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Crude Edges Higher After Modest Oil-Stocks Build

Dow Jones Newswires --
Crude-oil futures finished slightly higher Wednesday after a government report showed U.S. crude-oil stockpiles rose less than expected last week, although oil demand overall was weak.

Light, sweet crude oil for March delivery settled up 30 cents, or 0.3%, to $98.71 a barrel on the New York Mercantile Exchange. Brent crude oil on the ICE futures exchange settled 97 cents per barrel, or 0.8%, higher at $117.20.

U.S. oil inventories last week rose 300,000 barrels, the Department of Energy reported, well below the 2.7-million-barrel increase forecast by analysts surveyed by Dow Jones Newswires.

Despite the modest increase, weak demand continues to keep prices restrained. Nymex futures actually declined from highs of $100.09 a barrel following the weekly survey from the DOE's Energy

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Submitted Feb 09, 2012 By: RENEGADEGAS

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Cheepo Champion Author Tampa Posts:8,123 Points:2,778,340 Joined:Apr 2003	Message Posted: Feb 11, 2012 12:03:14 PM Ignore Cheepo Report Abuse Drill baby drill and build that pipeline!!!!!!!
sparky808 Champion Author Honolulu Posts:1,230 Points:243,325 Joined:Sep 2011	Message Posted: Feb 10, 2012 12:34:24 PM Ignore sparky808 Report Abuse Thank you for posting.
tomok Champion Author Portland Posts:26,090 Points:1,985,410 Joined:Aug 2006	Message Posted: Feb 10, 2012 3:07:37 AM Ignore tomok Report Abuse Crude Edges Higher After Modest Oil-Stocks Build and STOP Big oil from selling fuel and natural gas on the world market for higher prices, there will be NO price reduction for the cost of fuel or natural gas IN the US. Barry will support natural gas and oil production for sale on the world market to pay for his ‘spending gone wild’ addiction. The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their benefit. Whatever the size or shape of the vehicle is, Produce and ‘Drive’ vehicles with high MPG, are very 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!
Krykson All-Star Author Chicago Posts:840 Points:247,185 Joined:Jul 2006	Message Posted: Feb 10, 2012 2:46:00 AM Ignore Krykson Report Abuse Interesting
DrCashFlow Champion Author Massachusetts Posts:5,296 Points:1,274,200 Joined:Jun 2008	Message Posted: Feb 10, 2012 12:43:07 AM Ignore DrCashFlow Report Abuse Noise
cupboy Champion Author Salt Lake City Posts:1,581 Points:782,175 Joined:Nov 2005	Message Posted: Feb 9, 2012 10:20:22 PM Ignore cupboy Report Abuse The more demand goes down, the more that's sold to China.
goldrose1 Champion Author Cleveland Posts:9,070 Points:1,573,840 Joined:Feb 2005	Message Posted: Feb 9, 2012 8:43:00 PM Ignore goldrose1 Report Abuse money, money, money!
my2002m Champion Author Tulsa Posts:4,264 Points:1,310,320 Joined:Jul 2008	Message Posted: Feb 9, 2012 8:10:41 PM Ignore my2002m Report Abuse Probably going to be an expensive summer for gas prices.
Fitwit Champion Author Stockton Posts:4,802 Points:1,034,755 Joined:May 2009	Message Posted: Feb 9, 2012 6:27:55 PM Ignore Fitwit Report Abuse Barrels Barrels Barrels.
Mr.Dirt Champion Author Albany Posts:7,086 Points:2,254,125 Joined:Mar 2004	Message Posted: Feb 9, 2012 6:21:51 PM Ignore Mr.Dirt Report Abuse just hold the tankers out to sea then the price goes up bring in the ships we all get rich government and big oil
Mowerman08 Champion Author Milwaukee Posts:2,997 Points:878,000 Joined:Aug 2008	Message Posted: Feb 9, 2012 6:05:19 PM Ignore Mowerman08 Report Abuse PROFIT, PROFIT, PROFIT!
ezone Champion Author Florida Posts:1,907 Points:687,860 Joined:Oct 2008	Message Posted: Feb 9, 2012 6:02:11 PM Ignore ezone Report Abuse Up, down, up, down. Flavor of the week.
TNT2EC Champion Author Wisconsin Posts:3,288 Points:1,173,800 Joined:Oct 2008	Message Posted: Feb 9, 2012 6:00:35 PM Ignore TNT2EC Report Abuse So demand is down. So prices should go down.
