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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 Posts:3,045 Points:1,317,220 Joined:Aug 2008	Message Posted: Feb 28, 2013 10:24:41 PM Ignore NemoIL Report Abuse 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?
iFueler Champion Author Durham Posts:64,458 Points:182,200 Joined:Nov 2012	Message Posted: Feb 28, 2013 10:23:18 PM Ignore iFueler Report Abuse as oil goes up so will gas at the pump
Aviator_Rob Champion Author New York Posts:3,816 Points:417,015 Joined:Mar 2012	Message Posted: Feb 28, 2013 10:21:49 PM Ignore Aviator_Rob Report Abuse @5Golfer8, do you have anything intelligent to say, for a change?
Aviator_Rob Champion Author New York Posts:3,816 Points:417,015 Joined:Mar 2012	Message Posted: Feb 28, 2013 10:20:15 PM Ignore Aviator_Rob Report Abuse 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.
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Feb 28, 2013 10:17:04 PM Ignore tedjm1 Report Abuse Funny how oil price is tied to the US Dollar.
jimgraham Champion Author Akron Posts:10,388 Points:1,983,030 Joined:Oct 2007	Message Posted: Feb 28, 2013 10:12:15 PM Ignore jimgraham Report Abuse Do we see it at the pump?
wcp3rd All-Star Author New Jersey Posts:739 Points:364,850 Joined:Mar 2012	Message Posted: Feb 28, 2013 10:11:19 PM Ignore wcp3rd Report Abuse okay
rahcat Champion Author Grand Rapids Posts:2,488 Points:666,200 Joined:Jan 2010	Message Posted: Feb 28, 2013 10:09:23 PM Ignore rahcat Report Abuse Turn off the printing presses at the Bureau of Engrtaving and Printing.
wshokie12 Champion Author Winston-Salem Posts:1,335 Points:219,485 Joined:Aug 2012	Message Posted: Feb 28, 2013 10:08:33 PM Ignore wshokie12 Report Abuse Okay.
ican2step Champion Author Pittsburgh Posts:1,701 Points:431,400 Joined:Feb 2012	Message Posted: Feb 28, 2013 10:08:06 PM Ignore ican2step Report Abuse Okay
monarch57 Champion Author British Columbia Posts:1,631 Points:135,945 Joined:Nov 2008	Message Posted: Feb 28, 2013 10:07:14 PM Ignore monarch57 Report Abuse It should be the other way around oil going down and the dollar up.
ManOfLeisureII Champion Author Philadelphia Posts:1,889 Points:457,075 Joined:Jan 2012	Message Posted: Feb 28, 2013 10:07:01 PM Ignore ManOfLeisureII Report Abuse Go long the Euro if you believe this
PrinceLH Champion Author Ontario Posts:2,712 Points:542,045 Joined:Jun 2011	Message Posted: Feb 28, 2013 10:05:41 PM Ignore PrinceLH Report Abuse Just more organized crime!
yyc2yow All-Star Author Ottawa Posts:668 Points:573,260 Joined:Dec 2009	Message Posted: Feb 28, 2013 10:05:22 PM Ignore yyc2yow Report Abuse whats new
sjhman Veteran Author Atlanta Posts:410 Points:279,620 Joined:Sep 2008	Message Posted: Feb 28, 2013 10:03:47 PM Ignore sjhman Report Abuse seeing too many of these articles lately
RCMOM Rookie Author Florida Posts:15 Points:18,685 Joined:Jul 2012	Message Posted: Feb 28, 2013 9:55:20 PM Ignore RCMOM Report Abuse $$$$$ + %%%%% = @#@#@#
bginsj Champion Author San Jose Posts:1,883 Points:1,237,860 Joined:May 2009	Message Posted: Feb 28, 2013 9:52:33 PM Ignore bginsj Report Abuse sounds like crap to me
ldiggy All-Star Author Wilmington Posts:792 Points:292,540 Joined:Apr 2012	Message Posted: Feb 28, 2013 9:51:58 PM Ignore ldiggy Report Abuse Yadi,yadi,yadi.
