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GasBuddy News Article

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votes
Crude-Oil Futures Rally Stalls Below $96 a Barrel

Rig Zone -- NEW YORK--Crude-oil futures prices ended slightly weaker Friday amid mixed economic signals and concerns about refinery maintenance curbing near-term U.S. oil demand.

Traders said disappointing data on U.S. new home sales in December negated the impact of day-earlier figures showing a five-year low in weekly jobless claims. The Commerce Department said home sales dropped by 7.3% from November, to 369,000 homes. That fell short of forecasts for sales of 385,000 homes in the month.

With the shine off the economic picture, the focus shifted to bearish U.S. oil data, which showed refiner demand for crude oil last week was cut dramatically--to a 20-month low--by operating snags and seasonal maintenance. The drop in crude runs of 895,000 barrels a day was the most since September 2008, w


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Submitted Jan 27, 2013 By: mastermariner
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Crude-Oil Futures Rally Stalls Below $96 a Barrel Back to Topics
REPLIES (newest first) Post a Reply
Wanda127
Champion Author Florida

Posts:5,723
Points:1,716,165
Joined:May 2010
Message Posted: Jan 27, 2013 9:13:34 PM

Gas prices have been going up in FL. since the 1st of the year. We really need to drill more in the U.S. & get these prices down.
TripleHs
Champion Author Austin

Posts:3,868
Points:1,051,020
Joined:Oct 2009
Message Posted: Jan 27, 2013 7:39:49 PM

way too high
scu227
Champion Author New Haven

Posts:8,876
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Joined:Feb 2011
Message Posted: Jan 27, 2013 5:40:34 PM

SPECULATORS !!!!!
Tekkersmom57
Champion Author Syracuse

Posts:5,220
Points:1,521,740
Joined:May 2010
Message Posted: Jan 27, 2013 4:55:25 PM

I find it sad that oil goes up and down on the whim of what is being reported....jobs lost.....oil goes down.....houses built.....oil goes up....the dollar is weak....oil goes up.....economy looking poorly....oil goes down.....refinery fires....oil goes up.....you get the picture. The reporting of any small thing, sends the speculators into a buying/selling frenzy depending on the basis of the article.
pliskin
Champion Author Syracuse

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Joined:Apr 2005
Message Posted: Jan 27, 2013 4:16:18 PM

Yep, prices are definitely on a steady rise!
Red7002011
Champion Author Mississippi

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Message Posted: Jan 27, 2013 4:04:18 PM

Gas prices going up!
GNo1
Champion Author Nashville

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Joined:May 2011
Message Posted: Jan 27, 2013 3:55:22 PM

futures. nice.
snarkysmarko
Champion Author Baltimore

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Joined:Nov 2010
Message Posted: Jan 27, 2013 3:54:46 PM

ouch
mikaye
Champion Author Cleveland

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Joined:Jun 2010
Message Posted: Jan 27, 2013 3:51:59 PM

doesn't matter the price of crude oil, gas will be priced at the whim of the gas company
ou812again
Champion Author Cincinnati

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Message Posted: Jan 27, 2013 3:50:34 PM

gas is rising here
cincidap
Champion Author Cincinnati

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Points:732,200
Joined:Sep 2006
Message Posted: Jan 27, 2013 3:49:04 PM

$35??? We'll be lucky if it ever gets below $80 without a major market crash.
midnightsdc
Champion Author Ontario

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Joined:Jan 2007
Message Posted: Jan 27, 2013 3:46:07 PM

Did i hear $35 BARREL..???
That is where it should be.
Stevedog
Champion Author Michigan

Posts:5,112
Points:2,200,115
Joined:Jul 2006
Message Posted: Jan 27, 2013 3:43:19 PM

If they try harder I'm sure the speculators can get it over $96 a barrel
mfgendron
Champion Author New York

Posts:3,543
Points:1,010,880
Joined:Sep 2008
Message Posted: Jan 27, 2013 3:42:31 PM

Stalls? WAY TOO HIGH!!!!
friday21
Champion Author Toronto

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Joined:Jul 2010
Message Posted: Jan 27, 2013 3:40:49 PM

ok
regasaz
Champion Author Phoenix

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Message Posted: Jan 27, 2013 3:40:16 PM

I will just continue to drive less and combine trips.
Romey08
Champion Author Virginia

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Points:1,655,675
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Message Posted: Jan 27, 2013 3:38:12 PM

hopefully, demand will continue to drop and gas will drop too
Somis1
Champion Author Ventura

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Message Posted: Jan 27, 2013 3:37:44 PM

All we can do is conserve.
Kaiyne
Champion Author Chicago

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Joined:Feb 2011
Message Posted: Jan 27, 2013 3:33:54 PM

Prices will still go up fast.
Rajah
Champion Author Illinois

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Message Posted: Jan 27, 2013 3:33:19 PM

Drop, Baby, drop.
mageetp
Champion Author British Columbia

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Message Posted: Jan 27, 2013 3:32:53 PM

No help here, pump prices still to high.
bobcatfan
Champion Author Kentucky

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Message Posted: Jan 27, 2013 3:32:30 PM

This is one of the benefits of a lower demand. Use less, pay less.
momof5MN
Champion Author Twin Cities

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Joined:Feb 2011
Message Posted: Jan 27, 2013 3:32:11 PM

Up down up down.
julius1st4
Champion Author Ontario

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Message Posted: Jan 27, 2013 3:30:10 PM

