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GasBuddy News Article

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votes
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
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil Futures Halt Three-Day Decline As Equities Point Higher Back to Topics
REPLIES (newest first) Post a Reply
rocky23hy
Champion Author Massachusetts

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Points:2,123,150
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Message Posted: Mar 7, 2013 7:08:49 AM

"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

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Message Posted: Mar 7, 2013 2:16:42 AM

Follow the bouncing ball...
gravityhurts
Champion Author North Carolina

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Message Posted: Mar 7, 2013 2:15:18 AM

I concur with yardslave, a familiar smell.
yardslave
Champion Author Oklahoma City

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Message Posted: Mar 7, 2013 12:57:20 AM

I smell a speculator...
DrCashFlow
Champion Author Massachusetts

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Joined:Jun 2008
Message Posted: Mar 6, 2013 10:49:52 PM

noise
Focus2
Champion Author Illinois

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Joined:Mar 2006
Message Posted: Mar 6, 2013 7:22:38 PM

More manipulation.
Zonk
Champion Author Michigan

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Points:2,874,225
Joined:Oct 2005
Message Posted: Mar 6, 2013 7:19:43 PM

The roller coaster is starting to roll once again.
rahcat
Champion Author Grand Rapids

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Message Posted: Mar 6, 2013 7:18:01 PM

We will be paying more in the near future.
boatfloyd
Champion Author Jacksonville

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Message Posted: Mar 6, 2013 7:14:07 PM

Gold went up a little to.
obimerrill
Champion Author Cincinnati

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Message Posted: Mar 6, 2013 7:11:55 PM

Speculation again!
iFueler
Champion Author Durham

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Joined:Nov 2012
Message Posted: Mar 6, 2013 7:11:01 PM

 
tedjm1
Champion Author New York

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Message Posted: Mar 6, 2013 7:08:36 PM

Lower.....
Glock26
Champion Author Dayton

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Message Posted: Mar 6, 2013 7:07:18 PM

It needs to drop hard and fast!!!
jetskijerry
Champion Author North Carolina

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Message Posted: Mar 6, 2013 7:06:40 PM

crooks
jetskijerry
Champion Author North Carolina

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Message Posted: Mar 6, 2013 7:06:26 PM

Any excuse for an increase.
Rageagainsttm
Champion Author Tampa

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Message Posted: Mar 6, 2013 7:06:25 PM

It probably will mean higher prices.
SteelPenny
Champion Author Dallas

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Message Posted: Mar 6, 2013 7:06:04 PM

Right.
bvrbill
Champion Author Eugene

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Message Posted: Mar 6, 2013 7:05:32 PM

Let's hope this doesn't raise prices at the pump.
JasTheAce
Champion Author Raleigh

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Message Posted: Mar 6, 2013 7:04:52 PM

ok
pv2004
Champion Author Connecticut

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Message Posted: Mar 6, 2013 7:01:43 PM

:'(
wcp3rd
All-Star Author New Jersey

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Message Posted: Mar 6, 2013 7:00:23 PM

ok
Holly123
Champion Author Charlotte

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Message Posted: Mar 6, 2013 6:59:26 PM

Ok
clermont40miles
Champion Author Cincinnati

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Message Posted: Mar 6, 2013 6:57:02 PM

Prices are stable at a very high price.

Needs to fall at least $10 a barrel.
Math6149
Champion Author Jacksonville

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Message Posted: Mar 6, 2013 6:56:46 PM

Looks speculators are back at it again under the order of obammmmaaaa.
grt197
Champion Author Illinois

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Message Posted: Mar 6, 2013 6:54:18 PM

is a reason to hike prices
brprven
Champion Author Dallas

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Message Posted: Mar 6, 2013 6:53:25 PM

ok
BeeDee53
All-Star Author Ontario

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Message Posted: Mar 6, 2013 6:52:21 PM

No chnge in demand though
CCLighthouse
Champion Author Hartford

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Message Posted: Mar 6, 2013 6:50:35 PM

Aye Carrumba!
prassu2012
Champion Author Illinois

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Joined:Dec 2012
Message Posted: Mar 6, 2013 6:48:25 PM

ok
southrob
Champion Author Tucson

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Message Posted: Mar 6, 2013 6:47:00 PM

dhan
Topless2012
Champion Author Twin Cities

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Message Posted: Mar 6, 2013 6:46:44 PM

If you say so
cwashi3324
Champion Author Cincinnati

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Message Posted: Mar 6, 2013 6:43:59 PM

Yeah, ok.
gasmack
Champion Author Ventura

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Message Posted: Mar 6, 2013 6:43:50 PM

And here come the usual price gyrations-ever upward.
Ready Eddie
Champion Author Twin Cities

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Message Posted: Mar 6, 2013 6:43:32 PM

pure speculation
ldiggy
Champion Author Wilmington

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Message Posted: Mar 6, 2013 6:41:38 PM

Wishful thinking.
GigHarborHound
Champion Author Tacoma

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Message Posted: Mar 6, 2013 6:41:15 PM

OK
WIWalt
Champion Author Wisconsin

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Message Posted: Mar 6, 2013 6:39:00 PM

Just another excuse to raise prices
HailstormCA
Champion Author San Diego

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Message Posted: Mar 6, 2013 6:37:19 PM

Bumadaba, bumadaba, bumadaba...
txkrb
Champion Author Texas

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Points:1,338,865
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Message Posted: Mar 6, 2013 6:37:15 PM

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
Champion Author Nevada

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Points:675,920
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Message Posted: Mar 6, 2013 6:34:48 PM

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

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Message Posted: Mar 6, 2013 6:32:25 PM

Meanwhile we are getting raked at the pumps.
dasimon
All-Star Author Florida

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Joined:Mar 2011
Message Posted: Mar 6, 2013 6:28:25 PM

Ok
SavALot
Champion Author Virginia Beach

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Message Posted: Mar 6, 2013 6:24:10 PM

future is bright?
snagged
Veteran Author Akron

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Joined:Oct 2012
Message Posted: Mar 6, 2013 6:20:54 PM

Three days down. Sounds like a rock group.
DEG
Champion Author Las Vegas

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Message Posted: Mar 6, 2013 6:17:59 PM

Speculators doing what they do.
ScottTee
Champion Author Detroit

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Message Posted: Mar 6, 2013 6:17:52 PM

Up, up and away
pgerassi
Champion Author Milwaukee

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Joined:Apr 2007
Message Posted: Mar 6, 2013 6:16:28 PM

Wishful thinking.
Gas4Gore
Champion Author Detroit

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Joined:Jan 2010
Message Posted: Mar 6, 2013 6:15:25 PM

Oh my.
Trowinsamoan
Champion Author Los Angeles

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Joined:Nov 2012
Message Posted: Mar 6, 2013 6:13:38 PM

Wow three whole days?
wayoung56
Champion Author Alabama

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Message Posted: Mar 6, 2013 6:11:07 PM

Hmmm...
papakoca
All-Star Author Texas

Posts:902
Points:1,251,495
Joined:Jun 2011
Message Posted: Mar 6, 2013 6:10:34 PM

I wonder what the disconnect is between oil prices and gas prices?

Speculators and greed. What a combination.
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