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Oil ticks higher as dollar ebbs

MarketWatch -- LOS ANGELES (MarketWatch) — Oil futures extended their slow creep higher Thursday after taking losses earlier in the week, helped by an easing dollar, though some analysts saw continued weakness ahead.

Crude oil for April delivery /quotes/zigman/2291772 CLJ3 -0.05% edged up 28 cents, or 0.3%, to $93.04 a barrel in electronic trade during the East Asian afternoon. The move added to a 13-cent gain during Wednesday’s regular New York Mercantile Exchange trade. Read: Oil logs minor gain on supply; stays below $93

London-traded Brent crude for April /quotes/zigman/2735833 UK:LCOJ3 +0.40% — which had fallen 0.8% on ICE Futures Wednesday — pared that loss by 15 cents to 0.1%, rising to $112.02 a barrel.

Helping support gains for crude, the U.S. dollar eased further from its gains o


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Submitted Feb 28, 2013 By: WxVette
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NemoIL
Champion Author Illinois

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Message Posted: Feb 28, 2013 10:24:41 PM

Our dollar is being de-valued, by the massive debt, and the non-stop printing of money by the obama administration. And what is our dear leader doing to help? He is increasing taxes on you, notice how your pay check got smaller after the first of the year? To help you out even more, he is not planning on increasing the federal tax on a gallon of gas. How much more of this can we take?
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iFueler
Champion Author Durham

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Message Posted: Feb 28, 2013 10:23:18 PM


    as oil goes up so will gas at the pump
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Aviator_Rob
Champion Author New York

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Message Posted: Feb 28, 2013 10:21:49 PM

@5Golfer8, do you have anything intelligent to say, for a change?
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Aviator_Rob
Champion Author New York

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Message Posted: Feb 28, 2013 10:20:15 PM

To all those griping about the U.S. devaluing the dollar, get used to it. We're in the middle of a currency war with all the other industrialized, goods exporting countries. The British pound, the Euro, the Yen, and the Chinese Yuan are all racing to the bottom, in an effort to make their country's goods seem more inexpensive and attractive.
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tedjm1
Champion Author New York

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Message Posted: Feb 28, 2013 10:17:04 PM

Funny how oil price is tied to the US Dollar.
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jimgraham
Champion Author Akron

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Message Posted: Feb 28, 2013 10:12:15 PM

Do we see it at the pump?
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wcp3rd
All-Star Author New Jersey

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Message Posted: Feb 28, 2013 10:11:19 PM

okay
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rahcat
Champion Author Grand Rapids

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Message Posted: Feb 28, 2013 10:09:23 PM

Turn off the printing presses at the Bureau of Engrtaving and Printing.
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wshokie12
Champion Author Winston-Salem

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Message Posted: Feb 28, 2013 10:08:33 PM

Okay.
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ican2step
Champion Author Pittsburgh

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Message Posted: Feb 28, 2013 10:08:06 PM

Okay
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monarch57
Champion Author British Columbia

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Message Posted: Feb 28, 2013 10:07:14 PM

It should be the other way around oil going down and the dollar up.
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ManOfLeisureII
Champion Author Philadelphia

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Message Posted: Feb 28, 2013 10:07:01 PM

Go long the Euro if you believe this
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PrinceLH
Champion Author Ontario

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Message Posted: Feb 28, 2013 10:05:41 PM

Just more organized crime!
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yyc2yow
Champion Author Ottawa

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Message Posted: Feb 28, 2013 10:05:22 PM

whats new
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sjhman
Veteran Author Atlanta

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Message Posted: Feb 28, 2013 10:03:47 PM

seeing too many of these articles lately
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RCMOM
Rookie Author Florida

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Message Posted: Feb 28, 2013 9:55:20 PM

$$$$$ + %%%%% = *@#@#@#*
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bginsj
Champion Author San Jose

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Message Posted: Feb 28, 2013 9:52:33 PM

sounds like crap to me
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ldiggy
Champion Author Wilmington

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Message Posted: Feb 28, 2013 9:51:58 PM

Yadi,yadi,yadi.
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Chris46
Champion Author Dayton

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Message Posted: Feb 28, 2013 9:51:27 PM

And $.20 per gallon at a crack is more than just ticking!
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smoketown
Champion Author Cincinnati

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Message Posted: Feb 28, 2013 9:49:21 PM

No, A few days behind !
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bvrbill
Champion Author Eugene

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Message Posted: Feb 28, 2013 9:46:18 PM

