Not Logged In Log In   Sign Up   Points Leaders
Follow Us    4:05 PM

GasBuddy News Article

51
votes
Oil Trades Near One-Week Low as Crude Inventories Rise

Bloomberg -- Oil traded near the lowest level in almost a week in New York after U.S. crude stockpiles increased and the World Bank cut its economic growth forecasts.

Futures were little changed after slipping the most in almost a month yesterday. U.S. crude supplies gained a second week and inventories rose to a record at Cushing, Oklahoma, the delivery point for West Texas Intermediate, data from the industry-funded American Petroleum Institute showed. An Energy Department report today may show stockpiles climbed by 2.2 million barrels, according to a Bloomberg News survey. OPEC reduced its output to the lowest level in 14 months, a monthly report from the producer group showed.

“Supply in the U.S. is increasingly comfortable as their domestic production of oil and gas burgeons,” Christopher


Read the Full Article

Submitted Jan 16, 2013 By: WxVette
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil Trades Near One-Week Low as Crude Inventories Rise Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,486
Points:2,119,890
Joined:Nov 2008
Message Posted: Jan 18, 2013 11:13:36 PM

not gonna change the upward pump trend.
Profile Pic
Bearcat500
Champion Author Cincinnati

Posts:11,517
Points:1,986,785
Joined:Nov 2005
Message Posted: Jan 17, 2013 7:03:22 AM

OK
Profile Pic
FogCitySpotter
Champion Author San Francisco

Posts:3,245
Points:770,585
Joined:Apr 2007
Message Posted: Jan 17, 2013 6:15:36 AM

Ok
Profile Pic
HawaiianGuy
Champion Author Idaho

Posts:11,847
Points:3,577,080
Joined:May 2003
Message Posted: Jan 17, 2013 6:09:50 AM

Yet prices took an 8 cent hike just 3 days ago. WTF?
Profile Pic
nb52
Champion Author Grand Rapids

Posts:10,091
Points:2,052,710
Joined:Nov 2008
Message Posted: Jan 17, 2013 5:14:44 AM

Only care if pump prices lower, much lower.
Profile Pic
jcdakota
Champion Author Baltimore

Posts:1,618
Points:415,920
Joined:Nov 2010
Message Posted: Jan 17, 2013 2:49:27 AM

If the supply is so high and the production is up - why is the price still hovering about the same?
Profile Pic
CiVX
Champion Author Oakland

Posts:9,150
Points:1,843,340
Joined:Feb 2009
Message Posted: Jan 16, 2013 11:42:26 PM

Well!
Profile Pic
crreed1
Champion Author West Virginia

Posts:4,152
Points:2,992,640
Joined:May 2005
Message Posted: Jan 16, 2013 11:22:34 PM

still 3.45 here
Profile Pic
69Bonne
Champion Author Gary

Posts:2,838
Points:849,900
Joined:Sep 2005
Message Posted: Jan 16, 2013 11:16:58 PM

Keep dropping.
Profile Pic
rahcat
Champion Author Grand Rapids

Posts:5,035
Points:1,172,975
Joined:Jan 2010
Message Posted: Jan 16, 2013 11:14:39 PM

One week low???????????
Profile Pic
SteelPenny
Champion Author Dallas

Posts:36,215
Points:3,113,765
Joined:Sep 2005
Message Posted: Jan 16, 2013 11:11:46 PM

And yet the price at the pump keeps going UP.
Profile Pic
KrsnaDragon
Champion Author Montreal

Posts:4,760
Points:1,037,215
Joined:Nov 2011
Message Posted: Jan 16, 2013 11:10:51 PM

Speculation breeds despair.
Profile Pic
Jmac2008
Champion Author Missouri

Posts:4,289
Points:1,348,770
Joined:Dec 2008
Message Posted: Jan 16, 2013 11:09:57 PM

and yet prices are not dropping.
Profile Pic
mfeldstein
Champion Author Ottawa

Posts:10,378
Points:2,412,810
Joined:Feb 2007
Message Posted: Jan 16, 2013 11:08:14 PM

