Not Logged In Log In   Sign Up   Points Leaders
Follow Us    7:02 PM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: WTI Trades Near 4-Week Low as Crude Supplies Rise; Brent Holds Back to Topics
Point__man

Champion Author
Raleigh

Posts:6,811
Points:1,431,540
Joined:Oct 2010
Message Posted: Apr 30, 2014 11:27:23 PM

By Ben Sharples Apr 30, 2014 9:20 PM ET

West Texas Intermediate traded near a four-week low after crude inventories extended a record high in the U.S., the world’s biggest oil consumer. Brent was steady.

Futures were little changed in New York after capping a 1.8 percent decline last month, the biggest since November. Crude stockpiles gained 1.7 million barrels to 399.4 million last week, the highest since the Energy Information Administration began reporting weekly data in 1982. WTI also slid as U.S. economic growth stalled in the first quarter.

“The trend is set for the oil market,” said Jonathan Barratt, the chief executive officer of Barratt’s Bulletin in Sydney who predicts investors may buy West Texas contracts if prices decrease to $99.40 a barrel. “Barring any geopolitical occ
Visit Bloomberg for full article
REPLIES (newest first) Post a Reply
Profile Pic
DanMtz
Champion Author Oakland

Posts:5,993
Points:1,855,890
Joined:Oct 2009
Message Posted: May 1, 2014 7:38:49 PM

Whoopee. Gas hasn't been as expensive as it is now in a couple of years.
Profile Pic
reidlej
Champion Author Columbus

Posts:2,490
Points:1,206,005
Joined:Jul 2011
Message Posted: May 1, 2014 7:14:18 PM

Yet pump prices remain very high. Like most gas news, it doesn't all fit together.
Profile Pic
Night Owl
Champion Author Toronto

Posts:10,095
Points:2,394,475
Joined:Jul 2004
Message Posted: May 1, 2014 2:40:18 PM

Oil prices need to start plummeting.
Profile Pic
dandvicb
Champion Author Bridgeport

Posts:2,986
Points:1,627,245
Joined:Jul 2004
Message Posted: May 1, 2014 9:32:11 AM

All about SPECULATORS & GREED!!!
Profile Pic
scu227
Champion Author New Haven

Posts:7,192
Points:1,384,230
Joined:Feb 2011
Message Posted: May 1, 2014 9:31:26 AM

Keep on dropping !!!!
Profile Pic
investmentdr
Champion Author Cleveland

Posts:6,116
Points:2,031,770
Joined:Sep 2008
Message Posted: May 1, 2014 9:27:03 AM

4wk lows is good news
Profile Pic
johnpuh
Champion Author Ohio

Posts:2,305
Points:773,200
Joined:Sep 2012
Message Posted: May 1, 2014 9:21:35 AM

And yet the price at the pump remains too high.
Profile Pic
car253
Champion Author Ohio

Posts:8,779
Points:2,049,875
Joined:Oct 2008
Message Posted: May 1, 2014 8:28:19 AM

Gas prices still rising.
Profile Pic
EnviroChemist
Champion Author Oklahoma

Posts:3,532
Points:811,860
Joined:Oct 2011
Message Posted: May 1, 2014 7:23:30 AM

Glad WTI is back below $100 per barrel; gas dropped $0.02 here yesterday from $3.38 to $3.36.
Profile Pic
shivarr
Champion Author New Jersey

Posts:2,746
Points:693,675
Joined:Oct 2012
Message Posted: May 1, 2014 6:52:32 AM

no effect on price at pump though
Profile Pic
Eval69er
Champion Author Kansas

Posts:1,579
Points:422,905
Joined:Oct 2013
Message Posted: May 1, 2014 6:50:14 AM

Prices are still way over inflated
Profile Pic
brbaritone
Champion Author Virginia

Posts:3,666
Points:2,281,255
Joined:Jan 2007
Message Posted: May 1, 2014 6:29:00 AM

" ... crude inventories extended a record high in the U.S. ... "

If “U.S. oil inventories at record levels are weighing on prices,” then why is WTI still near $100.00 a barrel?
Profile Pic
ExplodingGlass
Champion Author Maine

Posts:2,647
Points:1,071,720
Joined:Oct 2008
Message Posted: May 1, 2014 6:27:23 AM

ok
Profile Pic
VMIJim
Champion Author Alabama

Posts:3,023
Points:715,175
Joined:Jan 2013
Message Posted: May 1, 2014 6:26:47 AM

