Not Logged In Log In   Sign Up   Points Leaders
Follow Us    10:01 AM

GasBuddy News Article

51
votes
Oil falls below $97 per barrel as ample supplies weigh on US crude prices

Associated Press -- The price of oil slipped back below $97 a barrel Tuesday after a sharp rise the day before as supply remains ample and demand tepid.

Benchmark oil for March delivery was down 13 cents to $96.90 at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract on Monday gained $1.31 to finish at $97.03 a barrel on the Nymex as the euro strengthened against the dollar.

A strong euro tends to result in higher oil prices by making crude priced in dollars cheaper for traders using currencies other than the greenback.


Read the Full Article

Submitted Feb 12, 2013 By: RENEGADEGAS
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil falls below $97 per barrel as ample supplies weigh on US crude prices Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,400
Points:2,098,215
Joined:Nov 2008
Message Posted: Feb 17, 2013 5:43:11 AM

lots of BS to put sand into the eyes of the consumer.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,400
Points:2,098,215
Joined:Nov 2008
Message Posted: Feb 16, 2013 3:42:59 AM

definitely NO supply & demand at work here.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,400
Points:2,098,215
Joined:Nov 2008
Message Posted: Feb 16, 2013 3:42:31 AM

medic: nothing wrong from Pig Oil's point of view lol
Profile Pic
Medic55
Champion Author Columbia

Posts:2,410
Points:1,332,495
Joined:Dec 2009
Message Posted: Feb 15, 2013 9:57:20 PM

And yet gas prices continue to rise. What's wrong with this picture?
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,400
Points:2,098,215
Joined:Nov 2008
Message Posted: Feb 15, 2013 3:57:11 AM

and pump prices climb like crazy. Diesel jumped from 3.94 to 4.19 in 3 days.
Profile Pic
virostek
Veteran Author Virginia

Posts:423
Points:90,285
Joined:Oct 2012
Message Posted: Feb 13, 2013 5:26:48 AM

OK.
Profile Pic
SkooterG
Champion Author Phoenix

Posts:2,912
Points:767,025
Joined:May 2012
Message Posted: Feb 13, 2013 12:08:14 AM

So why are prices skyrocketing at the pumps?
Profile Pic
TIGERPAW46
Champion Author Florida

Posts:9,412
Points:1,828,685
Joined:Mar 2004
Message Posted: Feb 12, 2013 11:01:01 PM

It never should have gone that high to begin with. We all know why they keep getting away with robbing we the people.
Profile Pic
mrreferee
Champion Author Savannah

Posts:2,526
Points:996,570
Joined:Jun 2011
Message Posted: Feb 12, 2013 11:00:45 PM

but does not show at pump...kinda weird....
Profile Pic
SLU2
Champion Author Philadelphia

Posts:18,791
Points:3,624,675
Joined:Sep 2003
Message Posted: Feb 12, 2013 10:47:34 PM

It only takes a week to go up over 10 cents but takes over a month to drop 10 cents....
Profile Pic
bridgerunner
Champion Author Virginia

Posts:8,789
Points:1,493,235
Joined:Jul 2009
Message Posted: Feb 12, 2013 10:46:13 PM

Our prices are going up.
Profile Pic
Doomsday64
All-Star Author Austin

Posts:905
Points:371,950
Joined:Apr 2011
Message Posted: Feb 12, 2013 10:43:39 PM

Gas prices need to drop now.
Profile Pic
Pigboat
Champion Author Oklahoma City

Posts:16,715
Points:3,295,665
Joined:Mar 2005
Message Posted: Feb 12, 2013 10:43:04 PM

Get speculators OUT of the oil market and it wouldn't be so volatile.
Profile Pic
CDMAuto
Champion Author Connecticut

Posts:6,034
Points:1,237,690
Joined:Apr 2011
Message Posted: Feb 12, 2013 10:42:08 PM

It will be better when it falls under $50
Profile Pic
Rooster922
Champion Author Wilmington

Posts:4,120
Points:978,495
Joined:Jan 2009
Message Posted: Feb 12, 2013 10:40:47 PM

Oh! really
Profile Pic
mdskier
Champion Author Sacramento

Posts:11,110
Points:2,000,000
Joined:Aug 2005
Message Posted: Feb 12, 2013 10:38:50 PM