Good.
Profile Pic
CivicMA
Champion Author Boston

Posts:4,273
Points:1,042,550
Joined:Jun 2011
Message Posted: Jan 16, 2013 11:07:27 PM

No change at the pump!
Profile Pic
heartbroken2010
Champion Author Ottawa

Posts:6,665
Points:1,406,760
Joined:Aug 2010
Message Posted: Jan 16, 2013 11:07:23 PM

not reflected in daily gas prices.
Profile Pic
jetskijerry
Champion Author North Carolina

Posts:6,175
Points:1,275,310
Joined:Mar 2011
Message Posted: Jan 16, 2013 11:06:42 PM

crooks
Profile Pic
N5EXY
Champion Author Austin

Posts:7,834
Points:2,018,895
Joined:Jul 2004
Message Posted: Jan 16, 2013 11:06:32 PM

Bloomberg? Isn't there a big city idiot mayor named something like that?
Profile Pic
jetskijerry
Champion Author North Carolina

Posts:6,175
Points:1,275,310
Joined:Mar 2011
Message Posted: Jan 16, 2013 11:06:32 PM

yet they keep raising the price at the pump..
Profile Pic
cheaper0ON
Champion Author Ontario

Posts:3,288
Points:904,355
Joined:Jan 2012
Message Posted: Jan 16, 2013 11:04:22 PM

Ok.
Profile Pic
carloco75
Champion Author Richmond

Posts:6,050
Points:1,097,045
Joined:Oct 2010
Message Posted: Jan 16, 2013 11:03:39 PM

And the pump price isn't affected either way...yippie...
Profile Pic
NAVYHM
All-Star Author Cleveland

Posts:761
Points:1,430,080
Joined:May 2008
Message Posted: Jan 16, 2013 11:02:39 PM

REALLY...
Profile Pic
danreino
Champion Author Twin Cities

Posts:9,828
Points:1,838,480
Joined:Mar 2008
Message Posted: Jan 16, 2013 11:02:23 PM

Barraqh must have not gotten the message this morning ;/
Profile Pic
ManOfLeisureII
Champion Author Philadelphia

Posts:4,169
Points:960,740
Joined:Jan 2012
Message Posted: Jan 16, 2013 11:01:56 PM

Meaningless information
Profile Pic
CCLighthouse
Champion Author Hartford

Posts:1,508
Points:318,315
Joined:Aug 2012
Message Posted: Jan 16, 2013 10:59:39 PM

Really!
Profile Pic
NAVYHM
All-Star Author Cleveland

Posts:761
Points:1,430,080
Joined:May 2008
Message Posted: Jan 16, 2013 10:58:27 PM

GOOD...
Profile Pic
Jeeputtputt
Champion Author Ohio

Posts:3,022
Points:689,965
Joined:Aug 2009
Message Posted: Jan 16, 2013 10:54:50 PM

all right
Profile Pic
nwsynthetics
Champion Author Oregon

Posts:1,128
Points:503,810
Joined:Dec 2011
Message Posted: Jan 16, 2013 10:52:00 PM

lower the price at the pumps
Profile Pic
mstearno
Champion Author Dayton

Posts:9,433
Points:2,152,110
Joined:Jan 2008
Message Posted: Jan 16, 2013 10:49:59 PM

good for us
Profile Pic
bvrbill
Champion Author Eugene

Posts:6,795
Points:1,027,875
Joined:Jul 2011
Message Posted: Jan 16, 2013 10:44:12 PM

It's good that our inventories are rising. However, it does not seem that it is lessening the prices we pay at the pump.
Profile Pic
GigHarborHound
Champion Author Tacoma

Posts:4,033
Points:785,610
Joined:Sep 2011
Message Posted: Jan 16, 2013 10:39:39 PM

So?
Profile Pic
Math6149
Champion Author Jacksonville

Posts:1,124
Points:2,236,890
Joined:Jan 2007
Message Posted: Jan 16, 2013 10:39:37 PM

Keep it lower to help our economy.
Profile Pic
TornadoRed
Champion Author Minnesota

Posts:2,345
Points:967,640
Joined:Apr 2005
Message Posted: Jan 16, 2013 10:36:34 PM