Lets hope that the price stalls a little lower!!
Jeff4U
Champion Author Atlanta

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Message Posted: Jan 27, 2013 3:29:29 PM

This stalled rally surely didn't stop wholesale gasoline prices from rising.
Last week: $2.70 per gallon
This week: $2.89 per gallon
snerd
All-Star Author Pennsylvania

Posts:935
Points:666,700
Joined:May 2005
Message Posted: Jan 27, 2013 3:29:25 PM

Ok
BobbyVA
Champion Author Virginia Beach

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Joined:Jul 2009
Message Posted: Jan 27, 2013 3:26:56 PM

$5/gal gas is exactly what the progressive liberals want for their socialist marxis agenda. Remember Reid, Pelosi, Chu and Obama all wanted the $5 plane to push the little people into hybrids and EVs, all between $39-$51, a price range that most people can't afford.
wulf2000
Champion Author Miami

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Message Posted: Jan 27, 2013 3:26:40 PM

And a situation in the Middle East can spike the price in a hurry.
fire@53
Champion Author Philadelphia

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Message Posted: Jan 27, 2013 3:23:51 PM

If Obama wants to tax someone, tax the speculators to a point where the cost is not worth the risk.
THX138
Champion Author San Francisco

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Message Posted: Jan 27, 2013 3:19:48 PM

Come on $5 a gallon gas!
DooDaa
Champion Author Massachusetts

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Joined:Dec 2004
Message Posted: Jan 27, 2013 3:19:27 PM

take 1 down.. pass it around...
papou
Champion Author Tampa

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Message Posted: Jan 27, 2013 3:19:24 PM

With the existing inventories crude should be selling for about $76 tankers are anchoring off the coast of up to 25 days because they have no place to empty their tanks all the retainer tanks on land or fool or they are taking them to Mexico
Banjoe
Champion Author Winnipeg

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Message Posted: Jan 27, 2013 3:18:51 PM

Crude goes down and pump prices go up. I'm beginning to think that the gas companies are just out to make money and aren't there to make my life better.
RAC110
Champion Author Massachusetts

Posts:7,195
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Message Posted: Jan 27, 2013 3:18:20 PM

the gas prices are up around here
MDTDriver
Champion Author California

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Message Posted: Jan 27, 2013 3:14:26 PM

It does not matter some stations are going up some are staying put!
mrmike75
All-Star Author Las Vegas

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Joined:Jun 2011
Message Posted: Jan 27, 2013 3:13:36 PM

we all pay for it whether its up or down
Old Timer
Champion Author Akron

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Joined:Sep 2003
Message Posted: Jan 27, 2013 3:05:45 PM

Up or down, the consumer is going to get it in the end.
Bearcat500
Champion Author Cincinnati

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Joined:Nov 2005
Message Posted: Jan 27, 2013 3:05:33 PM

Up or down they will just find another excuse to keep gas prices higher.
driveonby1
Champion Author Toledo

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Joined:Jun 2007
Message Posted: Jan 27, 2013 3:04:13 PM

The forcasting gets more and more disconnected.
SteveMartin
Champion Author New Orleans

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Message Posted: Jan 27, 2013 3:03:38 PM

We are stuck with obama & high gas prices
I10Express
Champion Author San Antonio

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Joined:Nov 2008
Message Posted: Jan 27, 2013 3:03:37 PM

Greedy commodity traders. Put them in jail
hallows
Champion Author St. Louis

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Joined:Jun 2004
Message Posted: Jan 27, 2013 3:03:29 PM

Right on, jcpatriots!
satrn38mpg
Champion Author Raleigh

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Joined:Sep 2009
Message Posted: Jan 27, 2013 3:00:49 PM

another old story . never going to be stable >>
jcpatriots
Champion Author Massachusetts

Posts:5,796
Points:1,321,020
Joined:Sep 2011
Message Posted: Jan 27, 2013 3:00:45 PM

Ridiculous that it's even that high... ESPECIALLY IN JANUARY!
iFueler
Champion Author Durham

Posts:76,630
Points:1,002,875
Joined:Nov 2012
Message Posted: Jan 27, 2013 3:00:31 PM

as said many times, all that is needed is movement, up or down, to make money, "stalled" is not good for speculators ............
vwilsonskis
Champion Author New Jersey

Posts:3,997
Points:1,051,490
Joined:May 2011
Message Posted: Jan 27, 2013 2:58:50 PM

sorry if it goes up we might get jobs back, but I need a break from from all the high prices, because my cost of living has increased plus no increase in pay!
jcotaxi
Champion Author South Bend

Posts:3,299
Points:685,170
Joined:Jun 2011
Message Posted: Jan 27, 2013 2:58:35 PM

It's a good thing when prices settle lower.
g747
Champion Author Mobile

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Joined:Jul 2009
Message Posted: Jan 27, 2013 2:58:24 PM

May the prices keep dropping.
Canucktree
Champion Author Alberta

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Joined:Dec 2008
Message Posted: Jan 27, 2013 2:58:15 PM

Up & down.
ItisAJeepThing
Champion Author Tucson

Posts:109,577
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Joined:Oct 2006
Message Posted: Jan 27, 2013 2:57:49 PM

Crude-Oil Futures trading should be banned for all except end users that actually take delivery of the oil that they buy.
Eugenian
Champion Author Oregon

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Points:540,645
Joined:Oct 2009
Message Posted: Jan 27, 2013 2:57:35 PM

What alkarn said.
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