Nebraska Classifieds

GasBuddy News Article

votes

NYMEX-Crude choppy, dips on China inflation worry

Reuters -- * China inflation sparks concern about monetary tightening * Dollar edges up vs euro, usually bearish for crude NEW YORK, March 11 (Reuters) - U.S. crude oil futures
seesawed on Thursday after being weighed down early by fears
monetary tightening in China will slow growth there and a
stronger dollar. "I think the China news is weighing on the market because
the high CPI is stoking fears of tightening," said Stephen
Schork, president at the Schork Group in Villanova,
Pennsylvania.

Read the Full Article

Submitted Mar 11, 2010 By: harrythegasguy

Back To News

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

Author	Topic: NYMEX-Crude choppy, dips on China inflation worry	Post a Reply Back to Topics

REPLIES (newest first)

First

Next Last

Night Owl Champion Author Toronto Posts:5,265 Points:1,333,725 Joined:Jul 2004	Message Posted: Mar 11, 2010 12:45:32 PM Ignore Night Owl Report Abuse Oil prices are still far too high.
CDT206 Veteran Author Atlanta Posts:358 Points:458,350 Joined:May 2005	Message Posted: Mar 11, 2010 12:24:09 PM Ignore CDT206 Report Abuse China already owns most of the US and it's debt. This tightening could be trouble for the US.
harrythegasguy Rookie Author Milwaukee Posts:57 Points:334,320 Joined:Jun 2007	Message Posted: Mar 11, 2010 12:08:36 PM Ignore harrythegasguy Report Abuse $3 gasoline not far!!!
cuspid All-Star Author Michigan Posts:570 Points:396,205 Joined:Jun 2008	Message Posted: Mar 11, 2010 12:04:14 PM Ignore cuspid Report Abuse I dont trust the chinese,the country has become westernized in making money, and they are.
PithyOpiner Champion Author Stockton Posts:12,310 Points:1,172,725 Joined:Jun 2008	Message Posted: Mar 11, 2010 12:03:43 PM Ignore PithyOpiner Report Abuse Now we have to worry about China's economy, too?
jimgraham Champion Author Akron Posts:7,965 Points:1,514,020 Joined:Oct 2007	Message Posted: Mar 11, 2010 12:02:17 PM Ignore jimgraham Report Abuse And another "reason" for ??????
aldog365 Champion Author Nashville Posts:3,150 Points:1,559,710 Joined:Aug 2005	Message Posted: Mar 11, 2010 11:57:55 AM Ignore aldog365 Report Abuse I agree Jeff4u.It could not be better said.
JoeKR Champion Author New Jersey Posts:7,248 Points:1,415,790 Joined:Feb 2006	Message Posted: Mar 11, 2010 11:57:09 AM Ignore JoeKR Report Abuse The bulls will find a new reason tomorrow.
Blackice Champion Author Twin Cities Posts:4,015 Points:1,031,245 Joined:Oct 2003	Message Posted: Mar 11, 2010 11:54:13 AM Ignore Blackice Report Abuse LOL...Jeff4U, you got that right!
CISA Champion Author Orange County Posts:4,450 Points:1,102,475 Joined:Dec 2006	Message Posted: Mar 11, 2010 11:51:33 AM Ignore CISA Report Abuse Growth = higher prices = lower unemployment = higher dollar (USD) sounds good to me!
Jeff4U Champion Author Atlanta Posts:5,966 Points:1,385,670 Joined:Nov 2004	Message Posted: Mar 11, 2010 11:50:01 AM Ignore Jeff4U Report Abuse Bearish news affects the price of crude: 2% Bullish news affects the price of crude: 98%
mazdaboy Champion Author Portland Posts:5,553 Points:1,636,230 Joined:Aug 2003	Message Posted: Mar 11, 2010 11:46:13 AM Ignore mazdaboy Report Abuse Oil prices will go up anyways.
alanhan Veteran Author Atlanta Posts:311 Points:759,715 Joined:Aug 2008	Message Posted: Mar 11, 2010 11:43:56 AM Ignore alanhan Report Abuse Which American Gas Company will be the first to be at $3.00/gal.???
Rick52 Champion Author Milwaukee Posts:9,422 Points:738,335 Joined:Mar 2005	Message Posted: Mar 11, 2010 11:41:47 AM Ignore Rick52 Report Abuse To all you Alternative Energy criers !!!!! Think !! Who has the money to buy up Alternative Energy ???? Big Oil.. You will be bowing to them once again!!!!!
Lengas Champion Author Gary Posts:11,079 Points:2,251,625 Joined:Nov 2004	Message Posted: Mar 11, 2010 11:32:35 AM Ignore Lengas Report Abuse Driving the price of gas up up up
