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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.

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Submitted Aug 08, 2012 By: NO_SWEAT

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REPLIES (newest first)Ignore Short Messages

bigmoo63 Champion Author Kalamazoo Posts:1,284 Points:84,610 Joined:Nov 2009	Message Posted: Aug 8, 2012 3:59:50 PM Ignore bigmoo63 Report Abuse Same old song and dance
BUSMAN1105 Champion Author Atlanta Posts:2,256 Points:1,197,425 Joined:Aug 2008	Message Posted: Aug 8, 2012 11:08:33 AM Ignore BUSMAN1105 Report Abuse GOOD IT NEEDS TO DROP AGAIN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Tehbob Champion Author California Posts:2,431 Points:484,780 Joined:Jan 2012	Message Posted: Aug 8, 2012 10:36:01 AM Ignore Tehbob Report Abuse k
jlf599 Veteran Author Kentucky Posts:339 Points:126,925 Joined:May 2012	Message Posted: Aug 8, 2012 10:20:19 AM Ignore jlf599 Report Abuse Speculators are calling the shots...
amerk73 Champion Author Dallas Posts:7,190 Points:1,648,780 Joined:Oct 2008	Message Posted: Aug 8, 2012 10:11:07 AM Ignore amerk73 Report Abuse Brent Crude Oil now at $112.74
sabre75 Champion Author Florida Posts:1,663 Points:340,795 Joined:May 2012	Message Posted: Aug 8, 2012 9:55:05 AM Ignore sabre75 Report Abuse Too complicated.. Just lower our prices, that is all we ask.
nozzle46 Champion Author Little Rock Posts:6,761 Points:1,486,845 Joined:Jul 2006	Message Posted: Aug 8, 2012 9:19:41 AM Ignore nozzle46 Report Abuse NO stimulus is coming.
FPLREP Champion Author Virginia Posts:8,401 Points:2,475,810 Joined:Oct 2005	Message Posted: Aug 8, 2012 9:07:12 AM Ignore FPLREP Report Abuse Doesn't raising oil costs defeat the purposes of a stimulus?
humblepie Champion Author Toledo Posts:35,349 Points:2,399,070 Joined:Mar 2006	Message Posted: Aug 8, 2012 9:02:48 AM Ignore humblepie Report Abuse how foolish
indyjim Champion Author Indianapolis Posts:10,268 Points:2,347,130 Joined:Jul 2006	Message Posted: Aug 8, 2012 8:59:38 AM Ignore indyjim Report Abuse It needs to slip further.