GasBuddy Blog

Message Forum - Read Message

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: Brent Hovers Around $114 on Supply Risk, Easing Hopes	Post a Reply Back to Topics

WxVette Rookie Author Omaha Posts:34 Points:1,015,080 Joined:Jul 2007	Message Posted: Aug 15, 2012 8:25:08 AM Ignore WxVette Report Abuse Brent crude oil futures held steady around $114 on Wednesday, near a three-month high, supported by supply disruption concerns and hopes of central bank intervention to bolster the ailing global economy. Worries about disruptions to supply, while still a significant factor, eased slightly after the U.S. said it did not believe Israel had made a decision to attack Iran. Brent crude [LCOCV1 113.80 -0.23 (-0.2%) ] was 2 cents higher at $114.05 per barrel, after ending up 43 cents at its highest settlement since May 3 on Tuesday. U.S. light, sweet crude [CLCV1 93.06 -0.37 (-0.4%) ] fell 10 cents to $93.33 after closing 70 cents higher. European Central Bank President Mario Draghi has said the bank will flesh out plans to bring some stability back to strained euro Visit Reuters for full article

WxVette

Rookie Author
Omaha

Posts:34
Points:1,015,080
Joined:Jul 2007

Message Posted: Aug 15, 2012 8:25:08 AM

Ignore WxVette Report Abuse

Brent crude oil futures held steady around $114 on Wednesday, near a three-month high, supported by supply disruption concerns and hopes of central bank intervention to bolster the ailing global economy.

Worries about disruptions to supply, while still a significant factor, eased slightly after the U.S. said it did not believe Israel had made a decision to attack Iran.

Brent crude [LCOCV1 113.80 -0.23 (-0.2%) ] was 2 cents higher at $114.05 per barrel, after ending up 43 cents at its highest settlement since May 3 on Tuesday.

U.S. light, sweet crude [CLCV1 93.06 -0.37 (-0.4%) ] fell 10 cents to $93.33 after closing 70 cents higher.

European Central Bank President Mario Draghi has said the bank will flesh out plans to bring some stability back to strained euro
Visit Reuters for full article

REPLIES (newest first)Ignore Short Messages

esq262 Champion Author Asheville Posts:2,917 Points:650,815 Joined:Jul 2011	Message Posted: Aug 15, 2012 9:58:05 PM Ignore esq262 Report Abuse Gird yourselves.
buckets42 Champion Author New Jersey Posts:1,690 Points:329,550 Joined:Oct 2011	Message Posted: Aug 15, 2012 10:04:50 AM Ignore buckets42 Report Abuse Yeah
bkplenge Champion Author Tallahassee Posts:1,620 Points:122,140 Joined:Sep 2005	Message Posted: Aug 15, 2012 9:11:28 AM Ignore bkplenge Report Abuse There are no real supply worries - plenty of oil and gas. The ONLY thing to worry about is the speculation that is causing the whole problem.
Evilmaddog Champion Author British Columbia Posts:3,337 Points:960,475 Joined:Aug 2010	Message Posted: Aug 15, 2012 9:06:32 AM Ignore Evilmaddog Report Abuse more speculation ....there's oversupply off oil out there
deputydog082 Champion Author Detroit Posts:1,800 Points:663,245 Joined:Apr 2011	Message Posted: Aug 15, 2012 9:05:27 AM Ignore deputydog082 Report Abuse why do "worries" increase prices? there will always be worries about something!
gasrat6083 Champion Author Long Island Posts:3,499 Points:1,165,055 Joined:Sep 2005	Message Posted: Aug 15, 2012 8:41:25 AM Ignore gasrat6083 Report Abuse So much for our little price holiday.
amoshins Champion Author Trenton Posts:2,205 Points:644,345 Joined:Apr 2011	Message Posted: Aug 15, 2012 8:37:42 AM Ignore amoshins Report Abuse Always have supply disruption concerns, and fortunately, they hardly ever come true
TripleHs Champion Author Austin Posts:3,355 Points:919,590 Joined:Oct 2009	Message Posted: Aug 15, 2012 8:34:36 AM Ignore TripleHs Report Abuse speculations
trashmandan33 Sophomore Author Huntsville Posts:213 Points:527,855 Joined:Jan 2010	Message Posted: Aug 15, 2012 8:31:56 AM Ignore trashmandan33 Report Abuse Not good