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Oil heads back down as dollar revives

MarketWatch -- Benchmark U.S. crude-oil futures slipped in electronic trade Tuesday, surrendering some gains as the dollar staged a modest rebound.

During Asian trading hours, the New York Mercantile Exchange crude contract for February lost 39 cents, or 0.4%, to trade at $93.75 a barrel.

The rival benchmark Brent crude also moved lower, with the February Brent contract -0.08% down 0.3% at $111.52 a barrel on ICE Futures in London.

The losses followed a 0.6% gain for Nymex crude during Monday’s regular floor session, as a weaker dollar helped send the contract to its highest point in almost four months.

However, the forex support faded as the dollar moved back up Tuesday. The ICE dollar index, measuring the U.S. currency against six rivals, rose to 79.546 from 79.493 around the time of Monday’s ...


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Submitted Jan 15, 2013 By: brbaritone
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil heads back down as dollar revives Back to Topics
REPLIES (newest first) Post a Reply
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honda0105
Champion Author Tallahassee

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Message Posted: Jan 18, 2013 5:52:17 AM

nice roller coaster ride... as always -- and a steady trend upward no matter how often it falls.
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dockersbin
Veteran Author North Carolina

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Points:752,525
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Message Posted: Jan 16, 2013 10:13:01 AM

then it will go back up.. then down then up.
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52MPG
Champion Author Dayton

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Message Posted: Jan 16, 2013 10:11:58 AM

Up Down up down up down up do.............
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virostek
Veteran Author Virginia

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Message Posted: Jan 16, 2013 9:36:01 AM

Not seeing it.
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SkooterG
Champion Author Phoenix

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Message Posted: Jan 16, 2013 3:45:44 AM

Big deal.
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rahcat
Champion Author Grand Rapids

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Message Posted: Jan 16, 2013 12:17:33 AM

Just have the Treasury print more money and the dollar will sink again.
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pa79th
Champion Author Pennsylvania

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Message Posted: Jan 16, 2013 12:16:45 AM

Just wait until the dollar catches up to the Whie House's war on our economy!
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wshokie12
Champion Author Winston-Salem

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Message Posted: Jan 16, 2013 12:16:37 AM

Okay.
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tedjm1
Champion Author New York

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Message Posted: Jan 16, 2013 12:16:25 AM

Gas prices will rise.
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crreed1
Champion Author West Virginia

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Message Posted: Jan 16, 2013 12:15:58 AM

3.45 a gal here
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bvrbill
Champion Author Eugene

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Message Posted: Jan 16, 2013 12:15:21 AM

It's sure not down at the pump.
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unicornpmb
Champion Author Buffalo

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Message Posted: Jan 16, 2013 12:14:02 AM

Now if we only put oil not gas into our cars. Diesel not included.
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Tsunamiron
Champion Author Jacksonville

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Message Posted: Jan 16, 2013 12:13:10 AM

I don't see gas prices going down any.
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madison8359
Champion Author Cleveland

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Message Posted: Jan 16, 2013 12:12:37 AM

Still hovering around $100 and retail is steady.
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yyc2yow
Champion Author Ottawa

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Message Posted: Jan 16, 2013 12:12:36 AM

down down you go ... yeah right
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SpankyMI
Champion Author Kalamazoo

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Message Posted: Jan 16, 2013 12:11:41 AM

Needs to get "down" to around $50 a barrel!
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UpSol7
Champion Author Augusta

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Message Posted: Jan 16, 2013 12:09:29 AM

Fluctuation happens.
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Focus2
Champion Author Illinois

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Message Posted: Jan 16, 2013 12:09:13 AM

And why shouldn't the dollar get strong with all American oil?
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VanIsleLes
All-Star Author British Columbia

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Message Posted: Jan 16, 2013 12:08:25 AM

Prices are still low, but they've been a little lower in the fall
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jdevlin
All-Star Author Ontario

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Message Posted: Jan 16, 2013 12:06:41 AM

Price hasn't dropped here for some time.
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medic319
All-Star Author Akron

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Message Posted: Jan 16, 2013 12:06:20 AM

Hasn't helped the price at the pump very much!
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sjhman
Veteran Author Atlanta

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Message Posted: Jan 16, 2013 12:05:47 AM

Keep going down down down!
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splitrman
Champion Author Victoria

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Message Posted: Jan 16, 2013 12:03:43 AM

Gas droped a whopping 4 cents a gallon today in Victoria BC to a mere $4.56 a gallon.
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PrinceLH
Champion Author Ontario

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Message Posted: Jan 16, 2013 12:03:24 AM

It's being tampered with!
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jetskijerry
Champion Author North Carolina

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Message Posted: Jan 16, 2013 12:03:05 AM

too high
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Lizzylou
Champion Author Stockton

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Message Posted: Jan 16, 2013 12:02:37 AM

Now if the gas would go down!
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Doomsday64
All-Star Author Austin

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Message Posted: Jan 16, 2013 12:02:32 AM

For how long is the question.
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cheaper0ON
Champion Author Ontario

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Message Posted: Jan 16, 2013 12:02:15 AM

Agree with "Eugenian" comment.

