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UPDATE 4-Oil falls towards $117 on slowing growth

Reuters Middle East -- * Investors cautious ahead of Italy's election

* Technical charts point to fall in oil prices

* U.S. oil inventories data delayed to Wed, Thurs

(Recasts with new detail, comment; paragraphs 1-7, 13)

LONDON, Feb 19 (Reuters) - Brent crude oil slipped towards

$117 per barrel on Tuesday, falling for a third session in a row

on signs of lacklustre European growth and easing geopolitical

tensions.

Oil prices rose strongly during the first six weeks of the

year, but peaked more than a week ago and have since

consolidated as investors have reassessed the prospects for

global growth and potential worries over oil supply.

Forecasts for a slowdown in France's GDP growth in 2013 and

elections in Italy have added to uncertainty on the euro zone

outlook, curbin

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Submitted Feb 19, 2013 By: WxVette

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JMW1942 All-Star Author Michigan Posts:711 Points:433,695 Joined:Feb 2012	Message Posted: Feb 20, 2013 10:04:44 AM Ignore JMW1942 Report Abuse If wholesale prices in a given area between dealers is only 2 or 3 cents, look at all the stations that are ripping us off.
goldrose1 Champion Author Cleveland Posts:11,065 Points:1,948,630 Joined:Feb 2005	Message Posted: Feb 20, 2013 3:47:34 AM Ignore goldrose1 Report Abuse Actually saw a price drop 2 cents tonight. Nice to see that happen more.
SkooterG Champion Author Phoenix Posts:1,369 Points:344,185 Joined:May 2012	Message Posted: Feb 20, 2013 1:35:25 AM Ignore SkooterG Report Abuse What does all this info matter? Prices continue to skyrocket!
wshokie12 Champion Author Winston-Salem Posts:1,450 Points:243,060 Joined:Aug 2012	Message Posted: Feb 19, 2013 11:30:46 PM Ignore wshokie12 Report Abuse Ok.
boatfloyd Champion Author Jacksonville Posts:1,853 Points:414,700 Joined:Mar 2012	Message Posted: Feb 19, 2013 11:19:19 PM Ignore boatfloyd Report Abuse Gas is going up, whatever the price oil is.
silverfoxv65 Champion Author Michigan Posts:4,618 Points:1,256,475 Joined:Sep 2009	Message Posted: Feb 19, 2013 11:16:09 PM Ignore silverfoxv65 Report Abuse Slowing growth, witch is it, picking up or slowing down.
1fulltank Champion Author Buffalo Posts:8,036 Points:1,570,995 Joined:Nov 2008	Message Posted: Feb 19, 2013 11:15:17 PM Ignore 1fulltank Report Abuse "...slipped toward..." . More like "inched".
bluebird1 Champion Author Toronto Posts:15,868 Points:3,133,875 Joined:May 2004	Message Posted: Feb 19, 2013 11:13:57 PM Ignore bluebird1 Report Abuse Crude up or down...gas prices rise --- go figure!!!
Bill100 Champion Author Grand Rapids Posts:41,741 Points:1,189,570 Joined:Jan 2010	Message Posted: Feb 19, 2013 11:13:24 PM Ignore Bill100 Report Abuse Prices will have to fall when nobody can afford to buy gas. It's just too hard to get blood out of a rock.
ClassicWheeler All-Star Author Montgomery Posts:785 Points:335,375 Joined:Apr 2012	Message Posted: Feb 19, 2013 11:13:10 PM Ignore ClassicWheeler Report Abuse It is going down, but not the prices. Don't you get it!
CCLighthouse Champion Author Hartford Posts:1,130 Points:238,680 Joined:Aug 2012	Message Posted: Feb 19, 2013 11:13:03 PM Ignore CCLighthouse Report Abuse We shouldn't have to worry about any of this. We are sitting on one of the largest fields of oil in the world. Who's steering this ship anyway......? ; (
Ray_10589 Champion Author New York Posts:5,076 Points:1,209,485 Joined:May 2009	Message Posted: Feb 19, 2013 11:09:27 PM Ignore Ray_10589 Report Abuse too too High
N5EXY Champion Author Austin Posts:5,629 Points:1,536,805 Joined:Jul 2004	Message Posted: Feb 19, 2013 11:09:06 PM Ignore N5EXY Report Abuse I still like my Marauder. I will just drive less and enjoy it more.
obimerrill Champion Author Cincinnati Posts:1,575 Points:316,440 Joined:Jul 2012	Message Posted: Feb 19, 2013 11:06:39 PM Ignore obimerrill Report Abuse Hope gas goes down with oil prices...
