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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

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JMW1942 All-Star Author Michigan Posts:576 Points:407,945 Joined:Feb 2012	Message Posted: Feb 20, 2013 11:04:44 AM Ignore JMW1942 Report Abuse 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:10,946 Points:1,926,555 Joined:Feb 2005	Message Posted: Feb 20, 2013 4:47:34 AM Ignore goldrose1 Report Abuse Actually saw a price drop 2 cents tonight. Nice to see that happen more.
SkooterG Champion Author Phoenix Posts:1,359 Points:329,335 Joined:May 2012	Message Posted: Feb 20, 2013 2:35:25 AM Ignore SkooterG Report Abuse What does all this info matter? Prices continue to skyrocket!
wshokie12 Champion Author Winston-Salem Posts:1,325 Points:217,535 Joined:Aug 2012	Message Posted: Feb 20, 2013 12:30:46 AM Ignore wshokie12 Report Abuse Ok.
boatfloyd Champion Author Jacksonville Posts:1,723 Points:388,950 Joined:Mar 2012	Message Posted: Feb 20, 2013 12:19:19 AM Ignore boatfloyd Report Abuse Gas is going up, whatever the price oil is.
silverfoxv65 Champion Author Michigan Posts:4,485 Points:1,231,025 Joined:Sep 2009	Message Posted: Feb 20, 2013 12:16:09 AM Ignore silverfoxv65 Report Abuse Slowing growth, witch is it, picking up or slowing down.
1fulltank Champion Author Buffalo Posts:7,908 Points:1,545,285 Joined:Nov 2008	Message Posted: Feb 20, 2013 12:15:17 AM Ignore 1fulltank Report Abuse "...slipped toward..." . More like "inched".
bluebird1 Champion Author Toronto Posts:15,740 Points:3,109,100 Joined:May 2004	Message Posted: Feb 20, 2013 12:13:57 AM Ignore bluebird1 Report Abuse Crude up or down...gas prices rise --- go figure!!!
Bill100 Champion Author Grand Rapids Posts:41,498 Points:1,163,820 Joined:Jan 2010	Message Posted: Feb 20, 2013 12:13:24 AM Ignore Bill100 Report Abuse 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 All-Star Author Montgomery Posts:660 Points:309,850 Joined:Apr 2012	Message Posted: Feb 20, 2013 12:13:10 AM Ignore ClassicWheeler Report Abuse It is going down, but not the prices. Don't you get it!
CCLighthouse Champion Author Hartford Posts:1,008 Points:214,005 Joined:Aug 2012	Message Posted: Feb 20, 2013 12:13:03 AM Ignore CCLighthouse Report Abuse 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 Posts:4,951 Points:1,183,960 Joined:May 2009	Message Posted: Feb 20, 2013 12:09:27 AM Ignore Ray_10589 Report Abuse too too High
N5EXY Champion Author Austin Posts:5,497 Points:1,511,355 Joined:Jul 2004	Message Posted: Feb 20, 2013 12:09:06 AM Ignore N5EXY Report Abuse I still like my Marauder. I will just drive less and enjoy it more.
obimerrill Champion Author Cincinnati Posts:1,445 Points:290,690 Joined:Jul 2012	Message Posted: Feb 20, 2013 12:06:39 AM Ignore obimerrill Report Abuse Hope gas goes down with oil prices...
arb0526 Champion Author Greensboro Posts:1,981 Points:411,595 Joined:Mar 2011	Message Posted: Feb 20, 2013 12:04:29 AM Ignore arb0526 Report Abuse 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 Posts:1,640 Points:592,035 Joined:Mar 2011	Message Posted: Feb 20, 2013 12:03:56 AM Ignore mlmeng Report Abuse Gas prices are already too high and are going up.
AnObserver Champion Author New Jersey Posts:8,364 Points:2,259,730 Joined:Sep 2005	Message Posted: Feb 20, 2013 12:03:53 AM Ignore AnObserver Report Abuse Over priced
yyc2yow All-Star Author Ottawa Posts:658 Points:571,310 Joined:Dec 2009	Message Posted: Feb 20, 2013 12:01:28 AM Ignore yyc2yow Report Abuse way to much $$$$
DustyHorse Champion Author Virginia Posts:6,090 Points:1,392,330 Joined:Oct 2008	Message Posted: Feb 20, 2013 12:00:03 AM Ignore DustyHorse Report Abuse Oil is way overpriced.
CCLighthouse Champion Author Hartford Posts:1,008 Points:214,005 Joined:Aug 2012	Message Posted: Feb 19, 2013 11:59:03 PM Ignore CCLighthouse Report Abuse 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 Posts:1,787 Points:645,560 Joined:Feb 2010	Message Posted: Feb 19, 2013 11:58:02 PM Ignore bonzoonfmb Report Abuse Gas prices are too high.
libertyut Champion Author Utah Posts:1,350 Points:291,625 Joined:Mar 2012	Message Posted: Feb 19, 2013 11:57:49 PM Ignore libertyut Report Abuse Bla Bla Bla
Vette1967 Champion Author Albany Posts:5,972 Points:1,276,975 Joined:Jun 2009	Message Posted: Feb 19, 2013 11:57:40 PM Ignore Vette1967 Report Abuse Going to use less.