GoBlazers Champion Author Washington Posts:5,177 Points:654,175 Joined:Dec 2008	Message Posted: Mar 11, 2010 11:29:57 AM Ignore GoBlazers Report Abuse Uhhhhh huh.
ChuckGVT Champion Author Vermont Posts:4,373 Points:1,227,995 Joined:Apr 2008	Message Posted: Mar 11, 2010 11:29:50 AM Ignore ChuckGVT Report Abuse All speculation.
Bud122CA Champion Author California Posts:5,218 Points:1,146,935 Joined:Jul 2008	Message Posted: Mar 11, 2010 11:29:19 AM Ignore Bud122CA Report Abuse China owns the USA. Think about it. $800,000,000,000. for a "loan". They don't care as we can do nothing about it.
abcdMA Champion Author Worcester Posts:5,624 Points:1,115,325 Joined:Nov 2008	Message Posted: Mar 11, 2010 11:28:43 AM Ignore abcdMA Report Abuse the China syndrome
Ticoman54 Champion Author Miami Posts:4,945 Points:1,057,100 Joined:Oct 2008	Message Posted: Mar 11, 2010 11:26:14 AM Ignore Ticoman54 Report Abuse So why doesn't this news reduce the price of crude, especially with a stronger dollar?
nehemiah Champion Author Portland Posts:3,041 Points:552,540 Joined:Jul 2007	Message Posted: Mar 11, 2010 11:22:08 AM Ignore nehemiah Report Abuse another reason to invest in alternative energy sources now
myambro Champion Author Sacramento Posts:2,101 Points:660,765 Joined:Mar 2005	Message Posted: Mar 11, 2010 11:19:23 AM Ignore myambro Report Abuse i agree with ElCap, but it is our politicians (Leaders?!!) that allow this while lining their pockets with Chinese money.
threewheeler Champion Author Seattle Posts:2,377 Points:318,330 Joined:Jun 2008	Message Posted: Mar 11, 2010 11:16:28 AM Ignore threewheeler Report Abuse Conserve
RAC110 Champion Author Massachusetts Posts:3,990 Points:1,473,600 Joined:Mar 2003	Message Posted: Mar 11, 2010 11:07:42 AM Ignore RAC110 Report Abuse oil prices are always wavy and move on whims and fears it seems
PhilMils Champion Author Virginia Posts:4,846 Points:948,785 Joined:Dec 2008	Message Posted: Mar 11, 2010 11:02:34 AM Ignore PhilMils Report Abuse They've been asked to devalue their currency to strengthen their economy. They've refused since it would hurt their economy for a brief period. Something has to break. If it breaks too hard, they take other countries with them.
uglytom Champion Author Florida Posts:5,678 Points:1,188,960 Joined:Jul 2007	Message Posted: Mar 11, 2010 11:01:50 AM Ignore uglytom Report Abuse I hope the speculators get caught good!!!!
scoop2008 Veteran Author Ontario Posts:259 Points:299,015 Joined:Mar 2008	Message Posted: Mar 11, 2010 11:01:03 AM Ignore scoop2008 Report Abuse Gas in southern Ontario jumped 10 cents a liter and gas in Northern Ontario is 10 cents a liter cheaper, go figure??????
eddmac Champion Author Washington Posts:5,526 Points:1,234,975 Joined:May 2006	Message Posted: Mar 11, 2010 11:00:04 AM Ignore eddmac Report Abuse ElCAP: Good insight.
VTROCK Champion Author Detroit Posts:2,582 Points:644,455 Joined:Sep 2008	Message Posted: Mar 11, 2010 10:58:13 AM Ignore VTROCK Report Abuse Inflation in China? I thought they kept tight controls on their currency.
MiniFan Champion Author California Posts:2,223 Points:749,050 Joined:Nov 2008	Message Posted: Mar 11, 2010 10:57:33 AM Ignore MiniFan Report Abuse China's inflation is going to go over the roof
eddmac Champion Author Washington Posts:5,526 Points:1,234,975 Joined:May 2006	Message Posted: Mar 11, 2010 10:55:27 AM Ignore eddmac Report Abuse More gas stations lining up behind the 2.99 mark with diesel at 3.09. I almost can see them at the starting line waiting to jump over 3.00.
CLM06 Champion Author Tampa Posts:6,841 Points:1,496,065 Joined:Sep 2006	Message Posted: Mar 11, 2010 10:53:33 AM Ignore CLM06 Report Abuse Needs to drop at least by $10 to bring it back down to $70 they can live with that
