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Oil ticks higher as dollar ebbs

MarketWatch -- LOS ANGELES (MarketWatch) — Oil futures extended their slow creep higher Thursday after taking losses earlier in the week, helped by an easing dollar, though some analysts saw continued weakness ahead.

Crude oil for April delivery /quotes/zigman/2291772 CLJ3 -0.05% edged up 28 cents, or 0.3%, to $93.04 a barrel in electronic trade during the East Asian afternoon. The move added to a 13-cent gain during Wednesday’s regular New York Mercantile Exchange trade. Read: Oil logs minor gain on supply; stays below $93

London-traded Brent crude for April /quotes/zigman/2735833 UK:LCOJ3 +0.40% — which had fallen 0.8% on ICE Futures Wednesday — pared that loss by 15 cents to 0.1%, rising to $112.02 a barrel.

Helping support gains for crude, the U.S. dollar eased further from its gains o


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Submitted Feb 28, 2013 By: WxVette
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REPLIES (newest first) Post a Reply
NemoIL
Champion Author Illinois

Posts:4,460
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Message Posted: Mar 1, 2013 12:24:41 AM

Our dollar is being de-valued, by the massive debt, and the non-stop printing of money by the obama administration. And what is our dear leader doing to help? He is increasing taxes on you, notice how your pay check got smaller after the first of the year? To help you out even more, he is not planning on increasing the federal tax on a gallon of gas. How much more of this can we take?
iFueler
Champion Author Durham

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Message Posted: Mar 1, 2013 12:23:18 AM


    as oil goes up so will gas at the pump
Aviator_Rob
Champion Author New York

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Message Posted: Mar 1, 2013 12:21:49 AM

@5Golfer8, do you have anything intelligent to say, for a change?
Aviator_Rob
Champion Author New York

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Points:732,190
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Message Posted: Mar 1, 2013 12:20:15 AM

To all those griping about the U.S. devaluing the dollar, get used to it. We're in the middle of a currency war with all the other industrialized, goods exporting countries. The British pound, the Euro, the Yen, and the Chinese Yuan are all racing to the bottom, in an effort to make their country's goods seem more inexpensive and attractive.
tedjm1
Champion Author New York

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Message Posted: Mar 1, 2013 12:17:04 AM

Funny how oil price is tied to the US Dollar.
jimgraham
Champion Author Akron

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Message Posted: Mar 1, 2013 12:12:15 AM

Do we see it at the pump?
wcp3rd
All-Star Author New Jersey

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Message Posted: Mar 1, 2013 12:11:19 AM

okay
rahcat
Champion Author Grand Rapids

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Message Posted: Mar 1, 2013 12:09:23 AM

Turn off the printing presses at the Bureau of Engrtaving and Printing.
wshokie12
Champion Author Winston-Salem

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Message Posted: Mar 1, 2013 12:08:33 AM

Okay.
ican2step
Champion Author Pittsburgh

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Message Posted: Mar 1, 2013 12:08:06 AM

Okay
monarch57
Champion Author British Columbia

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Message Posted: Mar 1, 2013 12:07:14 AM

It should be the other way around oil going down and the dollar up.
ManOfLeisureII
Champion Author Philadelphia

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Message Posted: Mar 1, 2013 12:07:01 AM

Go long the Euro if you believe this
PrinceLH
Champion Author Ontario

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Message Posted: Mar 1, 2013 12:05:41 AM

Just more organized crime!
yyc2yow
Champion Author Ottawa

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Message Posted: Mar 1, 2013 12:05:22 AM

whats new
sjhman
Veteran Author Atlanta

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Message Posted: Mar 1, 2013 12:03:47 AM

seeing too many of these articles lately
RCMOM
Rookie Author Florida

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Message Posted: Feb 28, 2013 11:55:20 PM

$$$$$ + %%%%% = *@#@#@#*
bginsj
Champion Author San Jose

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Message Posted: Feb 28, 2013 11:52:33 PM

sounds like crap to me
ldiggy
Champion Author Wilmington

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Message Posted: Feb 28, 2013 11:51:58 PM

Yadi,yadi,yadi.
Chris46
Champion Author Dayton

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Message Posted: Feb 28, 2013 11:51:27 PM

And $.20 per gallon at a crack is more than just ticking!
smoketown
Champion Author Cincinnati

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Message Posted: Feb 28, 2013 11:49:21 PM

