Not Logged In Log In   Sign Up   Points Leaders
Follow Us    2:50 PM

GasBuddy News Article

42
votes
Oil futures hurt by inventory data, euro-zone PMI

MarketWatch -- LONDON (MarketWatch) — Oil futures extended their losses on Thursday, falling sharply amid a rising dollar and after data showing higher-than-expected U.S. crude inventories, while weak euro-zone further hampered sentiment.

April U.S. crude oil /quotes/zigman/2291772 CLJ3 -1.61% lost $1.24, or 1.3%, to trade at $94.02 a barrel, adding to the heavy losses suffered on the New York Mercantile Exchange the previous day.

The April contract had dropped $1.88, or 1.9%, during the Wednesday Nymex session, partly due to concern over a large block of sales, as well as talk that Saudi Arabia may raise its crude production. Read: Oil ends lower; large trade spurs fund speculation

Meanwhile, rival London-traded Brent North Sea crude also lost ground Thursday. April Brent futures /quotes/zi


Read the Full Article

Submitted Feb 21, 2013 By: WxVette
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil futures hurt by inventory data, euro-zone PMI Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
Canucktree
Champion Author Alberta

Posts:6,135
Points:1,297,505
Joined:Dec 2008
Message Posted: Feb 22, 2013 10:16:41 AM

Yawn.
Profile Pic
afghaned
Champion Author Ottawa

Posts:14,080
Points:1,622,285
Joined:May 2004
Message Posted: Feb 22, 2013 2:23:32 AM

Gas keeps up the climb.
Profile Pic
NedW
Champion Author Indianapolis

Posts:7,185
Points:1,450,840
Joined:Mar 2008
Message Posted: Feb 22, 2013 1:10:39 AM

Thank you for submitting this article, WxVette.
Profile Pic
KhelbenArunson
Champion Author Michigan

Posts:6,106
Points:1,049,100
Joined:Apr 2008
Message Posted: Feb 21, 2013 11:36:23 PM

Good.
Profile Pic
MotoDad
Champion Author Phoenix

Posts:1,702
Points:1,088,365
Joined:Sep 2006
Message Posted: Feb 21, 2013 11:35:15 PM

go down more
Profile Pic
montytexas
Champion Author Houston

Posts:3,819
Points:1,681,015
Joined:Jun 2006
Message Posted: Feb 21, 2013 10:55:21 PM

Let us wait and see what happens over the next few months as we emerge from winter to spring.....
Profile Pic
scubadaniel
Champion Author Dayton

Posts:3,024
Points:1,024,145
Joined:Jan 2011
Message Posted: Feb 21, 2013 10:14:18 PM

OMG.
Profile Pic
milespergallon
Champion Author Illinois

Posts:11,336
Points:2,235,395
Joined:Feb 2007
Message Posted: Feb 21, 2013 10:00:41 PM

Another interesting time where the pump prices skyrocketed immediately and we wait and wait and wait and wait and wait for the drip down when oil drops
Profile Pic
BKool
Champion Author Michigan

Posts:5,665
Points:2,017,620
Joined:Aug 2005
Message Posted: Feb 21, 2013 9:58:31 PM

ok
Profile Pic
AKmailman
Champion Author Alaska

Posts:7,314
Points:1,889,095
Joined:Jul 2004
Message Posted: Feb 21, 2013 9:57:29 PM

Why should we care how they do it in Europe?
We have all the oil be need here and in Canada
Profile Pic
Chillywilly
Champion Author Winnipeg

Posts:2,097
Points:580,645
Joined:Mar 2004
Message Posted: Feb 21, 2013 9:56:01 PM

Right on, Pete12!
Profile Pic
Blue48
Champion Author Illinois

Posts:8,986
Points:1,974,145
Joined:Feb 2007
Message Posted: Feb 21, 2013 9:55:04 PM

WHATEVER!
Profile Pic
colaguy
Champion Author Columbia

Posts:4,061
Points:1,215,680
Joined:Oct 2008
Message Posted: Feb 21, 2013 9:54:23 PM

ok
Profile Pic
bababooey2
Champion Author Hartford

Posts:8,048
Points:1,639,250
Joined:Sep 2009
Message Posted: Feb 21, 2013 9:45:59 PM

No it is hurt by blood sucking speculators.
Profile Pic
Pete12
Champion Author Albany

