Not Logged In Log In   Sign Up   Points Leaders
Follow Us    4:59 PM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: WTI Rises First Time in Three Days on U.S. Inventories Back to Topics
WxVette

Rookie Author
Omaha

Posts:56
Points:1,318,520
Joined:Jul 2007
Message Posted: Jan 2, 2014 7:03:34 AM

West Texas Intermediate rose for the first time in three days amid forecasts that crude inventories probably fell in the U.S, the world’s largest oil consumer.

Futures climbed as much as 0.6 percent after an annual gain of a 7.2 percent in 2013. The Energy Information Administration is predicted to report that crude stockpiles decreased by 2.83 million barrels to 364.7 million last week, according to a Bloomberg News survey before the data is released tomorrow. South Sudan declared a state of emergency in two areas, including the oil-producing Unity region.

“U.S. oil demand will be underpinned by the improving economy and should remain higher year-on-year,” Amrita Sen, chief oil market strategist at Energy Aspects Ltd., a consulting company in London, said today by e-mail.

WTI
Visit Bloomberg News for full article
REPLIES (newest first) Post a Reply
Profile Pic
eomc17
Champion Author Tucson

Posts:2,194
Points:156,300
Joined:Mar 2007
Message Posted: Jan 3, 2014 12:06:02 AM

What SHOULD South Sudan have to do with the market pricing of WTI crude? NOTHING!! WTI crude is NOT shipping TO the Middle East or THROUGH the Middle East. What a scam. And our politicians really don't care how much we pay for gasoline. What they really want are six figure handouts from big oil companies and speculators for their campaigns and tell the duped voters that they really care about US and represent US. I wish they all had Pinocchio noses. Boy, would those noses be long enough that pigeons could perch on them.
Profile Pic
txkrb
Champion Author Texas

Posts:2,516
Points:1,076,175
Joined:May 2011
Message Posted: Jan 2, 2014 10:24:56 PM

No WTI was down almost $3 today
Profile Pic
YumaFellow
Champion Author Arizona

Posts:3,542
Points:1,079,405
Joined:Jan 2011
Message Posted: Jan 2, 2014 1:49:35 PM

In another article, oil is down because of the stronger dollar. Here it is up because of inventories. It is all speculation.
Profile Pic
fedupMN
Champion Author Twin Cities

Posts:5,054
Points:996,655
Joined:Mar 2011
Message Posted: Jan 2, 2014 12:30:45 PM

And this will be used to justify a price increase at the pump of a questionable amount.
Profile Pic
gcalleja
Champion Author Miami

Posts:2,805
Points:1,022,010
Joined:May 2011
Message Posted: Jan 2, 2014 11:56:00 AM

It needs to drop!
Profile Pic
bwatchingu
Champion Author Arkansas

Posts:4,006
Points:1,097,275
Joined:Jan 2009
Message Posted: Jan 2, 2014 11:51:04 AM

At 10:49 am CST Jan 2,2014,WTI is down $1.96,BRENT down $2.15,RBOB gas down over 5¢.
Profile Pic
Joeatcret
All-Star Author South Carolina

Posts:532
Points:65,395
Joined:Dec 2011
Message Posted: Jan 2, 2014 11:27:17 AM

Pig oil's lawyers: Dewey, Cheatam, and Howe.
Profile Pic
lesabreAZ
Champion Author Phoenix

Posts:3,951
Points:901,505
Joined:Nov 2011
Message Posted: Jan 2, 2014 11:11:34 AM

I say WTF to WTI....
Profile Pic
twinfanMN
Champion Author Minnesota

Posts:2,667
Points:721,760
Joined:Jun 2011
Message Posted: Jan 2, 2014 11:11:23 AM

Nothing like spinning the information the way you want it to control the prices. This system really needs to be changed
Profile Pic
humblepie
Champion Author Toledo

Posts:54,645
Points:2,871,290
Joined:Mar 2006
Message Posted: Jan 2, 2014 10:51:35 AM

still way overpriced
Profile Pic
mdcsgt
Champion Author South Carolina

Posts:1,635
Points:461,595
Joined:Feb 2013
Message Posted: Jan 2, 2014 10:48:59 AM

WTI rises????? REALLY?? It's DOWN $1.61 a barrel this morning????
Profile Pic
moose21040
Veteran Author Baltimore