[Edited by: cheaper0ON at 1/16/2013 12:02:46 AM EST]
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s6sputnik
Champion Author Austin

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Message Posted: Jan 15, 2013 11:58:33 PM

Some comments are really dumb!
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drillintheUSA
Champion Author Rochester

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Message Posted: Jan 15, 2013 11:57:41 PM

If the Federal Reserve has their way, our dollar will NEVER "revive".
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MrPony
All-Star Author North Carolina

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Message Posted: Jan 15, 2013 11:57:05 PM

Should bring gas prices down!
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BREW9
Champion Author Tampa

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Message Posted: Jan 15, 2013 11:55:19 PM

good
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SparkieMi
Champion Author Kalamazoo

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Message Posted: Jan 15, 2013 11:48:53 PM

Blg oil rules with the big $$$$$
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Rageagainsttm
Champion Author Tampa

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Message Posted: Jan 15, 2013 11:48:17 PM

For how long is the question.
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DCbeachbum
Champion Author South Carolina

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Message Posted: Jan 15, 2013 11:46:46 PM

The stronger dollar is the real news in this story. The crude dropping a few cents, not so much. However, I will take anything that may drop prices at the pump.
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Eugenian
Champion Author Oregon

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Message Posted: Jan 15, 2013 11:44:16 PM

Up or down, down or up. Every day it's up or down, down or up.
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REKEY
Champion Author South Carolina

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Message Posted: Jan 15, 2013 11:43:56 PM

The dollar rebounded? Wow!
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us4usa
Champion Author Missouri

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Message Posted: Jan 15, 2013 11:43:44 PM

Higher oil prices higher gas prices, lower oil prices higher gas prices...
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cheap59
Champion Author Michigan

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Message Posted: Jan 15, 2013 11:42:58 PM

GOOD!!
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Somis1
Champion Author Ventura

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Message Posted: Jan 15, 2013 11:37:48 PM

Wow, all of thirty nine cents!
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melvindale
Champion Author Michigan

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Message Posted: Jan 15, 2013 11:37:43 PM

Hurrah!
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Buddy2264
Champion Author Tampa

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Message Posted: Jan 15, 2013 11:37:12 PM

Now we would be happy at $3.00 when once it was $2.00. The only way to win, some, is with better MPG, but then price will just catch up as they will maintain the same profit margins and other costs will go up. There will be a good alternative and we will find it.
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SoutheastdannyB
All-Star Author Grand Rapids

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Message Posted: Jan 15, 2013 11:36:21 PM

hope it keeps going down.
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Mikeyl
Champion Author Cleveland

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Message Posted: Jan 15, 2013 11:35:25 PM

Less than a 1% drop and we've made the top five news?

We have become Big Brother upon ourselves. We want every bit of information we can access... and for what? What good can we make from this? Nothing. We are consumers. Not oil executives, producers, or refiners.

What is this world coming to?
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Is246
Champion Author Albuquerque

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Message Posted: Jan 15, 2013 11:33:00 PM

Keep going down.
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BCM1
Champion Author Pennsylvania

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Message Posted: Jan 15, 2013 11:32:01 PM

QE3 has hurt americans. That's why the dollar is worth less, soon to be worthless.

[Edited by: BCM1 at 1/15/2013 11:32:30 PM EST]
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tutaw
Champion Author Kentucky

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Message Posted: Jan 15, 2013 11:31:24 PM

good news
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OCTAPA
Champion Author Toronto

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Message Posted: Jan 15, 2013 11:29:43 PM

Not here, doesn't go down for weeks...
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geoutpb
Champion Author Midland Odessa

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Message Posted: Jan 15, 2013 11:23:03 PM

Price needs to keep going up.
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Carol7777
Champion Author Houston

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Message Posted: Jan 15, 2013 11:21:16 PM

Let's hope it keeps moving in that diection.
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