ou812again Champion Author Cincinnati Posts:1,597 Points:332,700 Joined:Apr 2011	Message Posted: Feb 9, 2012 5:57:15 PM Ignore ou812again Report Abuse same crap
Bleeder Champion Author Virginia Posts:6,602 Points:1,366,360 Joined:Jan 2008	Message Posted: Feb 9, 2012 5:51:42 PM Ignore Bleeder Report Abuse Same stuff, different day.
aarrrt Champion Author San Diego Posts:5,917 Points:1,316,065 Joined:May 2008	Message Posted: Feb 9, 2012 5:50:25 PM Ignore aarrrt Report Abuse More of the same.
cbuck80 All-Star Author Tulsa Posts:597 Points:88,975 Joined:Jan 2012	Message Posted: Feb 9, 2012 5:48:58 PM Ignore cbuck80 Report Abuse if government wants to do something for the country. Than they need to help the little people and lower gas prices.
Lizzylou Champion Author Stockton Posts:7,561 Points:2,106,870 Joined:Oct 2005	Message Posted: Feb 9, 2012 5:45:48 PM Ignore Lizzylou Report Abuse Barrel still under $100 and gas prices continue to rise daily!!!
BigBob12345 Champion Author Gasbuddy Posts:1,062 Points:205,990 Joined:Aug 2011	Message Posted: Feb 9, 2012 5:44:51 PM Ignore BigBob12345 Report Abuse You said it,jetlagAK !!!!!!!!!!!!!!!!!!!
jetlagAK Champion Author Anchorage Posts:1,259 Points:381,060 Joined:Jan 2010	Message Posted: Feb 9, 2012 5:42:40 PM Ignore jetlagAK Report Abuse This is just another case of Barackanomics gone wild. Nobama2012!
TheDix Champion Author Ontario Posts:2,395 Points:428,040 Joined:Dec 2009	Message Posted: Feb 9, 2012 5:41:30 PM Ignore TheDix Report Abuse I'm moderately surprised.
monarch57 Champion Author British Columbia Posts:1,108 Points:90,560 Joined:Nov 2008	Message Posted: Feb 9, 2012 5:35:58 PM Ignore monarch57 Report Abuse Lets put a price freeze on oil at $99 a barrel, but can come down at anytime.
cheap59 Champion Author Michigan Posts:2,690 Points:621,595 Joined:May 2010	Message Posted: Feb 9, 2012 5:35:57 PM Ignore cheap59 Report Abuse Down not up!!
camel1 Champion Author Minnesota Posts:6,542 Points:1,918,715 Joined:Jul 2006	Message Posted: Feb 9, 2012 5:32:32 PM Ignore camel1 Report Abuse Inventories are up and so are prices! How economically abnormal
lewpuckett All-Star Author Georgia Posts:648 Points:350,245 Joined:Mar 2011	Message Posted: Feb 9, 2012 5:31:39 PM Ignore lewpuckett Report Abuse & still paying record prices IT WILL ONLY GET WORSE
dynamouse Champion Author Michigan Posts:2,629 Points:1,390,885 Joined:Dec 2006	Message Posted: Feb 9, 2012 5:30:28 PM Ignore dynamouse Report Abuse we need to drill and refine more open up all over to drilling if you see o0bama tell him what you think of him wanting gas at $5-6 a gal and all the money he is throwing away on these greeen companys we need him out all of his clown pals
Focus2 Champion Author Illinois Posts:6,728 Points:1,705,575 Joined:Mar 2006	Message Posted: Feb 9, 2012 5:30:28 PM Ignore Focus2 Report Abuse I don't think which president we have matters with gas prices. We paid over $4 with Bush too. I found a trip record in 1996 and gasoline was only 90 cents a gallon.
wulf2000 Champion Author Miami Posts:1,718 Points:1,079,740 Joined:May 2005	Message Posted: Feb 9, 2012 5:25:54 PM Ignore wulf2000 Report Abuse Where I live the gas price is just going up. I already have seen prices slightly above $4.
altima2008 Champion Author Philadelphia Posts:6,336 Points:1,379,500 Joined:Apr 2008	Message Posted: Feb 9, 2012 5:25:39 PM Ignore altima2008 Report Abuse As soon as we get a real president in office the prices will go down.
Jumpmaster82 All-Star Author South Carolina Posts:731 Points:552,855 Joined:Nov 2008	Message Posted: Feb 9, 2012 5:24:14 PM Ignore Jumpmaster82 Report Abuse Expect higher prices. obama's agenda with ANWR, gulf oil exploration and with the cancelled pipeline is to make fossil fuel prices increase to make alternative energy more attractive. Normally, that would be enough to do him in as a one term president, except the Republicans are so screwed up this time that he may well get re-elected... and gas prices will go even higher!
armey Champion Author Oregon Posts:1,163 Points:278,645 Joined:Aug 2008	Message Posted: Feb 9, 2012 5:22:31 PM Ignore armey Report Abuse Uh ok!
