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Oil Declines for a Second Day After Iran Nuclear Talks

Bloomberg -- Oil fell a second day after the first international talks with Iran on its nuclear program in 15 months produced an agreement to reconvene in May.

Futures declined as much as 0.7 percent in New York after sliding 0.5 percent last week. United Nations Security Council members the U.S., U.K., China, France, and Russia plus Germany will meet Iranian delegates in Baghdad on May 23 following “constructive” talks in Istanbul on April 14, Catherine Ashton, the European Union’s foreign policy chief, said yesterday. Oil has advanced this year on concern that tension with Iran will disrupt global supplies.

“The flavor of those talks did seem a little more positive than the rhetoric of the past,” said David Lennox, an analyst at Fat Prophets in Sydney. “Between $90 and $100 a barrel would appear...


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Submitted Apr 16, 2012 By: Mudsprings
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REPLIES (newest first) Post a Reply
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amearly
Champion Author Michigan

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Message Posted: Apr 16, 2012 7:29:29 PM

Yet the price of fuel went up 5 cents here.
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dancygreen
Champion Author Twin Cities

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Message Posted: Apr 16, 2012 7:28:23 PM

regular went up 6 cents today in Westminster
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shea33
Champion Author Pensacola

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Message Posted: Apr 16, 2012 7:26:22 PM

here we go again
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timbyus1
Champion Author Fort Worth

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Message Posted: Apr 16, 2012 7:25:49 PM

ok
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swrestler
Champion Author Grand Rapids

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Message Posted: Apr 16, 2012 7:25:10 PM

i Hope The Price At The Pump Goes Down Soon...
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pickledude72
Champion Author California

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Message Posted: Apr 16, 2012 7:23:54 PM

It's Yo-Yo time again folks
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Blue48
Champion Author Illinois

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Message Posted: Apr 16, 2012 7:22:04 PM

UP..DOWN..UP..DOWN!
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Hemi3tc
Veteran Author Vancouver

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Message Posted: Apr 16, 2012 7:21:53 PM

A few more months of talks to go. All talk so far.
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RBob
Champion Author Portland

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Message Posted: Apr 16, 2012 7:21:48 PM


Little connection with retail prices except as an excuse to raise the price.


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silverfoxv65
Champion Author Michigan

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Message Posted: Apr 16, 2012 7:21:26 PM

Just another dip in the rollar coaster ride!
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peanutsMN
Champion Author Twin Cities

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Message Posted: Apr 16, 2012 7:16:50 PM

OK
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blueeye
Champion Author Pennsylvania

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Message Posted: Apr 16, 2012 7:14:41 PM

Gas prices are way to high
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DCbeachbum
Champion Author South Carolina

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Message Posted: Apr 16, 2012 7:11:36 PM

I do not believe anything that comes out of Iran. Their people at some point will have to take control of their own country.
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drz614
Champion Author Harrisburg

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Message Posted: Apr 16, 2012 7:06:53 PM

Guess that story has worn thin. What will be the next excuse to drive up gas prices?
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teamsimons
Champion Author South Carolina

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Message Posted: Apr 16, 2012 7:05:01 PM

It seems we commented on this article recently and were astounded that the price of oil seems tied to the nuclear industry.
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hcivic
Champion Author Virginia

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Message Posted: Apr 16, 2012 7:01:38 PM

hhhhmmmmm
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Krykson
All-Star Author Chicago

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Message Posted: Apr 16, 2012 6:58:35 PM

Interesting
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jdc17327
Champion Author Pennsylvania

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Message Posted: Apr 16, 2012 6:58:26 PM

great! Let us hope for the best that it starts to come down!!!
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Dremwolf
Veteran Author Jacksonville

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Message Posted: Apr 16, 2012 6:58:18 PM

Kind of odd considering if Iran gets nuclear power they will not need to buy refined fuels. How will that help?
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fuelsaverMN
Champion Author Twin Cities

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Message Posted: Apr 16, 2012 6:57:19 PM

Gas prices are still way too high.
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fuelsaverMN
Champion Author Twin Cities

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Message Posted: Apr 16, 2012 6:56:50 PM

The speculators need to go down and put away in prison.
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fuelsaverMN
Champion Author Twin Cities

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Message Posted: Apr 16, 2012 6:56:06 PM

Than gas prices should go down!!!!
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mgune9
All-Star Author Dallas

