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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.

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Submitted Apr 08, 2012 By: wiskow

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REPLIES (newest first)Ignore Short Messages

Mark8601 All-Star Author Bakersfield Posts:913 Points:378,765 Joined:Dec 2011	Message Posted: Apr 9, 2012 3:36:35 AM Ignore Mark8601 Report Abuse 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:4,060 Points:865,940 Joined:Nov 2010	Message Posted: Apr 9, 2012 3:19:56 AM Ignore WalRus49 Report Abuse More organized mayhem and pillage................
humblepie Champion Author Toledo Posts:34,101 Points:2,369,195 Joined:Mar 2006	Message Posted: Apr 9, 2012 1:59:51 AM Ignore humblepie Report Abuse our economy is in the crapper for real
anascom Champion Author Hamilton Posts:1,593 Points:553,115 Joined:Feb 2011	Message Posted: Apr 9, 2012 1:23:01 AM Ignore anascom Report Abuse we still see higher gas prices each day here in ontario!
humblepie Champion Author Toledo Posts:34,101 Points:2,369,195 Joined:Mar 2006	Message Posted: Apr 9, 2012 12:39:02 AM Ignore humblepie Report Abuse you cant hide REAL jobs numbers forever
quasar502 Champion Author Lansing Posts:3,568 Points:798,425 Joined:Jan 2011	Message Posted: Apr 9, 2012 12:28:11 AM Ignore quasar502 Report Abuse Good.
granitestater Champion Author New Hampshire Posts:8,812 Points:1,428,800 Joined:Oct 2008	Message Posted: Apr 9, 2012 12:23:47 AM Ignore granitestater Report Abuse Just the market adjusting to daily demand. Move along, citizen. Nothing to see here...
Jeff4U Champion Author Atlanta Posts:8,733 Points:1,850,195 Joined:Nov 2004	Message Posted: Apr 9, 2012 12:12:39 AM Ignore Jeff4U Report Abuse A temporary glitch. It'll be back up before your next lunch break.
lesndave Champion Author Texas Posts:3,027 Points:698,455 Joined:May 2011	Message Posted: Apr 9, 2012 12:10:42 AM Ignore lesndave Report Abuse Don't get it...... Oil goes down, but gas prices jump up another 5-10 cents a gallon.....???????
vrossi46 Champion Author San Jose Posts:2,662 Points:802,970 Joined:Oct 2008	Message Posted: Apr 9, 2012 12:08:39 AM Ignore vrossi46 Report Abuse keep going
edgarCA Champion Author Oakland Posts:1,581 Points:241,770 Joined:Jun 2009	Message Posted: Apr 9, 2012 12:08:28 AM Ignore edgarCA Report Abuse Happy Easter.
LEGION57 Champion Author South Carolina Posts:1,676 Points:283,110 Joined:Mar 2011	Message Posted: Apr 9, 2012 12:03:41 AM Ignore LEGION57 Report Abuse yippie
jwkycola All-Star Author Columbia Posts:817 Points:530,150 Joined:Jul 2011	Message Posted: Apr 8, 2012 11:58:30 PM Ignore jwkycola Report Abuse Good. Now what about gas prices?
pizzaman777 Rookie Author Little Rock Posts:20 Points:4,200 Joined:Apr 2012	Message Posted: Apr 8, 2012 11:52:56 PM Ignore pizzaman777 Report Abuse ok
USCCRN Sophomore Author Long Island Posts:145 Points:104,240 Joined:Mar 2012	Message Posted: Apr 8, 2012 11:52:42 PM Ignore USCCRN Report Abuse If crude oil is becoming cheaper, then gas will become cheaper too. Hopefully soon.
benjy Champion Author Chicago Posts:8,587 Points:1,785,845 Joined:Nov 2003	Message Posted: Apr 8, 2012 11:43:27 PM Ignore benjy Report Abuse don't blink you eyes... opps... it's back up again...
flghtmedic All-Star Author Pensacola Posts:517 Points:383,205 Joined:Apr 2006	Message Posted: Apr 8, 2012 11:41:25 PM Ignore flghtmedic Report Abuse Ok