Posts:256
Points:367,240
Joined:Jan 2011
Message Posted: Jan 2, 2014 10:28:51 AM

OK
Profile Pic
mastermariner
Champion Author Texas

Posts:12,447
Points:972,935
Joined:Jun 2011
Message Posted: Jan 2, 2014 10:23:08 AM

Gas $2.99 in Round Rock
Profile Pic
moosepooler
All-Star Author New York

Posts:689
Points:109,075
Joined:Sep 2008
Message Posted: Jan 2, 2014 10:23:00 AM

hmm
Profile Pic
montpelier28
Champion Author Vermont

Posts:2,845
Points:1,267,105
Joined:Apr 2010
Message Posted: Jan 2, 2014 10:18:35 AM

Does it being winter, which happens every year have anything to do with it?
Profile Pic
Lugi1967
Champion Author Ohio

Posts:6,846
Points:1,480,900
Joined:Jun 2010
Message Posted: Jan 2, 2014 10:14:54 AM

All speculation
Profile Pic
daytonabiker
Champion Author Florida

Posts:2,713
Points:613,335
Joined:Oct 2012
Message Posted: Jan 2, 2014 10:12:16 AM

B.S.
Profile Pic
GuitarmanMS
Champion Author Mississippi

Posts:1,608
Points:1,079,350
Joined:May 2009
Message Posted: Jan 2, 2014 10:05:54 AM

More speculation
Profile Pic
scu227
Champion Author New Haven

Posts:6,629
Points:1,269,705
Joined:Feb 2011
Message Posted: Jan 2, 2014 10:05:35 AM

BS
Profile Pic
Buckeyee
Champion Author Maine

Posts:7,436
Points:1,363,555
Joined:May 2010
Message Posted: Jan 2, 2014 9:58:58 AM

Finally an article related to this site.
Profile Pic
kyjlh
Champion Author Kentucky

Posts:3,776
Points:1,100,650
Joined:Feb 2005
Message Posted: Jan 2, 2014 9:48:03 AM

here we go again
Profile Pic
double_the_e
All-Star Author Philadelphia

Posts:633
Points:163,485
Joined:May 2013
Message Posted: Jan 2, 2014 9:46:36 AM

woah
Profile Pic
investmentdr
Champion Author Cleveland

Posts:5,919
Points:1,928,745
Joined:Sep 2008
Message Posted: Jan 2, 2014 9:42:06 AM

-1.5% on the day now
Profile Pic
cobeng10
Champion Author Colorado Springs

Posts:1,126
Points:457,335
Joined:May 2012
Message Posted: Jan 2, 2014 9:38:44 AM

There gose deep pockets again.
Profile Pic
johnpuh
Champion Author Ohio

Posts:1,979
Points:658,675
Joined:Sep 2012
Message Posted: Jan 2, 2014 9:17:42 AM

Get braced for the next price spike since the excuse is now in place.
Profile Pic
Anty57
Champion Author Montreal

Posts:1,241
Points:762,660
Joined:Apr 2011
Message Posted: Jan 2, 2014 9:12:49 AM

ok
Profile Pic
merlinCO
Champion Author Colorado

Posts:3,935
Points:832,935
Joined:Mar 2012
Message Posted: Jan 2, 2014 9:06:09 AM

More ethanol!!!
Profile Pic
mreiff
Champion Author Louisville

Posts:7,537
Points:1,784,650
Joined:May 2009
Message Posted: Jan 2, 2014 9:04:35 AM

Here we go again!
Profile Pic
dkp1960
Champion Author St. Louis

Posts:2,795
Points:678,800
Joined:Oct 2012
Message Posted: Jan 2, 2014 8:48:12 AM

Interesting
Profile Pic
gasmeup52
Champion Author Missouri

Posts:3,164
Points:1,159,990
Joined:Jan 2011
Message Posted: Jan 2, 2014 8:45:19 AM

So prices will go up?
Profile Pic
RichardoB
Champion Author Fayetteville

Posts:10,269
Points:2,487,210
Joined:Jun 2007
Message Posted: Jan 2, 2014 8:43:16 AM

Speculation about speculation. Can it get more absurd?
Profile Pic
EnviroChemist
Champion Author Oklahoma

Posts:3,193
Points:699,355
Joined:Oct 2011
Message Posted: Jan 2, 2014 8:36:28 AM

