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Oil Rises Amid Israel Conflict, U.S. Budget Talks

Bloomberg -- Oil advanced to the highest level in more than a week in New York amid concern that Middle East unrest will disrupt supply and speculation the U.S. will avert automatic spending cuts and tax rises that threaten to throw the nation into recession.

West Texas Intermediate futures climbed to more than $88 a barrel, extending two weeks of gains. Israel will continue to attack Gaza and may intensify operations, Defense Minister Ehud Barak said. U.S. President Barack Obama is “confident” of a deal on the so-called fiscal cliff, he said after Nov. 16 talks with congressional leaders.

“Geopolitical tensions in the Middle East are not good news for the energy markets,” Fatih Birol, chief economist at the International Energy Agency, said in an interview in Oslo. “Any geopolitical event may


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Submitted Nov 19, 2012 By: WxVette
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil Rises Amid Israel Conflict, U.S. Budget Talks Back to Topics
REPLIES (newest first) Post a Reply
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honda0105
Champion Author Tallahassee

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Message Posted: Nov 24, 2012 7:20:46 AM

another excuse.
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sparky808
Champion Author Honolulu

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Message Posted: Nov 20, 2012 11:26:45 AM

Thank you for posting.
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CobraJ
Champion Author Tampa

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Message Posted: Nov 20, 2012 7:45:33 AM

Well what you do you know. Just when you think prices are on a steady decline, thank goodness for another Middle East crisis to freak speculators into a panic and spike oil and gasoline prices. They couldn’t have timed it any better.
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remay
Champion Author Houston

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Message Posted: Nov 20, 2012 7:42:01 AM

just another snapshot article...
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jrs4125
Champion Author Indiana

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Message Posted: Nov 20, 2012 5:06:46 AM

Dooooooh
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goldrose1
Champion Author Cleveland

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Message Posted: Nov 19, 2012 11:16:25 PM

tensions give stress.
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boatfloyd
Champion Author Jacksonville

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Message Posted: Nov 19, 2012 11:14:50 PM

Israel should get the gas price back up.
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jetskijerry
Champion Author North Carolina

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Message Posted: Nov 19, 2012 11:13:35 PM

Another excuse
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1fulltank
Champion Author Buffalo

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Message Posted: Nov 19, 2012 11:11:15 PM

Like nobody saw this coming, right?
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GRUMPY55
Champion Author California

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Message Posted: Nov 19, 2012 11:10:28 PM

Here we go again
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slkmoo
Champion Author Ontario

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Message Posted: Nov 19, 2012 11:07:59 PM

get ready to take it over the weekend holiday
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vrossi46
Champion Author San Jose

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Message Posted: Nov 19, 2012 11:05:58 PM

they need some excuse to stick it to us over turkey day weekend
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bvrbill
Champion Author Eugene

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Message Posted: Nov 19, 2012 10:59:11 PM

Expect prices to rise.
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goldrose1
Champion Author Cleveland

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Message Posted: Nov 19, 2012 10:58:56 PM

bbbb
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Kawibiker
Champion Author Illinois

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Message Posted: Nov 19, 2012 10:58:48 PM

yep got to make them prices go up..
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mstearno
Champion Author Dayton

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Message Posted: Nov 19, 2012 10:53:02 PM

navyhm do you expect prices to go down with the israel problem
put yourself in their shoes
tanks should have rolled on the first missle lobbed at them
what if some country was bombing new york city would we wait would we negotiate?
Or would we kick some A**?
You bet we would..........
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sprocketsplines
Champion Author Washington

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Message Posted: Nov 19, 2012 10:53:00 PM

The oil speculators must be having a field day over the Middle East unrest.
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ctcowboy
Veteran Author Connecticut

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Message Posted: Nov 19, 2012 10:52:50 PM

agree on ng to fight oil
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clermont40miles
Champion Author Cincinnati

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Message Posted: Nov 19, 2012 10:52:36 PM

Any excuse will do. This is too good for the speculators to pass up.

Hold on. It's gonna be a rough ride.
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drobbbb
Champion Author Maryland

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Message Posted: Nov 19, 2012 10:51:24 PM

anything to raise it
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southrob
Champion Author Tucson

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Message Posted: Nov 19, 2012 10:51:19 PM

of course it rose.. silly us
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NAVYHM
All-Star Author Cleveland

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Message Posted: Nov 19, 2012 10:50:18 PM

ANY EXCUSE WILL DO... THERE WAS A WATERSPOUT OUT IN THE PACIFIC OCEAN TODAY... AND A TRAIN PASSED THROUGH THE CITY TODAY AND BLEW IT'S HORN 3 TIMES...
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rjoeh
Champion Author Michigan

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Message Posted: Nov 19, 2012 10:49:42 PM

Any surprise here????? These are the types of excuses the oil companies are looking for to justify bumping up prices. It also means we ought to fill up tomorrow before they jump the prices tomorrow.
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VikingWoman
Champion Author Washington

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Message Posted: Nov 19, 2012 10:48:17 PM

