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GasBuddy News Article

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Oil falls below $97 per barrel as ample supplies weigh on US crude prices

Associated Press -- The price of oil slipped back below $97 a barrel Tuesday after a sharp rise the day before as supply remains ample and demand tepid.

Benchmark oil for March delivery was down 13 cents to $96.90 at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract on Monday gained $1.31 to finish at $97.03 a barrel on the Nymex as the euro strengthened against the dollar.

A strong euro tends to result in higher oil prices by making crude priced in dollars cheaper for traders using currencies other than the greenback.


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Submitted Feb 12, 2013 By: RENEGADEGAS
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil falls below $97 per barrel as ample supplies weigh on US crude prices Back to Topics
REPLIES (newest first) Post a Reply
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honda0105
Champion Author Tallahassee

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Message Posted: Feb 17, 2013 6:43:11 AM

lots of BS to put sand into the eyes of the consumer.
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honda0105
Champion Author Tallahassee

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Message Posted: Feb 16, 2013 4:42:59 AM

definitely NO supply & demand at work here.
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honda0105
Champion Author Tallahassee

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Message Posted: Feb 16, 2013 4:42:31 AM

medic: nothing wrong from Pig Oil's point of view lol
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Medic55
Champion Author Columbia

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Message Posted: Feb 15, 2013 10:57:20 PM

And yet gas prices continue to rise. What's wrong with this picture?
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honda0105
Champion Author Tallahassee

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Message Posted: Feb 15, 2013 4:57:11 AM

and pump prices climb like crazy. Diesel jumped from 3.94 to 4.19 in 3 days.
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virostek
Veteran Author Virginia

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Message Posted: Feb 13, 2013 6:26:48 AM

OK.
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SkooterG
Champion Author Phoenix

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Message Posted: Feb 13, 2013 1:08:14 AM

So why are prices skyrocketing at the pumps?
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TIGERPAW46
Champion Author Florida

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Message Posted: Feb 13, 2013 12:01:01 AM

It never should have gone that high to begin with. We all know why they keep getting away with robbing we the people.
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mrreferee
Champion Author Savannah

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Message Posted: Feb 13, 2013 12:00:45 AM

but does not show at pump...kinda weird....
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SLU2
Champion Author Philadelphia

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Message Posted: Feb 12, 2013 11:47:34 PM

It only takes a week to go up over 10 cents but takes over a month to drop 10 cents....
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bridgerunner
Champion Author Virginia

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Message Posted: Feb 12, 2013 11:46:13 PM

Our prices are going up.
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Doomsday64
All-Star Author Austin

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Message Posted: Feb 12, 2013 11:43:39 PM

Gas prices need to drop now.
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Pigboat
Champion Author Oklahoma City

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Message Posted: Feb 12, 2013 11:43:04 PM

Get speculators OUT of the oil market and it wouldn't be so volatile.
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CDMAuto
Champion Author Connecticut

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Message Posted: Feb 12, 2013 11:42:08 PM

It will be better when it falls under $50
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Rooster922
Champion Author Wilmington

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Message Posted: Feb 12, 2013 11:40:47 PM

Oh! really
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mdskier
Champion Author Sacramento

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Message Posted: Feb 12, 2013 11:38:50 PM

Greed continues, glut of oil AND high prices.
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unicornpmb
Champion Author Buffalo

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Message Posted: Feb 12, 2013 11:38:38 PM

The signal to keep gas prices going up.
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10k
Champion Author North Carolina

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Message Posted: Feb 12, 2013 11:37:52 PM

knox: they tell me hemi, EW, PM, and correcting quit GB today-heard anything else ??..
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defiancegasman
Champion Author Ohio

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Message Posted: Feb 12, 2013 11:36:25 PM

As GAS RISES ABOVE $3.75 a gallon on a GLUT OF OIL!!!
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10k
Champion Author North Carolina

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Message Posted: Feb 12, 2013 11:36:04 PM

meanwhile, regular jumped 5¢ and diesel jumped 20¢ at one of my reporting stations..
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jjfisher
All-Star Author Toledo

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Message Posted: Feb 12, 2013 11:32:59 PM

They get the quick profits whenever they want it and then it takes weeks before the price returns and we suffer the whole time.
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yyc2yow
Champion Author Ottawa

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Message Posted: Feb 12, 2013 11:29:56 PM

its going up anyway
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Focus2
Champion Author Illinois

