Not Logged In Log In   Sign Up   Points Leaders
Follow Us    11:52 AM

GasBuddy News Article

51
votes
Brent crude rises to above $114 after Monday's plunge

Reuters -- Brent crude rose to near $114 a barrel on Tuesday, after steep losses in the previous session, but gains were limited as investors weighed the impact of the Federal Reserve's stimulus push on oil demand and eyed China's next step to boost its economy.

Brent crude fell more than $5 a barrel late on Monday in a wave of late, high-volume selling that many traders said appeared to have stemmed from an automated computer trading program. The U.S. Commodity Futures Trading Commission said it is looking into the incident and checking with exchange operators CME Group (CME.O) and Intercontinental Exchange (ICE.N).

Brent crude for November delivery was up 46 cents at $114.25 a barrel by 0221 GMT. Brent, which had settled at $116.66 a barrel on Friday in its seventh straight session of gains,

Read the Full Article

Submitted Sep 18, 2012 By: Martinman
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Brent crude rises to above $114 after Monday's plunge Post a Reply Back to Topics
REPLIES (newest first)
First
1234
Next Last
Profile Pic
Martinman
Champion Author Mississippi

Posts:14,749
Points:2,095,780
Joined:Sep 2005
Message Posted: Sep 20, 2012 12:42:38 AM
 Ignore Martinman Report Abuse

I disagree.

"We" do wait until the most things reach a crisis-phase, *then* always work to correct/fix it.

Maybe this one will break the American habit of procastination...
Profile Pic
CPGas1815
Champion Author Michigan

Posts:6,027
Points:1,099,605
Joined:Apr 2008
Message Posted: Sep 19, 2012 4:15:37 PM
 Ignore CPGas1815 Report Abuse

It seems like we are on the "Big Oil" roller coaster to economic insolvency.
Profile Pic
sparky808
Champion Author Honolulu

Posts:3,013
Points:600,660
Joined:Sep 2011
Message Posted: Sep 19, 2012 12:37:34 PM
 Ignore sparky808 Report Abuse

Thank you for posting.
Profile Pic
BEGTWO
Champion Author Maryland

Posts:1,952
Points:726,840
Joined:Sep 2010
Message Posted: Sep 19, 2012 10:20:51 AM
 Ignore BEGTWO Report Abuse

OH...NO
Profile Pic
tomok
Champion Author Portland

Posts:33,085
Points:2,348,435
Joined:Aug 2006
Message Posted: Sep 19, 2012 2:37:37 AM
 Ignore tomok Report Abuse

All the more reason why fuel prices at the pump are too high! Cheaper crude oil, cheaper fuel prices at the pump, restart Chucky's economy and move on, the economy is not improving but continues to hurt the population!
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
12/22/2012!
Profile Pic
VanIsleLes
All-Star Author British Columbia

Posts:898
Points:278,495
Joined:Jun 2012
Message Posted: Sep 19, 2012 12:53:05 AM
 Ignore VanIsleLes Report Abuse

Oh my ...
Profile Pic
southrob
Champion Author Tucson

Posts:3,615
Points:691,100
Joined:Mar 2011
Message Posted: Sep 19, 2012 12:36:54 AM
 Ignore southrob Report Abuse

dhan get it to 50 a barrel
Profile Pic
heartbroken2010
Champion Author Ottawa

Posts:4,359
Points:900,460
Joined:Aug 2010
Message Posted: Sep 18, 2012 11:15:55 PM
 Ignore heartbroken2010 Report Abuse

plenty of profit for all @ $90. a barrel, sad we wont see this in every day gas pricing.
Profile Pic
crreed1
Champion Author West Virginia

Posts:2,000
Points:2,529,260
Joined:May 2005
Message Posted: Sep 18, 2012 11:15:27 PM
 Ignore crreed1 Report Abuse

all BS
Profile Pic
rahcat
Champion Author Grand Rapids

Posts:2,483
Points:665,125
Joined:Jan 2010
Message Posted: Sep 18, 2012 11:13:12 PM
 Ignore rahcat Report Abuse

Tired of the Yo Yo thing.
Profile Pic
quasar502
Champion Author Lansing

Posts:3,598
Points:804,275
Joined:Jan 2011
Message Posted: Sep 18, 2012 11:12:00 PM
 Ignore quasar502 Report Abuse

Pure game playin.
Profile Pic
jrschl
Champion Author Louisville

Posts:2,982
Points:683,990
Joined:Jun 2011
Message Posted: Sep 18, 2012 11:10:52 PM
 Ignore jrschl Report Abuse

Enough with all the junk about all the different crude.
Profile Pic
judgemobile
Champion Author Ohio

Posts:7,585
Points:2,448,060
Joined:Nov 2005
Message Posted: Sep 18, 2012 11:09:11 PM
 Ignore judgemobile Report Abuse

conflicting stories.
Profile Pic
joel27nc
Champion Author Raleigh

Posts:10,552
Points:1,861,295
Joined:Mar 2008
Message Posted: Sep 18, 2012 11:07:34 PM
 Ignore joel27nc Report Abuse

Sounds like we are starting to get speculator intervention into normal price setting again. Speculators SUCK!
Profile Pic
ProRogue
Veteran Author Vancouver

Posts:382
Points:1,085,990
Joined:Dec 2008
Message Posted: Sep 18, 2012 11:06:07 PM
 Ignore ProRogue Report Abuse


Hey GigHarborHound:

Were you REALLY so confused by THREE of the five news articles that the best you could come up with was "huh?"..