Will we ever really get the truth about prices? I won't hold my breath.
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my2002m
Champion Author Tulsa

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Message Posted: Nov 19, 2012 10:42:49 PM

It's only going to go higher over the next four years.
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us4usa
Champion Author Missouri

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Message Posted: Nov 19, 2012 10:35:16 PM

Time to switch to NG, and tell OPEC to kiss off...
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serrog
Champion Author Nova Scotia

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Message Posted: Nov 19, 2012 10:32:41 PM

Agree with Mr. Bill
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Mr_Bill_W
All-Star Author Virginia

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Message Posted: Nov 19, 2012 10:31:32 PM

Really? Any excuse to screw consumers who are dependent on fuel the earn a living. How much petroleum does Israel produced that is consumed by the USA? How does the progress and potential of avoiding sequestration adversely impact petroleum supplies and/or pricing? Get ready for more BIG Lies from BIG oil and in the end we consumers get the BIG screw as usual!
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scooter1217
Rookie Author Chicago

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Message Posted: Nov 19, 2012 10:29:24 PM

...
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MopedTime
Champion Author Michigan

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Message Posted: Nov 19, 2012 10:27:53 PM

Why did US citizens have to pay too much for Isreal help?
Let them pay for their wars. Let's fight the poverty war at home first.
We need real help here in America.
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suzmar
Champion Author Texas

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Message Posted: Nov 19, 2012 10:25:58 PM

That is why it is called speculation, no concrete evidence is needed`to bid up prices.
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AuburnTim
Champion Author Indiana

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Message Posted: Nov 19, 2012 10:23:42 PM

No other business is allowed to raise prices on such excuses and speculation and Gongress says there isn't a dam thing they can do about it. Vote out the idiots that make that statement and all that support big oil.
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PrettyLittleLady
Champion Author Modesto

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Message Posted: Nov 19, 2012 10:23:26 PM

ok .. go help them.
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Double_Golden
Champion Author San Francisco

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Message Posted: Nov 19, 2012 10:17:23 PM

just excuses to raised the prices....
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DeeLA
Champion Author Los Angeles

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Message Posted: Nov 19, 2012 10:16:39 PM

...and the roller coaster starts its long climb.
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wayoung56
Champion Author Alabama

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Message Posted: Nov 19, 2012 10:15:52 PM

Figures... Give them a reason and prices will go up...
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bojiway1
Champion Author Minnesota

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Message Posted: Nov 19, 2012 10:15:45 PM

this is why we need the pipeline
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Wanda127
Champion Author Florida

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Message Posted: Nov 19, 2012 10:12:10 PM

It jumped about .02 cents here in the last couple of days.
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drz614
Champion Author Harrisburg

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Message Posted: Nov 19, 2012 10:11:59 PM

lol
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ClancyME
Champion Author Georgia

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Message Posted: Nov 19, 2012 10:08:34 PM

Just saw a 5¢ spike at Costco since Sunday.
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sagnat
Champion Author Riverside

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Message Posted: Nov 19, 2012 10:08:28 PM

It is always something in or around the world affecting the price of oil. Oil goes up, gas goes up...oil goes down, gas goes up....nothing changes, gas goes up.
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tspaldi
Champion Author Provo

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Message Posted: Nov 19, 2012 10:04:10 PM

Christmas is coming and the Oil exec's need a reason for a bigger bonus... We should be happy to help them out with a higher price at the pump! It's the American way to take care of those 1%ers. I am sure if we help them out with their Christmas bonus they will help us all out.
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charladan
Champion Author Virginia

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Message Posted: Nov 19, 2012 10:03:33 PM

yep it is.
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Mustache_33
All-Star Author Toronto

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Message Posted: Nov 19, 2012 10:01:50 PM

hm
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WIPACKERFAN
Champion Author Chicago

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Message Posted: Nov 19, 2012 9:58:37 PM

No surprise.
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dasimon
All-Star Author Florida

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Message Posted: Nov 19, 2012 9:57:55 PM

Yep of course
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EvPv
Champion Author Maine

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Message Posted: Nov 19, 2012 9:57:39 PM

I did NOT vote for Obama, but prices skyrocketed during the Bush admin for a bunch of reasons: exploding U.S. demand, Iraq War II, Katrina/Rita impact, and then declined during the financial collapse in 2008. Even though I am not a fan of his, I would not put the current gas prices on President Obama doorstep.

Just imagine if the U.S. economy was rolling along with bigger expansion and a 4.5% unemployment rate: the increased gas demand would mean.....higher prices.

Want to spend less on gas? Use less.
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30mpg80
Champion Author Lexington

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Message Posted: Nov 19, 2012 9:55:41 PM

Well, of course, any sneeze moves oil higher
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skysteve1
Champion Author Victoria

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Message Posted: Nov 19, 2012 9:53:20 PM

Any excuse
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DrLyon
Champion Author Michigan

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Message Posted: Nov 19, 2012 9:52:56 PM

Nuts
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