Chris46 Champion Author Dayton Posts:23,720 Points:2,085,240 Joined:Sep 2005	Message Posted: Feb 28, 2013 9:51:27 PM Ignore Chris46 Report Abuse And $.20 per gallon at a crack is more than just ticking!
smoketown Champion Author Cincinnati Posts:6,247 Points:1,384,800 Joined:Feb 2008	Message Posted: Feb 28, 2013 9:49:21 PM Ignore smoketown Report Abuse No, A few days behind !
bvrbill Champion Author Eugene Posts:3,246 Points:521,775 Joined:Jul 2011	Message Posted: Feb 28, 2013 9:46:18 PM Ignore bvrbill Report Abuse Mumbo jumbo...
7SPEEDY7 Champion Author Flint Posts:1,301 Points:609,225 Joined:May 2011	Message Posted: Feb 28, 2013 9:41:18 PM Ignore 7SPEEDY7 Report Abuse Greed
I5Don Veteran Author California Posts:320 Points:1,576,345 Joined:Aug 2005	Message Posted: Feb 28, 2013 9:40:55 PM Ignore I5Don Report Abuse Old news
srchr Champion Author San Jose Posts:7,269 Points:1,622,975 Joined:Apr 2008	Message Posted: Feb 28, 2013 9:37:27 PM Ignore srchr Report Abuse printing too many paper $$$$$$$$$
mcmonsta Champion Author Honolulu Posts:3,242 Points:821,470 Joined:Sep 2009	Message Posted: Feb 28, 2013 9:36:50 PM Ignore mcmonsta Report Abuse oil up...and this is news?
REKEY Champion Author South Carolina Posts:8,594 Points:1,702,340 Joined:May 2008	Message Posted: Feb 28, 2013 9:36:13 PM Ignore REKEY Report Abuse Ebbs means profits for Exxon!
falcons Champion Author North Dakota Posts:10,809 Points:2,374,155 Joined:Dec 2004	Message Posted: Feb 28, 2013 9:35:02 PM Ignore falcons Report Abuse Require traders to take possesion and store for a miminum of 31 days.
vibdata Champion Author Massachusetts Posts:4,095 Points:849,625 Joined:Nov 2005	Message Posted: Feb 28, 2013 9:31:35 PM Ignore vibdata Report Abuse I'll just go with littlebigboy on this.
lolobond All-Star Author New Orleans Posts:724 Points:621,435 Joined:Dec 2010	Message Posted: Feb 28, 2013 9:31:33 PM Ignore lolobond Report Abuse Incredible
littlebigboy Veteran Author South Dakota Posts:393 Points:1,380,285 Joined:May 2007	Message Posted: Feb 28, 2013 9:30:14 PM Ignore littlebigboy Report Abuse What a bunch of BS!!! Oil is down and the price of the dollar vs. the euro is up.
5Golfer8 Champion Author Tucson Posts:2,153 Points:303,575 Joined:Jun 2011	Message Posted: Feb 28, 2013 9:30:08 PM Ignore 5Golfer8 Report Abuse Fuel prices keep going up as Damian Obama just laughs at us. Impeach Obama Now!
Alfied Champion Author Riverside Posts:7,955 Points:1,759,185 Joined:Jun 2001	Message Posted: Feb 28, 2013 9:29:42 PM Ignore Alfied Report Abuse Up and down, up and down, makes the world go around.
snerd All-Star Author Pennsylvania Posts:935 Points:656,750 Joined:May 2005	Message Posted: Feb 28, 2013 9:27:58 PM Ignore snerd Report Abuse Ok
NorthglennBill Champion Author Denver Posts:7,442 Points:1,475,845 Joined:Oct 2008	Message Posted: Feb 28, 2013 9:27:20 PM Ignore NorthglennBill Report Abuse Up $.28 is not exactly sky rocketing. Still, it would be better if it were down $.28.
