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Oil slumps on China, Europe worries;dollar gains

Reuters --
Crude oil prices fell sharply on Wednesday as signs of a slowdown in China and Europe stoked worries about petroleum demand, while the dollar rose after better-than-expected news on the U.S. economy.

Wall Street ended modestly higher as better-than-expected U.S. labor and service-sector data fueled optimism about the recovery, but the Dow industrials were hobbled by a slide in Hewlett-Packard .

The euro zone's economic woes worsened last month and China's slowdown looked likely to extend to a seventh quarter, suggesting recent bold actions by global central banks have yet to convince consumers to start spending again.

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Submitted Oct 04, 2012 By: RENEGADEGAS

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honda0105 Champion Author Tallahassee Posts:18,609 Points:1,608,545 Joined:Nov 2008	Message Posted: Oct 10, 2012 6:02:18 PM Ignore honda0105 Report Abuse Sneakers: maybe the GB gods deemed it worthy of staying up and renewed its lifespan?
Sneakers55 Champion Author Houston Posts:51,279 Points:2,141,975 Joined:Nov 2005	Message Posted: Oct 9, 2012 8:58:49 AM Ignore Sneakers55 Report Abuse Why are articles from October fourth coming up as posted "today" when today is the ninth?
nauzad Champion Author Las Vegas Posts:1,009 Points:284,030 Joined:Mar 2010	Message Posted: Oct 5, 2012 12:51:11 PM Ignore nauzad Report Abuse cool.
wamster Champion Author Houston Posts:4,243 Points:693,855 Joined:May 2007	Message Posted: Oct 5, 2012 3:38:28 AM Ignore wamster Report Abuse Glad to read our dollar is up for a change. I'm tired of reading how screwed up the US is.
flagtown25 Champion Author New Jersey Posts:1,177 Points:491,805 Joined:Oct 2011	Message Posted: Oct 5, 2012 3:19:51 AM Ignore flagtown25 Report Abuse Don't worry. Oil will go back up because of the crisis in Syria.
nb52 Champion Author Grand Rapids Posts:7,775 Points:1,545,875 Joined:Nov 2008	Message Posted: Oct 5, 2012 12:26:20 AM Ignore nb52 Report Abuse Pump prices are still near $4 per gallon....hardly a "fall".
Bill100 Champion Author Grand Rapids Posts:41,482 Points:1,161,870 Joined:Jan 2010	Message Posted: Oct 4, 2012 10:08:28 PM Ignore Bill100 Report Abuse Slump more.
rahcat Champion Author Grand Rapids Posts:2,463 Points:661,225 Joined:Jan 2010	Message Posted: Oct 4, 2012 6:21:40 PM Ignore rahcat Report Abuse jcurley.....what flavor of kool-aid are you drinking?
boatfloyd Champion Author Jacksonville Posts:1,713 Points:387,000 Joined:Mar 2012	Message Posted: Oct 4, 2012 6:10:59 PM Ignore boatfloyd Report Abuse Buy, Buy, Buy???
bluegrasser1 Champion Author Richmond Posts:15,928 Points:2,614,645 Joined:Sep 2005	Message Posted: Oct 4, 2012 6:05:38 PM Ignore bluegrasser1 Report Abuse ok
jem069 Champion Author Detroit Posts:2,533 Points:686,105 Joined:Jan 2011	Message Posted: Oct 4, 2012 6:01:14 PM Ignore jem069 Report Abuse ok
PizzaMon Champion Author Philadelphia Posts:5,134 Points:1,861,530 Joined:Jun 2006	Message Posted: Oct 4, 2012 5:59:22 PM Ignore PizzaMon Report Abuse Ok
WIPACKERFAN Champion Author Chicago Posts:8,799 Points:1,842,475 Joined:Aug 2005	Message Posted: Oct 4, 2012 5:59:09 PM Ignore WIPACKERFAN Report Abuse Still way too high!
mrbee Champion Author Little Rock Posts:3,749 Points:2,464,705 Joined:Oct 2005	Message Posted: Oct 4, 2012 5:57:28 PM Ignore mrbee Report Abuse Not lower here.
goldrose1 Champion Author Cleveland Posts:10,931 Points:1,923,530 Joined:Feb 2005	Message Posted: Oct 4, 2012 5:54:27 PM Ignore goldrose1 Report Abuse We need better prices.
