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Author	Topic: Crude Surges 3.1% on Latest Mideast Worry	Post a Reply Back to Topics

fowlcan Champion Author Oklahoma City Posts:2,115 Points:685,340 Joined:Feb 2011	Message Posted: Jul 19, 2012 10:21:48 PM Ignore fowlcan Report Abuse Crude oil surged 3.1% higher Thursday on renewed fears about Middle East tensions following the latest flare-up between Israel and Iran. Light, sweet crude for August delivery settled at $92.66 a barrel on the New York Mercantile Exchange, up $2.79. Brent crude on the ICE futures exchange settled at $107.80 a barrel, up $2.64. Prices rose for the seventh straight session after Israel accused Iran of orchestrating a bombing attack at a resort in Bulgaria, frequented by Israelis, that killed at least six people and injured 30 others. Israeli Prime Minister Benjamin Netanyahu said Israel would "respond with force." Visit Rigzone for full article

fowlcan

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Oklahoma City

Posts:2,115
Points:685,340
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Message Posted: Jul 19, 2012 10:21:48 PM

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Crude oil surged 3.1% higher Thursday on renewed fears about Middle East tensions following the latest flare-up between Israel and Iran.

Light, sweet crude for August delivery settled at $92.66 a barrel on the New York Mercantile Exchange, up $2.79. Brent crude on the ICE futures exchange settled at $107.80 a barrel, up $2.64.

Prices rose for the seventh straight session after Israel accused Iran of orchestrating a bombing attack at a resort in Bulgaria, frequented by Israelis, that killed at least six people and injured 30 others. Israeli Prime Minister Benjamin Netanyahu said Israel would "respond with force."
Visit Rigzone for full article

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OWENALOTT Champion Author Appleton Posts:2,182 Points:500,095 Joined:Apr 2011	Message Posted: Jul 21, 2012 1:21:36 AM Ignore OWENALOTT Report Abuse It never goes down on non_worry.
doctorindyj Champion Author Santa Fe Posts:3,458 Points:840,785 Joined:Nov 2009	Message Posted: Jul 20, 2012 10:20:07 AM Ignore doctorindyj Report Abuse Of course it does.
bkplenge Champion Author Tallahassee Posts:1,619 Points:121,995 Joined:Sep 2005	Message Posted: Jul 20, 2012 6:37:44 AM Ignore bkplenge Report Abuse All kind of fears being made up here. Quit all the worrying!!
brbaritone Champion Author Virginia Posts:2,068 Points:1,698,810 Joined:Jan 2007	Message Posted: Jul 20, 2012 6:20:01 AM Ignore brbaritone Report Abuse A glut of supply, weak demand, a (relatively) strong dollar, and still we have oil over $90. Amazing what 'tensions' can do.
Buckeyee Champion Author Maine Posts:4,610 Points:899,755 Joined:May 2010	Message Posted: Jul 20, 2012 4:34:36 AM Ignore Buckeyee Report Abuse Obama is on top of the situation, for the past 3 and a half years.
eomc17 Champion Author Tucson Posts:1,822 Points:134,145 Joined:Mar 2007	Message Posted: Jul 20, 2012 3:29:27 AM Ignore eomc17 Report Abuse The only thing I worry about is ruthless greedy speculation, with Obama's approval.
WalRus49 Champion Author Boston Posts:4,080 Points:869,840 Joined:Nov 2010	Message Posted: Jul 20, 2012 2:05:40 AM Ignore WalRus49 Report Abuse More organized mayhem and pillage...............
ktbaeohana Champion Author Las Vegas Posts:2,311 Points:422,975 Joined:Mar 2010	Message Posted: Jul 20, 2012 1:20:55 AM Ignore ktbaeohana Report Abuse watch and see
djgunrunner Champion Author Salt Lake City Posts:10,104 Points:2,349,580 Joined:Apr 2005	Message Posted: Jul 20, 2012 1:14:42 AM Ignore djgunrunner Report Abuse Big oil and the Speculators had a flimsy excuse to raise up the prices and look what happed, again. We need to get Natural Gas that is produced in America going into our vehicles. We need a president to support America and not himself by keeping it out.
bisonjim Champion Author Florida Posts:1,060 Points:207,205 Joined:May 2012	Message Posted: Jul 20, 2012 12:26:09 AM Ignore bisonjim Report Abuse Speculators
grandamgt1 Champion Author Illinois Posts:2,351 Points:1,241,300 Joined:Apr 2008	Message Posted: Jul 20, 2012 12:05:32 AM Ignore grandamgt1 Report Abuse Cruise missile anyone?
KE4YBZ All-Star Author Knoxville Posts:578 Points:558,935 Joined:May 2011	Message Posted: Jul 19, 2012 11:56:15 PM Ignore KE4YBZ Report Abuse Great. Just great. I guess we will be paying more at the pump. Soon.
anascom Champion Author Hamilton Posts:1,593 Points:553,115 Joined:Feb 2011	Message Posted: Jul 19, 2012 11:17:19 PM Ignore anascom Report Abuse i was expecting higher prices in this summer, 4 months ago.
52MPG Champion Author Dayton Posts:7,267 Points:1,742,680 Joined:Apr 2006	Message Posted: Jul 19, 2012 11:12:58 PM Ignore 52MPG Report Abuse Iran will talk themselves into getting bombed sooner or later.
1momsunshine Champion Author Ottawa Posts:5,495 Points:1,001,555 Joined:Mar 2010	Message Posted: Jul 19, 2012 11:09:35 PM Ignore 1momsunshine Report Abuse good hmm.
LanguageMan1 Champion Author Tampa Posts:11,725 Points:1,662,680 Joined:Apr 2008	Message Posted: Jul 19, 2012 11:08:05 PM Ignore LanguageMan1 Report Abuse Yeah, up today and I'm gonna take a long shot and say down just a bit by the end of trading tomorrow. But, as I've said all along, it will still trend upwards.
Dphillips720 Champion Author Michigan Posts:1,407 Points:531,200 Joined:Mar 2011	Message Posted: Jul 19, 2012 10:39:11 PM Ignore Dphillips720 Report Abuse TITLE SHOULD READ CRUDE SURGES 3.1% ON LATEST FEARS OBAMA MAY GET RE-ELECTED
humblepie Champion Author Toledo Posts:34,258 Points:2,372,345 Joined:Mar 2006	Message Posted: Jul 19, 2012 10:38:40 PM Ignore humblepie Report Abuse this has been going since the old testament, nothing new