Not Logged In Log In   Sign Up   Points Leaders
Follow Us    7:01 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
Mark8601
Champion Author Bakersfield

Posts:1,141
Points:823,495
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.
WalRus49
Champion Author Boston

Posts:7,565
Points:1,651,115
Joined:Nov 2010
Message Posted: Apr 9, 2012 3:19:56 AM

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

Posts:63,964
Points:3,154,820
Joined:Mar 2006
Message Posted: Apr 9, 2012 1:59:51 AM

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

Posts:1,601
Points:1,031,170
Joined:Feb 2011
Message Posted: Apr 9, 2012 1:23:01 AM

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

Posts:63,964
Points:3,154,820
Joined:Mar 2006
Message Posted: Apr 9, 2012 12:39:02 AM

you cant hide REAL jobs numbers forever
quasar502
Champion Author Lansing

Posts:6,629
Points:1,554,955
Joined:Jan 2011
Message Posted: Apr 9, 2012 12:28:11 AM

Good.
granitestater
Champion Author New Hampshire

Posts:12,876
Points:2,201,155
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...
Jeff4U
Champion Author Atlanta

Posts:12,299
Points:2,631,010
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.
lesndave
Champion Author Texas

Posts:6,161
Points:1,475,225
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.....???????
vrossi46
Champion Author San Jose

Posts:5,674
Points:1,541,830
Joined:Oct 2008
Message Posted: Apr 9, 2012 12:08:39 AM

keep going
edgarCA
Champion Author Oakland

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

Happy Easter.
LEGION57
Champion Author South Carolina

Posts:1,686
Points:298,320
Joined:Mar 2011
Message Posted: Apr 9, 2012 12:03:41 AM

yippie
jwkycola
Champion Author Columbia

Posts:1,119
Points:1,130,355
Joined:Jul 2011
Message Posted: Apr 8, 2012 11:58:30 PM

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

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

ok
USCCRN
Sophomore Author Long Island

Posts:145
Points:106,640
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.
benjy
Champion Author Chicago

Posts:11,117
Points:2,540,880
Joined:Nov 2003
Message Posted: Apr 8, 2012 11:43:27 PM

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

Posts:537
Points:479,755
Joined:Apr 2006
Message Posted: Apr 8, 2012 11:41:25 PM

Ok
wiskow
Champion Author Riverside

Posts:7,396
Points:1,668,050
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. :/
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
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
davenles
Champion Author Texas

Posts:6,433
Points:1,499,360
Joined:May 2011
Message Posted: Apr 8, 2012 11:10:29 PM

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

Posts:10,269
Points:2,402,345
Joined:Oct 2008
Message Posted: Apr 8, 2012 10:59:36 PM

HIS FELL FOR FEW DAYS
nimpy
Champion Author Indianapolis

Posts:10,976
Points:2,406,815
Joined:Oct 2007
Message Posted: Apr 8, 2012 10:50:00 PM

The price of gas will still go up
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.
Night Owl
Champion Author Toronto

Posts:10,720
Points:2,563,480
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.
69Bonne
Champion Author Gary

Posts:3,498
Points:1,069,590
Joined:Sep 2005
Message Posted: Apr 8, 2012 10:19:06 PM

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

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

I agree.
gilfarm
Champion Author Alabama

Posts:9,993
Points:2,720,370
Joined:Sep 2005
Message Posted: Apr 8, 2012 10:17:45 PM

Could be good news!
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
mplato
Champion Author Columbia

Posts:11,016
Points:2,550,270
Joined:Jun 2004
Message Posted: Apr 8, 2012 10:08:07 PM

oil falling is a good thing
Jeff4U
Champion Author Atlanta

Posts:12,299
Points:2,631,010
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.
Thomtec
Champion Author Nashville

Posts:5,650
Points:1,384,155
Joined:May 2011
Message Posted: Apr 8, 2012 9:59:36 PM

No demand
drz614
Champion Author Harrisburg

Posts:5,590
Points:1,378,315
Joined:Aug 2011
Message Posted: Apr 8, 2012 9:55:58 PM

ok
ratboy1968
Champion Author Montreal

Posts:5,874
Points:1,330,825
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.
race2IT
Champion Author Fort Worth

Posts:2,776
Points:1,290,780
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?
BrucePen
Champion Author Ontario

Posts:9,112
Points:1,987,115
Joined:Sep 2008
Message Posted: Apr 8, 2012 9:29:19 PM

And pump prices keep rising.
BlackSbr
Champion Author Nevada

Posts:1,000
Points:1,274,450
Joined:Sep 2011
Message Posted: Apr 8, 2012 9:29:03 PM

Rhym time
matthwbar
Champion Author Toledo

Posts:7,131
Points:1,785,925
Joined:Jun 2007
Message Posted: Apr 8, 2012 9:27:02 PM

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

Posts:5,226
Points:1,202,200
Joined:Jan 2012
Message Posted: Apr 8, 2012 9:26:35 PM

hmm
Post a reply Back to Topics