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OIL FUTURES: Crude Ends Down; Brent Hit by Oil Release Talks Read more: http://www.foxbusiness.com/

Fox Business -- U.S. benchmark crude oil futures settled slightly weaker Friday, capping turbulent trading with a wary outlook on whether a brewing storm will pose a threat to key U.S. Gulf Coast oil production and refining operations.
Meantime, prices of ICE North Sea Brent crude, the widely traded European benchmark, dropped more than 1% on increased talk about the potential for a release of emergency consumer-held oil reserves in response to stubbornly high oil prices.
Maria Van Der Hoeven, the executive director of the International Energy Agency, which coordinates energy policies and management of emergency stockpiles for the major industrial nations, said a week ago there was "no reason" to tap the strategic reserves, given current market conditions.
But Brent prices hit the skids late Friday on a r


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Submitted Aug 25, 2012 By: comprof
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: OIL FUTURES: Crude Ends Down; Brent Hit by Oil Release Talks Read more: http://www.foxbusiness.com/ Back to Topics
REPLIES (newest first) Post a Reply
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WalRus49
Champion Author Boston

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Message Posted: Aug 26, 2012 6:07:32 AM

More organized mayhem and pillage..............
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clermont40miles
Champion Author Cincinnati

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Message Posted: Aug 25, 2012 10:29:47 PM

Such talk is silly. The echo chamber keeps rattling around.

Who is it that makes the first shout?

WTI is what matters, not Brent.

Supply and demand pales in comparison to speculator greed and clout. Change that and we will get somewhere. Otherwise past is prologue.
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Rhino8of8
Champion Author Wisconsin

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Message Posted: Aug 25, 2012 10:14:13 PM

Who benefits if the reserves are released and the prices don't go down? The gov't releasing the reserves, or the speculators?
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walkingtall
Champion Author Toronto

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Message Posted: Aug 25, 2012 10:08:47 PM

Crude ends down;brent hit by oil release talks and hurricanes will send prices back up.
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netman044
Champion Author Texas

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Message Posted: Aug 25, 2012 10:00:41 PM

Hurricane will send them back up
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MDTDriver
Champion Author California

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Message Posted: Aug 25, 2012 9:59:15 PM

The new storms will change that really FAST!
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letmathe
Champion Author Chicago

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Message Posted: Aug 25, 2012 9:55:21 PM

ok
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v8gazguzler
Champion Author Ottawa

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Message Posted: Aug 25, 2012 9:46:40 PM

whatever!
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truckguy115
Champion Author Orange County

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Message Posted: Aug 25, 2012 9:45:48 PM

wont last. it will go up again.
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30mpg80
Champion Author Lexington

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Message Posted: Aug 25, 2012 9:42:51 PM

Oh those speculators! They are so entertaining, as they reach into our pockets and steal millions of dollars!
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jdc17327
Champion Author Pennsylvania

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Message Posted: Aug 25, 2012 9:41:38 PM

okay
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DEG
Champion Author Las Vegas

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Message Posted: Aug 25, 2012 9:38:30 PM

Big Oil and Big Government trying to manipulate the markets.
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iagdboy
Champion Author Albany

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Message Posted: Aug 25, 2012 8:55:41 PM

nothing new
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FunMyster
All-Star Author Indiana

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Message Posted: Aug 25, 2012 6:27:43 PM

ok
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goldrose1
Champion Author Cleveland

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Message Posted: Aug 25, 2012 12:28:26 PM

k
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abacus44
Champion Author Toms River

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Message Posted: Aug 25, 2012 11:42:33 AM

OK
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jeskibuff
Champion Author Tampa

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Message Posted: Aug 25, 2012 11:31:34 AM

ramshot412 said: "Ever since BIG OIL ( PIG OIL ) started exporting large quantities of refined gasoline elsewhere, they have been artificially controlling supply. Please thank BIG OIL, their Republican defenders and Abdul by voting your Republican politicians out in November."

Oh, what a crock!

You libs will come up with anything to take the attention away from your grand failure of a president.

Large quantities of gas get exported elsewhere simply because people elsewhere are willing to pay a higher price for it. It would be absolutely stupid (a.k.a. "liberalthink") to sell a commodity locally for below-market value IF you wanted to stay in business and make a profit.

As for Republican defenders of Big Oil, all you need do is see who raked in some of the highest contributions from oil companies. Here's a hint: his name is OBOZO!

As far as "Abdul" being in bed with the Republicans, just remember that it was Obozo who went around the Middle East, apologizing to and bowing to the Arab world, slighting Israel in the process. Also remember during the last election that Obozo got an endorsement from that wonderful terrorist organization, Hamas.

