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GasBuddy News Article

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Nymex oil tops $97, but Brent retreats

MarketWatch -- Oil futures rose Monday, settling above $97 a barrel for the first time in over a week as the dollar pulled back from earlier highs, while Brent crude retreated from highs seen late last week.

Crude oil for March delivery rose $1.31, or 1.4%, to settle at $97.03 a barrel on the New York Mercantile Exchange, the highest settlement since Feb. 1.

Prices had touched an intraday low below $95 early Monday.

Oil prices turned higher after Bundesbank President Jens Weidmann, a European Central Bank governing council member, said the euro isn’t seriously overvalued and warned governments against trying to weaken the currency.

The comments helped fuel a rally in the euro against the dollar.

Oil has to change hands in dollars and is therefore “sensitive to the dollar volatility," ...


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Submitted Feb 12, 2013 By: brbaritone
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Nymex oil tops $97, but Brent retreats Back to Topics
REPLIES (newest first) Post a Reply
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JagXKR
Champion Author British Columbia

Posts:5,686
Points:1,691,360
Joined:Dec 2009
Message Posted: Feb 12, 2013 9:34:31 PM

More stories about ups and downs of oil prices. You can tell it's a slow news day.
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bvrbill
Champion Author Eugene

Posts:7,155
Points:1,121,600
Joined:Jul 2011
Message Posted: Feb 12, 2013 9:24:01 PM

The bottom line is...???

We are paying too much at the pump.
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ramgas
Champion Author Texas

Posts:3,706
Points:1,748,235
Joined:Jan 2005
Message Posted: Feb 12, 2013 9:18:45 PM

See previous meaningless article...
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Trowinsamoan
Champion Author Los Angeles

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Points:510,465
Joined:Nov 2012
Message Posted: Feb 12, 2013 9:08:13 PM

Still going up
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Ken2OD
Champion Author Grand Rapids

Posts:11,643
Points:2,571,945
Joined:Dec 2005
Message Posted: Feb 12, 2013 9:07:06 PM

Alaska North Slope Crude is almost $20 more per barrel. It closed yesterday at $115.78 and the North Slope produced 582,072 barrels. Not a bad day!
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cifuentesab
Champion Author Sacramento

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Message Posted: Feb 12, 2013 8:56:22 PM

whatever
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DustyHorse
Champion Author Virginia

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Message Posted: Feb 12, 2013 8:54:01 PM

Oil is way over priced. There will be a large market correction one of these days when the bubble finally bursts.
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wulf2000
Champion Author Miami

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Message Posted: Feb 12, 2013 8:53:12 PM

I really don't care anymore.

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alkarn
Champion Author Riverside

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Message Posted: Feb 12, 2013 8:51:36 PM

...and gas goes over $4 a gallon. @#$%^&*.
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skb69sa
Champion Author San Antonio

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Message Posted: Feb 12, 2013 8:51:08 PM

Ok
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snerd
All-Star Author Pennsylvania

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Message Posted: Feb 12, 2013 8:46:57 PM

Very unstable. Thanks, speculators....
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AKmailman
Champion Author Alaska

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Message Posted: Feb 12, 2013 8:46:35 PM

someone is having fun with the oil prices today
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iamforiu
Champion Author Indiana

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Message Posted: Feb 12, 2013 8:44:04 PM

prices are not retreating here. $3.79
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Blue48
Champion Author Illinois

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Message Posted: Feb 12, 2013 8:43:05 PM

UP..DOWN..UP..DOWN!
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Z51Corvette
Champion Author Austin

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Message Posted: Feb 12, 2013 8:42:48 PM

Good, Brent is dropping... now the next index should FALL!
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toadNY
Champion Author Albany

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Message Posted: Feb 12, 2013 8:38:34 PM

I'm surprise the oil that Low with the weak dollar! Thanks to the fed's an obama!
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jad1960
Champion Author Gary

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Message Posted: Feb 12, 2013 8:36:12 PM

ok
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amearly
Champion Author Michigan

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Message Posted: Feb 12, 2013 8:31:38 PM

Here comes recession II which we never really recover from the first one.
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ddor
Champion Author Michigan

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Message Posted: Feb 12, 2013 8:28:07 PM

Ok
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hcivic
Champion Author Virginia

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Message Posted: Feb 12, 2013 8:20:57 PM

keeps going up
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pgerassi
Champion Author Milwaukee

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Message Posted: Feb 12, 2013 8:17:52 PM

Oil at these prices do not support $3.65/gal retail gasoline prices. Maybe $3.30/gal, but not more.
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swrestler
Champion Author Grand Rapids

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Message Posted: Feb 12, 2013 8:17:25 PM

Everything Keeps Going Up...
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rf6480
Champion Author Miami

