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Author Topic: WTI Trades Near 4-Week Low as Crude Supplies Rise; Brent Holds Back to Topics
Point__man

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Raleigh

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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
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DanMtz
Champion Author Oakland

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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.
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reidlej
Champion Author Columbus

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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.
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Night Owl
Champion Author Toronto

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Message Posted: May 1, 2014 2:40:18 PM

Oil prices need to start plummeting.
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dandvicb
Champion Author Bridgeport

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Message Posted: May 1, 2014 9:32:11 AM

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

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Message Posted: May 1, 2014 9:31:26 AM

Keep on dropping !!!!
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investmentdr
Champion Author Cleveland

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Message Posted: May 1, 2014 9:27:03 AM

4wk lows is good news
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johnpuh
Champion Author Ohio

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Message Posted: May 1, 2014 9:21:35 AM

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

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Message Posted: May 1, 2014 8:28:19 AM

Gas prices still rising.
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EnviroChemist
Champion Author Oklahoma

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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.
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shivarr
Champion Author New Jersey

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Message Posted: May 1, 2014 6:52:32 AM

no effect on price at pump though
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Eval69er
Champion Author Kansas

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Message Posted: May 1, 2014 6:50:14 AM

Prices are still way over inflated
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brbaritone
Champion Author Virginia

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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?
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ExplodingGlass
Champion Author Maine

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Message Posted: May 1, 2014 6:27:23 AM

ok
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VMIJim
Champion Author Alabama

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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!
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humblepie
Champion Author Toledo

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Message Posted: May 1, 2014 6:21:26 AM

still way overpriced
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wrunner
Champion Author Virginia

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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!
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humblepie
Champion Author Toledo

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Message Posted: May 1, 2014 4:40:27 AM

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

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Message Posted: May 1, 2014 4:20:25 AM


     ok
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Pozole
Champion Author Portland

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Message Posted: May 1, 2014 4:03:45 AM

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

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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.
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ktbaeohana
Champion Author Las Vegas

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Message Posted: May 1, 2014 2:57:12 AM

watch and see.
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cutter1330
Champion Author Oklahoma

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Message Posted: May 1, 2014 2:17:10 AM

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

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Message Posted: May 1, 2014 2:03:33 AM

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

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Message Posted: May 1, 2014 1:53:43 AM

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

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Message Posted: May 1, 2014 1:53:24 AM

YO YO time
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comprof
Champion Author Houston

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Message Posted: May 1, 2014 1:51:11 AM

And up tomorrow.
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mrkiddd125
Champion Author Detroit

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Message Posted: May 1, 2014 12:33:37 AM

cool
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Bigwaynef
Champion Author South Carolina

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Message Posted: May 1, 2014 12:08:19 AM

OK
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bills299
Champion Author Atlanta

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Message Posted: May 1, 2014 12:06:21 AM

Keep it going down!
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JagXKR
Champion Author British Columbia

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Message Posted: May 1, 2014 12:05:19 AM

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

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Message Posted: Apr 30, 2014 11:41:00 PM

Tell me when is half that price
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humblepie
Champion Author Toledo

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Message Posted: Apr 30, 2014 11:34:39 PM

still way way overpriced
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DEG
Champion Author Las Vegas

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Message Posted: Apr 30, 2014 11:30:48 PM

Oil should be in the $40 to $50/barrel range.
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