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Author Topic: Oil stays below $100 a barrel on ample U.S. supply Back to Topics
Mariuxus

Champion Author
Chicago

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Message Posted: May 1, 2014 12:44:30 PM

SAN FRANCISCO (MarketWatch) — Oil futures held their ground below $100 a barrel on Thursday, with ample domestic crude supplies and some downbeat U.S. data raising questions about the strength of an economic recovery.

Crude oil for June delivery /quotes/zigman/2237082/realtime CLM4 -0.25% fell 45 cents, or 0.5%, to $99.29 a barrel on the New York Mercantile Exchange. Tracking the most-active contracts, prices closed below $100 on Wednesday for the first time since April 2. They fell for a second consecutive month in April and have dropped for three of the past four months.

Data on Wednesday from the Energy Information Administration showed crude supplies rose less than expected, but nonetheless hit record levels.


AFP/Getty Images

Enlarge Image Petroleum prices remain un
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REPLIES (newest first) Post a Reply
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mrbee
Champion Author Little Rock

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Message Posted: May 2, 2014 11:21:51 PM

Good!
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DanMtz
Champion Author Oakland

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Message Posted: May 2, 2014 7:41:18 PM

Gas is still near a 2 year high here.
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DeeLA
Champion Author Los Angeles

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Message Posted: May 2, 2014 1:58:24 PM

Crude prices may have dropped and supply increased, but it doesn't show at the pump.
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MassGas007
Champion Author Massachusetts

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Message Posted: May 2, 2014 1:46:10 PM

Not LOW
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doctorindyj
Champion Author Santa Fe

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Message Posted: May 2, 2014 11:57:34 AM

The price of distillates has had nothing to do with the price of oil for a while now.
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VMIJim
Champion Author Alabama

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Message Posted: May 2, 2014 6:49:24 AM

Don't expect prices to fall as the roller coaster ride of fuel prices continues under Oblamer amid all his lies, coverups, scandals, failed economic & foreign policies, abuses of power, gross incompetence, & major contributions from Big Oil. 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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werich44
Champion Author California

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Message Posted: May 2, 2014 4:45:43 AM

Change the laws regarding speculators and the price will stay considerably less than $100 a barrel.
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alterman156
Champion Author New York

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Message Posted: May 2, 2014 2:49:13 AM

Oil should stay below $100 per barrel.
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drpepperTX
Champion Author Texas

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Message Posted: May 1, 2014 11:52:54 PM

"But the oil industry holds gasoline prices at absurdly high pricing."
================================================================
Do you really consider a profit of less than $0.08 per gallon absurd pricing??
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NHLiveFree
Champion Author New Hampshire

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Message Posted: May 1, 2014 11:48:25 PM


But the oil industry holds gasoline prices at absurdly high pricing.
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endymion
Champion Author New York

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Message Posted: May 1, 2014 11:41:38 PM

Lower is better!
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MrLefty0706
Champion Author Chicago

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Message Posted: May 1, 2014 10:57:49 PM

There should be ample supply and hopefully Congress will not pass legislation that will allow oil exporting.
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fhcmedic
Champion Author North Carolina

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Message Posted: May 1, 2014 10:45:21 PM

The gas prices are still up here.
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heydano67
Champion Author California

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Message Posted: May 1, 2014 10:31:27 PM

keep falling
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lin95688
Champion Author California

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Message Posted: May 1, 2014 10:02:11 PM

still artificially high
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RTBama1
Champion Author Montgomery

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Message Posted: May 1, 2014 9:24:58 PM

They fell for a second consecutive month in April and have dropped for three of the past four months.
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Pozole
Champion Author Portland

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Message Posted: May 1, 2014 9:07:00 PM

...that's speculator talk...GET THEM ! !...
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Lugi1967
Champion Author Ohio

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Message Posted: May 1, 2014 9:00:12 PM

A trend we hope continues
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tim1999
Champion Author Kansas City

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Message Posted: May 1, 2014 8:50:42 PM

Good to hear.
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silverfoxv65
Champion Author Michigan

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Message Posted: May 1, 2014 7:30:42 PM

Well ts about time!

