Not Logged In Log In   Sign Up   Points Leaders
Follow Us    8:05 AM

GasBuddy News Article

55
votes
Oil Futures Halt Three-Day Decline As Equities Point Higher

Dow Jones Newswires -- Oil futures rebounded, halting a three-session decline as equities pointed higher and a North Sea oil platform remained down.

Light, sweet crude for April delivery rose 35 cents, or 0.4%, to $90.47 a barrel on the New York Mercantile Exchange. Brent crude on ICE Futures Europe rose 78 cents, or 0.7%, to $110.87 a barrel.

Traders hesitated to push U.S. oil futures below the $90 threshold following a three-session decline, analysts said, and were encouraged by a strong start to U.S. equities trading.

"From a technical viewpoint maybe the correction is over," said Phil Flynn, analyst at Price Futures Group in Chicago.


Read the Full Article

Submitted Mar 06, 2013 By: RENEGADEGAS
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil Futures Halt Three-Day Decline As Equities Point Higher Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
rocky23hy
Champion Author Massachusetts

Posts:2,929
Points:2,000,435
Joined:Sep 2003
Message Posted: Mar 7, 2013 12:08:49 PM

"paper barrels" of oil... Banks control the paper.

Attorney General Eric Holder said that the size of Wall St. banks has an "inhibiting impact" on prosecutions:

Also, I wonder how many times KY jelly has been mentioned in this blog...

[Edited by: rocky23hy at 3/7/2013 12:10:42 PM EST]
Profile Pic
52MPG
Champion Author Dayton

Posts:8,920
Points:2,070,930
Joined:Apr 2006
Message Posted: Mar 7, 2013 7:16:42 AM

Follow the bouncing ball...
Profile Pic
gravityhurts
Champion Author North Carolina

Posts:5,597
Points:1,258,335
Joined:Sep 2008
Message Posted: Mar 7, 2013 7:15:18 AM

I concur with yardslave, a familiar smell.
Profile Pic
yardslave
Champion Author Oklahoma City

Posts:4,236
Points:928,210
Joined:Dec 2005
Message Posted: Mar 7, 2013 5:57:20 AM

I smell a speculator...
Profile Pic
DrCashFlow
Champion Author Massachusetts

Posts:8,677
Points:1,952,825
Joined:Jun 2008
Message Posted: Mar 7, 2013 3:49:52 AM

noise
Profile Pic
Focus2
Champion Author Illinois

Posts:8,113
Points:2,025,860
Joined:Mar 2006
Message Posted: Mar 7, 2013 12:22:38 AM

More manipulation.
Profile Pic
Zonk
Champion Author Michigan

Posts:8,111
Points:2,426,815
Joined:Oct 2005
Message Posted: Mar 7, 2013 12:19:43 AM

The roller coaster is starting to roll once again.
Profile Pic
rahcat
Champion Author Grand Rapids

Posts:4,325
Points:993,600
Joined:Jan 2010
Message Posted: Mar 7, 2013 12:18:01 AM

We will be paying more in the near future.
Profile Pic
boatfloyd
Champion Author Jacksonville

Posts:3,392
Points:718,540
Joined:Mar 2012
Message Posted: Mar 7, 2013 12:14:07 AM

Gold went up a little to.
Profile Pic
obimerrill
Champion Author Cincinnati

Posts:3,095
Points:620,290
Joined:Jul 2012
Message Posted: Mar 7, 2013 12:11:55 AM

Speculation again!
Profile Pic
iFueler
Champion Author Durham

Posts:73,138
Points:508,375
Joined:Nov 2012
Message Posted: Mar 7, 2013 12:11:01 AM

 
Profile Pic
tedjm1
Champion Author New York

Posts:5,609
Points:801,050
Joined:Dec 2006
Message Posted: Mar 7, 2013 12:08:36 AM

Lower.....
Profile Pic
Glock26
Champion Author Dayton

Posts:3,110
Points:950,055
Joined:Mar 2011
Message Posted: Mar 7, 2013 12:07:18 AM

