Not Logged In Log In   Sign Up   Points Leaders
Follow Us    11:52 AM

GasBuddy News Article

56
votes
Oil heads back down as dollar revives

MarketWatch -- Benchmark U.S. crude-oil futures slipped in electronic trade Tuesday, surrendering some gains as the dollar staged a modest rebound.

During Asian trading hours, the New York Mercantile Exchange crude contract for February lost 39 cents, or 0.4%, to trade at $93.75 a barrel.

The rival benchmark Brent crude also moved lower, with the February Brent contract -0.08% down 0.3% at $111.52 a barrel on ICE Futures in London.

The losses followed a 0.6% gain for Nymex crude during Monday’s regular floor session, as a weaker dollar helped send the contract to its highest point in almost four months.

However, the forex support faded as the dollar moved back up Tuesday. The ICE dollar index, measuring the U.S. currency against six rivals, rose to 79.546 from 79.493 around the time of Monday’s ...


Read the Full Article

Submitted Jan 15, 2013 By: brbaritone
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil heads back down as dollar revives Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:21,448
Points:1,942,840
Joined:Nov 2008
Message Posted: Jan 18, 2013 5:52:17 AM

nice roller coaster ride... as always -- and a steady trend upward no matter how often it falls.
Profile Pic
dockersbin
Veteran Author North Carolina

Posts:426
Points:497,200
Joined:May 2006
Message Posted: Jan 16, 2013 10:13:01 AM

then it will go back up.. then down then up.
Profile Pic
52MPG
Champion Author Dayton

Posts:8,925
Points:2,072,155
Joined:Apr 2006
Message Posted: Jan 16, 2013 10:11:58 AM

Up Down up down up down up do.............
Profile Pic
virostek
Veteran Author Virginia

Posts:423
Points:90,285
Joined:Oct 2012
Message Posted: Jan 16, 2013 9:36:01 AM

Not seeing it.
Profile Pic
SkooterG
Champion Author Phoenix

Posts:2,332
Points:616,225
Joined:May 2012
Message Posted: Jan 16, 2013 3:45:44 AM

Big deal.
Profile Pic
rahcat
Champion Author Grand Rapids

Posts:4,330
Points:995,925
Joined:Jan 2010
Message Posted: Jan 16, 2013 12:17:33 AM

Just have the Treasury print more money and the dollar will sink again.
Profile Pic
pa79th
Champion Author Pennsylvania

Posts:3,436
Points:1,540,375
Joined:Jun 2007
Message Posted: Jan 16, 2013 12:16:45 AM

Just wait until the dollar catches up to the Whie House's war on our economy!
Profile Pic
wshokie12
Champion Author Winston-Salem

Posts:2,535
Points:504,140
Joined:Aug 2012
Message Posted: Jan 16, 2013 12:16:37 AM

Okay.
Profile Pic
tedjm1
Champion Author New York

Posts:5,609
Points:801,050
Joined:Dec 2006
Message Posted: Jan 16, 2013 12:16:25 AM

Gas prices will rise.
Profile Pic
crreed1
Champion Author West Virginia

Posts:3,571
Points:2,848,515
Joined:May 2005
Message Posted: Jan 16, 2013 12:15:58 AM

3.45 a gal here
Profile Pic
bvrbill
Champion Author Eugene

Posts:5,816
Points:849,825
Joined:Jul 2011
Message Posted: Jan 16, 2013 12:15:21 AM

It's sure not down at the pump.
Profile Pic
unicornpmb
Champion Author Buffalo

Posts:10,157
Points:1,962,570
Joined:Sep 2005
Message Posted: Jan 16, 2013 12:14:02 AM

Now if we only put oil not gas into our cars. Diesel not included.
Profile Pic
Tsunamiron
Champion Author Jacksonville

Posts:2,977
Points:884,675
Joined:Mar 2011
Message Posted: Jan 16, 2013 12:13:10 AM

I don't see gas prices going down any.
Profile Pic
madison8359
Champion Author Cleveland

Posts:13,744
Points:1,926,270
Joined:Apr 2008
Message Posted: Jan 16, 2013 12:12:37 AM

Still hovering around $100 and retail is steady.
Profile Pic
yyc2yow
Champion Author Ottawa