It should be 30.00
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drpepperTX
Champion Author Texas

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Message Posted: May 1, 2014 7:18:55 PM

"Pump prices going down too?"
=================================

Yes, midNJ, they soon will:

RBOB Gasoline USd/gal. 293.31 -0.57 -0.19% Jun 14 contract

That's down over $0.10 per gallon from early this week.
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reidlej
Champion Author Columbus

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Message Posted: May 1, 2014 7:10:21 PM

Yet, pump prices are still sky high....
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ClarkSC
Champion Author South Carolina

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Message Posted: May 1, 2014 6:47:20 PM

Wait, soon $140.00 per barrel.
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mabrams184
Champion Author Lexington

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Message Posted: May 1, 2014 6:16:16 PM

Ample supplies and high prices...the new norm.
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MassGas007
Champion Author Massachusetts

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Message Posted: May 1, 2014 6:15:06 PM

Not low
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TWS658
Champion Author Portland

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Message Posted: May 1, 2014 6:02:49 PM

Have not seen a similar change in fuel prices.
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MidNJ
Champion Author New Jersey

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Message Posted: May 1, 2014 5:58:27 PM

Pump prices going down too?
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0003
Champion Author Maryland

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Message Posted: May 1, 2014 5:54:24 PM

yeah.....check back in a couple of hours...we'll be completely out of everything..then, day after tomorrow we'll have a whole lot of something, but we'll have to raise the cost because of all these ups and downs and stuff. it takes a lot of money to keep changing this figuring and what not.. !ha! ha!
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Pramodsharma
Champion Author Richmond

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Message Posted: May 1, 2014 5:50:24 PM

Cot Coloratura, lay low Land in free fund
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md11capt
Champion Author Denver

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Message Posted: May 1, 2014 5:46:30 PM

WOW!!! Le$$ than a $100 a barrel!
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fuelwatcher85
Rookie Author Savannah

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Message Posted: May 1, 2014 4:58:45 PM

Gas prices won't go down for an "ample supply"
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DLCarpernet
Champion Author Phoenix

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Message Posted: May 1, 2014 4:38:30 PM

But are gas prices going down? I think NOT!!
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DLCarpernet
Champion Author Phoenix

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Message Posted: May 1, 2014 4:37:51 PM

But are gas prices going down? I think NOT!!
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PrinceLH
Champion Author Ontario

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Message Posted: May 1, 2014 4:26:06 PM

A bit harder to use!
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Buckeyee
Champion Author Maine

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Message Posted: May 1, 2014 3:56:57 PM

montpelier28: I thought the site had been hacked when the news link wasn't where it always was !!!! Thanks for letting us know there was changes in the works !!
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montpelier28
Champion Author Vermont

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Message Posted: May 1, 2014 3:33:18 PM

Still confused with new format but I found an article but the oint s here are now different also?
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labosley
Rookie Author Atlanta

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Message Posted: May 1, 2014 3:20:32 PM

However, gas prices are going up daily...
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conniecounsol
Champion Author Las Vegas

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Message Posted: May 1, 2014 2:36:45 PM

Will we see any savings at the pump?
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Night Owl
Champion Author Toronto

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Message Posted: May 1, 2014 2:29:57 PM

Oil supplies are at record levels so let's see oil prices plummet to where they belong.
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GasPriceHelp4u
Champion Author Dayton

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Message Posted: May 1, 2014 2:13:30 PM

Need to keep going down!!!
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rjojo40AL
Champion Author Nevada

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Message Posted: May 1, 2014 2:12:59 PM

Ample supply, but where's the consumers break.
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dunesfly
Champion Author Cape Coral

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Message Posted: May 1, 2014 2:02:55 PM

who screwed up???
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Yooperheart
Champion Author Michigan

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Message Posted: May 1, 2014 1:56:55 PM

When I see $2.50 @ the pump or less
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LostInNY
Champion Author New York

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Message Posted: May 1, 2014 1:45:09 PM

yeah...ample supply yet still screwing the US drivers!
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mikaye
Champion Author Cleveland

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Message Posted: May 1, 2014 1:42:42 PM

yet pump prices rise
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qwerty17
Champion Author New Jersey

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Message Posted: May 1, 2014 1:40:50 PM

ample is good.
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jamofsocal
Champion Author Los Angeles

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Message Posted: May 1, 2014 1:37:50 PM

Gasoline is still over $4.25 per gal!!!
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djwhit
Champion Author Ohio

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Message Posted: May 1, 2014 1:31:10 PM

THATS IS OIL COS, GREED.............
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lippoe_sokan
Champion Author Provo

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Message Posted: May 1, 2014 1:22:16 PM

I suspect I know the longer term trend, however.
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bevner
Champion Author St. Louis

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Message Posted: May 1, 2014 12:52:29 PM

Doesn't matter what barrel price is. Oil people will still find a reason to charge more at the pump.
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