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Message Posted: Feb 12, 2013 11:28:19 PM

Looks like some speculators ran it up and cashed in!
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BobD2009
Champion Author Long Island

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Message Posted: Feb 12, 2013 11:26:24 PM

Prices are up at the pump.
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Zonk
Champion Author Michigan

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Message Posted: Feb 12, 2013 11:26:22 PM

Prices hit $3.81 plus in Battle Creek today.
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jtfftj
Champion Author New Hampshire

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Message Posted: Feb 12, 2013 11:24:49 PM

Not weighing in the right direction.
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KnoxGasPriceSpy
Champion Author Knoxville

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Message Posted: Feb 12, 2013 11:24:37 PM

HELP....
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crreed1
Champion Author West Virginia

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Message Posted: Feb 12, 2013 11:24:13 PM

as high as 3.81 here
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sehonda
Champion Author Honolulu

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Message Posted: Feb 12, 2013 11:22:04 PM

anything to keep prices high
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BigLM
Sophomore Author Memphis

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Message Posted: Feb 12, 2013 11:22:00 PM

Another day, another story. If gasoline jumped when crude shot up recently why is gas still going up when crude prices dropped??? Just asking...
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pa79th
Champion Author Pennsylvania

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Message Posted: Feb 12, 2013 11:21:20 PM

Another reason to raise the price at the pump.
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Vette1967
Champion Author Albany

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Message Posted: Feb 12, 2013 11:21:09 PM

Keep conserving and drive it down even further.
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granitestater
Champion Author New Hampshire

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Message Posted: Feb 12, 2013 11:20:43 PM

Run that currency exchange by me again?
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yakstar
Champion Author Montreal

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Message Posted: Feb 12, 2013 11:20:38 PM

...with no end in sight!
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tedjm1
Champion Author New York

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Message Posted: Feb 12, 2013 11:18:35 PM

Will not cause much price reduction. GREED.
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Bubba44612
Champion Author Ohio

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Message Posted: Feb 12, 2013 11:18:32 PM

Speculators feeding at the little guys tits again. Hope they starve themselves.
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Bigwaynef
Champion Author South Carolina

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Message Posted: Feb 12, 2013 11:16:53 PM

Gas may drop a penney each month at that rate!
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EvPv
Champion Author Maine

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Message Posted: Feb 12, 2013 11:14:58 PM

over the years I read articles about why the market MOVED any direction that day. The reasons are usually chosen from a small handful of choices. When will a journalist write before the trading day underway what they think the market will do in the coming trading session?
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Rageagainsttm
Champion Author Tampa

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Message Posted: Feb 12, 2013 11:14:39 PM

Gas prices need to drop now.
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gocatgo
Champion Author South Carolina

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Message Posted: Feb 12, 2013 11:14:30 PM

Now we will wait for gas prices to s l o w l y drop.
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regout
Champion Author Quebec

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Message Posted: Feb 12, 2013 11:13:51 PM

Cost too much.
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UpSol7
Champion Author Augusta

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Message Posted: Feb 12, 2013 11:13:14 PM

Prices fluctuate.
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craigsf38
Champion Author Rochester

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Message Posted: Feb 12, 2013 11:09:54 PM

Old news
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jetskijerry
Champion Author North Carolina

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Message Posted: Feb 12, 2013 11:09:52 PM

crooks
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jetskijerry
Champion Author North Carolina

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Message Posted: Feb 12, 2013 11:09:28 PM

artificial pricing
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danreino
Champion Author Twin Cities

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Message Posted: Feb 12, 2013 11:09:22 PM

GAS PRICES ARE UP HERE 80 (EIGHTY) CENTS A GALLON IN THE LAST MONTH !!!!!!!
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sjhman
Veteran Author Atlanta

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Message Posted: Feb 12, 2013 11:09:16 PM

Okay, is this gonna come down to the consumer too?
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melvindale
Champion Author Michigan

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Message Posted: Feb 12, 2013 11:08:29 PM

Hoopty-doo - we are still seeing record high prices for this time of the year.
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mfeldstein
Champion Author Ottawa

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Message Posted: Feb 12, 2013 11:08:21 PM

Way, way too close to $100.
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boatfloyd
Champion Author Jacksonville

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Message Posted: Feb 12, 2013 11:08:19 PM

We should get a little price cut on gas, with the oil price being down, but don't hold your breath.
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