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GasBuddy News Article

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OIL FUTURES: Crude Ends Lower As China Data Weigh

Dow Jones Newswires --
Oil futures finished lower Monday, as China's large trade deficit sparked concerns of a slowdown in the world's second-biggest oil consumer, while worries over Greece's sovereign-debt crisis lingered.

Light, sweet crude for April delivery settled $1.06, or 1%, lower at $106.34 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange traded 60 cents, or 0.5%, lower at $125.39 a barrel.

Futures began the day lower after the Chinese government reported a surprisingly large trade deficit of $31.48 billion in February, on the heels of $27.28 billion surplus in January. The deficit was caused by weakening demand for exports and seasonal distortions. A deficit had been expected, but it was much wider than anticipated.


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Submitted Mar 13, 2012 By: RENEGADEGAS
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: OIL FUTURES: Crude Ends Lower As China Data Weigh Back to Topics
REPLIES (newest first) Post a Reply
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JimL1
Champion Author Phoenix

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Message Posted: Mar 15, 2012 12:08:39 PM

This is good news. If this keeps up the speculators may lose money, and that is a good thing. However, those with deep pockets will simply buy more and hold on until prices go up tomorrow or the next day and then they will take their profits and drive the price back down.
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sparky808
Champion Author Honolulu

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Message Posted: Mar 14, 2012 12:18:47 PM

Thank you for posting.
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gass12
Champion Author Omaha

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Message Posted: Mar 13, 2012 11:40:27 PM

Big deal. Gas droped 1 cent here today.
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judgemobile
Champion Author Ohio

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Message Posted: Mar 13, 2012 11:04:56 PM

how do they explain $ 106.00 + oil and $ 2.30 NAT GAS ??
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txkrb
Champion Author Texas

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Message Posted: Mar 13, 2012 11:02:52 PM

Price back up today
and no sparkie it did not lower pump prices there is about a 2 week delay between oil prices and gas prices
They do not buy the oil refine it and sell it the same day
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RAKARWOWSKI
Champion Author Chicago

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Message Posted: Mar 13, 2012 11:02:31 PM

Ok.
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bvrbill
Champion Author Eugene

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Message Posted: Mar 13, 2012 11:02:14 PM

jorod55 has it right.
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OGW
Champion Author London

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Message Posted: Mar 13, 2012 11:01:28 PM

Needs to be much lower.
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djm5x9
Champion Author Atlanta

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Message Posted: Mar 13, 2012 11:01:05 PM

WTF? How about some new news?
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SparkieMi
Champion Author Kalamazoo

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Message Posted: Mar 13, 2012 11:00:15 PM

Did not lower pump prices...
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GigHarborHound
Champion Author Tacoma

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Message Posted: Mar 13, 2012 11:00:00 PM

OK!!
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jorod55
Champion Author California

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Message Posted: Mar 13, 2012 10:59:38 PM

Oil goes down, gas goes up.
Oil goes up, gas goes up.
oil goes flat, gas goes up.
Ahhhhh the speculative logic of American Greed.
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Rudys Girl
Champion Author Detroit

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Message Posted: Mar 13, 2012 10:57:28 PM

back into the recession!? it ended? When?
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Rick01
Champion Author Utah

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Message Posted: Mar 13, 2012 10:55:43 PM

Speculators will send us back into the recession fast.
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mstearno
Champion Author Dayton

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Message Posted: Mar 13, 2012 10:50:51 PM

tired of hearing about speculators
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eblair54
Sophomore Author Missouri

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Message Posted: Mar 13, 2012 10:47:01 PM

Even China is not immune to global economic currents.
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pgerassi
Champion Author Milwaukee

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Message Posted: Mar 13, 2012 10:45:35 PM

I hope that speculators get taken to the cleaners as their hopes are dashed.
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SparkieMi
Champion Author Kalamazoo

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Message Posted: Mar 13, 2012 10:44:06 PM

More speculation... Too bad it has not gone a lot lower..
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opbpppofjf
Rookie Author Gary

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Message Posted: Mar 13, 2012 10:41:47 PM

Due to the rising gas prices, I had to cut back on my shopping at Ikea and Walmart!
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umitb
Champion Author Indianapolis