..HUH?
Profile Pic
ManOfLeisureII
Champion Author Philadelphia

Posts:1,889
Points:456,325
Joined:Jan 2012
Message Posted: Sep 18, 2012 11:05:38 PM
 Ignore ManOfLeisureII Report Abuse

Back to $100 by year end
Profile Pic
Ray_10589
Champion Author New York

Posts:4,961
Points:1,185,910
Joined:May 2009
Message Posted: Sep 18, 2012 11:02:54 PM
 Ignore Ray_10589 Report Abuse

geed
Profile Pic
txkrb
Champion Author Texas

Posts:1,563
Points:639,965
Joined:May 2011
Message Posted: Sep 18, 2012 11:02:19 PM
 Ignore txkrb Report Abuse

Actually Brent crude closed down on Wednesday
Profile Pic
judgemobile
Champion Author Ohio

Posts:7,585
Points:2,448,060
Joined:Nov 2005
Message Posted: Sep 18, 2012 11:01:54 PM
 Ignore judgemobile Report Abuse

waiting for Bummer to brag about his energy record at the debates
Profile Pic
GigHarborHound
Champion Author Tacoma

Posts:2,547
Points:490,440
Joined:Sep 2011
Message Posted: Sep 18, 2012 11:01:02 PM
 Ignore GigHarborHound Report Abuse

Huh?
Profile Pic
PrinceLH
Champion Author Ontario

Posts:2,707
Points:540,970
Joined:Jun 2011
Message Posted: Sep 18, 2012 11:00:46 PM
 Ignore PrinceLH Report Abuse

Mostly up!
Profile Pic
menagerie1013
Champion Author San Diego

Posts:2,365
Points:692,240
Joined:Apr 2011
Message Posted: Sep 18, 2012 10:54:39 PM
 Ignore menagerie1013 Report Abuse

It's up, it's down. There is no consistency.
Profile Pic
Beaveronparade
Champion Author Hartford

Posts:2,108
Points:637,535
Joined:Mar 2011
Message Posted: Sep 18, 2012 10:48:34 PM
 Ignore Beaveronparade Report Abuse

I'm sure this isn't the last we'll see of the up & down. It almost makes you dizzy.
Profile Pic
LostToo
Champion Author Illinois

Posts:4,392
Points:975,315
Joined:May 2009
Message Posted: Sep 18, 2012 10:47:24 PM
 Ignore LostToo Report Abuse

Just numbers... Means nothing to me...
Profile Pic
GoGoGoodyear
Champion Author Los Angeles

Posts:2,060
Points:510,075
Joined:Mar 2010
Message Posted: Sep 18, 2012 10:45:17 PM
 Ignore GoGoGoodyear Report Abuse


Of course, the U.S. Commodity Futures Trading Commission said it is looking into it. And that's as far as it will go.
Profile Pic
Mustache_33
All-Star Author Toronto

Posts:900
Points:181,455
Joined:May 2012
Message Posted: Sep 18, 2012 10:42:01 PM
 Ignore Mustache_33 Report Abuse

hm
Profile Pic
aggietim
Champion Author Fort Worth

Posts:1,756
Points:694,975
Joined:Oct 2008
Message Posted: Sep 18, 2012 10:41:45 PM
 Ignore aggietim Report Abuse

ok
Profile Pic
suchont
Veteran Author Los Angeles

Posts:308
Points:166,715
Joined:May 2012
Message Posted: Sep 18, 2012 10:41:23 PM
 Ignore suchont Report Abuse

.
Profile Pic
pgerassi
Champion Author Milwaukee

Posts:10,911
Points:2,134,530
Joined:Apr 2007
Message Posted: Sep 18, 2012 10:41:01 PM
 Ignore pgerassi Report Abuse

STUPID!
Profile Pic
SavALot
Champion Author Virginia Beach

Posts:8,484
Points:1,714,535
Joined:Apr 2005
Message Posted: Sep 18, 2012 10:38:47 PM
 Ignore SavALot Report Abuse

Rise and fall like the tides
Profile Pic
abcdMA
Champion Author Worcester

Posts:7,937
Points:1,577,905
Joined:Nov 2008
Message Posted: Sep 18, 2012 10:37:22 PM
 Ignore abcdMA Report Abuse

keep demand down
Profile Pic
DrCashFlow
Champion Author Massachusetts

Posts:7,079
Points:1,630,050
Joined:Jun 2008
Message Posted: Sep 18, 2012 10:34:23 PM
 Ignore DrCashFlow Report Abuse

if fed is going to flood forever, hedge gas prices by owning some gold
Profile Pic
fullauto
Champion Author Reading

