Not Logged In Log In   Sign Up   Points Leaders
Follow Us    2:52 PM

GasBuddy News Article

51
votes
Oil Trades Near One-Week Low as Crude Inventories Rise

Bloomberg -- Oil traded near the lowest level in almost a week in New York after U.S. crude stockpiles increased and the World Bank cut its economic growth forecasts.

Futures were little changed after slipping the most in almost a month yesterday. U.S. crude supplies gained a second week and inventories rose to a record at Cushing, Oklahoma, the delivery point for West Texas Intermediate, data from the industry-funded American Petroleum Institute showed. An Energy Department report today may show stockpiles climbed by 2.2 million barrels, according to a Bloomberg News survey. OPEC reduced its output to the lowest level in 14 months, a monthly report from the producer group showed.

“Supply in the U.S. is increasingly comfortable as their domestic production of oil and gas burgeons,” Christopher


Read the Full Article

Submitted Jan 16, 2013 By: WxVette
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil Trades Near One-Week Low as Crude Inventories Rise Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:21,410
Points:1,937,840
Joined:Nov 2008
Message Posted: Jan 18, 2013 9:13:36 PM

not gonna change the upward pump trend.
Bearcat500
Champion Author Cincinnati

Posts:11,357
Points:1,949,175
Joined:Nov 2005
Message Posted: Jan 17, 2013 5:03:22 AM

OK
FogCitySpotter
Champion Author San Francisco

Posts:3,226
Points:703,010
Joined:Apr 2007
Message Posted: Jan 17, 2013 4:15:36 AM

Ok
HawaiianGuy
Champion Author Idaho

Posts:11,162
Points:3,400,595
Joined:May 2003
Message Posted: Jan 17, 2013 4:09:50 AM

Yet prices took an 8 cent hike just 3 days ago. WTF?
nb52
Champion Author Grand Rapids

Posts:9,407
Points:1,872,850
Joined:Nov 2008
Message Posted: Jan 17, 2013 3:14:44 AM

Only care if pump prices lower, much lower.
jcdakota
Champion Author Baltimore

Posts:1,618
Points:415,920
Joined:Nov 2010
Message Posted: Jan 17, 2013 12:49:27 AM

If the supply is so high and the production is up - why is the price still hovering about the same?
CiVX
Champion Author Oakland

Posts:8,472
Points:1,666,675
Joined:Feb 2009
Message Posted: Jan 16, 2013 9:42:26 PM

Well!
crreed1
Champion Author West Virginia

Posts:3,551
Points:2,843,515
Joined:May 2005
Message Posted: Jan 16, 2013 9:22:34 PM

still 3.45 here
69Bonne
Champion Author Gary

Posts:2,384
Points:722,265
Joined:Sep 2005
Message Posted: Jan 16, 2013 9:16:58 PM

Keep dropping.
rahcat
Champion Author Grand Rapids

Posts:4,310
Points:990,925
Joined:Jan 2010
Message Posted: Jan 16, 2013 9:14:39 PM

One week low???????????
SteelPenny
Champion Author Dallas

Posts:34,609
Points:2,931,715
Joined:Sep 2005
Message Posted: Jan 16, 2013 9:11:46 PM

And yet the price at the pump keeps going UP.
KrsnaDragon
Champion Author Montreal

Posts:3,971
Points:855,225
Joined:Nov 2011
Message Posted: Jan 16, 2013 9:10:51 PM

Speculation breeds despair.
Jmac2008
Champion Author Missouri

Posts:3,780
Points:1,196,145
Joined:Dec 2008
Message Posted: Jan 16, 2013 9:09:57 PM

and yet prices are not dropping.
mfeldstein
Champion Author Ottawa

Posts:9,722
Points:2,239,355
Joined:Feb 2007
Message Posted: Jan 16, 2013 9:08:14 PM

Good.
CivicMA
Champion Author Boston

Posts:3,563
Points:861,520
Joined:Jun 2011
Message Posted: Jan 16, 2013 9:07:27 PM

No change at the pump!
heartbroken2010
Champion Author Ottawa

Posts:5,985
Points:1,225,055
Joined:Aug 2010
Message Posted: Jan 16, 2013 9:07:23 PM

not reflected in daily gas prices.
jetskijerry
Champion Author North Carolina

Posts:5,533
Points:1,098,820
Joined:Mar 2011
Message Posted: Jan 16, 2013 9:06:42 PM

crooks
N5EXY
Champion Author Austin

Posts:7,161
Points:1,837,345
Joined:Jul 2004
Message Posted: Jan 16, 2013 9:06:32 PM

Bloomberg? Isn't there a big city idiot mayor named something like that?
jetskijerry
Champion Author North Carolina

Posts:5,533
Points:1,098,820
Joined:Mar 2011
Message Posted: Jan 16, 2013 9:06:32 PM

yet they keep raising the price at the pump..
cheaper0ON
Champion Author Ontario

Posts:2,598
Points:724,530
Joined:Jan 2012
Message Posted: Jan 16, 2013 9:04:22 PM

Ok.
carloco75
Champion Author Richmond

Posts:5,395
Points:922,575
Joined:Oct 2010
Message Posted: Jan 16, 2013 9:03:39 PM

And the pump price isn't affected either way...yippie...
NAVYHM
All-Star Author Cleveland

Posts:761
Points:1,430,080
Joined:May 2008
Message Posted: Jan 16, 2013 9:02:39 PM

REALLY...
danreino
Champion Author Twin Cities

Posts:9,635
Points:1,785,605
Joined:Mar 2008
Message Posted: Jan 16, 2013 9:02:23 PM

Barraqh must have not gotten the message this morning ;/
ManOfLeisureII
Champion Author Philadelphia