DrCashFlow Champion Author Massachusetts Posts:7,074 Points:1,628,200 Joined:Jun 2008	Message Posted: Feb 19, 2013 11:57:04 PM Ignore DrCashFlow Report Abuse Oil upside limited by increased likelihood of causing recessions worldwide and leadingvto decreased demand
Buddy2264 Champion Author Tampa Posts:11,659 Points:2,360,945 Joined:Oct 2005	Message Posted: Feb 19, 2013 11:55:42 PM Ignore Buddy2264 Report Abuse 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 Posts:8,249 Points:1,686,175 Joined:Aug 2008	Message Posted: Feb 19, 2013 11:51:49 PM Ignore FlyNFool Report Abuse What?
pastorpaulcg Champion Author Virginia Posts:3,615 Points:775,785 Joined:Dec 2010	Message Posted: Feb 19, 2013 11:50:39 PM Ignore pastorpaulcg Report Abuse hahahahaha
jackster111 Champion Author North Carolina Posts:3,335 Points:426,535 Joined:Feb 2012	Message Posted: Feb 19, 2013 11:48:44 PM Ignore jackster111 Report Abuse okay
milespergallon Champion Author Illinois Posts:9,754 Points:1,910,310 Joined:Feb 2007	Message Posted: Feb 19, 2013 11:48:19 PM Ignore milespergallon Report Abuse 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 Posts:1,731 Points:415,770 Joined:Mar 2012	Message Posted: Feb 19, 2013 11:47:10 PM Ignore WIWalt Report Abuse 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 Posts:1,160 Points:544,300 Joined:Jul 2006	Message Posted: Feb 19, 2013 11:43:10 PM Ignore Tucker16 Report Abuse Keep falling!
Brucevanf Champion Author New Brunswick Posts:1,361 Points:245,260 Joined:Aug 2012	Message Posted: Feb 19, 2013 11:41:12 PM Ignore Brucevanf Report Abuse Everyone is conserving because of the cost.
medic319 All-Star Author Akron Posts:733 Points:247,235 Joined:Mar 2012	Message Posted: Feb 19, 2013 11:37:46 PM Ignore medic319 Report Abuse The slower growth is because of high oil prices.
geoutpb Champion Author Midland Odessa Posts:4,633 Points:1,068,260 Joined:Dec 2006	Message Posted: Feb 19, 2013 11:34:31 PM Ignore geoutpb Report Abuse Oil prices need to go higher baby needs new shoes.
chvytruk All-Star Author Kentucky Posts:771 Points:377,785 Joined:Sep 2006	Message Posted: Feb 19, 2013 11:31:21 PM Ignore chvytruk Report Abuse 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 Posts:2,805 Points:819,310 Joined:Oct 2006	Message Posted: Feb 19, 2013 11:28:09 PM Ignore wayoung56 Report Abuse Very confusing and doesn't seem to matter very much with all the profit taking going on...
SpankyMI Champion Author Kalamazoo Posts:2,718 Points:761,230 Joined:Jan 2011	Message Posted: Feb 19, 2013 11:26:31 PM Ignore SpankyMI Report Abuse Was it not reported last week that the prices of crude was $97? I'm confused.
cifuentesab All-Star Author Stockton Posts:675 Points:507,800 Joined:Jul 2011	Message Posted: Feb 19, 2013 11:25:18 PM Ignore cifuentesab Report Abuse whatever
badharley Champion Author Tampa Posts:1,030 Points:741,285 Joined:Jul 2010	Message Posted: Feb 19, 2013 11:24:59 PM Ignore badharley Report Abuse Just GREED
PissedATthePump All-Star Author Pennsylvania Posts:507 Points:119,580 Joined:May 2012	Message Posted: Feb 19, 2013 11:22:11 PM Ignore PissedATthePump Report Abuse More BS
Brunduski All-Star Author Missouri Posts:534 Points:189,925 Joined:Jun 2012	Message Posted: Feb 19, 2013 11:21:19 PM Ignore Brunduski Report Abuse 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 Posts:2,054 Points:480,010 Joined:Dec 2011	Message Posted: Feb 19, 2013 11:20:35 PM Ignore bojiway1 Report Abuse Jumping every day
12mpgnavigator Champion Author Seattle Posts:2,779 Points:652,660 Joined:Jun 2009	Message Posted: Feb 19, 2013 11:20:29 PM Ignore 12mpgnavigator Report Abuse same story, different day
BlewettCA Veteran Author California Posts:318 Points:240,410 Joined:May 2012	Message Posted: Feb 19, 2013 11:20:07 PM Ignore BlewettCA Report Abuse bla bla bla
BREW9 All-Star Author Tampa Posts:886 Points:2,913,805 Joined:Jun 2004	Message Posted: Feb 19, 2013 11:16:40 PM Ignore BREW9 Report Abuse climbing everyday
drz614 Champion Author Harrisburg Posts:2,309 Points:599,570 Joined:Aug 2011	Message Posted: Feb 19, 2013 11:14:12 PM Ignore drz614 Report Abuse 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 Posts:1,522 Points:538,725 Joined:Apr 2011	Message Posted: Feb 19, 2013 11:12:36 PM Ignore bigdipperMS Report Abuse Should not gasoline prices start to drop instead of the increases we are seeing?
us4usa Champion Author Missouri Posts:5,993 Points:1,113,430 Joined:May 2008	Message Posted: Feb 19, 2013 11:11:00 PM Ignore us4usa Report Abuse High prices will always slow growth...
texasvet Champion Author Texas Posts:3,835 Points:360,670 Joined:Jul 2009	Message Posted: Feb 19, 2013 11:08:07 PM Ignore texasvet Report Abuse 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:6,655 Points:1,212,805 Joined:May 2006	Message Posted: Feb 19, 2013 11:05:25 PM Ignore DrLyon Report Abuse Fall more...