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Author Topic: Oil futures drop around 2% as dollar gains Back to Topics
xgojim
Champion Author
Michigan

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Joined:Mar 2011
Message Posted: Jan 2, 2014 1:05:10 PM

Oil futures declined on Thursday, the first trading day of the new year, with sharp gains in the U.S. dollar helping to push prices down by around 2%. February crude oil fell $2.09, or 2.1%, to $96.33 a barrel on the New York Mercantile Exchange. Prices had climbed near $99 in electronic trading early Thursday. Darin Newsom, senior analyst at DTN, attributed the move lower to the dollar looking “pretty stout.” “It’s putting a little bit of pressure on commodities in general,” he told MarketWatch. On a longer-term basis, Newsom said there is general bearishness around oil as supplies remain plentiful and demand hasn’t returned to pre-financial crisis levels. Traders also mulled Thursday’s economic data for hints on the outlook for energy demand. Weekly jobless claims fell to their lowest
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REPLIES (newest first) Post a Reply
jrs4125
Champion Author Indiana

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Joined:Sep 2011
Message Posted: Jan 3, 2014 7:33:18 AM

We will see.
Samo1961
Champion Author Los Angeles

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Joined:Feb 2011
Message Posted: Jan 3, 2014 12:00:38 AM

Good first day, hopefully will continue.
Tekkersmom57
Champion Author Syracuse

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Message Posted: Jan 2, 2014 5:22:34 PM

What ever it takes to lower the price!!!!
cdanielwyke
Champion Author Greensboro

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Message Posted: Jan 2, 2014 3:11:27 PM

Baby are you down down down down down?
ss70
Champion Author Detroit

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Joined:Sep 2005
Message Posted: Jan 2, 2014 2:29:14 PM

Dollar needs to be more stronger
BUSMAN1105
Champion Author Atlanta

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Message Posted: Jan 2, 2014 2:04:00 PM

If oil drop then why didn't the gasoline drop also!!!!!!!!!!!!!!!!!!!!!!!!!
humblepie
Champion Author Toledo

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Message Posted: Jan 2, 2014 1:51:57 PM

still WAY overpriced
hubers00
Champion Author Orlando

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Message Posted: Jan 2, 2014 1:25:52 PM

Good ne
lyanMI
Champion Author Detroit

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Message Posted: Jan 2, 2014 1:11:55 PM

nice
xgojim
Champion Author Michigan

Posts:2,110
Points:1,165,240
Joined:Mar 2011
Message Posted: Jan 2, 2014 1:06:58 PM

Happy new year!
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