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Brent crude rises to above $114 after Monday's plunge

Reuters -- Brent crude rose to near $114 a barrel on Tuesday, after steep losses in the previous session, but gains were limited as investors weighed the impact of the Federal Reserve's stimulus push on oil demand and eyed China's next step to boost its economy.

Brent crude fell more than $5 a barrel late on Monday in a wave of late, high-volume selling that many traders said appeared to have stemmed from an automated computer trading program. The U.S. Commodity Futures Trading Commission said it is looking into the incident and checking with exchange operators CME Group (CME.O) and Intercontinental Exchange (ICE.N).

Brent crude for November delivery was up 46 cents at $114.25 a barrel by 0221 GMT. Brent, which had settled at $116.66 a barrel on Friday in its seventh straight session of gains,

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Submitted Sep 18, 2012 By: Martinman
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Author Topic: Brent crude rises to above $114 after Monday's plunge Post a Reply Back to Topics
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Martinman
Champion Author Mississippi

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Message Posted: Sep 20, 2012 12:42:38 AM
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I disagree.

"We" do wait until the most things reach a crisis-phase, *then* always work to correct/fix it.

Maybe this one will break the American habit of procastination...
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CPGas1815
Champion Author Michigan

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Message Posted: Sep 19, 2012 4:15:37 PM
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It seems like we are on the "Big Oil" roller coaster to economic insolvency.
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sparky808
Champion Author Honolulu

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Message Posted: Sep 19, 2012 12:37:34 PM
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Thank you for posting.
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BEGTWO
Champion Author Maryland

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Message Posted: Sep 19, 2012 10:20:51 AM
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OH...NO
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tomok
Champion Author Portland

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Message Posted: Sep 19, 2012 2:37:37 AM
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All the more reason why fuel prices at the pump are too high! Cheaper crude oil, cheaper fuel prices at the pump, restart Chucky's economy and move on, the economy is not improving but continues to hurt the population!
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
12/22/2012!
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VanIsleLes
All-Star Author British Columbia

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Message Posted: Sep 19, 2012 12:53:05 AM
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Oh my ...
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southrob
Champion Author Tucson

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Message Posted: Sep 19, 2012 12:36:54 AM
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dhan get it to 50 a barrel
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heartbroken2010
Champion Author Ottawa

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Message Posted: Sep 18, 2012 11:15:55 PM
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plenty of profit for all @ $90. a barrel, sad we wont see this in every day gas pricing.
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crreed1
Champion Author West Virginia

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Message Posted: Sep 18, 2012 11:15:27 PM
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all BS
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rahcat
Champion Author Grand Rapids

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Message Posted: Sep 18, 2012 11:13:12 PM
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Tired of the Yo Yo thing.
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quasar502
Champion Author Lansing

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Message Posted: Sep 18, 2012 11:12:00 PM
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Pure game playin.
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jrschl
Champion Author Louisville

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Message Posted: Sep 18, 2012 11:10:52 PM
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Enough with all the junk about all the different crude.
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judgemobile
Champion Author Ohio

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Message Posted: Sep 18, 2012 11:09:11 PM
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conflicting stories.
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joel27nc
Champion Author Raleigh

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Message Posted: Sep 18, 2012 11:07:34 PM
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Sounds like we are starting to get speculator intervention into normal price setting again. Speculators SUCK!
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ProRogue
Veteran Author Vancouver

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Message Posted: Sep 18, 2012 11:06:07 PM
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Hey GigHarborHound:

Were you REALLY so confused by THREE of the five news articles that the best you could come up with was "huh?"..

..HUH?
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ManOfLeisureII
Champion Author Philadelphia

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Message Posted: Sep 18, 2012 11:05:38 PM
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Back to $100 by year end
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Ray_10589
Champion Author New York

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Message Posted: Sep 18, 2012 11:02:54 PM
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geed
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txkrb
Champion Author Texas

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Message Posted: Sep 18, 2012 11:02:19 PM
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Actually Brent crude closed down on Wednesday
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judgemobile
Champion Author Ohio

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Message Posted: Sep 18, 2012 11:01:54 PM
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waiting for Bummer to brag about his energy record at the debates
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GigHarborHound
Champion Author Tacoma

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Message Posted: Sep 18, 2012 11:01:02 PM
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Huh?
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PrinceLH
Champion Author Ontario

