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GasBuddy News Article

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UPDATE 4-Oil falls towards $117 on slowing growth

Reuters Middle East -- * Investors cautious ahead of Italy's election

* Technical charts point to fall in oil prices

* U.S. oil inventories data delayed to Wed, Thurs

(Recasts with new detail, comment; paragraphs 1-7, 13)

LONDON, Feb 19 (Reuters) - Brent crude oil slipped towards

$117 per barrel on Tuesday, falling for a third session in a row

on signs of lacklustre European growth and easing geopolitical

tensions.

Oil prices rose strongly during the first six weeks of the

year, but peaked more than a week ago and have since

consolidated as investors have reassessed the prospects for

global growth and potential worries over oil supply.

Forecasts for a slowdown in France's GDP growth in 2013 and

elections in Italy have added to uncertainty on the euro zone

outlook, curbin


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Submitted Feb 19, 2013 By: WxVette
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: UPDATE 4-Oil falls towards $117 on slowing growth Back to Topics
REPLIES (newest first) Post a Reply
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JMW1942
Champion Author Michigan

Posts:2,932
Points:972,160
Joined:Feb 2012
Message Posted: Feb 20, 2013 8:04:44 AM

If wholesale prices in a given area between dealers is only 2 or 3 cents, look at all the stations that are ripping us off.
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goldrose1
Champion Author Cleveland

Posts:13,529
Points:2,499,950
Joined:Feb 2005
Message Posted: Feb 20, 2013 1:47:34 AM

Actually saw a price drop 2 cents tonight. Nice to see that happen more.
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SkooterG
Champion Author Phoenix

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Points:878,425
Joined:May 2012
Message Posted: Feb 19, 2013 11:35:25 PM

What does all this info matter? Prices continue to skyrocket!
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wshokie12
Champion Author Winston-Salem

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Message Posted: Feb 19, 2013 9:30:46 PM

Ok.
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boatfloyd
Champion Author Jacksonville

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Message Posted: Feb 19, 2013 9:19:19 PM

Gas is going up, whatever the price oil is.
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silverfoxv65
Champion Author Michigan

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Message Posted: Feb 19, 2013 9:16:09 PM

Slowing growth, witch is it, picking up or slowing down.
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1fulltank
Champion Author Buffalo

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Message Posted: Feb 19, 2013 9:15:17 PM

"...slipped toward..." . More like "inched".
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bluebird1
Champion Author Toronto

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Message Posted: Feb 19, 2013 9:13:57 PM

Crude up or down...gas prices rise --- go figure!!!
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Bill100
Champion Author Grand Rapids

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Message Posted: Feb 19, 2013 9:13:24 PM

Prices will have to fall when nobody can afford to buy gas. It's just too hard to get blood out of a rock.
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ClassicWheeler
Champion Author Montgomery

Posts:3,151
Points:905,325
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Message Posted: Feb 19, 2013 9:13:10 PM

It is going down, but not the prices. Don't you get it!
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CCLighthouse
Champion Author Hartford

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Points:318,315
Joined:Aug 2012
Message Posted: Feb 19, 2013 9:13:03 PM

We shouldn't have to worry about any of this. We are sitting on one of the largest fields of oil in the world. Who's steering this ship anyway......? ; (
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Ray_10589
Champion Author New York

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Message Posted: Feb 19, 2013 9:09:27 PM

too too High
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N5EXY
Champion Author Austin

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Message Posted: Feb 19, 2013 9:09:06 PM

I still like my Marauder. I will just drive less and enjoy it more.
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obimerrill
Champion Author Cincinnati

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Message Posted: Feb 19, 2013 9:06:39 PM

Hope gas goes down with oil prices...
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arb0526
Champion Author Greensboro

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Message Posted: Feb 19, 2013 9:04:29 PM

Oil execs driving big vehicles and we drive (if it's still running) our 4 cylinder, held together by bailing wire and other odd items, "car"

[Edited by: arb0526 at 2/20/2013 12:05:08 AM EST]
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mlmeng
Champion Author Michigan

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Message Posted: Feb 19, 2013 9:03:56 PM

Gas prices are already too high and are going up.
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AnObserver
Champion Author New Jersey

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Message Posted: Feb 19, 2013 9:03:53 PM

Over priced
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yyc2yow
Champion Author Ottawa

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Message Posted: Feb 19, 2013 9:01:28 PM

way to much $$$$
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DustyHorse
Champion Author Virginia

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Message Posted: Feb 19, 2013 9:00:03 PM

Oil is way overpriced.
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CCLighthouse
Champion Author Hartford

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Points:318,315
Joined:Aug 2012
Message Posted: Feb 19, 2013 8:59:03 PM

We shouldn't have to worry about any of this. We are sitting on one of the largest fields of oil in the world. Who's steering this ship anyway......? ; (
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bonzoonfmb
Champion Author Florida

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Message Posted: Feb 19, 2013 8:58:02 PM

Gas prices are too high.
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libertyut
Champion Author Utah

