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GasBuddy News Article

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Oil prices rise on forecasts of lower United States inventories

Economia -- But after OPEC and Russian Federation announced their output cuts in late last year, the contango has all but dissipated, with the one-year Brent price spread at just about 80 cents a barrel on Monday.

Brent LCOc1 futures were up 91 cents, or 1.7 percent, at $54.03 a barrel by 11:27 a.m. EDT (1527 GMT).

Crude climbed to a four-week high on forecasts that USA inventories have dropped from a record and reports of a North Sea oil-field shutdown.

Overnight, crude settled lower on Monday, as investors fret over rising US shale production while a rebound in Libyan oil output weighed on sentiment.

US West Texas Intermediate (WTI) declined 36 cents or 0.7 percent to $50.24 per barrel.Traders noted that both futures retreated in price after they failed to rise much above their 100-day moving...


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Submitted Apr 06, 2017 By: ItisAJeepThing
Category: Daily News Article Discussions > Topics Add to favorite topics
Author Topic: Oil prices rise on forecasts of lower United States inventories Back to Topics
REPLIES (newest first) Post a Reply
remay
Champion Author Houston

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Message Posted: Apr 17, 2017 7:27:02 AM

The article is only as good as the time it was written...
honda0105
Champion Author Tallahassee

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Message Posted: Apr 15, 2017 10:27:11 PM

remay, why have 1 when you can have more? :P
remay
Champion Author Houston

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Message Posted: Apr 14, 2017 8:26:59 AM

So one snapshot article on the price of oil is not enough?
honda0105
Champion Author Tallahassee

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Message Posted: Apr 14, 2017 4:57:38 AM

the full screen intertitles when achievement thresholds are reached are waste of time and data.
honda0105
Champion Author Tallahassee

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Message Posted: Apr 13, 2017 7:01:52 AM

lots of gimmicks in the app = lots of data being wasted for nothing. Time to start looking for other services that focus on gas prices, not entertainment.
LanguageMan1
Champion Author Tampa

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Message Posted: Apr 13, 2017 5:48:34 AM

Not a surprise.
honda0105
Champion Author Tallahassee

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Message Posted: Apr 12, 2017 4:57:44 AM

higher inventory, then lower, which one is right?
honda0105
Champion Author Tallahassee

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Message Posted: Apr 11, 2017 4:50:37 AM

oh yea, silly me! I forgot that GB is no longer in the business of informing consumers about gas prices and financing itself with some ads, but it's in the business of pushing ads to those silly folks who think there's some value in the gas prices reported on the site.
honda0105
Champion Author Tallahassee

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Message Posted: Apr 10, 2017 4:38:06 AM

with all the money spent on gimmicks and silly stuff in both app and on the websites that are useless, how about making the site into an https:// site thus, securing the members' information rather than exposing it any and all?
claudepate
Champion Author Dayton

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Message Posted: Apr 8, 2017 5:00:45 AM

ok
CartelBuster
Champion Author Detroit

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Message Posted: Apr 7, 2017 7:46:33 PM

Make up your mind, last 3 articles stated oil prices were falling!!!
stkits
All-Star Author Hamilton

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Message Posted: Apr 7, 2017 4:27:49 PM

ok
claudepate
Champion Author Dayton

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Message Posted: Apr 7, 2017 5:06:10 AM

ok
Zonk
Champion Author Michigan

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Message Posted: Apr 6, 2017 11:18:29 PM

Now is the time for lower fuel inventories. It's 'conversion time'.
Ram1500hemi2014
Champion Author Arizona

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Message Posted: Apr 6, 2017 11:17:47 PM

ok
sljbc475
Champion Author Tucson

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Message Posted: Apr 6, 2017 11:14:17 PM

Ok
pgerassi
Champion Author Milwaukee

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Message Posted: Apr 6, 2017 11:09:53 PM

ok
mlmeng
Champion Author Michigan

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Message Posted: Apr 6, 2017 11:09:28 PM

If you want to have an article that says oil prices are going UP / DOWN, just look around. Articles that claim one or the other are available.
WheresMyTruck
Champion Author Tacoma

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Message Posted: Apr 6, 2017 11:09:15 PM

whatever
crreed1
Champion Author West Virginia

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Message Posted: Apr 6, 2017 11:08:04 PM

ok
TIGERPAW46
Champion Author Florida

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Message Posted: Apr 6, 2017 11:07:35 PM

Previous article today: ""Oil prices Fall on record U.S. crude stocks, rise""
posted Today by: ItisAJeepThing

Isn't it amazing how different reports see things.