Posts:5,330
Points:1,474,015
Joined:Apr 2008
Message Posted: Sep 18, 2012 10:28:05 PM
 Ignore fullauto Report Abuse

go
Profile Pic
wayoung56
Champion Author Alabama

Posts:2,815
Points:821,260
Joined:Oct 2006
Message Posted: Sep 18, 2012 10:25:51 PM
 Ignore wayoung56 Report Abuse

More BS...
Profile Pic
miser709
Champion Author Grand Rapids

Posts:1,268
Points:1,072,550
Joined:Mar 2004
Message Posted: Sep 18, 2012 10:25:28 PM
 Ignore miser709 Report Abuse

Greed
Profile Pic
mstearno
Champion Author Dayton

Posts:8,080
Points:1,734,140
Joined:Jan 2008
Message Posted: Sep 18, 2012 10:22:22 PM
 Ignore mstearno Report Abuse

weak dollar
that's what happens when you print it as fast as you can
Profile Pic
IUVidiot
Champion Author Indiana

Posts:3,600
Points:711,385
Joined:Jun 2011
Message Posted: Sep 18, 2012 10:22:06 PM
 Ignore IUVidiot Report Abuse

I feel the pain
Profile Pic
WIPACKERFAN
Champion Author Chicago

Posts:8,814
Points:1,845,400
Joined:Aug 2005
Message Posted: Sep 18, 2012 10:19:34 PM
 Ignore WIPACKERFAN Report Abuse

Ouch!!!!!!!!!!!!!
Profile Pic
us4usa
Champion Author Missouri

Posts:6,003
Points:1,115,215
Joined:May 2008
Message Posted: Sep 18, 2012 10:17:38 PM
 Ignore us4usa Report Abuse

Not good news for the 99%...
Profile Pic
rwe930
Veteran Author Alabama

Posts:319
Points:391,160
Joined:Aug 2011
Message Posted: Sep 18, 2012 10:14:01 PM
 Ignore rwe930 Report Abuse

i've seen the pics
Profile Pic
greentre
All-Star Author Pensacola

Posts:803
Points:277,565
Joined:Oct 2011
Message Posted: Sep 18, 2012 10:12:06 PM
 Ignore greentre Report Abuse

UURRPP!! I'm getting sea-sick from the ups and downs of these friggin prices!
Profile Pic
WIWalt
Champion Author Wisconsin

Posts:1,744
Points:418,655
Joined:Mar 2012
Message Posted: Sep 18, 2012 10:09:39 PM
 Ignore WIWalt Report Abuse

Expect more wild swings until after the elections. BIG OIL need the cash flow to support the re-election trips & commercials
Profile Pic
commins
Champion Author Riverside

Posts:2,008
Points:1,057,880
Joined:Feb 2009
Message Posted: Sep 18, 2012 10:07:53 PM
 Ignore commins Report Abuse

Good grief charlie Brown
Profile Pic
TFowler513
Champion Author Memphis

Posts:3,824
Points:1,416,485
Joined:Mar 2008
Message Posted: Sep 18, 2012 10:07:05 PM
 Ignore TFowler513 Report Abuse

It's up, down and all around. The only thing consistent is the nose bleed and hypoxia you get at the pump!!!
Profile Pic
Is246
Champion Author Albuquerque

Posts:1,019
Points:428,710
Joined:Apr 2011
Message Posted: Sep 18, 2012 10:03:38 PM
 Ignore Is246 Report Abuse

Way too high.
Profile Pic
bonzoonfmb
Champion Author Florida

Posts:1,792
Points:646,535
Joined:Feb 2010
Message Posted: Sep 18, 2012 10:03:12 PM
 Ignore bonzoonfmb Report Abuse

Gas prices are too high.
Profile Pic
Lukus
Champion Author Halifax

Posts:8,299
Points:1,677,455
Joined:Nov 2007
Message Posted: Sep 18, 2012 10:01:43 PM
 Ignore Lukus Report Abuse

ok
Profile Pic
dollarwatcher
Champion Author Wisconsin

Posts:7,955
Points:1,537,320
Joined:Mar 2007
Message Posted: Sep 18, 2012 9:56:17 PM
 Ignore dollarwatcher Report Abuse

Good news for Europe.
Profile Pic
CPGas1815
Champion Author Michigan

Posts:6,027
Points:1,099,605
Joined:Apr 2008
Message Posted: Sep 18, 2012 9:52:03 PM
 Ignore CPGas1815 Report Abuse

I feel like we are on the "Big Oil" roller coaster to economic insolvency due to the manipulation of supply of crude oil.
Profile Pic
unicornIL
Veteran Author Chicago

Posts:446
Points:387,895
Joined:Jan 2012
Message Posted: Sep 18, 2012 9:51:58 PM
 Ignore unicornIL Report Abuse

gee I thought prices were supposed to go down
Post a reply Back to Topics
First
1234
Next Last
"Consumers working together to save on gas"