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GasBuddy News Article

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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
Category: Daily News Article Discussions > Topics Add to favorite topics  
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REPLIES (newest first) Post a Reply
bigmoo63
Champion Author Kalamazoo

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

Same old song and dance
BUSMAN1105
Champion Author Atlanta

Posts:4,248
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Joined:Aug 2008
Message Posted: Aug 8, 2012 11:08:33 AM

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

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Message Posted: Aug 8, 2012 10:36:01 AM

k
jlf599
Veteran Author Kentucky

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Message Posted: Aug 8, 2012 10:20:19 AM

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

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Message Posted: Aug 8, 2012 10:11:07 AM

Brent Crude Oil now at
$112.74
sabre75
Champion Author Florida

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Message Posted: Aug 8, 2012 9:55:05 AM

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

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Message Posted: Aug 8, 2012 9:19:41 AM

NO stimulus is coming.
FPLREP
Champion Author Virginia

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Message Posted: Aug 8, 2012 9:07:12 AM

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

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Message Posted: Aug 8, 2012 9:02:48 AM

how foolish
indyjim
Champion Author Indianapolis

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Message Posted: Aug 8, 2012 8:59:38 AM

It needs to slip further.
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