[Edited by: TIGERPAW46 at 4/7/2017 12:10:38 AM EST]
Wowszer
Champion Author Ontario

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Message Posted: Apr 6, 2017 11:06:44 PM

Hiding the facts.
budwid
Champion Author Indianapolis

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Message Posted: Apr 6, 2017 11:04:37 PM

Interesting, another article indicated oil prices falling...
JustGettinBy
Champion Author Connecticut

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Message Posted: Apr 6, 2017 11:04:27 PM

Not good...
vineetsaluja
Champion Author Toronto

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Message Posted: Apr 6, 2017 11:03:51 PM

Ok
rippinusoff
Champion Author Lexington

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Message Posted: Apr 6, 2017 11:03:27 PM

The other article says prices are down!
billwho
Champion Author Dallas

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Message Posted: Apr 6, 2017 11:02:34 PM

Ah ! The old short pencil vs the long pencil.
joel27nc
Champion Author Raleigh

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Message Posted: Apr 6, 2017 11:02:03 PM

Oh no
All_Wheelin
Champion Author Twin Cities

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Message Posted: Apr 6, 2017 11:01:54 PM

I thought the other article had inventories up and prices down.
flipmode007
Champion Author Ottawa

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Message Posted: Apr 6, 2017 11:01:26 PM

Ok
SparkieMi
Champion Author Kalamazoo

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Message Posted: Apr 6, 2017 11:01:15 PM

WHAT EVER..
RnotR
Champion Author Ontario

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Message Posted: Apr 6, 2017 10:59:39 PM

and business moves forward
colbru
Champion Author Toronto

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Message Posted: Apr 6, 2017 10:58:17 PM

Ok
TuanCanCook
Champion Author Los Angeles

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Message Posted: Apr 6, 2017 10:58:15 PM

Ok
kypeanuts
Champion Author Louisville

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Message Posted: Apr 6, 2017 10:58:03 PM

ok
stkits
All-Star Author Hamilton

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Message Posted: Apr 6, 2017 10:55:01 PM

ok
jet727
All-Star Author Virginia

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Message Posted: Apr 6, 2017 10:53:09 PM

ok
Freegas666
Champion Author California

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Message Posted: Apr 6, 2017 10:52:15 PM

Ok
nimpy
Champion Author Indianapolis

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Message Posted: Apr 6, 2017 10:50:15 PM

this might not be good
mohammed10
Champion Author Gainesville

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Message Posted: Apr 6, 2017 10:49:12 PM

Meh
DRIVESFAST
Champion Author San Bernardino

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Message Posted: Apr 6, 2017 10:46:10 PM

Of course the OTHER article you posted said the prices are falling. Up or down depending on which way the wind blows.
Wildman14
Champion Author Virginia

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Message Posted: Apr 6, 2017 10:43:39 PM

Agree "cssco." Didn't the previous article say prices were falling because inventory was high?
fourdezzzz
Champion Author Atlanta

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Message Posted: Apr 6, 2017 10:41:13 PM

K....
WILLCALLUT
Champion Author Utah

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Message Posted: Apr 6, 2017 10:40:10 PM

k
cssco
Champion Author Virginia

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Message Posted: Apr 6, 2017 10:38:41 PM

More Faux news on oil inventory speculation.
BUSMAN1105
Champion Author Atlanta

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Message Posted: Apr 6, 2017 10:37:56 PM

Not Good news!!!!!!!!!!!!!!!!!!!!
MG_Sputnik
Champion Author Sarasota

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Message Posted: Apr 6, 2017 10:37:16 PM

Right!
jdevlin
Champion Author Ontario

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Message Posted: Apr 6, 2017 10:35:42 PM

ok
Daddioio
Champion Author Illinois

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Message Posted: Apr 6, 2017 10:34:16 PM

.
speedys
Champion Author Utah

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Message Posted: Apr 6, 2017 10:32:26 PM

??????????
jackster111
Champion Author North Carolina

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Message Posted: Apr 6, 2017 10:31:27 PM

okay
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