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Message Posted: Mar 13, 2012 10:38:39 PM

ok
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abcdMA
Champion Author Worcester

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Message Posted: Mar 13, 2012 10:35:15 PM

old news--it went up again today
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TopGunn
Champion Author Baltimore

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Message Posted: Mar 13, 2012 10:33:59 PM

Speculation will never die as long as a speculator still lives.
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blazerbob91
Champion Author Milwaukee

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Message Posted: Mar 13, 2012 10:32:57 PM

It's just temporary
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warlord1
Champion Author Georgia

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Message Posted: Mar 13, 2012 10:32:21 PM

ok
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lyons_coop
Veteran Author Kansas

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Message Posted: Mar 13, 2012 10:29:29 PM

Wow, a whole 1%?
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aggietim
Champion Author Fort Worth

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Message Posted: Mar 13, 2012 10:25:29 PM

yeah, but gas keep going up
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LegoVasavouchi
Champion Author Oklahoma

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Message Posted: Mar 13, 2012 10:23:55 PM

Fascinating.
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crazycow2332
Champion Author Nashville

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Message Posted: Mar 13, 2012 10:22:58 PM

ok
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SUPPER
Champion Author San Bernardino

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Message Posted: Mar 13, 2012 10:21:13 PM

Ok
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badspots
Champion Author Houston

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Message Posted: Mar 13, 2012 10:20:33 PM

Ok.
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MadTraveler
Champion Author Idaho

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Message Posted: Mar 13, 2012 10:18:55 PM

It goes on and on and on and on - - - - - - -
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mcmonsta
Champion Author Honolulu

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Message Posted: Mar 13, 2012 10:16:24 PM

if they have a deficit i hope we have some of the surplus back here in the USA
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Dougieda
Sophomore Author Boston

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Message Posted: Mar 13, 2012 10:13:42 PM

BIG DEAL
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Dougieda
Sophomore Author Boston

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Message Posted: Mar 13, 2012 10:13:16 PM

What OK YUP OK
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mcmonsta
Champion Author Honolulu

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Message Posted: Mar 13, 2012 10:12:52 PM

thats shocking or was it about time?
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tidalwave3
Champion Author Tallahassee

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Message Posted: Mar 13, 2012 10:11:01 PM

what
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mgune9
All-Star Author Dallas

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Message Posted: Mar 13, 2012 10:10:49 PM

gee - don't you feel sorry for the speculators holding those contracts!
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bm164
Champion Author Georgia

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Message Posted: Mar 13, 2012 10:10:25 PM

big deal don't do me any good, they are still sticking it to us!
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ghostNC
Rookie Author North Carolina

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Message Posted: Mar 13, 2012 10:08:35 PM

...ok...
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ShutRBug
Champion Author Ontario

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Message Posted: Mar 13, 2012 10:06:30 PM

Yup
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serrog
Champion Author Nova Scotia

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Message Posted: Mar 13, 2012 10:06:24 PM

Big deal
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tessnlu
Champion Author Missouri

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Message Posted: Mar 13, 2012 10:04:41 PM

ok
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fuelsaverMN
Champion Author Twin Cities

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Message Posted: Mar 13, 2012 10:00:34 PM

Just more of the same politics.
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Blue48
Champion Author Illinois

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Message Posted: Mar 13, 2012 10:00:11 PM

I SEE RED PEOPLE!
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adgam
Champion Author Orange County

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Message Posted: Mar 13, 2012 9:59:10 PM

ok
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Harry813
Champion Author Iowa

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Message Posted: Mar 13, 2012 9:49:55 PM

It's good that oil is going down, but why are gas prices going up?
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darkknight1
Champion Author Winston-Salem

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Message Posted: Mar 13, 2012 9:45:04 PM

Then why did gas go up again here?
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FlyNFool
Champion Author South Carolina

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Message Posted: Mar 13, 2012 9:44:53 PM

That can change in a flash.
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jcurley
Champion Author California

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Message Posted: Mar 13, 2012 9:43:00 PM

Ok.
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Holly123
Champion Author Charlotte

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Message Posted: Mar 13, 2012 9:42:30 PM

Lol pumps!
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