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Started By
Message
Oil falls sharply as U.S. crude inventories rise
Posted on 2/19/15 at 3:14 am
Posted on 2/19/15 at 3:14 am
Drink up, Houstonites
LINK
LINK
quote:
Reuters) - Oil prices tumbled on Thursday after another big weekly build in U.S. crude inventories and a possible rise in Saudi output stoked worries about oversupply.
U.S. crude stocks rose by 14.3 million barrels last week, data from industry group the American Petroleum Institute (API) showed after Wednesday's settlement, compared with analysts' expectations for an increase of 3.2 million barrels. [API/S]
If U.S. Energy Information Administration (EIA) data due at 1600 GMT confirms the large build, it would be the biggest weekly addition in barrels since such data became available in 1982.
10
Posted on 2/19/15 at 3:22 am to Jim Rockford
So it's about to get cheaper again?
Posted on 2/19/15 at 5:04 am to PrideofTheSEC
Shitty economy gonna shite
Posted on 2/19/15 at 5:05 am to PrideofTheSEC
Doubt it, shite can fall for weeks before there is any notice at the pump.
A guy overfills and spills 2 bucks on the ground and the price shoots up a quarter though
A guy overfills and spills 2 bucks on the ground and the price shoots up a quarter though
Posted on 2/19/15 at 5:30 am to Mizzoufan26
quote:
A guy overfills and spills 2 bucks on the ground and the price shoots up a quarter though
What in the blue hell are you talking about?
Posted on 2/19/15 at 5:34 am to LateArrivalforLSU
He's talking about investors overreacting to every potential accident or smallest danger, which shoots the price up based on "fear."
Posted on 2/19/15 at 5:38 am to emoney
Thanks for the explanation.
Posted on 2/19/15 at 6:12 am to Jim Rockford
Meh. It's still nowhere near the low of a few weeks ago.
Posted on 2/19/15 at 6:16 am to Jim Rockford
Falls sharply?
$1.50?
Still up over the last few weeks
$1.50?
Still up over the last few weeks
Posted on 2/19/15 at 6:18 am to yellowfin
It was up more than that yesterday.
Posted on 2/19/15 at 6:19 am to emoney
quote:
's talking about investors overreacting to every potential accident or smallest danger, which shoots the price up based on "fear."
do investors post on the rant?
Posted on 2/19/15 at 6:35 am to Jim Rockford
Is this article old as frick, or predicting the future? Just turned Thursday here
Posted on 2/19/15 at 6:45 am to Thib-a-doe Tiger
quote:
Is this article old as frick, or predicting the future? Just turned Thursday here
Maybe you should click the link you dumb nutria eating frick.
Posted on 2/19/15 at 6:46 am to Spunky
London; dr
My bad
My bad
This post was edited on 2/19/15 at 6:51 am
Posted on 2/19/15 at 6:48 am to Jim Rockford
I didn't know it was possible to have a 14.3 million barrel build. That is gigantic and should send prices back to the low's at least.
Posted on 2/19/15 at 6:50 am to Hurricane Mike
Cold week in much of the U.S. with people staying in. Once spring and summer get here the 30A crowd will drive the price back up on their way to Fudpuckers
This post was edited on 2/19/15 at 6:52 am
Posted on 2/19/15 at 6:52 am to Thib-a-doe Tiger
There's been many cold weeks since oil records have been kept and I don't remember a build even reaching double digits.
Posted on 2/19/15 at 6:59 am to Jim Rockford
Welp on to 20 dollar a barrel. Fak. My o&g stocks not gonna like that
Posted on 2/19/15 at 7:03 am to tke857
It's not getting to $20 a barrel
Posted on 2/19/15 at 7:06 am to Thib-a-doe Tiger
quote:
It's not getting to $20 a barrel
I'm ready for .99 cent gas prices.
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