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OIL FUTURES: Crude Ends Down; Brent Hit by Oil Release Talks Read more: http://www.foxbusiness.com/

Fox Business -- U.S. benchmark crude oil futures settled slightly weaker Friday, capping turbulent trading with a wary outlook on whether a brewing storm will pose a threat to key U.S. Gulf Coast oil production and refining operations.
Meantime, prices of ICE North Sea Brent crude, the widely traded European benchmark, dropped more than 1% on increased talk about the potential for a release of emergency consumer-held oil reserves in response to stubbornly high oil prices.
Maria Van Der Hoeven, the executive director of the International Energy Agency, which coordinates energy policies and management of emergency stockpiles for the major industrial nations, said a week ago there was "no reason" to tap the strategic reserves, given current market conditions.
But Brent prices hit the skids late Friday on a r

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Submitted Aug 25, 2012 By: comprof

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Author	Topic: OIL FUTURES: Crude Ends Down; Brent Hit by Oil Release Talks Read more: http://www.foxbusiness.com/	Post a Reply Back to Topics

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WalRus49 Champion Author Boston Posts:4,215 Points:896,565 Joined:Nov 2010	Message Posted: Aug 26, 2012 7:07:32 AM Ignore WalRus49 Report Abuse More organized mayhem and pillage..............
clermont40miles Champion Author Cincinnati Posts:10,754 Points:1,800,345 Joined:Apr 2008	Message Posted: Aug 25, 2012 11:29:47 PM Ignore clermont40miles Report Abuse Such talk is silly. The echo chamber keeps rattling around. Who is it that makes the first shout? WTI is what matters, not Brent. Supply and demand pales in comparison to speculator greed and clout. Change that and we will get somewhere. Otherwise past is prologue.
Rhino8of8 Champion Author Wisconsin Posts:1,346 Points:400,515 Joined:Jan 2012	Message Posted: Aug 25, 2012 11:14:13 PM Ignore Rhino8of8 Report Abuse Who benefits if the reserves are released and the prices don't go down? The gov't releasing the reserves, or the speculators?
walkingtall Champion Author Toronto Posts:4,138 Points:1,149,360 Joined:Nov 2004	Message Posted: Aug 25, 2012 11:08:47 PM Ignore walkingtall Report Abuse Crude ends down;brent hit by oil release talks and hurricanes will send prices back up.
netman044 Champion Author Texas Posts:6,848 Points:1,306,875 Joined:Sep 2005	Message Posted: Aug 25, 2012 11:00:41 PM Ignore netman044 Report Abuse Hurricane will send them back up
MDTDriver Champion Author California Posts:9,848 Points:2,181,650 Joined:Jul 2006	Message Posted: Aug 25, 2012 10:59:15 PM Ignore MDTDriver Report Abuse The new storms will change that really FAST!
letmathe Champion Author Chicago Posts:14,449 Points:3,159,570 Joined:May 2001	Message Posted: Aug 25, 2012 10:55:21 PM Ignore letmathe Report Abuse ok
v8gazguzler Champion Author Ottawa Posts:6,153 Points:911,935 Joined:Sep 2008	Message Posted: Aug 25, 2012 10:46:40 PM Ignore v8gazguzler Report Abuse whatever!
truckguy115 Champion Author Orange County Posts:1,636 Points:222,005 Joined:Apr 2008	Message Posted: Aug 25, 2012 10:45:48 PM Ignore truckguy115 Report Abuse wont last. it will go up again.