In other words, you're batting zero!
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mageetp
Champion Author British Columbia

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Message Posted: Aug 25, 2012 11:15:47 AM

More spin.
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paulydel
Champion Author Delaware

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Message Posted: Aug 25, 2012 11:12:03 AM

Greed is at work at full force.
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bullfrog69
Champion Author Texas

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Message Posted: Aug 25, 2012 11:07:10 AM

And what did Gasoline do? It closed down yesterday as well, but not low enough, at 3.07 on the market , however that could have changed in after market trades! will not show up at the pump till next week! Still over charging at the pumps , just enough to make extra profits and not to call gouaging! Bunch of oil company crooks!
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katmandue
Champion Author Detroit

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Message Posted: Aug 25, 2012 11:05:01 AM

And gas prices go up'
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vjs3
Champion Author Denver

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Message Posted: Aug 25, 2012 11:04:00 AM

Interesting how something so ancient can all of a sudden get stale. If it does indeed change over time in (man made) storage, why not find a better way to contain it?
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carpenter4u
Champion Author Virginia

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Message Posted: Aug 25, 2012 11:03:21 AM

Oil prices can make you wealthy or poor
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letterchunker
Champion Author Texas

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Message Posted: Aug 25, 2012 11:03:00 AM

Remedy: Line up all speculators in fromt of a firing squad with only one live round and all others blanks aimed at their privates. Anytime they get out of order they face the firing squad. Maybe that would keep them under control or out of business.
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NanookAK
Champion Author Anchorage

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Message Posted: Aug 25, 2012 11:00:52 AM

Future of oil is higher prices.
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studebaker1940
Champion Author Tampa

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Message Posted: Aug 25, 2012 11:00:27 AM

Somebody posted that oil gets stale. How does that happen. It's been in the ground for 1000's of years before it is discovered, pumped out and transported to a storage facility. All of a sudden its going to go stale?????? And it isn't as if exposure to the atmosphere would play any part. There is air trapped with it under the surface of the earth.

[Edited by: studebaker1940 at 8/25/2012 12:03:41 PM EST]
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hptd
Champion Author North Carolina

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Message Posted: Aug 25, 2012 10:59:44 AM

ko
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BeanoLI
All-Star Author Long Island

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Message Posted: Aug 25, 2012 10:59:09 AM

Big Oil will still get richer.
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ramshot412
Champion Author Riverside

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Message Posted: Aug 25, 2012 10:59:05 AM

Ever since BIG OIL ( PIG OIL ) started exporting large quantities of refined gasoline elsewhere, they have been artificially controlling supply. Please thank BIG OIL, their Republican defenders and Abdul by voting your Republican politicians out in November.
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dynamouse
Champion Author Michigan

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Message Posted: Aug 25, 2012 10:58:17 AM

BS REMEMBER obama WANTS GAS AT $5-6 A GAL
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ramshot412
Champion Author Riverside

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Message Posted: Aug 25, 2012 10:58:09 AM

Crude oil does NOT "get stale"!!!
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LQQKGAS
Champion Author Phoenix

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Message Posted: Aug 25, 2012 10:55:56 AM


When a person is as UNSTABLE as todays gas prices, the are put in an insane asylum.
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bginsj
Champion Author San Jose

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Message Posted: Aug 25, 2012 10:54:43 AM

and yet oil companies are still making record profits!!
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BeatOPEC
Champion Author Indianapolis

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Message Posted: Aug 25, 2012 10:52:25 AM

And still the gas prices will rise.
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rev342
Veteran Author Florida

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Message Posted: Aug 25, 2012 10:51:03 AM

I hate it when the gas price roller coster goes up.
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Elaine4411
Champion Author Pennsylvania

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Message Posted: Aug 25, 2012 10:49:38 AM

And...the prices will still keep climbing!!!
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mrservonics
Champion Author Boston

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Message Posted: Aug 25, 2012 10:48:59 AM

If you have them smoke them!
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jackster111
Champion Author North Carolina

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Message Posted: Aug 25, 2012 10:48:48 AM

Still rising no drop here.
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donny47
Champion Author New Hampshire

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Message Posted: Aug 25, 2012 10:48:09 AM

crude is still high!
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dlzastera
Champion Author Minnesota

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Message Posted: Aug 25, 2012 10:48:05 AM

Issac will change it all.
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JCS
Champion Author Twin Cities

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Message Posted: Aug 25, 2012 10:48:03 AM

yada yada yada
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caddilac
Champion Author Ontario

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Message Posted: Aug 25, 2012 10:47:51 AM


That TS has already got speculators jacking up the price of gasoline.
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I10Express
Champion Author San Antonio

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Message Posted: Aug 25, 2012 10:47:05 AM

Speculators taking profits and getting ready for the next round of screwing the consumer.
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Mikeyl
Champion Author Cleveland

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Message Posted: Aug 25, 2012 10:46:58 AM

The strategic reserves are a waste of money. OK, it someone would attack the US and WW3 starts, then it's a good idea. But, oil in and oil out (oil gets stale, so it doesn't sit in the reserve tanks forever... it is always being pumped in, resold, pumped out, then new oil comes in.

Someone is making money from this process, but it isn't the American taxpayer.
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snappytom2
Champion Author Corpus Christi

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Message Posted: Aug 25, 2012 10:46:25 AM

So?
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JoeKR
Champion Author New Jersey

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Message Posted: Aug 25, 2012 10:42:05 AM

Maybe the release of some strategic reserves would drive some speculators to the poor house.
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sljbc475
Champion Author Tucson

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Message Posted: Aug 25, 2012 10:41:59 AM

Let the oil prices fall again.
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oldiesman
Champion Author New York

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Message Posted: Aug 25, 2012 10:41:06 AM

Rockefeller runs it all?
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diabloMN
Veteran Author Twin Cities

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Message Posted: Aug 25, 2012 10:40:00 AM

ok
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cheapertvs
Champion Author Richmond

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Message Posted: Aug 25, 2012 10:39:51 AM

Ever since BIG OIL ( PIG OIL ) started exporting large quantities of refined gasoline elsewhere, they have been artificially controlling supply. Please thank BIG OIL, their Republican defenders and Abdul by voting your Republican politicians out in November.
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