BREW9 All-Star Author Tampa Posts:901 Points:2,915,880 Joined:Jun 2004	Message Posted: Feb 28, 2013 9:26:00 PM Ignore BREW9 Report Abuse climbing
Dragnet Champion Author Arizona Posts:15,422 Points:2,911,685 Joined:Jul 2004	Message Posted: Feb 28, 2013 9:25:39 PM Ignore Dragnet Report Abuse Who writes this garbage. The headline stinks
FlyNFool Champion Author South Carolina Posts:8,259 Points:1,688,875 Joined:Aug 2008	Message Posted: Feb 28, 2013 9:24:57 PM Ignore FlyNFool Report Abuse Ebb and flow!
Jedman982 Sophomore Author Modesto Posts:122 Points:160,300 Joined:Dec 2006	Message Posted: Feb 28, 2013 9:22:23 PM Ignore Jedman982 Report Abuse Always going up
pleinyeux All-Star Author Montreal Posts:801 Points:203,530 Joined:Oct 2012	Message Posted: Feb 28, 2013 9:20:37 PM Ignore pleinyeux Report Abuse up up up
Lizzylou Champion Author Stockton Posts:8,818 Points:2,357,285 Joined:Oct 2005	Message Posted: Feb 28, 2013 9:19:18 PM Ignore Lizzylou Report Abuse UP NOT GOOD!!!
VikingWoman Champion Author Washington Posts:1,297 Points:255,565 Joined:May 2012	Message Posted: Feb 28, 2013 9:18:13 PM Ignore VikingWoman Report Abuse yada, yada, yada...
SavALot Champion Author Virginia Beach Posts:8,489 Points:1,714,760 Joined:Apr 2005	Message Posted: Feb 28, 2013 9:17:18 PM Ignore SavALot Report Abuse always about the ebb and flow
ScottTee Champion Author Detroit Posts:4,406 Points:1,066,620 Joined:Mar 2010	Message Posted: Feb 28, 2013 9:15:20 PM Ignore ScottTee Report Abuse The ICE exchange is corrupt.
Bubba44612 Champion Author Ohio Posts:7,411 Points:1,880,005 Joined:Aug 2005	Message Posted: Feb 28, 2013 9:14:20 PM Ignore Bubba44612 Report Abuse Just over speculation.
pgerassi Champion Author Milwaukee Posts:10,917 Points:2,135,700 Joined:Apr 2007	Message Posted: Feb 28, 2013 9:11:05 PM Ignore pgerassi Report Abuse SOP
DEG Champion Author Las Vegas Posts:17,640 Points:3,498,605 Joined:Jul 2003	Message Posted: Feb 28, 2013 9:10:48 PM Ignore DEG Report Abuse 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.
DrLyon Champion Author Michigan Posts:6,665 Points:1,214,755 Joined:May 2006	Message Posted: Feb 28, 2013 9:10:02 PM Ignore DrLyon Report Abuse Oil tick lower...
abcdMA Champion Author Worcester Posts:7,942 Points:1,578,880 Joined:Nov 2008	Message Posted: Feb 28, 2013 9:09:16 PM Ignore abcdMA Report Abuse and the dollar continues to weaken
paulydel Champion Author Delaware Posts:8,799 Points:848,800 Joined:Jan 2008	Message Posted: Feb 28, 2013 9:08:33 PM Ignore paulydel Report Abuse If the dollar doesn't get stronger we will be a third world country.
HawaiianGuy Champion Author Idaho Posts:9,543 Points:3,083,375 Joined:May 2003	Message Posted: Feb 28, 2013 9:07:41 PM Ignore HawaiianGuy Report Abuse So, the dollar's ebbing, eh? Wouldn't happen to be tied to Obama's MASSIVE OVERSPENDING, now would it? Uh-DUH!