pricechecker08 Champion Author Ohio Posts:5,530 Points:1,237,925 Joined:Jan 2008	Message Posted: Mar 11, 2010 10:52:10 AM Ignore pricechecker08 Report Abuse Gas here just went 2.569 to 2.759. Summer rip-off is on the way.
JMJarvis1952 Champion Author Houston Posts:1,535 Points:409,405 Joined:Jan 2008	Message Posted: Mar 11, 2010 10:48:52 AM Ignore JMJarvis1952 Report Abuse And what happens when they call in all their markers.
MikLamb Champion Author Texas Posts:5,643 Points:1,712,120 Joined:Jun 2006	Message Posted: Mar 11, 2010 10:48:46 AM Ignore MikLamb Report Abuse Oil futures may seesaw, but we know that gas prices will be going up.
FBI2991 Champion Author Michigan Posts:2,162 Points:689,185 Joined:Nov 2008	Message Posted: Mar 11, 2010 10:48:38 AM Ignore FBI2991 Report Abuse Listen to Elcap
baitmn Champion Author New Orleans Posts:6,632 Points:1,640,700 Joined:Sep 2006	Message Posted: Mar 11, 2010 10:46:50 AM Ignore baitmn Report Abuse they are trying to grab all they can, we will be the one on the short end
ricker8 Champion Author Ontario Posts:3,128 Points:675,325 Joined:Oct 2008	Message Posted: Mar 11, 2010 10:44:09 AM Ignore ricker8 Report Abuse price stoo high alraedy, conserve-conserve -conserve!
pnd1 Champion Author Tallahassee Posts:4,263 Points:857,145 Joined:Jul 2009	Message Posted: Mar 11, 2010 10:42:13 AM Ignore pnd1 Report Abuse Elcap has it exactly right.
Jeff1944 Champion Author South Dakota Posts:3,092 Points:678,865 Joined:Jan 2010	Message Posted: Mar 11, 2010 10:42:08 AM Ignore Jeff1944 Report Abuse Drive less than the year before, unless you are in business and can add the price onto the consumer.
sg413 Champion Author California Posts:2,029 Points:450,160 Joined:Apr 2008	Message Posted: Mar 11, 2010 10:41:34 AM Ignore sg413 Report Abuse Drops a few pennies and then rises a few dollars.
BartBuzz Champion Author Atlanta Posts:6,528 Points:1,313,610 Joined:Aug 2006	Message Posted: Mar 11, 2010 10:41:03 AM Ignore BartBuzz Report Abuse Keep conserving.
MG_Sputnik Champion Author Philadelphia Posts:5,154 Points:1,501,905 Joined:Apr 2006	Message Posted: Mar 11, 2010 10:38:36 AM Ignore MG_Sputnik Report Abuse Doesn't matter. They'll think up any BS reason to raise prices.
arnerator Champion Author Seattle Posts:5,821 Points:1,155,710 Joined:Sep 2008	Message Posted: Mar 11, 2010 10:37:48 AM Ignore arnerator Report Abuse Nothing matters...they'll screw over us at the pum,ps no matter what.
paoli8 Champion Author Philadelphia Posts:4,905 Points:1,378,485 Joined:Jul 2007	Message Posted: Mar 11, 2010 10:37:14 AM Ignore paoli8 Report Abuse More speculators
NavyEOD Champion Author Los Angeles Posts:7,702 Points:1,565,950 Joined:Jul 2007	Message Posted: Mar 11, 2010 10:28:34 AM Ignore NavyEOD Report Abuse Does this have anything to do with gas?
njerald Champion Author Seattle Posts:5,483 Points:1,167,450 Joined:Oct 2007	Message Posted: Mar 11, 2010 10:23:59 AM Ignore njerald Report Abuse DUH!!!!!!
checkum Champion Author St. Louis Posts:5,341 Points:1,060,165 Joined:Jan 2008	Message Posted: Mar 11, 2010 10:21:05 AM Ignore checkum Report Abuse I can only generally see prices rising here
ElCap Champion Author El Paso Posts:1,242 Points:581,575 Joined:Jan 2007	Message Posted: Mar 11, 2010 10:20:23 AM Ignore ElCap Report Abuse China is going to hose us in the long run anyway. They are doing to us what Reagan did to the USSR with an arms race, but China is taking us on economically by getting us addicted to their cheap goods supported by their falsely low currency. When they let their currency float, we will be paying almost twice what we are paying now, but we will be addicted to their supply chain as we will have moved most of our production over there. We clearly did not learn from what happened in the 70's with Japan when their currency went from 360 yen to one USD To 118 to one USD.
jarrjazz1 Champion Author British Columbia Posts:2,189 Points:450,615 Joined:Sep 2008	Message Posted: Mar 11, 2010 10:16:40 AM Ignore jarrjazz1 Report Abuse keep conserving!