frostyWV Champion Author West Virginia Posts:2,339 Points:519,235 Joined:May 2011	Message Posted: Oct 4, 2012 5:53:21 PM Ignore frostyWV Report Abuse good
clermont40miles Champion Author Cincinnati Posts:10,562 Points:1,770,920 Joined:Apr 2008	Message Posted: Oct 4, 2012 5:53:06 PM Ignore clermont40miles Report Abuse With slumps like today we are in trouble! UP +3.57 per barrel. Crazy Reuters. Article is not news - it's a day late and not even fishwrap. [Edited by: clermont40miles at 10/4/2012 11:54:22 PM EST]
LiquidGold2011 Sophomore Author California Posts:101 Points:202,840 Joined:May 2011	Message Posted: Oct 4, 2012 5:52:21 PM Ignore LiquidGold2011 Report Abuse Yea!
SandeeC Champion Author Ontario Posts:2,988 Points:460,030 Joined:Apr 2011	Message Posted: Oct 4, 2012 5:51:47 PM Ignore SandeeC Report Abuse As carloco75 says, not surprising.
carloco75 Champion Author Richmond Posts:3,711 Points:599,390 Joined:Oct 2010	Message Posted: Oct 4, 2012 5:48:37 PM Ignore carloco75 Report Abuse I'm not the least bit surprised...
Thomtec Champion Author Nashville Posts:2,459 Points:607,170 Joined:May 2011	Message Posted: Oct 4, 2012 5:45:56 PM Ignore Thomtec Report Abuse Ok
jwalkerh Champion Author Louisiana Posts:6,127 Points:1,368,645 Joined:Oct 2008	Message Posted: Oct 4, 2012 5:40:28 PM Ignore jwalkerh Report Abuse Oil slumps as gasoline spikes...
mrselfdestruct All-Star Author Arkansas Posts:992 Points:166,175 Joined:Aug 2011	Message Posted: Oct 4, 2012 5:40:26 PM Ignore mrselfdestruct Report Abuse Record profits to come.
SavALot Champion Author Virginia Beach Posts:8,464 Points:1,710,635 Joined:Apr 2005	Message Posted: Oct 4, 2012 5:38:22 PM Ignore SavALot Report Abuse And chaos ensues!
Gas4Gore Champion Author Detroit Posts:2,411 Points:421,925 Joined:Jan 2010	Message Posted: Oct 4, 2012 5:36:55 PM Ignore Gas4Gore Report Abuse Yea.
abcdMA Champion Author Worcester Posts:7,917 Points:1,574,005 Joined:Nov 2008	Message Posted: Oct 4, 2012 5:35:43 PM Ignore abcdMA Report Abuse and then oil rebounds sharply once again
HEBster Champion Author Kentucky Posts:8,783 Points:2,373,050 Joined:May 2006	Message Posted: Oct 4, 2012 5:33:36 PM Ignore HEBster Report Abuse Up big in KY
hammer219115 Veteran Author Pennsylvania Posts:411 Points:22,950 Joined:Aug 2006	Message Posted: Oct 4, 2012 5:31:56 PM Ignore hammer219115 Report Abuse Whoop!
Toppers Champion Author Atlanta Posts:9,007 Points:2,469,720 Joined:Mar 2005	Message Posted: Oct 4, 2012 5:30:09 PM Ignore Toppers Report Abuse & yet...up in the US
5Golfer8 Champion Author Tucson Posts:2,133 Points:299,675 Joined:Jun 2011	Message Posted: Oct 4, 2012 5:29:15 PM Ignore 5Golfer8 Report Abuse And the games just continue.
VanIsleLes All-Star Author British Columbia Posts:898 Points:276,095 Joined:Jun 2012	Message Posted: Oct 4, 2012 5:27:07 PM Ignore VanIsleLes Report Abuse Ok
zantor Veteran Author San Bernardino Posts:258 Points:53,025 Joined:Jul 2012	Message Posted: Oct 4, 2012 5:26:50 PM Ignore zantor Report Abuse perhaps we will see some relief in California
OGW Champion Author London Posts:5,324 Points:1,530,400 Joined:Sep 2005	Message Posted: Oct 4, 2012 5:26:14 PM Ignore OGW Report Abuse The news on TV just reported crude prices are up, what goes on here?
papa56NC All-Star Author North Carolina Posts:725 Points:142,760 Joined:Apr 2012	Message Posted: Oct 4, 2012 5:25:37 PM Ignore papa56NC Report Abuse Alright!
bvrbill Champion Author Eugene Posts:3,207 Points:516,800 Joined:Jul 2011	Message Posted: Oct 4, 2012 5:24:46 PM Ignore bvrbill Report Abuse Yet, prices are not dropping at the pump.