30mpg80 Champion Author Lexington Posts:10,265 Points:1,514,580 Joined:Nov 2008	Message Posted: Aug 25, 2012 10:42:51 PM Ignore 30mpg80 Report Abuse Oh those speculators! They are so entertaining, as they reach into our pockets and steal millions of dollars!
jdc17327 Champion Author Pennsylvania Posts:2,582 Points:199,730 Joined:May 2009	Message Posted: Aug 25, 2012 10:41:38 PM Ignore jdc17327 Report Abuse okay
DEG Champion Author Las Vegas Posts:17,745 Points:3,519,480 Joined:Jul 2003	Message Posted: Aug 25, 2012 10:38:30 PM Ignore DEG Report Abuse Big Oil and Big Government trying to manipulate the markets.
iagdboy Champion Author Albany Posts:1,296 Points:523,355 Joined:Jun 2011	Message Posted: Aug 25, 2012 9:55:41 PM Ignore iagdboy Report Abuse nothing new
FunMyster All-Star Author Indiana Posts:909 Points:73,480 Joined:Jul 2011	Message Posted: Aug 25, 2012 7:27:43 PM Ignore FunMyster Report Abuse ok
goldrose1 Champion Author Cleveland Posts:11,071 Points:1,949,605 Joined:Feb 2005	Message Posted: Aug 25, 2012 1:28:26 PM Ignore goldrose1 Report Abuse k
abacus44 Champion Author Toms River Posts:3,605 Points:774,015 Joined:Jan 2011	Message Posted: Aug 25, 2012 12:42:33 PM Ignore abacus44 Report Abuse OK
jeskibuff Champion Author Tampa Posts:8,039 Points:1,475,835 Joined:May 2004	Message Posted: Aug 25, 2012 12:31:34 PM Ignore jeskibuff Report Abuse ramshot412 said: "Ever since BIG OIL ( PIG OIL ) started exporting large quantities of refined gasoline elsewhere, they have been artificially controlling supply. Please thank BIG OIL, their Republican defenders and Abdul by voting your Republican politicians out in November." Oh, what a crock! You libs will come up with anything to take the attention away from your grand failure of a president. Large quantities of gas get exported elsewhere simply because people elsewhere are willing to pay a higher price for it. It would be absolutely stupid (a.k.a. "liberalthink") to sell a commodity locally for below-market value IF you wanted to stay in business and make a profit. As for Republican defenders of Big Oil, all you need do is see who raked in some of the highest contributions from oil companies. Here's a hint: his name is OBOZO! As far as "Abdul" being in bed with the Republicans, just remember that it was Obozo who went around the Middle East, apologizing to and bowing to the Arab world, slighting Israel in the process. Also remember during the last election that Obozo got an endorsement from that wonderful terrorist organization, Hamas. In other words, you're batting zero!
mageetp Champion Author British Columbia Posts:3,350 Points:654,410 Joined:Aug 2011	Message Posted: Aug 25, 2012 12:15:47 PM Ignore mageetp Report Abuse More spin.
paulydel Champion Author Delaware Posts:8,895 Points:859,015 Joined:Jan 2008	Message Posted: Aug 25, 2012 12:12:03 PM Ignore paulydel Report Abuse Greed is at work at full force.
bullfrog69 Champion Author Texas Posts:2,304 Points:850,760 Joined:Nov 2009	Message Posted: Aug 25, 2012 12:07:10 PM Ignore bullfrog69 Report Abuse And what did Gasoline do? It closed down yesterday as well, but not low enough, at 3.07 on the market , however that could have changed in after market trades! will not show up at the pump till next week! Still over charging at the pumps , just enough to make extra profits and not to call gouaging! Bunch of oil company crooks!
katmandue Champion Author Detroit Posts:8,211 Points:2,161,820 Joined:Jul 2006	Message Posted: Aug 25, 2012 12:05:01 PM Ignore katmandue Report Abuse And gas prices go up'
vjs3 Champion Author Denver Posts:2,682 Points:677,615 Joined:Jun 2011	Message Posted: Aug 25, 2012 12:04:00 PM Ignore vjs3 Report Abuse Interesting how something so ancient can all of a sudden get stale. If it does indeed change over time in (man made) storage, why not find a better way to contain it?
carpenter4u Champion Author Virginia Posts:2,476 Points:638,770 Joined:Jul 2011	Message Posted: Aug 25, 2012 12:03:21 PM Ignore carpenter4u Report Abuse Oil prices can make you wealthy or poor
letterchunker Champion Author Texas Posts:2,335 Points:683,150 Joined:Aug 2008	Message Posted: Aug 25, 2012 12:03:00 PM Ignore letterchunker Report Abuse Remedy: Line up all speculators in fromt of a firing squad with only one live round and all others blanks aimed at their privates. Anytime they get out of order they face the firing squad. Maybe that would keep them under control or out of business.