Posts:3,493
Points:779,365
Joined:Jan 2012
Message Posted: Jan 16, 2013 9:01:56 PM

Meaningless information
CCLighthouse
Champion Author Hartford

Posts:1,508
Points:318,315
Joined:Aug 2012
Message Posted: Jan 16, 2013 8:59:39 PM

Really!
NAVYHM
All-Star Author Cleveland

Posts:761
Points:1,430,080
Joined:May 2008
Message Posted: Jan 16, 2013 8:58:27 PM

GOOD...
Jeeputtputt
Champion Author Ohio

Posts:3,012
Points:680,215
Joined:Aug 2009
Message Posted: Jan 16, 2013 8:54:50 PM

all right
nwsynthetics
Champion Author Oregon

Posts:1,108
Points:434,410
Joined:Dec 2011
Message Posted: Jan 16, 2013 8:52:00 PM

lower the price at the pumps
mstearno
Champion Author Dayton

Posts:9,272
Points:2,028,310
Joined:Jan 2008
Message Posted: Jan 16, 2013 8:49:59 PM

good for us
bvrbill
Champion Author Eugene

Posts:5,788
Points:845,825
Joined:Jul 2011
Message Posted: Jan 16, 2013 8:44:12 PM

It's good that our inventories are rising. However, it does not seem that it is lessening the prices we pay at the pump.
GigHarborHound
Champion Author Tacoma

Posts:4,028
Points:784,385
Joined:Sep 2011
Message Posted: Jan 16, 2013 8:39:39 PM

So?
Math6149
All-Star Author Jacksonville

Posts:918
Points:2,066,785
Joined:Jan 2007
Message Posted: Jan 16, 2013 8:39:37 PM

Keep it lower to help our economy.
TornadoRed
Champion Author Minnesota

Posts:2,256
Points:869,905
Joined:Apr 2005
Message Posted: Jan 16, 2013 8:36:34 PM

It seems as though the general direction for fuel prices is lower. But, the Federal Reserve Bank's policy of printing trillions of dollars could result in commodity prices going higher even with a surplus of oil and other liquid fuels.
snagged
Veteran Author Akron

Posts:446
Points:200,930
Joined:Oct 2012
Message Posted: Jan 16, 2013 8:33:06 PM

I'm not buying no more gas till they pay me to take it off their hands. I think I'll be doing some walking.
J Eric
Champion Author Los Angeles

Posts:11,811
Points:2,359,980
Joined:Feb 2004
Message Posted: Jan 16, 2013 8:31:20 PM

This "World Bank" -- they got regular tellers and such there? Can I, like, make an ATM withdrawal there? I thought not.
charg3rguy1991
Champion Author Greensboro

Posts:1,395
Points:407,200
Joined:Sep 2012
Message Posted: Jan 16, 2013 8:30:49 PM

ok
Titan_62
Champion Author Maryland

Posts:1,920
Points:553,375
Joined:Apr 2011
Message Posted: Jan 16, 2013 8:29:21 PM

Thanks for posting
Cheney
Champion Author Toronto

Posts:2,279
Points:2,805,675
Joined:May 2004
Message Posted: Jan 16, 2013 8:25:09 PM

pity
MotoDad
Champion Author Phoenix

Posts:1,678
Points:1,080,160
Joined:Sep 2006
Message Posted: Jan 16, 2013 8:21:48 PM

no releif insight.
serrog
Champion Author Nova Scotia

Posts:7,211
Points:1,837,885
Joined:Oct 2008
Message Posted: Jan 16, 2013 8:20:10 PM

Big deal
BREW9
Champion Author Tampa

Posts:2,507
Points:3,239,305
Joined:Jun 2004
Message Posted: Jan 16, 2013 8:17:17 PM

keep dropping
Marson
Champion Author Scranton

Posts:10,526
Points:2,394,965
Joined:Oct 2006
Message Posted: Jan 16, 2013 8:17:07 PM

Keep it coming down.
DrLyon
Champion Author Michigan

Posts:7,938
Points:1,517,055
Joined:May 2006
Message Posted: Jan 16, 2013 8:14:51 PM

Go lower...
DCbeachbum
Champion Author South Carolina

Posts:3,190
Points:1,172,925
Joined:May 2010
Message Posted: Jan 16, 2013 8:12:28 PM

Supply and demand do not seem to drive this sector of the Stock Market.
atdinut
Champion Author California

Posts:1,617
Points:364,040
Joined:Apr 2012
Message Posted: Jan 16, 2013 8:10:20 PM

Mixed message?
TxMtb
Champion Author Ohio

Posts:3,082
Points:662,455
Joined:Feb 2012
Message Posted: Jan 16, 2013 8:08:32 PM

They will just cut it off when they want the price to rise.
drz614
Champion Author Harrisburg

Posts:3,948
Points:925,040
Joined:Aug 2011
Message Posted: Jan 16, 2013 8:03:57 PM

crude inventories massive, most areas high gas and distillate prices still exist. exports remain high for both too. hmmmm
BigBlue5
Champion Author Spokane

Posts:1,566
Points:294,590
Joined:Apr 2010
Message Posted: Jan 16, 2013 8:03:54 PM

Dumbo ears in the white house is the only one comfortable.
neptune2008
Champion Author Michigan

Posts:9,733
Points:1,965,780
Joined:Aug 2008
Message Posted: Jan 16, 2013 7:57:57 PM

nobody I know is comfortable
Dragnet
Champion Author Arizona

Posts:17,095
Points:3,221,780
Joined:Jul 2004
Message Posted: Jan 16, 2013 7:57:12 PM

Only one comfortable is the one in the big house in D.C. as he continues to screw over Americans
Post a reply Back to Topics