Not Logged In Log In   Sign Up   Points Leaders
Follow Us    5:43 PM

GasBuddy News Article

36
votes
Crude Oil Declines on Economic Outlook; Brent Slides

Bloomberg -- Oil fell for the third time in four days after U.S. employers added fewer jobs than expected, damping the economic outlook in the biggest crude consumer, and Iran agreed to resume talks over its nuclear program.

Futures slid as much as 1.2 percent after climbing 1.8 percent on April 5. The U.S. created 120,000 jobs in March, the smallest increase in five months, a Labor Department report showed April 6. The median estimate in a Bloomberg survey of economists was for an increase of 205,000. International negotiations with Iran’s government are scheduled to start this week, easing concern that supplies may be disrupted by the dispute over the Persian Gulf nation’s nuclear program.


Read the Full Article

Submitted Apr 08, 2012 By: wiskow
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Crude Oil Declines on Economic Outlook; Brent Slides Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
Mark8601
Champion Author Bakersfield

Posts:1,120
Points:772,320
Joined:Dec 2011
Message Posted: Apr 9, 2012 3:36:35 AM

The new thing is to bring in cheaper Dakota crude oil to CA and process it. Makes a ton of money for the refiner. They don't have to bring in foriegn oil.
Profile Pic
WalRus49
Champion Author Boston

Posts:7,127
Points:1,560,690
Joined:Nov 2010
Message Posted: Apr 9, 2012 3:19:56 AM

More organized mayhem and pillage................
Profile Pic
humblepie
Champion Author Toledo

Posts:59,867
Points:3,064,395
Joined:Mar 2006
Message Posted: Apr 9, 2012 1:59:51 AM

our economy is in the crapper for real
Profile Pic
anascom
Champion Author Hamilton

Posts:1,601
Points:962,420
Joined:Feb 2011
Message Posted: Apr 9, 2012 1:23:01 AM

we still see higher gas prices each day here in ontario!
Profile Pic
humblepie
Champion Author Toledo

Posts:59,867
Points:3,064,395
Joined:Mar 2006
Message Posted: Apr 9, 2012 12:39:02 AM

you cant hide REAL jobs numbers forever
Profile Pic
quasar502
Champion Author Lansing

Posts:6,277
Points:1,465,205
Joined:Jan 2011
Message Posted: Apr 9, 2012 12:28:11 AM

Good.
Profile Pic
granitestater
Champion Author New Hampshire

Posts:12,406
Points:2,110,730
Joined:Oct 2008
Message Posted: Apr 9, 2012 12:23:47 AM

Just the market adjusting to daily demand. Move along, citizen. Nothing to see here...
Profile Pic
Jeff4U
Champion Author Atlanta

Posts:11,783
Points:2,540,705
Joined:Nov 2004
Message Posted: Apr 9, 2012 12:12:39 AM

A temporary glitch. It'll be back up before your next lunch break.
Profile Pic
lesndave
Champion Author Texas

Posts:5,820
Points:1,385,970
Joined:May 2011
Message Posted: Apr 9, 2012 12:10:42 AM

Don't get it...... Oil goes down, but gas prices jump up another 5-10 cents a gallon.....???????
Profile Pic
vrossi46
Champion Author San Jose

Posts:5,317
Points:1,451,815
Joined:Oct 2008
Message Posted: Apr 9, 2012 12:08:39 AM

keep going
Profile Pic
edgarCA
Champion Author Oakland

Posts:1,581
Points:241,770
Joined:Jun 2009
Message Posted: Apr 9, 2012 12:08:28 AM

Happy Easter.
Profile Pic
LEGION57
Champion Author South Carolina

Posts:1,684
Points:284,580
Joined:Mar 2011
Message Posted: Apr 9, 2012 12:03:41 AM

yippie
Profile Pic
jwkycola
Champion Author Columbia

Posts:1,081
Points:1,061,580
Joined:Jul 2011
Message Posted: Apr 8, 2012 11:58:30 PM

Good. Now what about gas prices?
Profile Pic
pizzaman777
Rookie Author Little Rock

Posts:20
Points:6,200
Joined:Apr 2012
Message Posted: Apr 8, 2012 11:52:56 PM

ok
Profile Pic
USCCRN
Sophomore Author Long Island

Posts:145
Points:104,840
Joined:Mar 2012
Message Posted: Apr 8, 2012 11:52:42 PM

If crude oil is becoming cheaper, then gas will become cheaper too. Hopefully soon.
Profile Pic
benjy
Champion Author Chicago

Posts:10,974
Points:2,459,730
Joined:Nov 2003
Message Posted: Apr 8, 2012 11:43:27 PM

don't blink you eyes... opps... it's back up again...
Profile Pic
flghtmedic
All-Star Author Pensacola

Posts:532
Points:448,130
Joined:Apr 2006
Message Posted: Apr 8, 2012 11:41:25 PM

Ok
Profile Pic
wiskow
Champion Author Riverside

Posts:7,376
Points:1,663,050
Joined:Dec 2005
Message Posted: Apr 8, 2012 11:21:29 PM

Jeff4U wrote: "Wholesale gas is at $3.32 per gallon, which means about $3.82 at the pump."

