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GasBuddy News Article

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votes
Oil slumps on China, Europe worries;dollar gains

Reuters --
Crude oil prices fell sharply on Wednesday as signs of a slowdown in China and Europe stoked worries about petroleum demand, while the dollar rose after better-than-expected news on the U.S. economy.

Wall Street ended modestly higher as better-than-expected U.S. labor and service-sector data fueled optimism about the recovery, but the Dow industrials were hobbled by a slide in Hewlett-Packard .

The euro zone's economic woes worsened last month and China's slowdown looked likely to extend to a seventh quarter, suggesting recent bold actions by global central banks have yet to convince consumers to start spending again.


Read the Full Article

Submitted Oct 04, 2012 By: RENEGADEGAS
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil slumps on China, Europe worries;dollar gains Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,330
Points:2,442,140
Joined:Nov 2008
Message Posted: Oct 10, 2012 11:02:18 PM

Sneakers: maybe the GB gods deemed it worthy of staying up and renewed its lifespan?
Sneakers55
Champion Author Houston

Posts:64,632
Points:2,842,415
Joined:Nov 2005
Message Posted: Oct 9, 2012 1:58:49 PM

Why are articles from October fourth coming up as posted "today" when today is the ninth?
nauzad
Champion Author Las Vegas

Posts:1,427
Points:350,955
Joined:Mar 2010
Message Posted: Oct 5, 2012 5:51:11 PM

cool.
wamster
Champion Author Houston

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Points:1,248,795
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Message Posted: Oct 5, 2012 8:38:28 AM

Glad to read our dollar is up for a change. I'm tired of reading how screwed up the US is.
flagtown25
Champion Author New Jersey

Posts:1,224
Points:568,255
Joined:Oct 2011
Message Posted: Oct 5, 2012 8:19:51 AM

Don't worry. Oil will go back up because of the crisis in Syria.
nb52
Champion Author Grand Rapids

Posts:11,131
Points:2,352,465
Joined:Nov 2008
Message Posted: Oct 5, 2012 5:26:20 AM

Pump prices are still near $4 per gallon....hardly a "fall".
Bill100
Champion Author Grand Rapids

Posts:46,081
Points:1,924,955
Joined:Jan 2010
Message Posted: Oct 5, 2012 3:08:28 AM

Slump more.
rahcat
Champion Author Grand Rapids

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Message Posted: Oct 4, 2012 11:21:40 PM

jcurley.....what flavor of kool-aid are you drinking?
boatfloyd
Champion Author Jacksonville

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Message Posted: Oct 4, 2012 11:10:59 PM

Buy, Buy, Buy???
bluegrasser1
Champion Author Richmond

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Joined:Sep 2005
Message Posted: Oct 4, 2012 11:05:38 PM

ok
jem069
Champion Author Detroit

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Message Posted: Oct 4, 2012 11:01:14 PM

ok
PizzaMon
Champion Author Philadelphia

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Message Posted: Oct 4, 2012 10:59:22 PM

Ok
WIPACKERFAN
Champion Author Chicago

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Message Posted: Oct 4, 2012 10:59:09 PM

Still way too high!
mrbee
Champion Author Little Rock

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Joined:Oct 2005
Message Posted: Oct 4, 2012 10:57:28 PM

Not lower here.
goldrose1
Champion Author Cleveland

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Message Posted: Oct 4, 2012 10:54:27 PM

We need better prices.
frostyWV
Champion Author West Virginia

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Message Posted: Oct 4, 2012 10:53:21 PM

good
clermont40miles
Champion Author Cincinnati

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Joined:Apr 2008
Message Posted: Oct 4, 2012 10:53:06 PM

With slumps like today we are in trouble!

UP +3.57 per barrel.

Crazy Reuters.

Article is not news - it's a day late and not even fishwrap.

[Edited by: clermont40miles at 10/4/2012 11:54:22 PM EST]
LiquidGold2011
Sophomore Author California

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Message Posted: Oct 4, 2012 10:52:21 PM

Yea!
SandeeC
Champion Author Ontario

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Message Posted: Oct 4, 2012 10:51:47 PM

As carloco75 says, not surprising.
carloco75
Champion Author Richmond

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Message Posted: Oct 4, 2012 10:48:37 PM

I'm not the least bit surprised...
Thomtec
Champion Author Nashville

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Message Posted: Oct 4, 2012 10:45:56 PM

Ok
jwalkerh
Champion Author Louisiana

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Message Posted: Oct 4, 2012 10:40:28 PM

Oil slumps as gasoline spikes...
mrselfdestruct
Champion Author Arkansas

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Message Posted: Oct 4, 2012 10:40:26 PM

Record profits to come.
SavALot
Champion Author Virginia Beach

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Message Posted: Oct 4, 2012 10:38:22 PM

And chaos ensues!
Gas4Gore
Champion Author Detroit

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Joined:Jan 2010
Message Posted: Oct 4, 2012 10:36:55 PM

