GasBuddy Blog

Message Forum - Read Message

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: Crude Oil Futures Fall as Spain Cut Renews Demand Concern	Post a Reply Back to Topics

HYEgasCA Champion Author Fresno Posts:2,126 Points:933,975 Joined:Dec 2008	Message Posted: Apr 27, 2012 12:59:47 PM Ignore HYEgasCA Report Abuse Oil fell from the highest level in almost four weeks in New York, trimming a second weekly gain, after a cut in Spain’s credit rating renewed concern that Europe’s faltering economy may curb fuel demand. Futures slipped as much as 0.8 percent after New York-based Standard & Poor’s reduced Spain’s rating to BBB+ from A and said the nation may have to provide fiscal support to the banking sector as the economy contracts. Prices also dropped after reaching technical resistance. West Texas Intermediate crude may decline next week after economic confidence in the euro-region fell and the U.S. economy grew less than forecast, a Bloomberg News survey showed. Visit Bloomberg for full article

HYEgasCA

Champion Author
Fresno

Posts:2,126
Points:933,975
Joined:Dec 2008

Message Posted: Apr 27, 2012 12:59:47 PM

Ignore HYEgasCA Report Abuse

Oil fell from the highest level in almost four weeks in New York, trimming a second weekly gain, after a cut in Spain’s credit rating renewed concern that Europe’s faltering economy may curb fuel demand.

Futures slipped as much as 0.8 percent after New York-based Standard & Poor’s reduced Spain’s rating to BBB+ from A and said the nation may have to provide fiscal support to the banking sector as the economy contracts. Prices also dropped after reaching technical resistance. West Texas Intermediate crude may decline next week after economic confidence in the euro-region fell and the U.S. economy grew less than forecast, a Bloomberg News survey showed.

Visit Bloomberg for full article

REPLIES (newest first)Ignore Short Messages

52MPG Champion Author Dayton Posts:7,397 Points:1,768,430 Joined:Apr 2006	Message Posted: Apr 30, 2012 2:29:48 AM Ignore 52MPG Report Abuse High oil prices lower the economy.
investmentdr Champion Author Cleveland Posts:4,122 Points:1,479,935 Joined:Sep 2008	Message Posted: Apr 28, 2012 8:07:33 AM Ignore investmentdr Report Abuse fallin fallin fallin
WalRus49 Champion Author Boston Posts:4,210 Points:895,590 Joined:Nov 2010	Message Posted: Apr 28, 2012 2:07:46 AM Ignore WalRus49 Report Abuse More organized mayhem and pillage...............
Jeff4U Champion Author Atlanta Posts:8,890 Points:1,879,830 Joined:Nov 2004	Message Posted: Apr 28, 2012 1:11:42 AM Ignore Jeff4U Report Abuse This certainly isn't true! Crude settled at $104.81, the highest in several weeks. Fortunately, wholesale unleaded gasoline is holding at $3.14 per gallon. Natural gas gained nearly 25¢ or 12.5% within a mere 3 days.
amerk73 Champion Author Dallas Posts:7,185 Points:1,647,805 Joined:Oct 2008	Message Posted: Apr 27, 2012 11:58:49 PM Ignore amerk73 Report Abuse still too high
hubie24 Veteran Author Michigan Posts:315 Points:204,380 Joined:Jul 2010	Message Posted: Apr 27, 2012 10:08:03 PM Ignore hubie24 Report Abuse Probably fell from the high.
toadNY Champion Author Albany Posts:7,188 Points:1,540,850 Joined:Apr 2008	Message Posted: Apr 27, 2012 7:45:37 PM Ignore toadNY Report Abuse Oil fell? [Edited by: toadNY at 4/27/2012 7:45:47 PM EST]
VomVom Champion Author Calgary Posts:3,863 Points:1,647,725 Joined:May 2007	Message Posted: Apr 27, 2012 7:41:22 PM Ignore VomVom Report Abuse Tomorrow it will rise as a different analyst feels good about himself!!
doggod Champion Author Anchorage Posts:2,983 Points:768,085 Joined:May 2009	Message Posted: Apr 27, 2012 5:53:39 PM Ignore doggod Report Abuse The whole eurozone is toast. It's just a matter of time while we wait for all the sick chickens to come home to roost. It won't be the end of the world; actually, it'll be a good thing in the long run, injecting reality back into the fantasyland created by the European technocrats. With the deadbeats cut off from their source of largesse, working people can get back to work and start creating wealth over there again.
dh0770 Champion Author Colorado Posts:6,987 Points:672,460 Joined:Jun 2011	Message Posted: Apr 27, 2012 5:34:45 PM Ignore dh0770 Report Abuse Crock of lies!
eomc17 Champion Author Tucson Posts:1,840 Points:135,330 Joined:Mar 2007	Message Posted: Apr 27, 2012 5:13:39 PM Ignore eomc17 Report Abuse Crude oil futures are going UP, not down, are near 105$ today
Lugi1967 Champion Author Ohio Posts:4,916 Points:1,028,685 Joined:Jun 2010	Message Posted: Apr 27, 2012 5:04:15 PM Ignore Lugi1967 Report Abuse Up and down
dorisntx Champion Author Fort Worth Posts:2,079 Points:665,005 Joined:Apr 2011	Message Posted: Apr 27, 2012 4:17:31 PM Ignore dorisntx Report Abuse Is this a good thing?? It's all so confusing to me anymore...
ktbaeohana Champion Author Las Vegas Posts:2,412 Points:442,125 Joined:Mar 2010	Message Posted: Apr 27, 2012 3:45:29 PM Ignore ktbaeohana Report Abuse watch and see.
imcheep Champion Author New Mexico Posts:2,599 Points:670,455 Joined:Apr 2005	Message Posted: Apr 27, 2012 3:39:03 PM Ignore imcheep Report Abuse US in a couple if Obama is reelected.
LEGION57 Champion Author South Carolina Posts:1,676 Points:283,110 Joined:Mar 2011	Message Posted: Apr 27, 2012 2:32:45 PM Ignore LEGION57 Report Abuse Europe is doomed. Spain is down the drain.
humblepie Champion Author Toledo Posts:35,301 Points:2,398,095 Joined:Mar 2006	Message Posted: Apr 27, 2012 2:24:09 PM Ignore humblepie Report Abuse obamanomics in europe ?