Greed continues, glut of oil AND high prices.
Profile Pic
unicornpmb
Champion Author Buffalo

Posts:10,769
Points:2,116,920
Joined:Sep 2005
Message Posted: Feb 12, 2013 10:38:38 PM

The signal to keep gas prices going up.
Profile Pic
10k
Champion Author North Carolina

Posts:24,354
Points:2,741,175
Joined:May 2006
Message Posted: Feb 12, 2013 10:37:52 PM

knox: they tell me hemi, EW, PM, and correcting quit GB today-heard anything else ??..
Profile Pic
defiancegasman
Champion Author Ohio

Posts:7,188
Points:1,355,355
Joined:May 2006
Message Posted: Feb 12, 2013 10:36:25 PM

As GAS RISES ABOVE $3.75 a gallon on a GLUT OF OIL!!!
Profile Pic
10k
Champion Author North Carolina

Posts:24,354
Points:2,741,175
Joined:May 2006
Message Posted: Feb 12, 2013 10:36:04 PM

meanwhile, regular jumped 5¢ and diesel jumped 20¢ at one of my reporting stations..
Profile Pic
jjfisher
All-Star Author Toledo

Posts:770
Points:1,048,995
Joined:Aug 2008
Message Posted: Feb 12, 2013 10:32:59 PM

They get the quick profits whenever they want it and then it takes weeks before the price returns and we suffer the whole time.
Profile Pic
yyc2yow
Champion Author Ottawa

Posts:1,038
Points:651,875
Joined:Dec 2009
Message Posted: Feb 12, 2013 10:29:56 PM

its going up anyway
Profile Pic
Focus2
Champion Author Illinois

Posts:8,142
Points:2,066,945
Joined:Mar 2006
Message Posted: Feb 12, 2013 10:28:19 PM

Looks like some speculators ran it up and cashed in!
Profile Pic
BobD2009
Champion Author Long Island

Posts:9,226
Points:1,712,460
Joined:Apr 2009
Message Posted: Feb 12, 2013 10:26:24 PM

Prices are up at the pump.
Profile Pic
Zonk
Champion Author Michigan

Posts:8,724
Points:2,583,050
Joined:Oct 2005
Message Posted: Feb 12, 2013 10:26:22 PM

Prices hit $3.81 plus in Battle Creek today.
Profile Pic
jtfftj
Champion Author New Hampshire

Posts:2,646
Points:1,687,940
Joined:Sep 2005
Message Posted: Feb 12, 2013 10:24:49 PM

Not weighing in the right direction.
Profile Pic
KnoxGasPriceSpy
Champion Author Knoxville

Posts:149,488
Points:1,409,145
Joined:Oct 2010
Message Posted: Feb 12, 2013 10:24:37 PM

HELP....
Profile Pic
crreed1
Champion Author West Virginia

Posts:4,106
Points:2,981,270
Joined:May 2005
Message Posted: Feb 12, 2013 10:24:13 PM

as high as 3.81 here
Profile Pic
sehonda
Champion Author Honolulu

Posts:2,938
Points:1,120,260
Joined:May 2009
Message Posted: Feb 12, 2013 10:22:04 PM

anything to keep prices high
Profile Pic
BigLM
Sophomore Author Memphis

Posts:158
Points:251,360
Joined:Sep 2006
Message Posted: Feb 12, 2013 10:22:00 PM

Another day, another story. If gasoline jumped when crude shot up recently why is gas still going up when crude prices dropped??? Just asking...
Profile Pic
pa79th
Champion Author Pennsylvania

Posts:4,048
Points:1,689,525
Joined:Jun 2007
Message Posted: Feb 12, 2013 10:21:20 PM

Another reason to raise the price at the pump.
Profile Pic
Vette1967
Champion Author Albany

Posts:8,244
Points:1,764,220
Joined:Jun 2009
Message Posted: Feb 12, 2013 10:21:09 PM

Keep conserving and drive it down even further.
Profile Pic
granitestater
Champion Author New Hampshire

Posts:11,507
Points:1,907,255
Joined:Oct 2008
Message Posted: Feb 12, 2013 10:20:43 PM