It needs to drop hard and fast!!!
Profile Pic
jetskijerry
Champion Author North Carolina

Posts:5,548
Points:1,102,495
Joined:Mar 2011
Message Posted: Mar 7, 2013 12:06:40 AM

crooks
Profile Pic
jetskijerry
Champion Author North Carolina

Posts:5,548
Points:1,102,495
Joined:Mar 2011
Message Posted: Mar 7, 2013 12:06:26 AM

Any excuse for an increase.
Profile Pic
Rageagainsttm
Champion Author Tampa

Posts:9,868
Points:2,223,105
Joined:Jul 2007
Message Posted: Mar 7, 2013 12:06:25 AM

It probably will mean higher prices.
Profile Pic
SteelPenny
Champion Author Dallas

Posts:34,633
Points:2,935,390
Joined:Sep 2005
Message Posted: Mar 7, 2013 12:06:04 AM

Right.
Profile Pic
bvrbill
Champion Author Eugene

Posts:5,810
Points:848,600
Joined:Jul 2011
Message Posted: Mar 7, 2013 12:05:32 AM

Let's hope this doesn't raise prices at the pump.
Profile Pic
JasTheAce
Champion Author Raleigh

Posts:2,605
Points:502,575
Joined:Nov 2012
Message Posted: Mar 7, 2013 12:04:52 AM

ok
Profile Pic
pv2004
Champion Author Connecticut

Posts:1,261
Points:629,505
Joined:Jun 2004
Message Posted: Mar 7, 2013 12:01:43 AM

:'(
Profile Pic
wcp3rd
All-Star Author New Jersey

Posts:774
Points:592,775
Joined:Mar 2012
Message Posted: Mar 7, 2013 12:00:23 AM

ok
Profile Pic
Holly123
Champion Author Charlotte

Posts:4,657
Points:1,109,715
Joined:Dec 2010
Message Posted: Mar 6, 2013 11:59:26 PM

Ok
Profile Pic
clermont40miles
Champion Author Cincinnati

Posts:12,715
Points:2,100,885
Joined:Apr 2008
Message Posted: Mar 6, 2013 11:57:02 PM

Prices are stable at a very high price.

Needs to fall at least $10 a barrel.
Profile Pic
Math6149
All-Star Author Jacksonville

Posts:918
Points:2,070,160
Joined:Jan 2007
Message Posted: Mar 6, 2013 11:56:46 PM

Looks speculators are back at it again under the order of obammmmaaaa.
Profile Pic
grt197
Champion Author Illinois

Posts:2,069
Points:442,400
Joined:Jan 2013
Message Posted: Mar 6, 2013 11:54:18 PM

is a reason to hike prices
Profile Pic
brprven
Champion Author Dallas

Posts:2,286
Points:614,660
Joined:Jun 2012
Message Posted: Mar 6, 2013 11:53:25 PM

ok
Profile Pic
BeeDee53
All-Star Author Ontario

Posts:500
Points:296,750
Joined:May 2012
Message Posted: Mar 6, 2013 11:52:21 PM

No chnge in demand though
Profile Pic
CCLighthouse
Champion Author Hartford

Posts:1,508
Points:318,315
Joined:Aug 2012
Message Posted: Mar 6, 2013 11:50:35 PM

Aye Carrumba!
Profile Pic
prassu2012
Champion Author Illinois

Posts:2,249
Points:474,040
Joined:Dec 2012
Message Posted: Mar 6, 2013 11:48:25 PM

ok
Profile Pic
southrob
Champion Author Tucson

Posts:5,246
Points:1,012,125
Joined:Mar 2011
Message Posted: Mar 6, 2013 11:47:00 PM

dhan
Profile Pic
Topless2012
Champion Author Twin Cities

Posts:4,118
Points:811,515
Joined:Jan 2012
Message Posted: Mar 6, 2013 11:46:44 PM

If you say so
Profile Pic
cwashi3324
Champion Author Cincinnati

Posts:3,508
Points:733,525
Joined:May 2009
Message Posted: Mar 6, 2013 11:43:59 PM