wiskow Champion Author San Diego Posts:7,026 Points:1,393,650 Joined:Dec 2005	Message Posted: Apr 8, 2012 11:21:29 PM Ignore wiskow Report Abuse 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 Ignore wonderlander Report Abuse and gas prices still don't make sense
kitty1750 Champion Author Kitchener-Waterloo Posts:2,199 Points:470,675 Joined:Jun 2011	Message Posted: Apr 8, 2012 11:12:09 PM Ignore kitty1750 Report Abuse Gas prices will keep rising
davenles Champion Author Texas Posts:3,186 Points:715,960 Joined:May 2011	Message Posted: Apr 8, 2012 11:10:29 PM Ignore davenles Report Abuse And yet our gas went up for the holiday weekend.
amerk73 Champion Author Dallas Posts:7,035 Points:1,618,155 Joined:Oct 2008	Message Posted: Apr 8, 2012 10:59:36 PM Ignore amerk73 Report Abuse HIS FELL FOR FEW DAYS
nimpy Champion Author Indianapolis Posts:8,125 Points:1,699,155 Joined:Oct 2007	Message Posted: Apr 8, 2012 10:50:00 PM Ignore nimpy Report Abuse The price of gas will still go up
schatzila Champion Author Los Angeles Posts:4,934 Points:1,013,695 Joined:Jun 2010	Message Posted: Apr 8, 2012 10:49:28 PM Ignore schatzila Report Abuse keep falling.
Night Owl Champion Author Toronto Posts:7,540 Points:1,784,650 Joined:Jul 2004	Message Posted: Apr 8, 2012 10:24:08 PM Ignore Night Owl Report Abuse 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:1,140 Points:471,200 Joined:Sep 2005	Message Posted: Apr 8, 2012 10:19:06 PM Ignore 69Bonne Report Abuse Keep sliding....
FunMyster All-Star Author Indiana Posts:907 Points:73,215 Joined:Jul 2011	Message Posted: Apr 8, 2012 10:18:39 PM Ignore FunMyster Report Abuse I agree.
gilfarm Champion Author Alabama Posts:6,781 Points:1,945,915 Joined:Sep 2005	Message Posted: Apr 8, 2012 10:17:45 PM Ignore gilfarm Report Abuse 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 Ignore Hoporrene Report Abuse ....could this be great news
mplato Champion Author Columbia Posts:8,239 Points:1,813,320 Joined:Jun 2004	Message Posted: Apr 8, 2012 10:08:07 PM Ignore mplato Report Abuse oil falling is a good thing
Jeff4U Champion Author Atlanta Posts:8,733 Points:1,850,195 Joined:Nov 2004	Message Posted: Apr 8, 2012 10:04:54 PM Ignore Jeff4U Report Abuse 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:2,448 Points:605,220 Joined:May 2011	Message Posted: Apr 8, 2012 9:59:36 PM Ignore Thomtec Report Abuse No demand
drz614 Champion Author Harrisburg Posts:2,289 Points:595,670 Joined:Aug 2011	Message Posted: Apr 8, 2012 9:55:58 PM Ignore drz614 Report Abuse ok
ratboy1968 Champion Author Montreal Posts:2,602 Points:546,100 Joined:Oct 2011	Message Posted: Apr 8, 2012 9:53:53 PM Ignore ratboy1968 Report Abuse 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:1,767 Points:722,465 Joined:Oct 2008	Message Posted: Apr 8, 2012 9:42:59 PM Ignore race2IT Report Abuse If oil is declining, then, why haven’t the pumps showing the reversal?
BrucePen Champion Author Ontario Posts:6,591 Points:1,359,890 Joined:Sep 2008	Message Posted: Apr 8, 2012 9:29:19 PM Ignore BrucePen Report Abuse And pump prices keep rising.
BlackSbr Champion Author Nevada Posts:1,000 Points:560,550 Joined:Sep 2011	Message Posted: Apr 8, 2012 9:29:03 PM Ignore BlackSbr Report Abuse Rhym time
matthwbar Champion Author Toledo Posts:4,048 Points:1,014,880 Joined:Jun 2007	Message Posted: Apr 8, 2012 9:27:02 PM Ignore matthwbar Report Abuse Yes, the economic outlook sucks...
Tehbob Champion Author California Posts:2,281 Points:454,680 Joined:Jan 2012	Message Posted: Apr 8, 2012 9:26:35 PM Ignore Tehbob Report Abuse hmm