arb0526 Champion Author Greensboro Posts:2,112 Points:437,345 Joined:Mar 2011	Message Posted: Feb 19, 2013 11:04:29 PM Ignore arb0526 Report Abuse Oil execs driving big vehicles and we drive (if it's still running) our 4 cylinder, held together by bailing wire and other odd items, "car" [Edited by: arb0526 at 2/20/2013 12:05:08 AM EST]
mlmeng Champion Author Michigan Posts:1,770 Points:617,785 Joined:Mar 2011	Message Posted: Feb 19, 2013 11:03:56 PM Ignore mlmeng Report Abuse Gas prices are already too high and are going up.
AnObserver Champion Author New Jersey Posts:8,489 Points:2,284,505 Joined:Sep 2005	Message Posted: Feb 19, 2013 11:03:53 PM Ignore AnObserver Report Abuse Over priced
yyc2yow All-Star Author Ottawa Posts:772 Points:594,920 Joined:Dec 2009	Message Posted: Feb 19, 2013 11:01:28 PM Ignore yyc2yow Report Abuse way to much $$$$
DustyHorse Champion Author Virginia Posts:6,214 Points:1,416,580 Joined:Oct 2008	Message Posted: Feb 19, 2013 11:00:03 PM Ignore DustyHorse Report Abuse Oil is way overpriced.
CCLighthouse Champion Author Hartford Posts:1,130 Points:238,680 Joined:Aug 2012	Message Posted: Feb 19, 2013 10:59:03 PM Ignore CCLighthouse Report Abuse We shouldn't have to worry about any of this. We are sitting on one of the largest fields of oil in the world. Who's steering this ship anyway......? ; (
bonzoonfmb Champion Author Florida Posts:1,817 Points:664,160 Joined:Feb 2010	Message Posted: Feb 19, 2013 10:58:02 PM Ignore bonzoonfmb Report Abuse Gas prices are too high.
libertyut Champion Author Utah Posts:1,370 Points:298,200 Joined:Mar 2012	Message Posted: Feb 19, 2013 10:57:49 PM Ignore libertyut Report Abuse Bla Bla Bla
Vette1967 Champion Author Albany Posts:6,102 Points:1,302,725 Joined:Jun 2009	Message Posted: Feb 19, 2013 10:57:40 PM Ignore Vette1967 Report Abuse Going to use less.
DrCashFlow Champion Author Massachusetts Posts:7,197 Points:1,653,720 Joined:Jun 2008	Message Posted: Feb 19, 2013 10:57:04 PM Ignore DrCashFlow Report Abuse Oil upside limited by increased likelihood of causing recessions worldwide and leadingvto decreased demand
Buddy2264 Champion Author Tampa Posts:11,792 Points:2,386,695 Joined:Oct 2005	Message Posted: Feb 19, 2013 10:55:42 PM Ignore Buddy2264 Report Abuse Princes are not going to fall as we continue to export refined fuels from US oil and imports for the profits. Our only way out now is an alternative or hybrid and not using oil.
FlyNFool Champion Author South Carolina Posts:8,374 Points:1,711,725 Joined:Aug 2008	Message Posted: Feb 19, 2013 10:51:49 PM Ignore FlyNFool Report Abuse What?
pastorpaulcg Champion Author Virginia Posts:3,615 Points:775,785 Joined:Dec 2010	Message Posted: Feb 19, 2013 10:50:39 PM Ignore pastorpaulcg Report Abuse hahahahaha
jackster111 Champion Author North Carolina Posts:3,529 Points:452,060 Joined:Feb 2012	Message Posted: Feb 19, 2013 10:48:44 PM Ignore jackster111 Report Abuse okay
milespergallon Champion Author Illinois Posts:9,880 Points:1,935,835 Joined:Feb 2007	Message Posted: Feb 19, 2013 10:48:19 PM Ignore milespergallon Report Abuse Slowing growth?????????????? Economy upswing????????????????? Economic growth?????????????????? B u l l E x c r e m e n t!!!!!!!!!!!!!!!!!!!!!!!!! B o v i n e D r o p p i n g s!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
WIWalt Champion Author Wisconsin Posts:1,847 Points:440,990 Joined:Mar 2012	Message Posted: Feb 19, 2013 10:47:10 PM Ignore WIWalt Report Abuse Just like candy bars, the package is the same size but the bar inside is smaller. Big oil is paying less for barrel & charging us more per gallon
Tucker16 Champion Author Ottawa Posts:1,191 Points:563,600 Joined:Jul 2006	Message Posted: Feb 19, 2013 10:43:10 PM Ignore Tucker16 Report Abuse Keep falling!
Brucevanf Champion Author New Brunswick Posts:1,492 Points:271,010 Joined:Aug 2012	Message Posted: Feb 19, 2013 10:41:12 PM Ignore Brucevanf Report Abuse Everyone is conserving because of the cost.