NanookAK Champion Author Anchorage Posts:7,419 Points:1,468,715 Joined:Nov 2007	Message Posted: Aug 25, 2012 12:00:52 PM Ignore NanookAK Report Abuse Future of oil is higher prices.
studebaker1940 Champion Author Tampa Posts:2,653 Points:713,280 Joined:Mar 2011	Message Posted: Aug 25, 2012 12:00:27 PM Ignore studebaker1940 Report Abuse Somebody posted that oil gets stale. How does that happen. It's been in the ground for 1000's of years before it is discovered, pumped out and transported to a storage facility. All of a sudden its going to go stale?????? And it isn't as if exposure to the atmosphere would play any part. There is air trapped with it under the surface of the earth. [Edited by: studebaker1940 at 8/25/2012 12:03:41 PM EST]
hptd All-Star Author North Carolina Posts:988 Points:523,275 Joined:May 2007	Message Posted: Aug 25, 2012 11:59:44 AM Ignore hptd Report Abuse ko
BeanoLI All-Star Author Long Island Posts:558 Points:747,725 Joined:Sep 2010	Message Posted: Aug 25, 2012 11:59:09 AM Ignore BeanoLI Report Abuse Big Oil will still get richer.
ramshot412 Champion Author Riverside Posts:20,279 Points:2,491,565 Joined:Apr 2004	Message Posted: Aug 25, 2012 11:59:05 AM Ignore ramshot412 Report Abuse Ever since BIG OIL ( PIG OIL ) started exporting large quantities of refined gasoline elsewhere, they have been artificially controlling supply. Please thank BIG OIL, their Republican defenders and Abdul by voting your Republican politicians out in November.
dynamouse Champion Author Michigan Posts:4,584 Points:1,764,875 Joined:Dec 2006	Message Posted: Aug 25, 2012 11:58:17 AM Ignore dynamouse Report Abuse BS REMEMBER obama WANTS GAS AT $5-6 A GAL
ramshot412 Champion Author Riverside Posts:20,279 Points:2,491,565 Joined:Apr 2004	Message Posted: Aug 25, 2012 11:58:09 AM Ignore ramshot412 Report Abuse Crude oil does NOT "get stale"!!!
LQQKGAS Champion Author Phoenix Posts:2,770 Points:1,222,675 Joined:Oct 2009	Message Posted: Aug 25, 2012 11:55:56 AM Ignore LQQKGAS Report Abuse When a person is as UNSTABLE as todays gas prices, the are put in an insane asylum.
bginsj Champion Author San Jose Posts:1,963 Points:1,260,610 Joined:May 2009	Message Posted: Aug 25, 2012 11:54:43 AM Ignore bginsj Report Abuse and yet oil companies are still making record profits!!
BeatOPEC All-Star Author Indianapolis Posts:870 Points:200,345 Joined:Apr 2011	Message Posted: Aug 25, 2012 11:52:25 AM Ignore BeatOPEC Report Abuse And still the gas prices will rise.
rev342 Veteran Author Florida Posts:484 Points:274,630 Joined:Apr 2012	Message Posted: Aug 25, 2012 11:51:03 AM Ignore rev342 Report Abuse I hate it when the gas price roller coster goes up.