RAE344 Champion Author Virginia Beach Posts:1,231 Points:305,595 Joined:Jun 2011	Message Posted: Feb 9, 2012 5:19:21 PM Ignore RAE344 Report Abuse Maybe if inventories go down the price will go down. Vs. inventories go up and prices go up.
DeHavilland Champion Author Toronto Posts:4,091 Points:1,551,290 Joined:Jun 2007	Message Posted: Feb 9, 2012 5:17:17 PM Ignore DeHavilland Report Abuse More of the same.
nigelb Champion Author Virginia Posts:6,839 Points:1,062,525 Joined:Feb 2008	Message Posted: Feb 9, 2012 5:14:46 PM Ignore nigelb Report Abuse The speculators must be at it again. The speculators must be regulated. Raise the margin requirement and make them take delivery on their contracts. Sadly, the block head Republicans will oppose any regulation, just as they opposed regulating Wall Street and the banks after the financial collapse. The GOBP has the interest of big business and the very wealthy (read big contributors) at heart, not those of the middle class. Vote them out in 2012!
ds531 Champion Author Texas Posts:1,073 Points:235,650 Joined:Sep 2011	Message Posted: Feb 9, 2012 5:12:30 PM Ignore ds531 Report Abuse MMMMMMMMMMmmmmmmmmmmmmmm
Voltus Champion Author Miami Posts:6,791 Points:1,228,880 Joined:May 2005	Message Posted: Feb 9, 2012 5:11:17 PM Ignore Voltus Report Abuse one article contradicts the previous one
bobsalwaysmt Champion Author Long Island Posts:3,694 Points:219,140 Joined:Oct 2007	Message Posted: Feb 9, 2012 5:08:33 PM Ignore bobsalwaysmt Report Abuse Higher - didnt the other article say demand projection was down?
geoutpb Champion Author Midland Odessa Posts:3,039 Points:758,230 Joined:Dec 2006	Message Posted: Feb 9, 2012 5:07:40 PM Ignore geoutpb Report Abuse Prices will stay about the same. Looks like oil will stay in the 95-101 range for most of 2012.
CQQKIE All-Star Author Illinois Posts:615 Points:275,290 Joined:Jul 2008	Message Posted: Feb 9, 2012 5:05:23 PM Ignore CQQKIE Report Abuse Here goes prices again
VetteBlue Champion Author San Jose Posts:8,023 Points:1,612,720 Joined:Jan 2007	Message Posted: Feb 9, 2012 5:03:56 PM Ignore VetteBlue Report Abuse Dont care anymore.
Tucker1961 Champion Author Seattle Posts:1,925 Points:316,355 Joined:Jun 2009	Message Posted: Feb 9, 2012 4:58:00 PM Ignore Tucker1961 Report Abuse zzzzzzzzzzz
Caribou2011 Champion Author Ohio Posts:2,002 Points:419,320 Joined:Feb 2011	Message Posted: Feb 9, 2012 4:56:52 PM Ignore Caribou2011 Report Abuse Ok
glorioussnookie Champion Author Tennessee Posts:3,418 Points:596,655 Joined:Feb 2010	Message Posted: Feb 9, 2012 4:56:33 PM Ignore glorioussnookie Report Abuse Amen to ShabbyPA! excellent comment!
confetti Veteran Author Tampa Posts:317 Points:236,590 Joined:Jan 2006	Message Posted: Feb 9, 2012 4:56:05 PM Ignore confetti Report Abuse Prices for gas are too high. Let's elect politicians committed to small government and less regulation, so prices will come down!
bluetatanka Champion Author Philadelphia Posts:24,957 Points:421,075 Joined:Mar 2011	Message Posted: Feb 9, 2012 4:53:25 PM Ignore bluetatanka Report Abuse "SEE-SAW" up & down, up & down, ...
HDFXR1991 Veteran Author Wisconsin Posts:323 Points:92,555 Joined:Sep 2008	Message Posted: Feb 9, 2012 4:50:23 PM Ignore HDFXR1991 Report Abuse 3.50 4.00 4.50 and then maybe 5.00 it will never end till the wrong button is pushed
MDTDriver Champion Author California Posts:7,962 Points:1,797,950 Joined:Jul 2006	Message Posted: Feb 9, 2012 4:48:08 PM Ignore MDTDriver Report Abuse Spceulator at work!
colaguy Champion Author Columbia Posts:2,074 Points:756,805 Joined:Oct 2008	Message Posted: Feb 9, 2012 4:45:50 PM Ignore colaguy Report Abuse anything to get the price higher
CDMAuto Champion Author Connecticut Posts:1,958 Points:393,835 Joined:Apr 2011	Message Posted: Feb 9, 2012 4:45:34 PM Ignore CDMAuto Report Abuse speculator news
viperahul Veteran Author Oakland Posts:470 Points:313,350 Joined:Feb 2006	Message Posted: Feb 9, 2012 4:41:27 PM Ignore viperahul Report Abuse Bring it down!