Not Logged In Log In   Sign Up   Points Leaders
Follow Us    6:20 AM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil tops $91 for 1st time since late May Back to Topics
Nitewolf
Champion Author
Anchorage

Posts:29,397
Points:2,928,795
Joined:Jun 2004
Message Posted: Jul 19, 2012 9:24:37 AM

Published: July 19th, 2012 05:32 AM
Last Modified: July 19th, 2012 06:01 AM

NEW YORK (AP) - Oil prices rose above $91 a barrel for the first time since late May on signs of increased demand in the U.S. and amid rising tensions in the Middle East.

Early in New York, benchmark crude was up $1.56 at $91.43 a barrel. The price has risen about $14 per barrel since oil hit its low for the year three weeks ago.

U.S. drivers are seeing a corresponding increase at the pump. A gallon of regular gas now costs an average of $3.44, up 11 cents from July 1.

The Energy Information Administration reported Wednesday that average oil demand increased last week in the U.S. for the third week in a row. The escalating conflict in Syria and renewed tensions between Iran and Israel are also contributing to
Visit The Associated Press for full article
REPLIES (newest first) Post a Reply
ObieDog
Champion Author Maryland

Posts:5,020
Points:1,670,270
Joined:Sep 2010
Message Posted: Jul 19, 2012 10:36:20 PM

Hate it !!
WalkingWV
Champion Author West Virginia

Posts:3,883
Points:809,450
Joined:May 2008
Message Posted: Jul 19, 2012 4:08:32 PM

34 cent spike at the pump today. boo
jlf599
Veteran Author Kentucky

Posts:339
Points:126,925
Joined:May 2012
Message Posted: Jul 19, 2012 1:52:46 PM

Speculators are winning the war...
AskMeLater
Champion Author Amarillo

Posts:5,298
Points:1,396,555
Joined:Jul 2005
Message Posted: Jul 19, 2012 1:13:24 PM

Of course.
TripleHs
Champion Author Austin

Posts:3,868
Points:1,051,020
Joined:Oct 2009
Message Posted: Jul 19, 2012 12:23:16 PM

speculators are gaining ground
investmentdr
Champion Author Cleveland

Posts:6,746
Points:2,244,025
Joined:Sep 2008
Message Posted: Jul 19, 2012 12:20:35 PM

nice while it lasted
PathfinderSC
Champion Author South Carolina

Posts:13,023
Points:2,628,815
Joined:Mar 2008
Message Posted: Jul 19, 2012 11:50:05 AM

Not good.
xgojim
Champion Author Michigan

Posts:2,134
Points:1,182,245
Joined:Mar 2011
Message Posted: Jul 19, 2012 11:44:34 AM

Folks, oil is a commodity, just like corn (going up too), wheat (up), etc. It's not much different than the stock market, which tends to change on whims and speculation. Count your blessings for the low period. Given the state of our economy, there's no reason to expect a huge demand (price) boost any time soon. But then again, events in the middle east may be perceived as threats to supply and increase oil prices anyway. Does this seem like Las Vegas?
clpassenubye
Champion Author Los Angeles

Posts:4,385
Points:1,489,430
Joined:Mar 2011
Message Posted: Jul 19, 2012 11:38:04 AM

what?
Lugi1967
Champion Author Ohio

Posts:7,761
Points:1,812,225
Joined:Jun 2010
Message Posted: Jul 19, 2012 11:29:57 AM

Oh no
LostInNY
Champion Author New York

Posts:4,975
Points:1,472,235
Joined:Apr 2011
Message Posted: Jul 19, 2012 11:15:24 AM

Party's over!
schatzila
Champion Author Los Angeles

Posts:5,986
Points:1,226,545
Joined:Jun 2010
Message Posted: Jul 19, 2012 11:05:32 AM

I would've never guessed that could happen.
BEGTWO
Champion Author Maryland

Posts:4,800
Points:1,509,015
Joined:Sep 2010
Message Posted: Jul 19, 2012 11:04:04 AM

NOT Good! :-(
fullcirclethink
Champion Author Washington

Posts:2,108
Points:176,940
Joined:Jun 2009
Message Posted: Jul 19, 2012 10:56:39 AM

Oh goody!!!!!
bills299
Champion Author Atlanta

Posts:6,658
Points:1,709,985
Joined:May 2005
Message Posted: Jul 19, 2012 10:45:06 AM

This is not good! It's only going to hurt the economy!!
skinsfan125
Champion Author Virginia

Posts:2,748
Points:711,240
Joined:Jul 2010
Message Posted: Jul 19, 2012 10:34:22 AM

every body get ready, were getting ready to take it bigtime.
Nancy&Len
Champion Author Cleveland

Posts:5,254
Points:2,743,550
Joined:Sep 2004
Message Posted: Jul 19, 2012 10:04:16 AM

Prices at the pump are rising.
fracknsave
Champion Author Grand Rapids

Posts:1,666
Points:58,000
Joined:Mar 2012
Message Posted: Jul 19, 2012 9:58:46 AM

Keeping consumers confused is achieved by using the oil futures yo yo
ss70
Champion Author Detroit

Posts:13,703
Points:2,657,385
Joined:Sep 2005
Message Posted: Jul 19, 2012 9:58:08 AM

time to control the wild traders .. economy doesnt improve for them to make money .. the demand is really low .
humblepie
Champion Author Toledo

Posts:65,153
Points:3,186,970
Joined:Mar 2006
Message Posted: Jul 19, 2012 9:47:12 AM

BOHICA..........
BUSMAN1105
Champion Author Atlanta

Posts:4,248
Points:1,893,650
Joined:Aug 2008
Message Posted: Jul 19, 2012 9:45:27 AM

THIS IS BAD NEWS FOR GASOLINE PRICES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
amoshins
Champion Author Trenton

Posts:4,386
Points:1,363,745
Joined:Apr 2011
Message Posted: Jul 19, 2012 9:34:14 AM

Gas prices seem to be going up faster than crude the past 2 weeks
Post a reply Back to Topics