medic319 All-Star Author Akron Posts:733 Points:266,735 Joined:Mar 2012	Message Posted: Feb 19, 2013 10:37:46 PM Ignore medic319 Report Abuse The slower growth is because of high oil prices.
geoutpb Champion Author Midland Odessa Posts:4,713 Points:1,084,160 Joined:Dec 2006	Message Posted: Feb 19, 2013 10:34:31 PM Ignore geoutpb Report Abuse Oil prices need to go higher baby needs new shoes.
chvytruk All-Star Author Kentucky Posts:780 Points:381,965 Joined:Sep 2006	Message Posted: Feb 19, 2013 10:31:21 PM Ignore chvytruk Report Abuse It has been proven repeatedly over the last several months/years that the pump price is totally upwardly independent, irrespective of how low the price of a barrel of crude may fall.
wayoung56 Champion Author Alabama Posts:2,915 Points:844,035 Joined:Oct 2006	Message Posted: Feb 19, 2013 10:28:09 PM Ignore wayoung56 Report Abuse Very confusing and doesn't seem to matter very much with all the profit taking going on...
SpankyMI Champion Author Kalamazoo Posts:2,831 Points:784,615 Joined:Jan 2011	Message Posted: Feb 19, 2013 10:26:31 PM Ignore SpankyMI Report Abuse Was it not reported last week that the prices of crude was $97? I'm confused.
cifuentesab All-Star Author Stockton Posts:790 Points:532,105 Joined:Jul 2011	Message Posted: Feb 19, 2013 10:25:18 PM Ignore cifuentesab Report Abuse whatever
badharley Champion Author Tampa Posts:1,149 Points:765,940 Joined:Jul 2010	Message Posted: Feb 19, 2013 10:24:59 PM Ignore badharley Report Abuse Just GREED
PissedATthePump All-Star Author Pennsylvania Posts:507 Points:119,580 Joined:May 2012	Message Posted: Feb 19, 2013 10:22:11 PM Ignore PissedATthePump Report Abuse More BS
Brunduski All-Star Author Missouri Posts:549 Points:203,275 Joined:Jun 2012	Message Posted: Feb 19, 2013 10:21:19 PM Ignore Brunduski Report Abuse How can oil be falling with such a robust, recovering economy that we have. At least that is what Obama keeps saying. Things sure look rosey when your wearing rose colored glasses.
bojiway1 Champion Author Minnesota Posts:2,185 Points:504,910 Joined:Dec 2011	Message Posted: Feb 19, 2013 10:20:35 PM Ignore bojiway1 Report Abuse Jumping every day
12mpgnavigator Champion Author Seattle Posts:2,839 Points:674,510 Joined:Jun 2009	Message Posted: Feb 19, 2013 10:20:29 PM Ignore 12mpgnavigator Report Abuse same story, different day
BlewettCA Veteran Author California Posts:318 Points:243,410 Joined:May 2012	Message Posted: Feb 19, 2013 10:20:07 PM Ignore BlewettCA Report Abuse bla bla bla
BREW9 Champion Author Tampa Posts:1,015 Points:2,939,535 Joined:Jun 2004	Message Posted: Feb 19, 2013 10:16:40 PM Ignore BREW9 Report Abuse climbing everyday
drz614 Champion Author Harrisburg Posts:2,436 Points:625,235 Joined:Aug 2011	Message Posted: Feb 19, 2013 10:14:12 PM Ignore drz614 Report Abuse bigdipperMS: rotflmao, sorry. I mean obummer won the election too. You are using the common sense approach. [Edited by: drz614 at 2/19/2013 11:16:32 PM EST]
bigdipperMS Champion Author Mississippi Posts:1,541 Points:550,130 Joined:Apr 2011	Message Posted: Feb 19, 2013 10:12:36 PM Ignore bigdipperMS Report Abuse Should not gasoline prices start to drop instead of the increases we are seeing?
us4usa Champion Author Missouri Posts:6,118 Points:1,136,670 Joined:May 2008	Message Posted: Feb 19, 2013 10:11:00 PM Ignore us4usa Report Abuse High prices will always slow growth...
texasvet Champion Author Texas Posts:3,886 Points:364,140 Joined:Jul 2009	Message Posted: Feb 19, 2013 10:08:07 PM Ignore texasvet Report Abuse More pipeline capacity between Cushing and the coast should help bring down Brent and help close the gap with WTI. Of course Keystone XL would have helped too, if it hadn't been blocked for years.
DrLyon Champion Author Michigan Posts:6,764 Points:1,237,640 Joined:May 2006	Message Posted: Feb 19, 2013 10:05:25 PM Ignore DrLyon Report Abuse Fall more...