Run that currency exchange by me again?
Profile Pic
yakstar
Champion Author Montreal

Posts:4,500
Points:950,055
Joined:Jan 2012
Message Posted: Feb 12, 2013 10:20:38 PM

...with no end in sight!
Profile Pic
tedjm1
Champion Author New York

Posts:5,609
Points:801,050
Joined:Dec 2006
Message Posted: Feb 12, 2013 10:18:35 PM

Will not cause much price reduction. GREED.
Profile Pic
Bubba44612
Champion Author Ohio

Posts:9,601
Points:2,359,425
Joined:Aug 2005
Message Posted: Feb 12, 2013 10:18:32 PM

Speculators feeding at the little guys tits again. Hope they starve themselves.
Profile Pic
Bigwaynef
Champion Author South Carolina

Posts:14,397
Points:2,565,095
Joined:Dec 2006
Message Posted: Feb 12, 2013 10:16:53 PM

Gas may drop a penney each month at that rate!
Profile Pic
EvPv
Champion Author Maine

Posts:3,292
Points:751,685
Joined:Feb 2011
Message Posted: Feb 12, 2013 10:14:58 PM

over the years I read articles about why the market MOVED any direction that day. The reasons are usually chosen from a small handful of choices. When will a journalist write before the trading day underway what they think the market will do in the coming trading session?
Profile Pic
Rageagainsttm
Champion Author Tampa

Posts:10,432
Points:2,371,460
Joined:Jul 2007
Message Posted: Feb 12, 2013 10:14:39 PM

Gas prices need to drop now.
Profile Pic
gocatgo
Champion Author South Carolina

Posts:18,671
Points:3,017,885
Joined:Apr 2006
Message Posted: Feb 12, 2013 10:14:30 PM

Now we will wait for gas prices to s l o w l y drop.
Profile Pic
regout
Champion Author Quebec

Posts:5,200
Points:1,315,430
Joined:May 2010
Message Posted: Feb 12, 2013 10:13:51 PM

Cost too much.
Profile Pic
UpSol7
Champion Author Augusta

Posts:2,340
Points:1,178,050
Joined:Sep 2008
Message Posted: Feb 12, 2013 10:13:14 PM

Prices fluctuate.
Profile Pic
craigsf38
Champion Author Rochester

Posts:7,981
Points:1,998,730
Joined:Jun 2008
Message Posted: Feb 12, 2013 10:09:54 PM

Old news
Profile Pic
jetskijerry
Champion Author North Carolina

Posts:6,120
Points:1,253,635
Joined:Mar 2011
Message Posted: Feb 12, 2013 10:09:52 PM

crooks
Profile Pic
jetskijerry
Champion Author North Carolina

Posts:6,120
Points:1,253,635
Joined:Mar 2011
Message Posted: Feb 12, 2013 10:09:28 PM

artificial pricing
Profile Pic
danreino
Champion Author Twin Cities

Posts:9,828
Points:1,838,480
Joined:Mar 2008
Message Posted: Feb 12, 2013 10:09:22 PM

GAS PRICES ARE UP HERE 80 (EIGHTY) CENTS A GALLON IN THE LAST MONTH !!!!!!!
Profile Pic
sjhman
Veteran Author Atlanta

Posts:429
Points:657,675
Joined:Sep 2008
Message Posted: Feb 12, 2013 10:09:16 PM

Okay, is this gonna come down to the consumer too?
Profile Pic
melvindale
Champion Author Michigan

Posts:1,438
Points:351,230
Joined:Jun 2011
Message Posted: Feb 12, 2013 10:08:29 PM

Hoopty-doo - we are still seeing record high prices for this time of the year.
Profile Pic
mfeldstein
Champion Author Ottawa

Posts:10,323
Points:2,391,135
Joined:Feb 2007
Message Posted: Feb 12, 2013 10:08:21 PM

Way, way too close to $100.
Profile Pic
boatfloyd
Champion Author Jacksonville

Posts:4,034
Points:875,740
Joined:Mar 2012
Message Posted: Feb 12, 2013 10:08:19 PM

We should get a little price cut on gas, with the oil price being down, but don't hold your breath.
Post a reply Back to Topics