And the roller coaster ride of fuel prices under Oblamer will continue amid all his lies, coverups, scandals, failed economic & foreign policies, abuses of power, and gross incompetence. Working class taxpayers will continue to be screwed at the pump, with our utilities, & with our taxes while Oblamer pushes his tree hugging, stimulus sucking, union dominated, out of control spending, ultra liberal agenda at our expense. Stop this madness in Nov 2014 & start taking our country back before it's too late!
Profile Pic
humblepie
Champion Author Toledo

Posts:57,741
Points:2,985,895
Joined:Mar 2006
Message Posted: May 1, 2014 6:21:26 AM

still way overpriced
Profile Pic
wrunner
Champion Author Virginia

Posts:7,142
Points:1,748,715
Joined:Dec 2009
Message Posted: May 1, 2014 6:14:43 AM

So drop the gasoline prices like rocks and let the good times roll.

Rock and roll, baby!
Profile Pic
humblepie
Champion Author Toledo

Posts:57,741
Points:2,985,895
Joined:Mar 2006
Message Posted: May 1, 2014 4:40:27 AM

gas is still $3.59 here.................big whoop
Profile Pic
iFueler
Champion Author Durham

Posts:75,098
Points:788,150
Joined:Nov 2012
Message Posted: May 1, 2014 4:20:25 AM


     ok
Profile Pic
Pozole
Champion Author Portland

Posts:16,598
Points:2,207,845
Joined:Mar 2005
Message Posted: May 1, 2014 4:03:45 AM

...bring it down...hang the speculators...
Profile Pic
djgunrunner
Champion Author Salt Lake City

Posts:12,893
Points:2,955,460
Joined:Apr 2005
Message Posted: May 1, 2014 3:43:11 AM

At $98.00 to $100.00 a barrel the crude is over price by $30.00 a barrel. At this time the gas price has gone up 30 cents in April in my area. Some how I do not feel like dancing in the street.
Profile Pic
ktbaeohana
Champion Author Las Vegas

Posts:4,483
Points:989,325
Joined:Mar 2010
Message Posted: May 1, 2014 2:57:12 AM

watch and see.
Profile Pic
cutter1330
Champion Author Oklahoma

Posts:10,102
Points:2,281,755
Joined:Jul 2005
Message Posted: May 1, 2014 2:17:10 AM

Guess that's why we got a drop @ the pump.
Profile Pic
MN1
Champion Author Twin Cities

Posts:5,904
Points:1,242,270
Joined:Jun 2011
Message Posted: May 1, 2014 2:03:33 AM

How about some lower prices at the pump
Profile Pic
2b0b
Champion Author Tulsa

Posts:2,573
Points:766,825
Joined:Sep 2012
Message Posted: May 1, 2014 1:53:43 AM

I will get excited when the prices drop below $80 a barrel.
Profile Pic
Happytalk
Champion Author Pennsylvania

Posts:4,753
Points:1,190,590
Joined:May 2010
Message Posted: May 1, 2014 1:53:24 AM

YO YO time
Profile Pic
comprof
Champion Author Houston

Posts:9,696
Points:1,967,875
Joined:Jul 2009
Message Posted: May 1, 2014 1:51:11 AM

And up tomorrow.
Profile Pic
mrkiddd125
Champion Author Detroit

Posts:2,074
Points:845,130
Joined:Dec 2011
Message Posted: May 1, 2014 12:33:37 AM

cool
Profile Pic
Bigwaynef
Champion Author South Carolina

Posts:14,833
Points:2,691,295
Joined:Dec 2006
Message Posted: May 1, 2014 12:08:19 AM

OK
Profile Pic
bills299
Champion Author Atlanta

Posts:5,936
Points:1,510,385
Joined:May 2005
Message Posted: May 1, 2014 12:06:21 AM

Keep it going down!
Profile Pic
JagXKR
Champion Author British Columbia

Posts:5,726
Points:1,700,260
Joined:Dec 2009
Message Posted: May 1, 2014 12:05:19 AM

Speculators will find some made up reason to make the price rise.
Profile Pic
Gabydominguez85
Champion Author Milwaukee

Posts:1,061
Points:927,730
Joined:Mar 2011
Message Posted: Apr 30, 2014 11:41:00 PM

Tell me when is half that price
Profile Pic
humblepie
Champion Author Toledo

Posts:57,741
Points:2,985,895
Joined:Mar 2006
Message Posted: Apr 30, 2014 11:34:39 PM

still way way overpriced
Profile Pic
DEG
Champion Author Las Vegas

Posts:20,152
Points:4,084,580
Joined:Jul 2003
Message Posted: Apr 30, 2014 11:30:48 PM

Oil should be in the $40 to $50/barrel range.
Post a reply Back to Topics