Yea.
abcdMA
Champion Author Worcester

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Message Posted: Oct 4, 2012 10:35:43 PM

and then oil rebounds sharply once again
HEBster
Champion Author Kentucky

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Message Posted: Oct 4, 2012 10:33:36 PM

Up big in KY
hammer219115
Veteran Author Pennsylvania

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Joined:Aug 2006
Message Posted: Oct 4, 2012 10:31:56 PM

Whoop!
Toppers
Champion Author Atlanta

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Message Posted: Oct 4, 2012 10:30:09 PM

& yet...up in the US
5Golfer8
Champion Author Tucson

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Joined:Jun 2011
Message Posted: Oct 4, 2012 10:29:15 PM

And the games just continue.
VanIsleLes
All-Star Author British Columbia

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Joined:Jun 2012
Message Posted: Oct 4, 2012 10:27:07 PM

Ok
zantor
Veteran Author San Bernardino

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Joined:Jul 2012
Message Posted: Oct 4, 2012 10:26:50 PM

perhaps we will see some relief in California
OGW
Champion Author London

Posts:7,135
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Joined:Sep 2005
Message Posted: Oct 4, 2012 10:26:14 PM

The news on TV just reported crude prices are up, what goes on here?
papa56NC
All-Star Author North Carolina

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Joined:Apr 2012
Message Posted: Oct 4, 2012 10:25:37 PM

Alright!
bvrbill
Champion Author Eugene

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Message Posted: Oct 4, 2012 10:24:46 PM

Yet, prices are not dropping at the pump.
bonzoonfmb
Champion Author Florida

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Joined:Feb 2010
Message Posted: Oct 4, 2012 10:22:28 PM

There is plenty of supply. Gas prices are too high.
firefly09
Champion Author San Diego

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Joined:Mar 2009
Message Posted: Oct 4, 2012 10:21:19 PM

OK.
pgerassi
Champion Author Milwaukee

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Message Posted: Oct 4, 2012 10:20:05 PM

OK
Busymomma56
Sophomore Author Utah

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Joined:Mar 2012
Message Posted: Oct 4, 2012 10:16:46 PM

k
jimedB
Champion Author Riverside

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Message Posted: Oct 4, 2012 10:15:55 PM

But the price went back up even higher Thursday.
mstearno
Champion Author Dayton

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Message Posted: Oct 4, 2012 10:14:59 PM

jcurley you are a hoot.....
compare employment numbers (do you know what that is?) the number of workers....
unemployment is just what we are paying people to look for work....
perhaps you should take an economics course....
to find a time when there were less americans in jobs you have to go back to the begining of the Reagan administration... and guess what... we have a lot more eligble workers now than way back then...
the stock market is a reflection of bail outs and stimulus expectations
corporate profits are up because they are scared to hire not knowing tax liabilities and OBAMACARE..
I suppose you feel OBAMA wiped the floor with Romney in the debate last night?
30mpg80
Champion Author Lexington

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Message Posted: Oct 4, 2012 10:12:10 PM

Poor serrog, so misguided
Wierbe
Champion Author Cincinnati

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Message Posted: Oct 4, 2012 10:11:52 PM

Better than expected. Do we 'blame' that on the president, too.
serrog
Champion Author Nova Scotia

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Message Posted: Oct 4, 2012 10:10:52 PM

Did Obama screw up China too?
aggietim
Champion Author Fort Worth

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Joined:Oct 2008
Message Posted: Oct 4, 2012 10:10:06 PM

ok
jcurley
Champion Author California

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Joined:Dec 2007
Message Posted: Oct 4, 2012 10:03:29 PM

If you here that America is worse off now than four years ago, just compare unemployment numbers, the stock market, corporate profits and executive pay.

The problem is, 4 million new jobs is not enough. If we could get the tea baggers in Congress to actually *DO* something (instead of going on vacation and sabotaging our credit worthiness, we could have created another million or two jobs in this country, which would help the middle class.
wayoung56
Champion Author Alabama

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Joined:Oct 2006
Message Posted: Oct 4, 2012 9:59:21 PM

So how do they justify raising gas prices again???
76chevy
Champion Author Toledo

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Message Posted: Oct 4, 2012 9:49:40 PM

Californy didn't read this.
skybiker
Champion Author South Carolina

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Joined:Jul 2008
Message Posted: Oct 4, 2012 9:44:19 PM

Looking for a black lining in this silver cloud...
vibdata
Champion Author Massachusetts

Posts:5,141
Points:1,080,015
Joined:Nov 2005
Message Posted: Oct 4, 2012 9:43:52 PM

HUH? This has got to be at least a day old. Oil SOARED today as well as gas.
Blue48
Champion Author Illinois

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Points:2,450,610
Joined:Feb 2007
Message Posted: Oct 4, 2012 9:42:12 PM

WHOOPEE!
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