Posts:1,037
Points:650,705
Joined:Dec 2009
Message Posted: Jan 16, 2013 12:12:36 AM

down down you go ... yeah right
Profile Pic
SpankyMI
Champion Author Kalamazoo

Posts:4,090
Points:1,053,585
Joined:Jan 2011
Message Posted: Jan 16, 2013 12:11:41 AM

Needs to get "down" to around $50 a barrel!
Profile Pic
UpSol7
Champion Author Augusta

Posts:2,200
Points:1,047,750
Joined:Sep 2008
Message Posted: Jan 16, 2013 12:09:29 AM

Fluctuation happens.
Profile Pic
Focus2
Champion Author Illinois

Posts:8,113
Points:2,025,985
Joined:Mar 2006
Message Posted: Jan 16, 2013 12:09:13 AM

And why shouldn't the dollar get strong with all American oil?
Profile Pic
VanIsleLes
All-Star Author British Columbia

Posts:898
Points:329,795
Joined:Jun 2012
Message Posted: Jan 16, 2013 12:08:25 AM

Prices are still low, but they've been a little lower in the fall
Profile Pic
jdevlin
All-Star Author Ontario

Posts:811
Points:1,678,005
Joined:Sep 2008
Message Posted: Jan 16, 2013 12:06:41 AM

Price hasn't dropped here for some time.
Profile Pic
medic319
All-Star Author Akron

Posts:756
Points:493,300
Joined:Mar 2012
Message Posted: Jan 16, 2013 12:06:20 AM

Hasn't helped the price at the pump very much!
Profile Pic
sjhman
Veteran Author Atlanta

Posts:428
Points:530,480
Joined:Sep 2008
Message Posted: Jan 16, 2013 12:05:47 AM

Keep going down down down!
Profile Pic
splitrman
Champion Author Victoria

Posts:2,927
Points:643,910
Joined:Jun 2012
Message Posted: Jan 16, 2013 12:03:43 AM

Gas droped a whopping 4 cents a gallon today in Victoria BC to a mere $4.56 a gallon.
Profile Pic
PrinceLH
Champion Author Ontario

Posts:4,363
Points:871,020
Joined:Jun 2011
Message Posted: Jan 16, 2013 12:03:24 AM

It's being tampered with!
Profile Pic
jetskijerry
Champion Author North Carolina

Posts:5,553
Points:1,103,820
Joined:Mar 2011
Message Posted: Jan 16, 2013 12:03:05 AM

too high
Profile Pic
Lizzylou
Champion Author Stockton

Posts:8,818
Points:2,357,285
Joined:Oct 2005
Message Posted: Jan 16, 2013 12:02:37 AM

Now if the gas would go down!
Profile Pic
Doomsday64
All-Star Author Austin

Posts:905
Points:370,150
Joined:Apr 2011
Message Posted: Jan 16, 2013 12:02:32 AM

For how long is the question.
Profile Pic
cheaper0ON
Champion Author Ontario

Posts:2,623
Points:729,755
Joined:Jan 2012
Message Posted: Jan 16, 2013 12:02:15 AM

Agree with "Eugenian" comment.

[Edited by: cheaper0ON at 1/16/2013 12:02:46 AM EST]
Profile Pic
s6sputnik
Champion Author Austin

Posts:7,213
Points:1,607,195
Joined:Jun 2007
Message Posted: Jan 15, 2013 11:58:33 PM

Some comments are really dumb!
Profile Pic
drillintheUSA
Champion Author Rochester

Posts:4,142
Points:499,565
Joined:Apr 2008
Message Posted: Jan 15, 2013 11:57:41 PM

If the Federal Reserve has their way, our dollar will NEVER "revive".
Profile Pic
MrPony
All-Star Author North Carolina

Posts:654
Points:611,900
Joined:Jul 2004
Message Posted: Jan 15, 2013 11:57:05 PM

Should bring gas prices down!
Profile Pic
BREW9
Champion Author Tampa

Posts:2,527
Points:3,244,205
Joined:Jun 2004
Message Posted: Jan 15, 2013 11:55:19 PM

good
Profile Pic
SparkieMi
Champion Author Kalamazoo

Posts:4,855
Points:907,510
Joined:Sep 2011
Message Posted: Jan 15, 2013 11:48:53 PM

Blg oil rules with the big $$$$$
Profile Pic
Rageagainsttm
Champion Author Tampa

Posts:9,873
Points:2,224,430
Joined:Jul 2007
Message Posted: Jan 15, 2013 11:48:17 PM