Yeah, ok.
Profile Pic
gasmack
Champion Author Ventura

Posts:2,867
Points:950,350
Joined:Feb 2011
Message Posted: Mar 6, 2013 11:43:50 PM

And here come the usual price gyrations-ever upward.
Profile Pic
Ready Eddie
Champion Author Twin Cities

Posts:7,457
Points:1,673,245
Joined:Feb 2003
Message Posted: Mar 6, 2013 11:43:32 PM

pure speculation
Profile Pic
ldiggy
Champion Author Wilmington

Posts:2,274
Points:614,295
Joined:Apr 2012
Message Posted: Mar 6, 2013 11:41:38 PM

Wishful thinking.
Profile Pic
GigHarborHound
Champion Author Tacoma

Posts:4,033
Points:785,610
Joined:Sep 2011
Message Posted: Mar 6, 2013 11:41:15 PM

OK
Profile Pic
WIWalt
Champion Author Wisconsin

Posts:3,283
Points:740,420
Joined:Mar 2012
Message Posted: Mar 6, 2013 11:39:00 PM

Just another excuse to raise prices
Profile Pic
HailstormCA
Champion Author San Diego

Posts:9,234
Points:1,748,820
Joined:Nov 2008
Message Posted: Mar 6, 2013 11:37:19 PM

Bumadaba, bumadaba, bumadaba...
Profile Pic
txkrb
Champion Author Texas

Posts:2,275
Points:929,755
Joined:May 2011
Message Posted: Mar 6, 2013 11:37:15 PM

No oil was down 39 cents today
Hell this is the third time in the last few weeks an article is written before the markets close and they get the days activity wrong
Profile Pic
troutbum7
All-Star Author Nevada

Posts:938
Points:382,480
Joined:Oct 2012
Message Posted: Mar 6, 2013 11:34:48 PM

Price Futures Group in Chicago! Well that says it all we are in trouble look what else came from there (or Kenya).
Profile Pic
hank1326
Champion Author Los Angeles

Posts:10,254
Points:2,042,485
Joined:Jun 2008
Message Posted: Mar 6, 2013 11:32:25 PM

Meanwhile we are getting raked at the pumps.
Profile Pic
dasimon
All-Star Author Florida

Posts:556
Points:579,650
Joined:Mar 2011
Message Posted: Mar 6, 2013 11:28:25 PM

Ok
Profile Pic
SavALot
Champion Author Virginia Beach

Posts:10,096
Points:2,039,635
Joined:Apr 2005
Message Posted: Mar 6, 2013 11:24:10 PM

future is bright?
Profile Pic
snagged
Veteran Author Akron

Posts:446
Points:201,730
Joined:Oct 2012
Message Posted: Mar 6, 2013 11:20:54 PM

Three days down. Sounds like a rock group.
Profile Pic
DEG
Champion Author Las Vegas

Posts:19,213
Points:3,812,705
Joined:Jul 2003
Message Posted: Mar 6, 2013 11:17:59 PM

Speculators doing what they do.
Profile Pic
ScottTee
Champion Author Detroit

Posts:6,022
Points:1,387,930
Joined:Mar 2010
Message Posted: Mar 6, 2013 11:17:52 PM

Up, up and away
Profile Pic
pgerassi
Champion Author Milwaukee

Posts:12,566
Points:2,462,685
Joined:Apr 2007
Message Posted: Mar 6, 2013 11:16:28 PM

Wishful thinking.
Profile Pic
Gas4Gore
Champion Author Detroit

Posts:3,370
Points:600,885
Joined:Jan 2010
Message Posted: Mar 6, 2013 11:15:25 PM

Oh my.
Profile Pic
Trowinsamoan
Champion Author Los Angeles

Posts:2,347
Points:478,850
Joined:Nov 2012
Message Posted: Mar 6, 2013 11:13:38 PM

Wow three whole days?
Profile Pic
wayoung56
Champion Author Alabama

Posts:4,355
Points:1,136,410
Joined:Oct 2006
Message Posted: Mar 6, 2013 11:11:07 PM

Hmmm...
Post a reply Back to Topics