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Message Posted: Feb 19, 2013 8:57:49 PM

Bla Bla Bla
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Vette1967
Champion Author Albany

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Message Posted: Feb 19, 2013 8:57:40 PM

Going to use less.
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DrCashFlow
Champion Author Massachusetts

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Message Posted: Feb 19, 2013 8:57:04 PM

Oil upside limited by increased likelihood of causing recessions worldwide and leadingvto decreased demand
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Buddy2264
Champion Author Tampa

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Message Posted: Feb 19, 2013 8:55:42 PM

Princes are not going to fall as we continue to export refined fuels from US oil and imports for the profits. Our only way out now is an alternative or hybrid and not using oil.
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FlyNFool
Champion Author South Carolina

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Message Posted: Feb 19, 2013 8:51:49 PM

What?
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pastorpaulcg
Champion Author Virginia

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Message Posted: Feb 19, 2013 8:50:39 PM

hahahahaha
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jackster111
Champion Author North Carolina

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Message Posted: Feb 19, 2013 8:48:44 PM

okay
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milespergallon
Champion Author Illinois

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Message Posted: Feb 19, 2013 8:48:19 PM

Slowing growth??????????????
Economy upswing?????????????????
Economic growth??????????????????
B u l l E x c r e m e n t!!!!!!!!!!!!!!!!!!!!!!!!!
B o v i n e D r o p p i n g s!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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WIWalt
Champion Author Wisconsin

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Message Posted: Feb 19, 2013 8:47:10 PM

Just like candy bars, the package is the same size but the bar inside is smaller. Big oil is paying less for barrel & charging us more per gallon
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Tucker16
Champion Author Ottawa

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Message Posted: Feb 19, 2013 8:43:10 PM

Keep falling!
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Brucevanf
Champion Author New Brunswick

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Message Posted: Feb 19, 2013 8:41:12 PM

Everyone is conserving because of the cost.
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medic319
All-Star Author Akron

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Message Posted: Feb 19, 2013 8:37:46 PM

The slower growth is because of high oil prices.
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geoutpb
Champion Author Midland Odessa

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Message Posted: Feb 19, 2013 8:34:31 PM

Oil prices need to go higher baby needs new shoes.
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chvytruk
All-Star Author Kentucky

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Message Posted: Feb 19, 2013 8:31:21 PM

It has been proven repeatedly over the last several months/years that the pump price is totally upwardly independent, irrespective of how low the price of a barrel of crude may fall.
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wayoung56
Champion Author Alabama

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Message Posted: Feb 19, 2013 8:28:09 PM

Very confusing and doesn't seem to matter very much with all the profit taking going on...
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SpankyMI
Champion Author Kalamazoo

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Message Posted: Feb 19, 2013 8:26:31 PM

Was it not reported last week that the prices of crude was $97? I'm confused.
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cifuentesab
Champion Author Sacramento

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Message Posted: Feb 19, 2013 8:25:18 PM

whatever
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badharley
Champion Author Tampa

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Message Posted: Feb 19, 2013 8:24:59 PM

Just GREED
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PissedATthePump
All-Star Author Pennsylvania

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Message Posted: Feb 19, 2013 8:22:11 PM

More BS
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Brunduski
All-Star Author Missouri

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Message Posted: Feb 19, 2013 8:21:19 PM

How can oil be falling with such a robust, recovering economy that we have. At least that is what Obama keeps saying. Things sure look rosey when your wearing rose colored glasses.
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bojiway1
Champion Author Minnesota

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Message Posted: Feb 19, 2013 8:20:35 PM

Jumping every day
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12mpgnavigator
Champion Author Seattle

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Message Posted: Feb 19, 2013 8:20:29 PM

same story, different day
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BlewettCA
Veteran Author California

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Message Posted: Feb 19, 2013 8:20:07 PM

bla bla bla
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BREW9
Champion Author Tampa

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Message Posted: Feb 19, 2013 8:16:40 PM

climbing everyday
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drz614
Champion Author Harrisburg

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Message Posted: Feb 19, 2013 8:14:12 PM

bigdipperMS: rotflmao, sorry. I mean obummer won the election too. You are using the common sense approach.


[Edited by: drz614 at 2/19/2013 11:16:32 PM EST]
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bigdipperMS
Champion Author Mississippi

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Message Posted: Feb 19, 2013 8:12:36 PM

Should not gasoline prices start to drop instead of the increases we are seeing?
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us4usa
Champion Author Missouri

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Message Posted: Feb 19, 2013 8:11:00 PM

High prices will always slow growth...
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texasvet
Champion Author Texas

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Joined:Jul 2009
Message Posted: Feb 19, 2013 8:08:07 PM

More pipeline capacity between Cushing and the coast should help bring down Brent and help close the gap with WTI. Of course Keystone XL would have helped too, if it hadn't been blocked for years.
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DrLyon
Champion Author Michigan

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Message Posted: Feb 19, 2013 8:05:25 PM

Fall more...
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