Posts:5,480
Points:1,866,470
Joined:Nov 2005
Message Posted: Feb 21, 2013 9:42:34 PM

You mean oil futures were helped, in the eyes of the consumer.
Profile Pic
dasimon
All-Star Author Florida

Posts:556
Points:579,650
Joined:Mar 2011
Message Posted: Feb 21, 2013 9:40:30 PM

For how long though.
Profile Pic
sickhp
Champion Author San Antonio

Posts:2,705
Points:836,145
Joined:Sep 2011
Message Posted: Feb 21, 2013 9:39:59 PM

Drill baby drill.
Profile Pic
barbs24
Champion Author Virginia Beach

Posts:4,593
Points:2,369,135
Joined:Feb 2006
Message Posted: Feb 21, 2013 9:39:53 PM

I'm sick of this.
Profile Pic
texasvet
Champion Author Texas

Posts:4,720
Points:416,330
Joined:Jul 2009
Message Posted: Feb 21, 2013 9:39:46 PM

OPEC will go back to manipulating the world supply to get the price back up.
Profile Pic
Spankster85
Champion Author Chicago

Posts:3,315
Points:688,660
Joined:Nov 2011
Message Posted: Feb 21, 2013 9:32:25 PM

Alrighty then.
Profile Pic
medic319
All-Star Author Akron

Posts:756
Points:496,300
Joined:Mar 2012
Message Posted: Feb 21, 2013 9:32:11 PM

Hopefully the price is still down at the close of the contract. It usually falls in time to buy and miraculously recovers just in time to close the contract. market manipulation anyone?
Profile Pic
yeehaw1073
Champion Author Indiana

Posts:3,721
Points:2,170,675
Joined:May 2004
Message Posted: Feb 21, 2013 9:31:33 PM

still waiting for gas prices to see any significant change from this.
Profile Pic
briinnc
Champion Author North Carolina

Posts:2,705
Points:834,820
Joined:Jan 2010
Message Posted: Feb 21, 2013 9:26:59 PM

They're hurting us.
Profile Pic
GoGoGoodyear
Champion Author Los Angeles

Posts:3,447
Points:690,690
Joined:Mar 2010
Message Posted: Feb 21, 2013 9:25:18 PM


Oh well, they gambled and this time they lost. Either way it hasn't helped the gasoline prices.
Profile Pic
CheapDiesel
Champion Author Indianapolis

Posts:1,310
Points:236,005
Joined:Nov 2005
Message Posted: Feb 21, 2013 9:25:18 PM

It seems at some point somebody would figure out that this lousy economy will not support the artificially high prices. Considering the track record of the POTUS, there will not be any improvement in the economy for at least another 4 years.
Profile Pic
camel1
Champion Author Minnesota

Posts:9,934
Points:2,598,290
Joined:Jul 2006
Message Posted: Feb 21, 2013 9:24:20 PM

nice break. will retail prices adjust downward? I doubt we will see it soon.
Profile Pic
mst150
Champion Author Detroit

Posts:3,696
Points:494,805
Joined:Dec 2012
Message Posted: Feb 21, 2013 9:23:45 PM

Yes
Profile Pic
Ken2OD
Champion Author Grand Rapids

Posts:10,751
Points:2,306,160
Joined:Dec 2005
Message Posted: Feb 21, 2013 9:22:47 PM

"Number scrambling" based on oil speculation is a big joke!
Profile Pic
Mystikal1
Veteran Author Akron

Posts:306
Points:904,570
Joined:May 2011
Message Posted: Feb 21, 2013 9:21:04 PM

Oil futures hurt by inventory data while I'm hurt by ridiculous gas prices. Guess who is hurting more.
Profile Pic
swrestler
Champion Author Grand Rapids

Posts:7,810
Points:1,908,090
Joined:Oct 2008
Message Posted: Feb 21, 2013 9:19:40 PM

Then Why Are Gas Prices Still Going Up????
Profile Pic
DABEE1073
Champion Author San Diego

Posts:10,030
Points:1,908,150
Joined:Jun 2008
Message Posted: Feb 21, 2013 9:18:48 PM

Don't your heart just pump 'you know what' for them.
Profile Pic
Wierbe
Champion Author Cincinnati

Posts:5,404
Points:1,450,665
Joined:Apr 2006
Message Posted: Feb 21, 2013 9:15:34 PM