Elaine4411 Champion Author Pennsylvania Posts:1,790 Points:491,205 Joined:Dec 2011	Message Posted: Aug 25, 2012 11:49:38 AM Ignore Elaine4411 Report Abuse And...the prices will still keep climbing!!!
mrservonics Champion Author Boston Posts:2,869 Points:1,381,105 Joined:May 2005	Message Posted: Aug 25, 2012 11:48:59 AM Ignore mrservonics Report Abuse If you have them smoke them!
jackster111 Champion Author North Carolina Posts:3,537 Points:453,035 Joined:Feb 2012	Message Posted: Aug 25, 2012 11:48:48 AM Ignore jackster111 Report Abuse Still rising no drop here.
donny47 Champion Author New Hampshire Posts:2,766 Points:1,007,290 Joined:Feb 2009	Message Posted: Aug 25, 2012 11:48:09 AM Ignore donny47 Report Abuse crude is still high!
dlzastera Champion Author Minnesota Posts:4,645 Points:1,050,670 Joined:Mar 2006	Message Posted: Aug 25, 2012 11:48:05 AM Ignore dlzastera Report Abuse Issac will change it all.
JCS Champion Author Twin Cities Posts:4,148 Points:1,339,595 Joined:Apr 2002	Message Posted: Aug 25, 2012 11:48:03 AM Ignore JCS Report Abuse yada yada yada
caddilac Champion Author Ontario Posts:16,754 Points:2,167,405 Joined:Apr 2007	Message Posted: Aug 25, 2012 11:47:51 AM Ignore caddilac Report Abuse That TS has already got speculators jacking up the price of gasoline.
I10Express Champion Author San Antonio Posts:8,811 Points:1,667,670 Joined:Nov 2008	Message Posted: Aug 25, 2012 11:47:05 AM Ignore I10Express Report Abuse Speculators taking profits and getting ready for the next round of screwing the consumer.
Mikeyl Champion Author Cleveland Posts:5,302 Points:1,211,595 Joined:Aug 2004	Message Posted: Aug 25, 2012 11:46:58 AM Ignore Mikeyl Report Abuse The strategic reserves are a waste of money. OK, it someone would attack the US and WW3 starts, then it's a good idea. But, oil in and oil out (oil gets stale, so it doesn't sit in the reserve tanks forever... it is always being pumped in, resold, pumped out, then new oil comes in. Someone is making money from this process, but it isn't the American taxpayer.
snappytom2 Champion Author Corpus Christi Posts:3,639 Points:279,280 Joined:Jul 2008	Message Posted: Aug 25, 2012 11:46:25 AM Ignore snappytom2 Report Abuse So?
JoeKR Champion Author New Jersey Posts:9,609 Points:1,761,815 Joined:Feb 2006	Message Posted: Aug 25, 2012 11:42:05 AM Ignore JoeKR Report Abuse Maybe the release of some strategic reserves would drive some speculators to the poor house.
sljbc475 Champion Author Tucson Posts:4,360 Points:900,075 Joined:Dec 2010	Message Posted: Aug 25, 2012 11:41:59 AM Ignore sljbc475 Report Abuse Let the oil prices fall again.
oldiesman Champion Author New York Posts:6,566 Points:2,221,590 Joined:May 2006	Message Posted: Aug 25, 2012 11:41:06 AM Ignore oldiesman Report Abuse Rockefeller runs it all?
diabloMN Veteran Author Twin Cities Posts:349 Points:210,310 Joined:Apr 2011	Message Posted: Aug 25, 2012 11:40:00 AM Ignore diabloMN Report Abuse ok
cheapertvs Champion Author Richmond Posts:10,430 Points:2,769,420 Joined:Jan 2004	Message Posted: Aug 25, 2012 11:39:51 AM Ignore cheapertvs Report Abuse Ever since BIG OIL ( PIG OIL ) started exporting large quantities of refined gasoline elsewhere, they have been artificially controlling supply. Please thank BIG OIL, their Republican defenders and Abdul by voting your Republican politicians out in November.