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Message Posted: Sep 18, 2012 11:00:46 PM
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Mostly up!
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menagerie1013
Champion Author San Diego

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Message Posted: Sep 18, 2012 10:54:39 PM
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It's up, it's down. There is no consistency.
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Beaveronparade
Champion Author Hartford

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Message Posted: Sep 18, 2012 10:48:34 PM
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I'm sure this isn't the last we'll see of the up & down. It almost makes you dizzy.
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LostToo
Champion Author Illinois

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Message Posted: Sep 18, 2012 10:47:24 PM
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Just numbers... Means nothing to me...
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GoGoGoodyear
Champion Author Los Angeles

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Message Posted: Sep 18, 2012 10:45:17 PM
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Of course, the U.S. Commodity Futures Trading Commission said it is looking into it. And that's as far as it will go.
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Mustache_33
All-Star Author Toronto

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Message Posted: Sep 18, 2012 10:42:01 PM
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hm
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aggietim
Champion Author Fort Worth

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Message Posted: Sep 18, 2012 10:41:45 PM
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ok
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suchont
Veteran Author Los Angeles

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Message Posted: Sep 18, 2012 10:41:23 PM
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.
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pgerassi
Champion Author Milwaukee

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Message Posted: Sep 18, 2012 10:41:01 PM
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STUPID!
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SavALot
Champion Author Virginia Beach

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Message Posted: Sep 18, 2012 10:38:47 PM
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Rise and fall like the tides
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abcdMA
Champion Author Worcester

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Message Posted: Sep 18, 2012 10:37:22 PM
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keep demand down
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DrCashFlow
Champion Author Massachusetts

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Message Posted: Sep 18, 2012 10:34:23 PM
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if fed is going to flood forever, hedge gas prices by owning some gold
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fullauto
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Message Posted: Sep 18, 2012 10:28:05 PM
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go
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wayoung56
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Message Posted: Sep 18, 2012 10:25:51 PM
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More BS...
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miser709
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Message Posted: Sep 18, 2012 10:25:28 PM
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Greed
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mstearno
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Message Posted: Sep 18, 2012 10:22:22 PM
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weak dollar
that's what happens when you print it as fast as you can
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IUVidiot
Champion Author Indiana

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Message Posted: Sep 18, 2012 10:22:06 PM
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I feel the pain
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WIPACKERFAN
Champion Author Chicago

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Message Posted: Sep 18, 2012 10:19:34 PM
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Ouch!!!!!!!!!!!!!
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us4usa
Champion Author Missouri

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Message Posted: Sep 18, 2012 10:17:38 PM
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Not good news for the 99%...
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rwe930
Veteran Author Alabama

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Message Posted: Sep 18, 2012 10:14:01 PM
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i've seen the pics
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greentre
All-Star Author Pensacola

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Message Posted: Sep 18, 2012 10:12:06 PM
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UURRPP!! I'm getting sea-sick from the ups and downs of these friggin prices!
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WIWalt
Champion Author Wisconsin

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Message Posted: Sep 18, 2012 10:09:39 PM
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Expect more wild swings until after the elections. BIG OIL need the cash flow to support the re-election trips & commercials
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commins
Champion Author Riverside

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Message Posted: Sep 18, 2012 10:07:53 PM
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Good grief charlie Brown
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TFowler513
Champion Author Memphis

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Message Posted: Sep 18, 2012 10:07:05 PM
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It's up, down and all around. The only thing consistent is the nose bleed and hypoxia you get at the pump!!!
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Is246
Champion Author Albuquerque

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Message Posted: Sep 18, 2012 10:03:38 PM
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Way too high.
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bonzoonfmb
Champion Author Florida

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Message Posted: Sep 18, 2012 10:03:12 PM
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Gas prices are too high.
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Lukus
Champion Author Halifax

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Message Posted: Sep 18, 2012 10:01:43 PM
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ok
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dollarwatcher
Champion Author Wisconsin

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Message Posted: Sep 18, 2012 9:56:17 PM
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Good news for Europe.
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CPGas1815
Champion Author Michigan

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Message Posted: Sep 18, 2012 9:52:03 PM
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I feel like we are on the "Big Oil" roller coaster to economic insolvency due to the manipulation of supply of crude oil.
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unicornIL
Veteran Author Chicago

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Message Posted: Sep 18, 2012 9:51:58 PM
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gee I thought prices were supposed to go down
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