SOMEbody's making a killing on the mess and it sure isn't me!
Profile Pic
bevmill
Champion Author Georgia

Posts:4,181
Points:930,945
Joined:Apr 2006
Message Posted: Feb 21, 2013 9:10:22 PM

Okay, but gas prices are still going up, up and away.
Profile Pic
s6sputnik
Champion Author Austin

Posts:7,219
Points:1,611,540
Joined:Jun 2007
Message Posted: Feb 21, 2013 9:08:03 PM

Makes you sick!
Profile Pic
ESCORT6768
Champion Author Iowa

Posts:2,075
Points:812,920
Joined:Sep 2005
Message Posted: Feb 21, 2013 9:07:53 PM

Inventories up, crude oil prices down, price at the pump keeps going up. When is the government going to step in and deal with these price gouging crooks?
Profile Pic
mplato
Champion Author Columbia

Posts:9,886
Points:2,146,120
Joined:Jun 2004
Message Posted: Feb 21, 2013 9:02:12 PM

inventory in this industry means nothing to prices
Profile Pic
gobux10
Champion Author Ohio

Posts:4,212
Points:886,680
Joined:Mar 2010
Message Posted: Feb 21, 2013 9:01:49 PM

Just a game for some
Profile Pic
dollarwatcher
Champion Author Wisconsin

Posts:9,263
Points:1,808,510
Joined:Mar 2007
Message Posted: Feb 21, 2013 9:01:28 PM

Hope the local pump jocks see this article. Went up another 5 cents today to 3.79.
Profile Pic
rampower80
Champion Author Kentucky

Posts:3,646
Points:794,965
Joined:Jan 2012
Message Posted: Feb 21, 2013 8:55:46 PM

Oil needs to be about half what it currently is based up growing inventory levels and slightly receeding demand.
Profile Pic
slowpoke63
Champion Author Louisiana

Posts:4,084
Points:1,145,515
Joined:Jul 2009
Message Posted: Feb 21, 2013 8:54:24 PM

While pump prices continue to climb!
Profile Pic
gass12
Champion Author Omaha

Posts:10,016
Points:2,637,185
Joined:Oct 2005
Message Posted: Feb 21, 2013 8:53:02 PM

More Bull.
Profile Pic
StraKat
Champion Author Ohio

Posts:4,380
Points:842,135
Joined:Jan 2011
Message Posted: Feb 21, 2013 8:52:28 PM

The higher the price, the less I drive.
Profile Pic
TXHUNTER1
Champion Author Austin

Posts:2,717
Points:335,430
Joined:Dec 2006
Message Posted: Feb 21, 2013 8:52:12 PM

Prices keep going up.
Profile Pic
DEG
Champion Author Las Vegas

Posts:19,233
Points:3,817,705
Joined:Jul 2003
Message Posted: Feb 21, 2013 8:50:50 PM

The US economy will slow with the ever rising gas prices.
Profile Pic
liz72601
Rookie Author Arkansas

Posts:48
Points:195,135
Joined:Sep 2011
Message Posted: Feb 21, 2013 8:50:26 PM

they are not getting their money so they put it on us poor people who can't afford to fill up their tanks and can't get in to the doctors but the government says that is ok by them
Profile Pic
snagged
Veteran Author Akron

Posts:446
Points:202,630
Joined:Oct 2012
Message Posted: Feb 21, 2013 8:49:21 PM

Gas is down here by a few pennys.
Profile Pic
Christiankm
Rookie Author Boston

Posts:8
Points:433,985
Joined:Apr 2012
Message Posted: Feb 21, 2013 8:46:21 PM

more oil bullshit
Profile Pic
sent4456
Champion Author Toronto

Posts:2,920
Points:2,455,820
Joined:Mar 2006
Message Posted: Feb 21, 2013 8:43:45 PM

Just because people like you and me driving less.

Profile Pic
falcons
Champion Author North Dakota

Posts:12,433
Points:2,699,665
Joined:Dec 2004
Message Posted: Feb 21, 2013 8:40:00 PM

force specutlators totake delivery and store their oil/gas for a mimimun of THREE months
Profile Pic
darkknight1
Champion Author Winston-Salem

Posts:6,005
Points:1,232,035
Joined:Nov 2010
Message Posted: Feb 21, 2013 8:39:43 PM

Then gas should drop but it isn't. So...
Post a reply Back to Topics