... or around $4.32 in California. :/
Profile Pic
wonderlander
Veteran Author Illinois

Posts:393
Points:49,600
Joined:Aug 2011
Message Posted: Apr 8, 2012 11:20:17 PM

and gas prices still don't make sense
Profile Pic
kitty1750
Champion Author Kitchener-Waterloo

Posts:2,199
Points:470,975
Joined:Jun 2011
Message Posted: Apr 8, 2012 11:12:09 PM

Gas prices will keep rising
Profile Pic
davenles
Champion Author Texas

Posts:6,068
Points:1,409,135
Joined:May 2011
Message Posted: Apr 8, 2012 11:10:29 PM

And yet our gas went up for the holiday weekend.
Profile Pic
amerk73
Champion Author Dallas

Posts:9,900
Points:2,311,840
Joined:Oct 2008
Message Posted: Apr 8, 2012 10:59:36 PM

HIS FELL FOR FEW DAYS
Profile Pic
nimpy
Champion Author Indianapolis

Posts:10,671
Points:2,323,310
Joined:Oct 2007
Message Posted: Apr 8, 2012 10:50:00 PM

The price of gas will still go up
Profile Pic
schatzila
Champion Author Los Angeles

Posts:5,986
Points:1,226,545
Joined:Jun 2010
Message Posted: Apr 8, 2012 10:49:28 PM

keep falling.
Profile Pic
Night Owl
Champion Author Toronto

Posts:10,360
Points:2,473,280
Joined:Jul 2004
Message Posted: Apr 8, 2012 10:24:08 PM

Greedy Wall Street oil speculators keep raising oil prices so high that world economies cannot recover. In the next few days, Wall Street will come up with more excuses to raise oil prices yet again.
Profile Pic
69Bonne
Champion Author Gary

Posts:3,242
Points:1,001,525
Joined:Sep 2005
Message Posted: Apr 8, 2012 10:19:06 PM

Keep sliding....
Profile Pic
FunMyster
All-Star Author Indiana

Posts:912
Points:74,315
Joined:Jul 2011
Message Posted: Apr 8, 2012 10:18:39 PM

I agree.
Profile Pic
gilfarm
Champion Author Alabama

Posts:9,629
Points:2,629,965
Joined:Sep 2005
Message Posted: Apr 8, 2012 10:17:45 PM

Could be good news!
Profile Pic
Hoporrene
Veteran Author Mississippi

Posts:312
Points:206,970
Joined:Dec 2011
Message Posted: Apr 8, 2012 10:09:59 PM

....could this be great news
Profile Pic
mplato
Champion Author Columbia

Posts:10,851
Points:2,471,245
Joined:Jun 2004
Message Posted: Apr 8, 2012 10:08:07 PM

oil falling is a good thing
Profile Pic
Jeff4U
Champion Author Atlanta

Posts:11,783
Points:2,540,705
Joined:Nov 2004
Message Posted: Apr 8, 2012 10:04:54 PM

The amount lower wasn't enough to affect the rise of 1.8%, so no big deal.
Crude is now at $101.98 per barrel.
Wholesale gas is at $3.32 per gallon, which means about $3.82 at the pump.
Profile Pic
Thomtec
Champion Author Nashville

Posts:5,311
Points:1,295,870
Joined:May 2011
Message Posted: Apr 8, 2012 9:59:36 PM

No demand
Profile Pic
drz614
Champion Author Harrisburg

Posts:5,227
Points:1,290,115
Joined:Aug 2011
Message Posted: Apr 8, 2012 9:55:58 PM

ok
Profile Pic
ratboy1968
Champion Author Montreal

Posts:5,509
Points:1,240,400
Joined:Oct 2011
Message Posted: Apr 8, 2012 9:53:53 PM

Yet gas prices are almost at an all-time high? Face the facts, gas is never dropping back to the levels that they were a couple of years ago.
Profile Pic
race2IT
Champion Author Fort Worth

Posts:2,635
Points:1,219,970
Joined:Oct 2008
Message Posted: Apr 8, 2012 9:42:59 PM

If oil is declining, then, why haven’t the pumps showing the reversal?
Profile Pic
BrucePen
Champion Author Ontario

Posts:8,752
Points:1,897,915
Joined:Sep 2008
Message Posted: Apr 8, 2012 9:29:19 PM

And pump prices keep rising.
Profile Pic
BlackSbr
Champion Author Nevada

Posts:1,000
Points:1,190,450
Joined:Sep 2011
Message Posted: Apr 8, 2012 9:29:03 PM

Rhym time
Profile Pic
matthwbar
Champion Author Toledo

Posts:6,771
Points:1,695,725
Joined:Jun 2007
Message Posted: Apr 8, 2012 9:27:02 PM

Yes, the economic outlook sucks...
Profile Pic
Tehbob
Champion Author California

Posts:4,913
Points:1,116,775
Joined:Jan 2012
Message Posted: Apr 8, 2012 9:26:35 PM

hmm
Post a reply Back to Topics