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Message Posted: Feb 12, 2013 8:16:07 PM

see previous story, didn't stay "down" for long
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FrankTA2
Champion Author New York

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Message Posted: Feb 12, 2013 8:15:35 PM

Gasoline prices are up.
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nimpy
Champion Author Indianapolis

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Message Posted: Feb 12, 2013 8:13:53 PM

And the price keeps going up
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YodaON
Champion Author Ottawa

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Message Posted: Feb 12, 2013 8:11:59 PM

prices keep increasing
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mlmeng
Champion Author Michigan

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Message Posted: Feb 12, 2013 8:07:12 PM

Whatever! Prices are going up earlier and earlier each year.
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saleboss
Champion Author Phoenix

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Message Posted: Feb 12, 2013 8:06:17 PM

Gas at the pump is now $3.50. That's pretty high for crude that's still under $100 a barrel!!
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Peachy1
Champion Author St. Louis

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Message Posted: Feb 12, 2013 8:02:02 PM

Sounds like some "fuzzy" math to me.
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DABEE1073
Champion Author San Diego

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Message Posted: Feb 12, 2013 8:00:17 PM

Don't that just tare the fuzz off the bush.
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ShabbyPA
Champion Author Pennsylvania

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Message Posted: Feb 12, 2013 7:56:51 PM

whatever it dont ever reflect price,it just keep going up!!
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heysailor
Champion Author Pittsburgh

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Message Posted: Feb 12, 2013 7:53:28 PM

oh joy
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knutzAL
Champion Author Alabama

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Message Posted: Feb 12, 2013 11:07:14 AM

ITS THE DOLLAR.
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No1ConMan
Champion Author Memphis

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Message Posted: Feb 12, 2013 10:25:23 AM

It's heading to nosebleed heights already and they just don't seem to care. The fix is in!
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TripleHs
Champion Author Austin

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Message Posted: Feb 12, 2013 10:20:45 AM

prices way too high
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maciek
Sophomore Author Illinois

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Message Posted: Feb 12, 2013 10:18:15 AM

Get ready ! It is gonna get much worse ...
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Bigtex09
Champion Author Dallas

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Message Posted: Feb 12, 2013 10:16:24 AM

WAY too high!!!
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67yenko
Champion Author Mississippi

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Message Posted: Feb 12, 2013 10:07:01 AM

that "evil oil man" seems to had lower gas prices then this liberal wanna be king.....
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bobsalwaysmt
Champion Author Long Island

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Message Posted: Feb 12, 2013 10:05:12 AM

MANIPULATION!!!!
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Bud122CA
Champion Author California

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Message Posted: Feb 12, 2013 10:04:41 AM

WE should be drilling, pumping and refining like crazy now and not pay attention to OPEC
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JimL1
Champion Author Phoenix

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Message Posted: Feb 12, 2013 10:04:12 AM

Oil is up, oil is down, oil is up, oil is down, oil is up, oil is down, oil is up, oil is down, oil is up, oil is down, oil is up, oil is down, oil is up, oil is down, oil is up, oil is down, oil is up, oil is down, oil is up, oil is down, oil is up, oil is down, oil is up, oil is down, oil is up, oil is down, oil is up, oil is down, oil is up, oil is down, oil is up, oil is down, oil is up, oil is down, ad nauseum, and it long ago ceased to be newsworthy.
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trekmanKY
Champion Author Kentucky

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Message Posted: Feb 12, 2013 10:03:51 AM

Whatever!
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NightRider
Champion Author Dallas

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Message Posted: Feb 12, 2013 10:01:22 AM

Don't weaken the euro but it's ok to weaken the dollar.
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AriesMMD
Champion Author Sacramento

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Message Posted: Feb 12, 2013 9:59:55 AM

seems like i read something like this just a little while ago, deja vu?
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defuzer
Veteran Author Virginia

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Message Posted: Feb 12, 2013 9:55:54 AM

?
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Chuck11211960
Rookie Author Tucson

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Joined:Jan 2013
Message Posted: Feb 12, 2013 9:55:43 AM

the prices should change when the fill the stations tanks not when they change their mind
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viperND
Champion Author South Bend

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Message Posted: Feb 12, 2013 9:54:54 AM

gas $2 yet?
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texashoudini
Champion Author Austin

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Message Posted: Feb 12, 2013 9:54:08 AM

Oil futures rose because of pure speculation. Speculators are driving the price of oil and the cost of gasoline, certainly not supply and demand.
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gptrk
All-Star Author Detroit

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Joined:Jul 2006
Message Posted: Feb 12, 2013 9:52:39 AM

Funny how the neighborhood stations react to these prices for March delivery.
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joezIN
Champion Author Gary

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Message Posted: Feb 12, 2013 9:50:07 AM

mhdty
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