Oil is back down $0.80 this AM to $97.62, I hope it keeps going down.
Profile Pic
Ltdc
Champion Author Long Island

Posts:9,324
Points:2,132,125
Joined:Jul 2007
Message Posted: Jan 2, 2014 8:35:36 AM

Following the price of crude is like following the flight of a moth.
Profile Pic
AVKZ
Champion Author Kalamazoo

Posts:1,895
Points:716,105
Joined:Apr 2012
Message Posted: Jan 2, 2014 8:31:46 AM

No reason for it.
Profile Pic
tklsr
All-Star Author Akron

Posts:925
Points:888,850
Joined:Aug 2005
Message Posted: Jan 2, 2014 8:30:37 AM

if a mouse farts in an oil field, prices rise.
Profile Pic
Evilmaddog
Champion Author British Columbia

Posts:5,634
Points:1,453,940
Joined:Aug 2010
Message Posted: Jan 2, 2014 8:27:56 AM

Lies and manipulation of data
Profile Pic
radbadtz
Champion Author Halifax

Posts:1,770
Points:345,725
Joined:Jul 2013
Message Posted: Jan 2, 2014 8:22:02 AM

that should help bring the pump price down. Warren Buffet says, no pipelines for you!
Profile Pic
ostrichNV
Champion Author Nevada

Posts:1,930
Points:909,590
Joined:Feb 2011
Message Posted: Jan 2, 2014 8:18:37 AM

I always get a chuckle out of these reports: Good news -- a good economy -- is bad news -- higher gas prices...
Profile Pic
jdda
Champion Author Alberta

Posts:1,317
Points:682,130
Joined:Jul 2009
Message Posted: Jan 2, 2014 8:16:52 AM

Interesting but nothing new
Profile Pic
streetdesign
Champion Author Illinois

Posts:2,637
Points:1,061,765
Joined:May 2011
Message Posted: Jan 2, 2014 8:13:49 AM

Supply data is not accurate. Prices have been like a roller coaster. I question if there is greater demand in the U.S. yet as the country continues to struggle to get back on its feet.
Profile Pic
lcleveland
Champion Author San Antonio

Posts:3,737
Points:1,080,410
Joined:May 2011
Message Posted: Jan 2, 2014 8:11:45 AM

And again raise the price
Profile Pic
jsfb6pts
Champion Author Michigan

Posts:1,277
Points:933,870
Joined:May 2011
Message Posted: Jan 2, 2014 8:11:39 AM

Price Alert coming soon
Profile Pic
lisenclose
Champion Author Jacksonville

Posts:1,800
Points:316,210
Joined:Jul 2013
Message Posted: Jan 2, 2014 8:08:42 AM

up and down
Profile Pic
Peachy1
Champion Author St. Louis

Posts:2,910
Points:2,137,000
Joined:Aug 2005
Message Posted: Jan 2, 2014 8:07:57 AM

All skewed.
Profile Pic
SiebsWI
All-Star Author Wisconsin

Posts:983
Points:321,340
Joined:Oct 2013
Message Posted: Jan 2, 2014 8:07:44 AM

Here we go again!
Profile Pic
papajcs
Champion Author Indiana

Posts:1,305
Points:969,570
Joined:Jun 2011
Message Posted: Jan 2, 2014 8:05:05 AM

Really?
Profile Pic
Eagle3236
Champion Author Missouri

Posts:3,406
Points:699,800
Joined:Oct 2012
Message Posted: Jan 2, 2014 7:50:00 AM

We need to get the Keystone Pipeline built ASAP!
Profile Pic
FPLREP
Champion Author Virginia

Posts:10,880
Points:2,943,810
Joined:Oct 2005
Message Posted: Jan 2, 2014 7:35:44 AM

year end inventory reduction coupled with less work from holidays equals nothing to be concerned with..unless you are speculating.
Profile Pic
JohnofGB
Champion Author Flint

Posts:7,728
Points:1,591,420
Joined:Feb 2010
Message Posted: Jan 2, 2014 7:27:09 AM

Data over the holidays is sometimes skewed.
Profile Pic
torch7
All-Star Author Indiana

Posts:727
Points:593,530
Joined:Sep 2012
Message Posted: Jan 2, 2014 7:12:32 AM

excuse?
Post a reply Back to Topics