No, A few days behind !
bvrbill
Champion Author Eugene

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Message Posted: Feb 28, 2013 11:46:18 PM

Mumbo jumbo...
7SPEEDY7
Champion Author Flint

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Message Posted: Feb 28, 2013 11:41:18 PM

Greed
I5Don
Veteran Author California

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Message Posted: Feb 28, 2013 11:40:55 PM

Old news
srchr
Champion Author San Jose

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Message Posted: Feb 28, 2013 11:37:27 PM

printing too many paper $$$$$$$$$
mcmonsta
Champion Author Honolulu

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Message Posted: Feb 28, 2013 11:36:50 PM

oil up...and this is news?
REKEY
Champion Author South Carolina

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Message Posted: Feb 28, 2013 11:36:13 PM

Ebbs means profits for Exxon!
falcons
Champion Author North Dakota

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Message Posted: Feb 28, 2013 11:35:02 PM

Require traders to take possesion and store for a miminum of 31 days.
vibdata
Champion Author Massachusetts

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Message Posted: Feb 28, 2013 11:31:35 PM

I'll just go with littlebigboy on this.
lolobond
All-Star Author New Orleans

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Message Posted: Feb 28, 2013 11:31:33 PM

Incredible
littlebigboy
Veteran Author South Dakota

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Message Posted: Feb 28, 2013 11:30:14 PM

What a bunch of BS!!! Oil is down and the price of the dollar vs. the euro is up.
5Golfer8
Champion Author Tucson

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Message Posted: Feb 28, 2013 11:30:08 PM

Fuel prices keep going up as Damian Obama just laughs at us. Impeach Obama Now!
Alfied
Champion Author Riverside

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Message Posted: Feb 28, 2013 11:29:42 PM

Up and down, up and down, makes the world go around.
snerd
All-Star Author Pennsylvania

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Message Posted: Feb 28, 2013 11:27:58 PM

Ok
NorthglennBill
Champion Author Denver

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Message Posted: Feb 28, 2013 11:27:20 PM

Up $.28 is not exactly sky rocketing. Still, it would be better if it were down $.28.
BREW9
Champion Author Tampa

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Message Posted: Feb 28, 2013 11:26:00 PM

climbing
Dragnet
Champion Author Arizona

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Message Posted: Feb 28, 2013 11:25:39 PM

Who writes this garbage. The headline stinks
FlyNFool
Champion Author South Carolina

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Message Posted: Feb 28, 2013 11:24:57 PM

Ebb and flow!
Jedman982
Sophomore Author Modesto

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Message Posted: Feb 28, 2013 11:22:23 PM

Always going up
pleinyeux
Champion Author Montreal

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Message Posted: Feb 28, 2013 11:20:37 PM

up up up
Lizzylou
Champion Author Stockton

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Message Posted: Feb 28, 2013 11:19:18 PM

UP NOT GOOD!!!
VikingWoman
Champion Author Washington

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Message Posted: Feb 28, 2013 11:18:13 PM

yada, yada, yada...
SavALot
Champion Author Virginia Beach

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Message Posted: Feb 28, 2013 11:17:18 PM

always about the ebb and flow
ScottTee
Champion Author Detroit

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Message Posted: Feb 28, 2013 11:15:20 PM

The ICE exchange is corrupt.
Bubba44612
Champion Author Ohio

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Message Posted: Feb 28, 2013 11:14:20 PM

Just over speculation.
pgerassi
Champion Author Milwaukee

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Message Posted: Feb 28, 2013 11:11:05 PM

SOP
DEG
Champion Author Las Vegas

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Message Posted: Feb 28, 2013 11:10:48 PM

With Obama at the helm our debt is increasing faster and the printing of money by Bernanke is causing the dollar to go down. The results are that the middle class is paying much more to live.
DrLyon
Champion Author Michigan

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Message Posted: Feb 28, 2013 11:10:02 PM

Oil tick lower...
abcdMA
Champion Author Worcester

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Message Posted: Feb 28, 2013 11:09:16 PM

and the dollar continues to weaken
paulydel
Champion Author Delaware

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Message Posted: Feb 28, 2013 11:08:33 PM

If the dollar doesn't get stronger we will be a third world country.
HawaiianGuy
Champion Author Idaho

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Message Posted: Feb 28, 2013 11:07:41 PM

So, the dollar's ebbing, eh? Wouldn't happen to be tied to Obama's MASSIVE OVERSPENDING, now would it? Uh-DUH!
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