bonzoonfmb Champion Author Florida Posts:1,777 Points:642,860 Joined:Feb 2010	Message Posted: Oct 4, 2012 5:22:28 PM Ignore bonzoonfmb Report Abuse There is plenty of supply. Gas prices are too high.
firefly09 Champion Author San Diego Posts:2,493 Points:715,745 Joined:Mar 2009	Message Posted: Oct 4, 2012 5:21:19 PM Ignore firefly09 Report Abuse OK.
pgerassi Champion Author Milwaukee Posts:10,891 Points:2,130,630 Joined:Apr 2007	Message Posted: Oct 4, 2012 5:20:05 PM Ignore pgerassi Report Abuse OK
Busymomma56 Sophomore Author Utah Posts:224 Points:52,120 Joined:Mar 2012	Message Posted: Oct 4, 2012 5:16:46 PM Ignore Busymomma56 Report Abuse k
jimedB Veteran Author Riverside Posts:395 Points:79,065 Joined:Jun 2012	Message Posted: Oct 4, 2012 5:15:55 PM Ignore jimedB Report Abuse But the price went back up even higher Thursday.
mstearno Champion Author Dayton Posts:8,061 Points:1,730,260 Joined:Jan 2008	Message Posted: Oct 4, 2012 5:14:59 PM Ignore mstearno Report Abuse jcurley you are a hoot..... compare employment numbers (do you know what that is?) the number of workers.... unemployment is just what we are paying people to look for work.... perhaps you should take an economics course.... to find a time when there were less americans in jobs you have to go back to the begining of the Reagan administration... and guess what... we have a lot more eligble workers now than way back then... the stock market is a reflection of bail outs and stimulus expectations corporate profits are up because they are scared to hire not knowing tax liabilities and OBAMACARE.. I suppose you feel OBAMA wiped the floor with Romney in the debate last night?
30mpg80 Champion Author Lexington Posts:10,014 Points:1,485,905 Joined:Nov 2008	Message Posted: Oct 4, 2012 5:12:10 PM Ignore 30mpg80 Report Abuse Poor serrog, so misguided
Wierbe Champion Author Cincinnati Posts:3,742 Points:1,117,165 Joined:Apr 2006	Message Posted: Oct 4, 2012 5:11:52 PM Ignore Wierbe Report Abuse Better than expected. Do we 'blame' that on the president, too.
serrog Champion Author Nova Scotia Posts:5,559 Points:1,511,155 Joined:Oct 2008	Message Posted: Oct 4, 2012 5:10:52 PM Ignore serrog Report Abuse Did Obama screw up China too?
aggietim Champion Author Fort Worth Posts:1,756 Points:693,325 Joined:Oct 2008	Message Posted: Oct 4, 2012 5:10:06 PM Ignore aggietim Report Abuse ok
jcurley Champion Author California Posts:7,893 Points:1,774,045 Joined:Dec 2007	Message Posted: Oct 4, 2012 5:03:29 PM Ignore jcurley Report Abuse If you here that America is worse off now than four years ago, just compare unemployment numbers, the stock market, corporate profits and executive pay. The problem is, 4 million new jobs is not enough. If we could get the tea baggers in Congress to actually DO something (instead of going on vacation and sabotaging our credit worthiness, we could have created another million or two jobs in this country, which would help the middle class.
wayoung56 Champion Author Alabama Posts:2,795 Points:817,360 Joined:Oct 2006	Message Posted: Oct 4, 2012 4:59:21 PM Ignore wayoung56 Report Abuse So how do they justify raising gas prices again???
76chevy Champion Author Toledo Posts:3,992 Points:770,140 Joined:Jun 2010	Message Posted: Oct 4, 2012 4:49:40 PM Ignore 76chevy Report Abuse Californy didn't read this.
skybiker Champion Author South Carolina Posts:7,287 Points:1,558,440 Joined:Jul 2008	Message Posted: Oct 4, 2012 4:44:19 PM Ignore skybiker Report Abuse Looking for a black lining in this silver cloud...
vibdata Champion Author Massachusetts Posts:4,084 Points:848,325 Joined:Nov 2005	Message Posted: Oct 4, 2012 4:43:52 PM Ignore vibdata Report Abuse HUH? This has got to be at least a day old. Oil SOARED today as well as gas.