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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
JMW1942
Champion Author Michigan

Posts:3,568
Points:1,140,110
Joined:Feb 2012
Message Posted: Feb 20, 2013 11:04:44 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.
goldrose1
Champion Author Cleveland

Posts:14,175
Points:2,667,535
Joined:Feb 2005
Message Posted: Feb 20, 2013 4:47:34 AM

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

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Points:1,056,025
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Message Posted: Feb 20, 2013 2:35:25 AM

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

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Message Posted: Feb 20, 2013 12:30:46 AM

Ok.
boatfloyd
Champion Author Jacksonville

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Message Posted: Feb 20, 2013 12:19:19 AM

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

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Joined:Sep 2009
Message Posted: Feb 20, 2013 12:16:09 AM

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

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Message Posted: Feb 20, 2013 12:15:17 AM

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

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Message Posted: Feb 20, 2013 12:13:57 AM

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

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Points:1,889,705
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Message Posted: Feb 20, 2013 12:13:24 AM

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

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Points:1,082,050
Joined:Apr 2012
Message Posted: Feb 20, 2013 12:13:10 AM

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

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Points:318,315
Joined:Aug 2012
Message Posted: Feb 20, 2013 12:13:03 AM

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......? ; (
Ray_10589
Champion Author New York

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Message Posted: Feb 20, 2013 12:09:27 AM

too too High
N5EXY
Champion Author Austin

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Message Posted: Feb 20, 2013 12:09:06 AM

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

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Message Posted: Feb 20, 2013 12:06:39 AM

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

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Joined:Mar 2011
Message Posted: Feb 20, 2013 12:04:29 AM

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]
mlmeng
Champion Author Michigan

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Message Posted: Feb 20, 2013 12:03:56 AM

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

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Message Posted: Feb 20, 2013 12:03:53 AM

Over priced
yyc2yow
Champion Author Ottawa

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Message Posted: Feb 20, 2013 12:01:28 AM

way to much $$$$
DustyHorse
Champion Author Virginia

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Message Posted: Feb 20, 2013 12:00:03 AM

Oil is way overpriced.
CCLighthouse
Champion Author Hartford

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Points:318,315
Joined:Aug 2012
Message Posted: Feb 19, 2013 11:59:03 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......? ; (
bonzoonfmb
Champion Author Florida

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Message Posted: Feb 19, 2013 11:58:02 PM

Gas prices are too high.
libertyut
Champion Author Utah

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Message Posted: Feb 19, 2013 11:57:49 PM

Bla Bla Bla
Vette1967
Champion Author Albany

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Message Posted: Feb 19, 2013 11:57:40 PM

Going to use less.
DrCashFlow
Champion Author Massachusetts

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Message Posted: Feb 19, 2013 11:57:04 PM

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

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Joined:Oct 2005
Message Posted: Feb 19, 2013 11:55:42 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.
FlyNFool
Champion Author South Carolina

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Message Posted: Feb 19, 2013 11:51:49 PM

What?
pastorpaulcg
Champion Author Virginia

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Message Posted: Feb 19, 2013 11:50:39 PM

hahahahaha
jackster111
Champion Author North Carolina

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Message Posted: Feb 19, 2013 11:48:44 PM

okay
milespergallon
Champion Author Illinois

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Joined:Feb 2007
Message Posted: Feb 19, 2013 11:48:19 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!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
WIWalt
Champion Author Wisconsin

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Message Posted: Feb 19, 2013 11:47:10 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
Tucker16
Champion Author Ottawa

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Message Posted: Feb 19, 2013 11:43:10 PM

Keep falling!
Brucevanf
Champion Author New Brunswick

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Message Posted: Feb 19, 2013 11:41:12 PM

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

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Joined:Mar 2012
Message Posted: Feb 19, 2013 11:37:46 PM

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

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Message Posted: Feb 19, 2013 11:34:31 PM

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

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Joined:Sep 2006
Message Posted: Feb 19, 2013 11:31:21 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.
wayoung56
Champion Author Alabama

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Message Posted: Feb 19, 2013 11:28:09 PM

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

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Message Posted: Feb 19, 2013 11:26:31 PM

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

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Message Posted: Feb 19, 2013 11:25:18 PM

whatever
badharley
Champion Author Tampa

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Message Posted: Feb 19, 2013 11:24:59 PM

Just GREED
PissedATthePump
All-Star Author Pennsylvania

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

More BS
Brunduski
All-Star Author Missouri

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Joined:Jun 2012
Message Posted: Feb 19, 2013 11:21:19 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.
bojiway1
Champion Author Minnesota

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Message Posted: Feb 19, 2013 11:20:35 PM

Jumping every day
12mpgnavigator
Champion Author Seattle

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Joined:Jun 2009
Message Posted: Feb 19, 2013 11:20:29 PM

same story, different day
BlewettCA
Veteran Author California

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Joined:May 2012
Message Posted: Feb 19, 2013 11:20:07 PM

bla bla bla
BREW9
Champion Author Tampa

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Joined:Jun 2004
Message Posted: Feb 19, 2013 11:16:40 PM

climbing everyday
drz614
Champion Author Harrisburg

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Joined:Aug 2011
Message Posted: Feb 19, 2013 11:14:12 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]
bigdipperMS
Champion Author Mississippi

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Message Posted: Feb 19, 2013 11:12:36 PM

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

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Points:1,561,975
Joined:May 2008
Message Posted: Feb 19, 2013 11:11:00 PM

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

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Points:483,510
Joined:Jul 2009
Message Posted: Feb 19, 2013 11:08:07 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.
DrLyon
Champion Author Michigan

Posts:9,017
Points:1,917,860
Joined:May 2006
Message Posted: Feb 19, 2013 11:05:25 PM

Fall more...
Lukus
Champion Author Halifax

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Joined:Nov 2007
Message Posted: Feb 19, 2013 11:03:31 PM

OK, more reports.
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