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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.

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Submitted Mar 06, 2013 By: RENEGADEGAS

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rocky23hy Champion Author Massachusetts Posts:2,619 Points:1,862,740 Joined:Sep 2003	Message Posted: Mar 7, 2013 6:08:49 AM Ignore rocky23hy Report Abuse "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]
52MPG Champion Author Dayton Posts:7,262 Points:1,741,705 Joined:Apr 2006	Message Posted: Mar 7, 2013 1:16:42 AM Ignore 52MPG Report Abuse Follow the bouncing ball...
gravityhurts Champion Author North Carolina Posts:4,093 Points:937,505 Joined:Sep 2008	Message Posted: Mar 7, 2013 1:15:18 AM Ignore gravityhurts Report Abuse I concur with yardslave, a familiar smell.
yardslave Champion Author Oklahoma City Posts:2,555 Points:596,805 Joined:Dec 2005	Message Posted: Mar 6, 2013 11:57:20 PM Ignore yardslave Report Abuse I smell a speculator...
DrCashFlow Champion Author Massachusetts Posts:7,064 Points:1,627,125 Joined:Jun 2008	Message Posted: Mar 6, 2013 9:49:52 PM Ignore DrCashFlow Report Abuse noise
Focus2 Champion Author Illinois Posts:7,889 Points:1,919,155 Joined:Mar 2006	Message Posted: Mar 6, 2013 6:22:38 PM Ignore Focus2 Report Abuse More manipulation.
Zonk Champion Author Michigan Posts:6,481 Points:2,102,765 Joined:Oct 2005	Message Posted: Mar 6, 2013 6:19:43 PM Ignore Zonk Report Abuse The roller coaster is starting to roll once again.
rahcat Champion Author Grand Rapids Posts:2,468 Points:662,950 Joined:Jan 2010	Message Posted: Mar 6, 2013 6:18:01 PM Ignore rahcat Report Abuse We will be paying more in the near future.
boatfloyd Champion Author Jacksonville Posts:1,718 Points:387,975 Joined:Mar 2012	Message Posted: Mar 6, 2013 6:14:07 PM Ignore boatfloyd Report Abuse Gold went up a little to.
obimerrill Champion Author Cincinnati Posts:1,440 Points:289,715 Joined:Jul 2012	Message Posted: Mar 6, 2013 6:11:55 PM Ignore obimerrill Report Abuse Speculation again!
iFueler Champion Author Durham Posts:64,378 Points:178,525 Joined:Nov 2012	Message Posted: Mar 6, 2013 6:11:01 PM Ignore iFueler Report Abuse
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Mar 6, 2013 6:08:36 PM Ignore tedjm1 Report Abuse Lower.....
Glock26 Champion Author Dayton Posts:1,524 Points:632,385 Joined:Mar 2011	Message Posted: Mar 6, 2013 6:07:18 PM Ignore Glock26 Report Abuse It needs to drop hard and fast!!!
jetskijerry Champion Author North Carolina Posts:3,896 Points:772,270 Joined:Mar 2011	Message Posted: Mar 6, 2013 6:06:40 PM Ignore jetskijerry Report Abuse crooks
jetskijerry Champion Author North Carolina Posts:3,896 Points:772,270 Joined:Mar 2011	Message Posted: Mar 6, 2013 6:06:26 PM Ignore jetskijerry Report Abuse Any excuse for an increase.
Rageagainsttm Champion Author Tampa Posts:8,303 Points:1,902,980 Joined:Jul 2007	Message Posted: Mar 6, 2013 6:06:25 PM Ignore Rageagainsttm Report Abuse It probably will mean higher prices.
SteelPenny Champion Author Dallas Posts:30,961 Points:2,607,490 Joined:Sep 2005	Message Posted: Mar 6, 2013 6:06:04 PM Ignore SteelPenny Report Abuse Right.
bvrbill Champion Author Eugene Posts:3,217 Points:518,525 Joined:Jul 2011	Message Posted: Mar 6, 2013 6:05:32 PM Ignore bvrbill Report Abuse Let's hope this doesn't raise prices at the pump.
JasTheAce All-Star Author Raleigh Posts:970 Points:172,335 Joined:Nov 2012	Message Posted: Mar 6, 2013 6:04:52 PM Ignore JasTheAce Report Abuse ok
pv2004 Veteran Author Connecticut Posts:416 Points:339,515 Joined:Jun 2004	Message Posted: Mar 6, 2013 6:01:43 PM Ignore pv2004 Report Abuse :'(
wcp3rd All-Star Author New Jersey Posts:734 Points:361,625 Joined:Mar 2012	Message Posted: Mar 6, 2013 6:00:23 PM Ignore wcp3rd Report Abuse ok
Holly123 Champion Author Charlotte Posts:3,202 Points:790,210 Joined:Dec 2010	Message Posted: Mar 6, 2013 5:59:26 PM Ignore Holly123 Report Abuse Ok
clermont40miles Champion Author Cincinnati Posts:10,569 Points:1,772,670 Joined:Apr 2008	Message Posted: Mar 6, 2013 5:57:02 PM Ignore clermont40miles Report Abuse Prices are stable at a very high price. Needs to fall at least $10 a barrel.