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Message Posted: Apr 16, 2012 6:53:01 PM

do they really believe anything said out of iran??
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TekWare
Champion Author Toronto

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Message Posted: Apr 16, 2012 6:51:45 PM

Maybe so, but I'm not feeling the love.
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cmsense
Champion Author Columbus

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Message Posted: Apr 16, 2012 6:51:43 PM

Goes up fast, goes down-not so fast.
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toadNY
Champion Author Albany

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Message Posted: Apr 16, 2012 6:49:48 PM

B.S. oil was $103.410 Saturday an is still that today!
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thirty8paces
Champion Author Baltimore

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Message Posted: Apr 16, 2012 6:49:47 PM

Let them drop.
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REKEY
Champion Author South Carolina

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Message Posted: Apr 16, 2012 6:47:09 PM

Wow! 2 in a row!
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tom426
Sophomore Author Illinois

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Message Posted: Apr 16, 2012 6:42:55 PM

We will have to wait and see!
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k2kipp
Champion Author Minnesota

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Message Posted: Apr 16, 2012 6:42:14 PM

Iran is that real thick scum on the bottom of the barrel.
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listerone
Champion Author Boston

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Message Posted: Apr 16, 2012 6:40:48 PM

The talks are a sham.Iran knows it,the West knows it and,most importantly,Israel knows it.Even Hillary clinton took time out from her hard partying scehule to inform Iran that it was "urgent" that they change course.They won't...so Israel will act.Decisively.
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adgam
Champion Author Orange County

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Message Posted: Apr 16, 2012 6:40:44 PM

ok
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cutter1330
Champion Author Oklahoma

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Message Posted: Apr 16, 2012 6:38:22 PM

Let's see they agreed to meet again in May??????
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heysailor
Champion Author Pittsburgh

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Message Posted: Apr 16, 2012 6:36:51 PM

Hope the speculators lose
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jwduke1
Champion Author Iowa

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Message Posted: Apr 16, 2012 6:36:45 PM

But not at the pumps!
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cardjcsk
Champion Author Toronto

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Message Posted: Apr 16, 2012 6:36:19 PM

but like always price do not go down at the pumps
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dchiou
Champion Author San Jose

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Message Posted: Apr 16, 2012 6:31:33 PM

not's holding my breath
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Ticoman54
Champion Author Miami

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Message Posted: Apr 16, 2012 6:29:32 PM

Keep dropping. Way overpriced.
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Jeff1944
Champion Author South Dakota

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Message Posted: Apr 16, 2012 6:27:03 PM

Most people won't put much faith in Iranian talks.
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CDMAuto
Champion Author Connecticut

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Message Posted: Apr 16, 2012 6:26:15 PM

yet the prices keep rising at the pumps......
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crazycow2332
Champion Author Nashville

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Message Posted: Apr 16, 2012 6:25:46 PM

ok
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OKRifle
Champion Author Oklahoma City

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Message Posted: Apr 16, 2012 6:23:28 PM

Nuke Iran!
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FlyNFool
Champion Author South Carolina

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Message Posted: Apr 16, 2012 6:23:27 PM

Really, not at the pumps yet.
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aarrrt
Champion Author San Diego

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Message Posted: Apr 16, 2012 6:22:48 PM

Gas prices went up where I'm at today.
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singlemom27
Champion Author Ventura

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Message Posted: Apr 16, 2012 6:22:26 PM

Need to outlaw oil & gas speculation.
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robaloma
Champion Author Houston

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Message Posted: Apr 16, 2012 6:21:31 PM

yea?
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tjc09f
All-Star Author Tallahassee

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Message Posted: Apr 16, 2012 6:21:10 PM

One station here only went down a penny
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sjambok
Champion Author Nashville

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Message Posted: Apr 16, 2012 6:17:56 PM

all speculation, lol. When ErrorAn breaks off talks, watch the price zoom into the 150s. Again, LOL.
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nimpy
Champion Author Indianapolis

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Message Posted: Apr 16, 2012 6:13:46 PM

But the price will continue to go up
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SilentpartnerMN
Champion Author Minnesota

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Message Posted: Apr 16, 2012 6:13:24 PM

keep going down!
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IUVidiot
Champion Author Indiana

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Message Posted: Apr 16, 2012 6:07:03 PM

Drop baby drop
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aggietim
Champion Author Fort Worth

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Message Posted: Apr 16, 2012 6:03:58 PM

keep going down
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