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Author Topic: Has the rally in crude lost its legs? Back to Topics
PD
Moderator
Message Posted: Jul 15, 2013 10:03:56 AM

After posting an impressive rally that started in mid-to-late June, the rally in crude oil appears to have stalled- at least for the time being.

Crude prices stood at $93.69/bbl as recently as June 21, with prices seemingly peaking on July 10 at $106.52/bbl. The $12.83 advance between those two dates brought crude to its highest close in well over a year, and with it, gasoline prices have been racing higher.

However, crude prices have stalled in the last few trading sessions, staying below their recent $106.52/bbl peak, dropping to $105 and holding there over the last three trading sessions.

Retail gasoline prices have some distance to cover to match the rise in crude oil prices, and so even as crude prices now...

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REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

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Message Posted: Jul 21, 2013 7:45:09 AM

good one, Chazzer, just not going to happen.
Chazzer
Champion Author Nevada

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Message Posted: Jul 20, 2013 6:13:55 PM

Let it seek its own level.
honda0105
Champion Author Tallahassee

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Message Posted: Jul 20, 2013 12:08:34 AM

Clayton: not if PigOil has its way...
Clayton2000
Champion Author South Carolina

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Message Posted: Jul 19, 2013 6:29:11 AM

Lets see it drop
honda0105
Champion Author Tallahassee

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Message Posted: Jul 19, 2013 5:44:03 AM

wouldn't mind if barrel were to slip to $50 again.
gas_phil
Champion Author Sacramento

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Message Posted: Jul 16, 2013 2:54:08 PM

we need it to half-price ok?!
bobcatfan
Champion Author Kentucky

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Points:1,372,060
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Message Posted: Jul 16, 2013 12:41:32 PM

Egypt didn't explode, so the excuse for pushing prices has disappeared.
randyragon
All-Star Author Gary

Posts:634
Points:20,685
Joined:Oct 2012
Message Posted: Jul 16, 2013 12:35:03 PM

Has anyone else noticed that there hasn't been a MasterCard SpendingPulse Gasoline purchase weekly report since February? Once that stopped, we had no real indicator of what is spent in the U.S. versus the processed products they are exporting. Rules had been put in place that our crude couldn't be exported, but as long as it had some type of processing, then out of the country it could go.
Jeff4U
Champion Author Atlanta

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Message Posted: Jul 16, 2013 11:37:39 AM

Crude is now at $105.92
stopforgas
Champion Author Mississippi

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Message Posted: Jul 16, 2013 9:09:52 AM

i hope so
Donatelo
Champion Author Dayton

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Message Posted: Jul 16, 2013 8:49:30 AM

i'm tired of all the up and down gas prices.
gmcgas
Champion Author Atlanta

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Message Posted: Jul 16, 2013 6:27:39 AM

looks to be another record year to me.
pitamon
Champion Author Philadelphia

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Message Posted: Jul 16, 2013 6:14:05 AM

We hope it will come down.
bikerWI
Champion Author Milwaukee

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Message Posted: Jul 16, 2013 6:06:02 AM

What goes up has to come down.
Jeffro61
Champion Author Cleveland

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Message Posted: Jul 16, 2013 6:05:42 AM

Greed
Petrock
Champion Author Lexington

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Message Posted: Jul 16, 2013 6:05:37 AM

Crude oil closed up yesterday and is back up overnight and the morning. It appears headed through the roof!
NJColt
Champion Author New Jersey

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Message Posted: Jul 16, 2013 6:05:04 AM

23 cents in 3 days... c'mon now.
robmschn
Veteran Author Oklahoma

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Joined:May 2013
Message Posted: Jul 16, 2013 6:04:08 AM

When is a rally in crude oil prices supposed to be good news?
kirzon484
Champion Author Atlanta

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Message Posted: Jul 16, 2013 5:58:49 AM

old news
bassakwards007
Champion Author Orange County

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Message Posted: Jul 16, 2013 5:57:44 AM

Most probably
alphanyr
Champion Author Connecticut

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Message Posted: Jul 16, 2013 5:57:23 AM

One can only hope
stpetebp
Champion Author Tampa

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Message Posted: Jul 16, 2013 5:56:14 AM