It seems as though the general direction for fuel prices is lower. But, the Federal Reserve Bank's policy of printing trillions of dollars could result in commodity prices going higher even with a surplus of oil and other liquid fuels.
Profile Pic
snagged
Veteran Author Akron

Posts:446
Points:256,930
Joined:Oct 2012
Message Posted: Jan 16, 2013 10:33:06 PM

I'm not buying no more gas till they pay me to take it off their hands. I think I'll be doing some walking.
Profile Pic
J Eric
Champion Author Los Angeles

Posts:12,424
Points:2,514,830
Joined:Feb 2004
Message Posted: Jan 16, 2013 10:31:20 PM

This "World Bank" -- they got regular tellers and such there? Can I, like, make an ATM withdrawal there? I thought not.
Profile Pic
charg3rguy1991
Champion Author Greensboro

Posts:1,395
Points:408,800
Joined:Sep 2012
Message Posted: Jan 16, 2013 10:30:49 PM

ok
Profile Pic
Titan_62
Champion Author Maryland

Posts:1,921
Points:578,820
Joined:Apr 2011
Message Posted: Jan 16, 2013 10:29:21 PM

Thanks for posting
Profile Pic
Cheney
Champion Author Toronto

Posts:2,443
Points:2,959,005
Joined:May 2004
Message Posted: Jan 16, 2013 10:25:09 PM

pity
Profile Pic
MotoDad
Champion Author Phoenix

Posts:1,748
Points:1,230,310
Joined:Sep 2006
Message Posted: Jan 16, 2013 10:21:48 PM

no releif insight.
Profile Pic
serrog
Champion Author Nova Scotia

Posts:7,901
Points:2,020,935
Joined:Oct 2008
Message Posted: Jan 16, 2013 10:20:10 PM

Big deal
Profile Pic
BREW9
Champion Author Tampa

Posts:3,204
Points:3,419,675
Joined:Jun 2004
Message Posted: Jan 16, 2013 10:17:17 PM

keep dropping
Profile Pic
Marson
Champion Author Scranton

Posts:11,215
Points:2,576,750
Joined:Oct 2006
Message Posted: Jan 16, 2013 10:17:07 PM

Keep it coming down.
Profile Pic
DrLyon
Champion Author Michigan

Posts:8,449
Points:1,687,115
Joined:May 2006
Message Posted: Jan 16, 2013 10:14:51 PM

Go lower...
Profile Pic
DCbeachbum
Champion Author South Carolina

Posts:3,448
Points:1,334,885
Joined:May 2010
Message Posted: Jan 16, 2013 10:12:28 PM

Supply and demand do not seem to drive this sector of the Stock Market.
Profile Pic
atdinut
Champion Author California

Posts:1,617
Points:366,040
Joined:Apr 2012
Message Posted: Jan 16, 2013 10:10:20 PM

Mixed message?
Profile Pic
TxMtb
Champion Author Ohio

Posts:3,764
Points:843,055
Joined:Feb 2012
Message Posted: Jan 16, 2013 10:08:32 PM

They will just cut it off when they want the price to rise.
Profile Pic
drz614
Champion Author Harrisburg

Posts:4,654
Points:1,108,315
Joined:Aug 2011
Message Posted: Jan 16, 2013 10:03:57 PM

crude inventories massive, most areas high gas and distillate prices still exist. exports remain high for both too. hmmmm
Profile Pic
BigBlue5
Champion Author Spokane

Posts:1,989
Points:419,090
Joined:Apr 2010
Message Posted: Jan 16, 2013 10:03:54 PM

Dumbo ears in the white house is the only one comfortable.
Profile Pic
neptune2008
Champion Author Michigan

Posts:10,107
Points:2,110,375
Joined:Aug 2008
Message Posted: Jan 16, 2013 9:57:57 PM

nobody I know is comfortable
Profile Pic
Dragnet
Champion Author Arizona

Posts:17,831
Points:3,400,255
Joined:Jul 2004
Message Posted: Jan 16, 2013 9:57:12 PM

Only one comfortable is the one in the big house in D.C. as he continues to screw over Americans
Post a reply Back to Topics