Math6149 All-Star Author Jacksonville Posts:873 Points:1,796,375 Joined:Jan 2007	Message Posted: Mar 6, 2013 5:56:46 PM Ignore Math6149 Report Abuse Looks speculators are back at it again under the order of obammmmaaaa.
grt197 All-Star Author Illinois Posts:573 Points:126,335 Joined:Jan 2013	Message Posted: Mar 6, 2013 5:54:18 PM Ignore grt197 Report Abuse is a reason to hike prices
brprven All-Star Author Dallas Posts:654 Points:285,335 Joined:Jun 2012	Message Posted: Mar 6, 2013 5:53:25 PM Ignore brprven Report Abuse ok
BeeDee53 Sophomore Author Ontario Posts:135 Points:136,870 Joined:May 2012	Message Posted: Mar 6, 2013 5:52:21 PM Ignore BeeDee53 Report Abuse No chnge in demand though
CCLighthouse Champion Author Hartford Posts:1,003 Points:213,030 Joined:Aug 2012	Message Posted: Mar 6, 2013 5:50:35 PM Ignore CCLighthouse Report Abuse Aye Carrumba!
prassu2012 All-Star Author Illinois Posts:681 Points:148,920 Joined:Dec 2012	Message Posted: Mar 6, 2013 5:48:25 PM Ignore prassu2012 Report Abuse ok
southrob Champion Author Tucson Posts:3,595 Points:687,200 Joined:Mar 2011	Message Posted: Mar 6, 2013 5:47:00 PM Ignore southrob Report Abuse dhan
Topless2012 Champion Author Twin Cities Posts:2,432 Points:481,065 Joined:Jan 2012	Message Posted: Mar 6, 2013 5:46:44 PM Ignore Topless2012 Report Abuse If you say so
cwashi3324 Champion Author Cincinnati Posts:2,802 Points:573,290 Joined:May 2009	Message Posted: Mar 6, 2013 5:43:59 PM Ignore cwashi3324 Report Abuse Yeah, ok.
gasmack Champion Author Ventura Posts:1,711 Points:668,395 Joined:Feb 2011	Message Posted: Mar 6, 2013 5:43:50 PM Ignore gasmack Report Abuse And here come the usual price gyrations-ever upward.
Ready Eddie Champion Author Twin Cities Posts:5,776 Points:1,343,745 Joined:Feb 2003	Message Posted: Mar 6, 2013 5:43:32 PM Ignore Ready Eddie Report Abuse pure speculation
ldiggy All-Star Author Wilmington Posts:773 Points:288,660 Joined:Apr 2012	Message Posted: Mar 6, 2013 5:41:38 PM Ignore ldiggy Report Abuse Wishful thinking.
GigHarborHound Champion Author Tacoma Posts:2,537 Points:488,490 Joined:Sep 2011	Message Posted: Mar 6, 2013 5:41:15 PM Ignore GigHarborHound Report Abuse OK
WIWalt Champion Author Wisconsin Posts:1,726 Points:415,570 Joined:Mar 2012	Message Posted: Mar 6, 2013 5:39:00 PM Ignore WIWalt Report Abuse Just another excuse to raise prices
HailstormCA Champion Author San Diego Posts:7,850 Points:1,471,045 Joined:Nov 2008	Message Posted: Mar 6, 2013 5:37:19 PM Ignore HailstormCA Report Abuse Bumadaba, bumadaba, bumadaba...
txkrb Champion Author Texas Posts:1,560 Points:638,705 Joined:May 2011	Message Posted: Mar 6, 2013 5:37:15 PM Ignore txkrb Report Abuse 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
troutbum7 Veteran Author Nevada Posts:306 Points:156,290 Joined:Oct 2012	Message Posted: Mar 6, 2013 5:34:48 PM Ignore troutbum7 Report Abuse Price Futures Group in Chicago! Well that says it all we are in trouble look what else came from there (or Kenya).
hank1326 Champion Author Los Angeles Posts:8,909 Points:1,733,585 Joined:Jun 2008	Message Posted: Mar 6, 2013 5:32:25 PM Ignore hank1326 Report Abuse Meanwhile we are getting raked at the pumps.
dasimon All-Star Author Florida Posts:556 Points:573,050 Joined:Mar 2011	Message Posted: Mar 6, 2013 5:28:25 PM Ignore dasimon Report Abuse Ok
SavALot Champion Author Virginia Beach Posts:8,469 Points:1,711,610 Joined:Apr 2005	Message Posted: Mar 6, 2013 5:24:10 PM Ignore SavALot Report Abuse future is bright?
snagged Veteran Author Akron Posts:396 Points:111,430 Joined:Oct 2012	Message Posted: Mar 6, 2013 5:20:54 PM Ignore snagged Report Abuse Three days down. Sounds like a rock group.
DEG Champion Author Las Vegas Posts:17,620 Points:3,494,705 Joined:Jul 2003	Message Posted: Mar 6, 2013 5:17:59 PM Ignore DEG Report Abuse Speculators doing what they do.
ScottTee Champion Author Detroit Posts:4,386 Points:1,062,620 Joined:Mar 2010	Message Posted: Mar 6, 2013 5:17:52 PM Ignore ScottTee Report Abuse Up, up and away
pgerassi Champion Author Milwaukee Posts:10,901 Points:2,132,580 Joined:Apr 2007	Message Posted: Mar 6, 2013 5:16:28 PM Ignore pgerassi Report Abuse Wishful thinking.
Gas4Gore Champion Author Detroit Posts:2,421 Points:423,875 Joined:Jan 2010	Message Posted: Mar 6, 2013 5:15:25 PM Ignore Gas4Gore Report Abuse Oh my.
Trowinsamoan Champion Author Los Angeles Posts:1,157 Points:186,840 Joined:Nov 2012	Message Posted: Mar 6, 2013 5:13:38 PM Ignore Trowinsamoan Report Abuse Wow three whole days?
wayoung56 Champion Author Alabama Posts:2,800 Points:818,335 Joined:Oct 2006	Message Posted: Mar 6, 2013 5:11:07 PM Ignore wayoung56 Report Abuse Hmmm...