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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

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Wanda127 Champion Author Florida Posts:2,487 Points:913,015 Joined:May 2010	Message Posted: Jan 27, 2013 9:13:34 PM Ignore Wanda127 Report Abuse 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:3,355 Points:915,140 Joined:Oct 2009	Message Posted: Jan 27, 2013 7:39:49 PM Ignore TripleHs Report Abuse way too high
scu227 Champion Author New Haven Posts:4,141 Points:769,930 Joined:Feb 2011	Message Posted: Jan 27, 2013 5:40:34 PM Ignore scu227 Report Abuse SPECULATORS !!!!!
Tekkersmom57 Champion Author Syracuse Posts:1,869 Points:699,240 Joined:May 2010	Message Posted: Jan 27, 2013 4:55:25 PM Ignore Tekkersmom57 Report Abuse 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 Posts:6,072 Points:1,729,970 Joined:Apr 2005	Message Posted: Jan 27, 2013 4:16:18 PM Ignore pliskin Report Abuse Yep, prices are definitely on a steady rise!
Red7002011 Champion Author Mississippi Posts:3,322 Points:666,770 Joined:Jul 2011	Message Posted: Jan 27, 2013 4:04:18 PM Ignore Red7002011 Report Abuse Gas prices going up!
GNo1 All-Star Author Nashville Posts:915 Points:380,730 Joined:May 2011	Message Posted: Jan 27, 2013 3:55:22 PM Ignore GNo1 Report Abuse futures. nice.
snarkysmarko Champion Author Baltimore Posts:3,072 Points:686,605 Joined:Nov 2010	Message Posted: Jan 27, 2013 3:54:46 PM Ignore snarkysmarko Report Abuse ouch
mikaye Champion Author Cleveland Posts:3,819 Points:862,485 Joined:Jun 2010	Message Posted: Jan 27, 2013 3:51:59 PM Ignore mikaye Report Abuse doesn't matter the price of crude oil, gas will be priced at the whim of the gas company
ou812again Champion Author Cincinnati Posts:3,309 Points:668,185 Joined:Apr 2011	Message Posted: Jan 27, 2013 3:50:34 PM Ignore ou812again Report Abuse gas is rising here
cincidap Champion Author Cincinnati Posts:3,625 Points:720,925 Joined:Sep 2006	Message Posted: Jan 27, 2013 3:49:04 PM Ignore cincidap Report Abuse $35??? We'll be lucky if it ever gets below $80 without a major market crash.
midnightsdc Champion Author Ontario Posts:2,294 Points:1,482,340 Joined:Jan 2007	Message Posted: Jan 27, 2013 3:46:07 PM Ignore midnightsdc Report Abuse Did i hear $35 BARREL..??? That is where it should be.
Stevedog Champion Author Michigan Posts:3,843 Points:1,943,945 Joined:Jul 2006	Message Posted: Jan 27, 2013 3:43:19 PM Ignore Stevedog Report Abuse If they try harder I'm sure the speculators can get it over $96 a barrel
mfgendron All-Star Author New York Posts:679 Points:307,910 Joined:Sep 2008	Message Posted: Jan 27, 2013 3:42:31 PM Ignore mfgendron Report Abuse Stalls? WAY TOO HIGH!!!!
friday21 Champion Author Toronto Posts:5,327 Points:683,435 Joined:Jul 2010	Message Posted: Jan 27, 2013 3:40:49 PM Ignore friday21 Report Abuse ok
regasaz Champion Author Phoenix Posts:5,775 Points:1,280,880 Joined:Dec 2006	Message Posted: Jan 27, 2013 3:40:16 PM Ignore regasaz Report Abuse I will just continue to drive less and combine trips.
Romey08 Champion Author Virginia Posts:6,311 Points:1,436,490 Joined:Apr 2008	Message Posted: Jan 27, 2013 3:38:12 PM Ignore Romey08 Report Abuse hopefully, demand will continue to drop and gas will drop too
Somis1 Champion Author Ventura Posts:13,672 Points:2,612,825 Joined:Jul 2005	Message Posted: Jan 27, 2013 3:37:44 PM Ignore Somis1 Report Abuse All we can do is conserve.
Kaiyne Champion Author Chicago Posts:2,329 Points:470,765 Joined:Feb 2011	Message Posted: Jan 27, 2013 3:33:54 PM Ignore Kaiyne Report Abuse Prices will still go up fast.
Rajah Champion Author Illinois Posts:7,564 Points:2,304,995 Joined:Jul 2005	Message Posted: Jan 27, 2013 3:33:19 PM Ignore Rajah Report Abuse Drop, Baby, drop.
mageetp Champion Author British Columbia Posts:3,200 Points:623,930 Joined:Aug 2011	Message Posted: Jan 27, 2013 3:32:53 PM Ignore mageetp Report Abuse No help here, pump prices still to high.
bobcatfan Champion Author Kentucky Posts:1,592 Points:616,570 Joined:Apr 2011	Message Posted: Jan 27, 2013 3:32:30 PM Ignore bobcatfan Report Abuse This is one of the benefits of a lower demand. Use less, pay less.
momof5MN Champion Author Twin Cities Posts:4,044 Points:213,810 Joined:Feb 2011	Message Posted: Jan 27, 2013 3:32:11 PM Ignore momof5MN Report Abuse Up down up down.
julius1st4 Champion Author Ontario Posts:4,198 Points:1,190,050 Joined:Jul 2003	Message Posted: Jan 27, 2013 3:30:10 PM Ignore julius1st4 Report Abuse Lets hope that the price stalls a little lower!!