Mumbo jumbo...
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7SPEEDY7
Champion Author Flint

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Message Posted: Feb 28, 2013 9:41:18 PM

Greed
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I5Don
All-Star Author California

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Message Posted: Feb 28, 2013 9:40:55 PM

Old news
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srchr
Champion Author San Jose

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Message Posted: Feb 28, 2013 9:37:27 PM

printing too many paper $$$$$$$$$
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mcmonsta
Champion Author Honolulu

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Message Posted: Feb 28, 2013 9:36:50 PM

oil up...and this is news?
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REKEY
Champion Author South Carolina

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Message Posted: Feb 28, 2013 9:36:13 PM

Ebbs means profits for Exxon!
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falcons
Champion Author North Dakota

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Message Posted: Feb 28, 2013 9:35:02 PM

Require traders to take possesion and store for a miminum of 31 days.
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vibdata
Champion Author Massachusetts

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Message Posted: Feb 28, 2013 9:31:35 PM

I'll just go with littlebigboy on this.
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lolobond
All-Star Author New Orleans

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Message Posted: Feb 28, 2013 9:31:33 PM

Incredible
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littlebigboy
Veteran Author South Dakota

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Message Posted: Feb 28, 2013 9:30:14 PM

What a bunch of BS!!! Oil is down and the price of the dollar vs. the euro is up.
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5Golfer8
Champion Author Tucson

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Message Posted: Feb 28, 2013 9:30:08 PM

Fuel prices keep going up as Damian Obama just laughs at us. Impeach Obama Now!
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Alfied
Champion Author Riverside

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Message Posted: Feb 28, 2013 9:29:42 PM

Up and down, up and down, makes the world go around.
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snerd
All-Star Author Pennsylvania

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Message Posted: Feb 28, 2013 9:27:58 PM

Ok
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NorthglennBill
Champion Author Denver

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Message Posted: Feb 28, 2013 9:27:20 PM

Up $.28 is not exactly sky rocketing. Still, it would be better if it were down $.28.
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BREW9
Champion Author Tampa

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Message Posted: Feb 28, 2013 9:26:00 PM

climbing
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Dragnet
Champion Author Arizona

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Message Posted: Feb 28, 2013 9:25:39 PM

Who writes this garbage. The headline stinks
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FlyNFool
Champion Author South Carolina

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Message Posted: Feb 28, 2013 9:24:57 PM

Ebb and flow!
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Jedman982
Sophomore Author Modesto

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Message Posted: Feb 28, 2013 9:22:23 PM

Always going up
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pleinyeux
Champion Author Montreal

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Message Posted: Feb 28, 2013 9:20:37 PM

up up up
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Lizzylou
Champion Author Stockton

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Message Posted: Feb 28, 2013 9:19:18 PM

UP NOT GOOD!!!
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VikingWoman
Champion Author Washington

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Message Posted: Feb 28, 2013 9:18:13 PM

yada, yada, yada...
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SavALot
Champion Author Virginia Beach

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Message Posted: Feb 28, 2013 9:17:18 PM

always about the ebb and flow
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ScottTee
Champion Author Detroit

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Message Posted: Feb 28, 2013 9:15:20 PM

The ICE exchange is corrupt.
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Bubba44612
Champion Author Ohio

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Message Posted: Feb 28, 2013 9:14:20 PM

Just over speculation.
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pgerassi
Champion Author Milwaukee

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Message Posted: Feb 28, 2013 9:11:05 PM

SOP
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DEG
Champion Author Las Vegas

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Message Posted: Feb 28, 2013 9:10:48 PM

With Obama at the helm our debt is increasing faster and the printing of money by Bernanke is causing the dollar to go down. The results are that the middle class is paying much more to live.
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DrLyon
Champion Author Michigan

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Message Posted: Feb 28, 2013 9:10:02 PM

Oil tick lower...
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abcdMA
Champion Author Worcester

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Message Posted: Feb 28, 2013 9:09:16 PM

and the dollar continues to weaken
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paulydel
Champion Author Delaware

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Message Posted: Feb 28, 2013 9:08:33 PM

If the dollar doesn't get stronger we will be a third world country.
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HawaiianGuy
Champion Author Idaho

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Message Posted: Feb 28, 2013 9:07:41 PM

So, the dollar's ebbing, eh? Wouldn't happen to be tied to Obama's MASSIVE OVERSPENDING, now would it? Uh-DUH!
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