Not Logged In Log In   Sign Up   Points Leaders
Follow Us    2:30 AM

GasBuddy News Article

20
votes
Oil slips from 12-week high, stimulus eyed

Reuters -- Brent crude oil steadied around $112 per barrel on Wednesday, retreating from 12-week highs but supported by worries over falling North Sea output and hopes for more economic stimulus measures on both sides of the Atlantic.

Brent has risen more than 25 percent since the end of June and hit $112.56 on Tuesday, its highest since mid-May, on expectations the world's largest economies would take more measures to stimulate growth.

Expectations that central banks will ease monetary policy and announce further rounds of quantitative easing (QE), moves likely to support commodities, have increased investors' appetite for riskier assets and pushed up equities.


Read the Full Article

Submitted Aug 08, 2012 By: NO_SWEAT
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil slips from 12-week high, stimulus eyed Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
bigmoo63
Champion Author Kalamazoo

Posts:1,286
Points:84,850
Joined:Nov 2009
Message Posted: Aug 8, 2012 3:59:50 PM

Same old song and dance
Profile Pic
BUSMAN1105
Champion Author Atlanta

Posts:3,946
Points:1,762,710
Joined:Aug 2008
Message Posted: Aug 8, 2012 11:08:33 AM

GOOD IT NEEDS TO DROP AGAIN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Profile Pic
Tehbob
Champion Author California

Posts:4,778
Points:1,075,025
Joined:Jan 2012
Message Posted: Aug 8, 2012 10:36:01 AM

k
Profile Pic
jlf599
Veteran Author Kentucky

Posts:339
Points:126,925
Joined:May 2012
Message Posted: Aug 8, 2012 10:20:19 AM

Speculators are calling the shots...
Profile Pic
amerk73
Champion Author Dallas

Posts:9,764
Points:2,267,870
Joined:Oct 2008
Message Posted: Aug 8, 2012 10:11:07 AM

Brent Crude Oil now at
$112.74
Profile Pic
sabre75
Champion Author Florida

Posts:1,691
Points:354,685
Joined:May 2012
Message Posted: Aug 8, 2012 9:55:05 AM

Too complicated.. Just lower our prices, that is all we ask.
Profile Pic
nozzle46
Champion Author Little Rock

Posts:8,562
Points:1,969,905
Joined:Jul 2006
Message Posted: Aug 8, 2012 9:19:41 AM

NO stimulus is coming.
Profile Pic
FPLREP
Champion Author Virginia

Posts:11,501
Points:3,092,585
Joined:Oct 2005
Message Posted: Aug 8, 2012 9:07:12 AM

Doesn't raising oil costs defeat the purposes of a stimulus?
Profile Pic
humblepie
Champion Author Toledo

Posts:58,630
Points:3,020,145
Joined:Mar 2006
Message Posted: Aug 8, 2012 9:02:48 AM

how foolish
Profile Pic
indyjim
Champion Author Indianapolis

Posts:13,911
Points:2,967,005
Joined:Jul 2006
Message Posted: Aug 8, 2012 8:59:38 AM

It needs to slip further.
Post a reply Back to Topics