Jeff4U Champion Author Atlanta Posts:8,738 Points:1,850,420 Joined:Nov 2004	Message Posted: Jan 27, 2013 3:29:29 PM Ignore Jeff4U Report Abuse 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:653,900 Joined:May 2005	Message Posted: Jan 27, 2013 3:29:25 PM Ignore snerd Report Abuse Ok
BobbyVA Champion Author Virginia Beach Posts:5,492 Points:1,173,600 Joined:Jul 2009	Message Posted: Jan 27, 2013 3:26:56 PM Ignore BobbyVA Report Abuse $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 Posts:3,022 Points:1,386,755 Joined:May 2005	Message Posted: Jan 27, 2013 3:26:40 PM Ignore wulf2000 Report Abuse And a situation in the Middle East can spike the price in a hurry.
fire@53 Champion Author Philadelphia Posts:11,818 Points:2,767,125 Joined:May 2003	Message Posted: Jan 27, 2013 3:23:51 PM Ignore fire@53 Report Abuse 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 Posts:2,547 Points:1,012,020 Joined:Apr 2010	Message Posted: Jan 27, 2013 3:19:48 PM Ignore THX138 Report Abuse Come on $5 a gallon gas!
DooDaa Champion Author Massachusetts Posts:4,646 Points:1,060,340 Joined:Dec 2004	Message Posted: Jan 27, 2013 3:19:27 PM Ignore DooDaa Report Abuse take 1 down.. pass it around...
papou Champion Author Tampa Posts:10,869 Points:1,903,410 Joined:Jul 2005	Message Posted: Jan 27, 2013 3:19:24 PM Ignore papou Report Abuse 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 Posts:4,231 Points:612,235 Joined:Apr 2011	Message Posted: Jan 27, 2013 3:18:51 PM Ignore Banjoe Report Abuse 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:5,949 Points:1,851,545 Joined:Mar 2003	Message Posted: Jan 27, 2013 3:18:20 PM Ignore RAC110 Report Abuse the gas prices are up around here
MDTDriver Champion Author California Posts:9,719 Points:2,153,670 Joined:Jul 2006	Message Posted: Jan 27, 2013 3:14:26 PM Ignore MDTDriver Report Abuse It does not matter some stations are going up some are staying put!
mrmike75 Veteran Author Las Vegas Posts:476 Points:61,795 Joined:Jun 2011	Message Posted: Jan 27, 2013 3:13:36 PM Ignore mrmike75 Report Abuse we all pay for it whether its up or down
Old Timer Champion Author Akron Posts:3,727 Points:1,260,090 Joined:Sep 2003	Message Posted: Jan 27, 2013 3:05:45 PM Ignore Old Timer Report Abuse Up or down, the consumer is going to get it in the end.
Bearcat500 Champion Author Cincinnati Posts:9,715 Points:1,629,325 Joined:Nov 2005	Message Posted: Jan 27, 2013 3:05:33 PM Ignore Bearcat500 Report Abuse Up or down they will just find another excuse to keep gas prices higher.
driveonby1 Champion Author Toledo Posts:1,507 Points:256,665 Joined:Jun 2007	Message Posted: Jan 27, 2013 3:04:13 PM Ignore driveonby1 Report Abuse The forcasting gets more and more disconnected.
SteveMartin Champion Author New Orleans Posts:4,418 Points:883,465 Joined:May 2008	Message Posted: Jan 27, 2013 3:03:38 PM Ignore SteveMartin Report Abuse We are stuck with obama & high gas prices
I10Express Champion Author San Antonio Posts:8,659 Points:1,638,020 Joined:Nov 2008	Message Posted: Jan 27, 2013 3:03:37 PM Ignore I10Express Report Abuse Greedy commodity traders. Put them in jail
hallows Champion Author St. Louis Posts:4,688 Points:2,802,670 Joined:Jun 2004	Message Posted: Jan 27, 2013 3:03:29 PM Ignore hallows Report Abuse Right on, jcpatriots!
satrn38mpg Champion Author Raleigh Posts:5,057 Points:1,051,090 Joined:Sep 2009	Message Posted: Jan 27, 2013 3:00:49 PM Ignore satrn38mpg Report Abuse another old story . never going to be stable >>
jcpatriots Champion Author Massachusetts Posts:3,898 Points:597,095 Joined:Sep 2011	Message Posted: Jan 27, 2013 3:00:45 PM Ignore jcpatriots Report Abuse Ridiculous that it's even that high... ESPECIALLY IN JANUARY!
iFueler Champion Author Durham Posts:64,328 Points:176,575 Joined:Nov 2012	Message Posted: Jan 27, 2013 3:00:31 PM Ignore iFueler Report Abuse as said many times, all that is needed is movement, up or down, to make money, "stalled" is not good for speculators ............
vwilsonskis All-Star Author New Jersey Posts:727 Points:236,045 Joined:May 2011	Message Posted: Jan 27, 2013 2:58:50 PM Ignore vwilsonskis Report Abuse 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:1,750 Points:358,030 Joined:Jun 2011	Message Posted: Jan 27, 2013 2:58:35 PM Ignore jcotaxi Report Abuse It's a good thing when prices settle lower.
g747 Champion Author Mobile Posts:4,531 Points:931,720 Joined:Jul 2009	Message Posted: Jan 27, 2013 2:58:24 PM Ignore g747 Report Abuse May the prices keep dropping.
Canucktree Champion Author Alberta Posts:4,886 Points:1,018,675 Joined:Dec 2008	Message Posted: Jan 27, 2013 2:58:15 PM Ignore Canucktree Report Abuse Up & down.
ItisAJeepThing Champion Author Tucson Posts:19,740 Points:2,149,630 Joined:Oct 2006	Message Posted: Jan 27, 2013 2:57:49 PM Ignore ItisAJeepThing Report Abuse Crude-Oil Futures trading should be banned for all except end users that actually take delivery of the oil that they buy.