For how long is the question.
Profile Pic
DCbeachbum
Champion Author South Carolina

Posts:3,195
Points:1,176,150
Joined:May 2010
Message Posted: Jan 15, 2013 11:46:46 PM

The stronger dollar is the real news in this story. The crude dropping a few cents, not so much. However, I will take anything that may drop prices at the pump.
Profile Pic
Eugenian
Champion Author Oregon

Posts:2,785
Points:540,645
Joined:Oct 2009
Message Posted: Jan 15, 2013 11:44:16 PM

Up or down, down or up. Every day it's up or down, down or up.
Profile Pic
REKEY
Champion Author South Carolina

Posts:10,214
Points:2,027,025
Joined:May 2008
Message Posted: Jan 15, 2013 11:43:56 PM

The dollar rebounded? Wow!
Profile Pic
us4usa
Champion Author Missouri

Posts:7,005
Points:1,366,090
Joined:May 2008
Message Posted: Jan 15, 2013 11:43:44 PM

Higher oil prices higher gas prices, lower oil prices higher gas prices...
Profile Pic
cheap59
Champion Author Michigan

Posts:4,814
Points:1,217,120
Joined:May 2010
Message Posted: Jan 15, 2013 11:42:58 PM

GOOD!!
Profile Pic
Somis1
Champion Author Ventura

Posts:15,328
Points:2,935,705
Joined:Jul 2005
Message Posted: Jan 15, 2013 11:37:48 PM

Wow, all of thirty nine cents!
Profile Pic
melvindale
Champion Author Michigan

Posts:1,438
Points:351,230
Joined:Jun 2011
Message Posted: Jan 15, 2013 11:37:43 PM

Hurrah!
Profile Pic
Buddy2264
Champion Author Tampa

Posts:13,352
Points:2,692,620
Joined:Oct 2005
Message Posted: Jan 15, 2013 11:37:12 PM

Now we would be happy at $3.00 when once it was $2.00. The only way to win, some, is with better MPG, but then price will just catch up as they will maintain the same profit margins and other costs will go up. There will be a good alternative and we will find it.
Profile Pic
SoutheastdannyB
All-Star Author Grand Rapids

Posts:590
Points:583,930
Joined:Jul 2007
Message Posted: Jan 15, 2013 11:36:21 PM

hope it keeps going down.
Profile Pic
Mikeyl
Champion Author Cleveland

Posts:7,175
Points:1,509,465
Joined:Aug 2004
Message Posted: Jan 15, 2013 11:35:25 PM

Less than a 1% drop and we've made the top five news?

We have become Big Brother upon ourselves. We want every bit of information we can access... and for what? What good can we make from this? Nothing. We are consumers. Not oil executives, producers, or refiners.

What is this world coming to?
Profile Pic
Is246
Champion Author Albuquerque

Posts:1,113
Points:620,490
Joined:Apr 2011
Message Posted: Jan 15, 2013 11:33:00 PM

Keep going down.
Profile Pic
BCM1
Champion Author Pennsylvania

Posts:1,939
Points:880,170
Joined:Jun 2007
Message Posted: Jan 15, 2013 11:32:01 PM

QE3 has hurt americans. That's why the dollar is worth less, soon to be worthless.

[Edited by: BCM1 at 1/15/2013 11:32:30 PM EST]
Profile Pic
tutaw
Champion Author Kentucky

Posts:5,095
Points:1,166,190
Joined:Sep 2008
Message Posted: Jan 15, 2013 11:31:24 PM

good news
Profile Pic
OCTAPA
All-Star Author Toronto

Posts:506
Points:715,300
Joined:May 2011
Message Posted: Jan 15, 2013 11:29:43 PM

Not here, doesn't go down for weeks...
Profile Pic
geoutpb
Champion Author Midland Odessa

Posts:6,120
Points:1,361,585
Joined:Dec 2006
Message Posted: Jan 15, 2013 11:23:03 PM

Price needs to keep going up.
Profile Pic
Carol7777
Champion Author Houston

Posts:74,786
Points:480,790
Joined:Dec 2012
Message Posted: Jan 15, 2013 11:21:16 PM

Let's hope it keeps moving in that diection.
Post a reply Back to Topics