2, 2014 10:26:45 AM

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

Posts:8,729
Points:2,037,525
Joined:Oct 2008
Message Posted: Jan 2, 2014 10:25:11 AM

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

Posts:2,776
Points:704,995
Joined:Oct 2012
Message Posted: Jan 2, 2014 10:13:52 AM

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

Posts:7,787
Points:1,463,530
Joined:May 2010
Message Posted: Jan 2, 2014 10:00:45 AM

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

Posts:7,111
Points:1,373,105
Joined:Feb 2011
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 ????
Profile Pic
Luckylindy
Champion Author Milwaukee

Posts:6,816
Points:1,699,895
Joined:May 2008
Message Posted: Jan 2, 2014 9:45:43 AM

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

Posts:3,912
Points:1,067,680
Joined:Sep 2011
Message Posted: Jan 2, 2014 9:41:13 AM

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

Posts:2,260
Points:761,075
Joined:Sep 2012
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.
Profile Pic
Anty57
Champion Author Montreal

Posts:1,241
Points:762,660
Joined:Apr 2011
Message Posted: Jan 2, 2014 9:13:20 AM

ok
Profile Pic
Sanpoil
Champion Author Spokane

Posts:3,994
Points:729,400
Joined:Jun 2012
Message Posted: Jan 2, 2014 8:34:18 AM

Speculators are sucking us dry.
Profile Pic
AVKZ
Champion Author Kalamazoo

Posts:1,943
Points:812,615
Joined:Apr 2012
Message Posted: Jan 2, 2014 8:32:55 AM

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

Posts:3,560
Points:1,116,775
Joined:Oct 2011
Message Posted: Jan 2, 2014 8:32:17 AM

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

Posts:2,056
Points:447,850
Joined:Jul 2013
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?
Profile Pic
jdda
Champion Author Alberta

Posts:1,555
Points:771,710
Joined:Jul 2009
Message Posted: Jan 2, 2014 8:19:38 AM

Prices rose here to start 2014
Profile Pic
streetdesign
Champion Author Illinois

Posts:2,872
Points:1,162,550
Joined:May 2011
Message Posted: Jan 2, 2014 8:15:04 AM

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

Posts:1,590
Points:1,037,445
Joined:May 2011
Message Posted: Jan 2, 2014 8:12:58 AM

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

Posts:983
Points:410,940
Joined:Oct 2013
Message Posted: Jan 2, 2014 8:11:02 AM

Here come the excuses
Profile Pic
lisenclose
Champion Author Jacksonville

Posts:2,046
Points:414,750
Joined:Jul 2013
Message Posted: Jan 2, 2014 8:10:34 AM

interesting
Profile Pic
lcleveland
Champion Author San Antonio

Posts:3,765
Points:1,172,420
Joined:May 2011
Message Posted: Jan 2, 2014 8:09:42 AM

Always raise the prices
Profile Pic
Peachy1
Champion Author St. Louis

Posts:3,074
Points:2,237,960
Joined:Aug 2005
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
Profile Pic
papajcs
Champion Author Indiana

Posts:1,585
Points:1,071,970
Joined:Jun 2011
Message Posted: Jan 2, 2014 8:09:12 AM

Prices going up!
Profile Pic
millerin
Champion Author Orlando

Posts:4,375
Points:1,018,695
Joined:Jan 2012
Message Posted: Jan 2, 2014 7:58:52 AM

a little
Profile Pic
CivicMA
Champion Author Boston

Posts:4,527
Points:1,133,500
Joined:Jun 2011
Message Posted: Jan 2, 2014 7:58:38 AM

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

Posts:4,027
Points:850,140
Joined:Sep 2011
Message Posted: Jan 2, 2014 7:56:52 AM

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

Posts:801
Points:977,760
Joined:Apr 2011
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.
Profile Pic
Bou
Champion Author Maine

Posts:14,957
Points:3,248,210
Joined:Jan 2005
Message Posted: Jan 2, 2014 7:30:00 AM

Speculation, trying to raise prices.
Profile Pic
JohnofGB
Champion Author Flint

Posts:8,003
Points:1,694,595
Joined:Feb 2010
Message Posted: Jan 2, 2014 7:28:17 AM

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

Posts:10,377
Points:2,116,290
Joined:Oct 2008
Message Posted: Jan 2, 2014 7:27:26 AM

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

Posts:7,424
Points:1,886,855
Joined:Aug 2005
Message Posted: Jan 2, 2014 7:20:01 AM

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

Posts:5,028
Points:1,784,815
Joined:Sep 2008
Message Posted: Jan 2, 2014 7:14:07 AM

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

Posts:3,629
Points:2,269,690
Joined:Jan 2007
Message Posted: Jan 2, 2014 7:13:20 AM

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

Posts:2,335
Points:1,074,650
Joined:Oct 2006
Message Posted: Jan 2, 2014 7:10:14 AM

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

Posts:4,829
Points:1,233,980
Joined:Apr 2011
Message Posted: Jan 2, 2014 7:03:03 AM

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

Posts:727,150
Points:705,775
Joined:Feb 2013
Message Posted: Jan 2, 2014 6:54:31 AM

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

Posts:7,111
Points:1,829,705
Joined:Sep 2009
Message Posted: Jan 2, 2014 6:43:00 AM

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

Posts:8,866
Points:1,982,120
Joined:Jan 2007
Message Posted: Jan 2, 2014 6:39:42 AM

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

Posts:5,891
Points:1,499,260
Joined:May 2005
Message Posted: Jan 2, 2014 6:38:56 AM

Really?
Profile Pic
dandvicb
Champion Author Bridgeport

Posts:2,971
Points:1,617,470
Joined:Jul 2004
Message Posted: Jan 2, 2014 6:37:44 AM

"HAPPY NEW YEAR" from the SPECULATORS!!!
Post a reply Back to Topics