Any excuse to raise prices
rogerparry
Champion Author Florida

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Message Posted: Jul 16, 2013 5:55:38 AM

Why did the prices rise?
mickeymike
Champion Author Pennsylvania

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Message Posted: Jul 16, 2013 5:54:21 AM

As long a there are speculators, there will be uncertainty!
jacob5066
Champion Author College Station

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Message Posted: Jul 16, 2013 5:54:05 AM

Doubt it has lost its legs
MopedTime
Champion Author Michigan

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Message Posted: Jul 16, 2013 5:53:35 AM

What happened to fracking? OPEC got the better hands now?
2khawk
Champion Author Iowa

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Message Posted: Jul 16, 2013 5:52:13 AM

Went up again yesterday so I'll believe it when I see it.
pfone1847
Champion Author Illinois

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Message Posted: Jul 16, 2013 5:51:36 AM

The legs around here seem to be able to jump
TheeRedRam
Champion Author Hartford

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Message Posted: Jul 16, 2013 5:50:56 AM

Old story
metrojeep
Champion Author Fort Worth

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Message Posted: Jul 16, 2013 5:45:17 AM

Prices at the pump have gone up again here in the past 7 days.
rjd1608
Champion Author Toledo

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Message Posted: Jul 16, 2013 5:43:38 AM

Crude went up in price yesterday.
FocusST2
Champion Author North Carolina

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Message Posted: Jul 16, 2013 5:42:49 AM

It still has legs at the pump.
sparkie951
Champion Author Roanoke

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Message Posted: Jul 16, 2013 5:40:40 AM

Prices should be going down. There is plenty of crude... Process and sell it.
neptune2008
Champion Author Michigan

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Message Posted: Jul 16, 2013 5:39:41 AM

admitted manipulation...sick
Lengas
Champion Author Gary

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Message Posted: Jul 16, 2013 5:38:41 AM

Big Oil Manipulation
Brucevanf
Champion Author New Brunswick

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Message Posted: Jul 16, 2013 5:37:45 AM

more greed
AKmailman
Champion Author Alaska

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Message Posted: Jul 16, 2013 5:37:24 AM

yes, the media has done it's damage, the profits have been taken
and the consumer has been scre*** once again
SavingInNC
Champion Author North Carolina

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Message Posted: Jul 16, 2013 5:37:11 AM

Constantly going up, greedy pigs
AvantiMick
Champion Author Indiana

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Message Posted: Jul 16, 2013 5:35:05 AM

Gas up 50+ cents in 2 weeks!!
hockey_24
Champion Author KW

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Message Posted: Jul 16, 2013 5:34:30 AM

will keep rising i am sure
w4kh
Champion Author Tennessee

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Message Posted: Jul 16, 2013 5:34:02 AM

If we could clear the speculators from banks and hedge funds who never intend to take delivery of a single drop of crude oil, we might actually get back to supply and demand with reasonable prices around $80-90/barrel
werich44
Champion Author California

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Message Posted: Jul 16, 2013 5:32:44 AM

The price of oil is destroying the economy.
epf
Champion Author Grand Rapids

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Message Posted: Jul 16, 2013 5:32:37 AM

All I know for certain is the cost at the pump is up.
GoBlazers
Champion Author Washington

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Joined:Dec 2008
Message Posted: Jul 16, 2013 5:32:07 AM

Old.
GLM4205
Champion Author Toledo

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Message Posted: Jul 16, 2013 5:30:24 AM

Speculators at work..
afghaned
Champion Author Ottawa

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Message Posted: Jul 16, 2013 5:29:32 AM

With so much oil available the increase in price is criminal.
BadBob1945
Sophomore Author Ohio

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Joined:Aug 2012
Message Posted: Jul 16, 2013 5:29:18 AM

ok
442Nut
Champion Author Massachusetts

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Message Posted: Jul 16, 2013 5:21:52 AM

pain at the pump
Beau2140
Champion Author New York

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Message Posted: Jul 16, 2013 5:20:06 AM

Crude price is way out of line.
StrangeLuv
Champion Author Kansas City

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Message Posted: Jul 16, 2013 5:18:52 AM

Prices are going up.
74celica
Champion Author Columbus

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Joined:May 2006
Message Posted: Jul 16, 2013 5:18:40 AM

still too high
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