West Virginia Classifieds

GasBuddy News Article

votes

Oil Rises as Inventories Climb Less Than Forecast, Fuel Output Increases

Bloomberg --
Oil in New York climbed to the highest level this month after the U.S. Energy Department reported that supplies increased less than analysts forecast and refineries bolstered fuel production.

Futures rose 0.3 percent after the report showed crude stockpiles gained 304,000 barrels, less than the 2.5 million barrels estimated in a Bloomberg News survey. Refiners ramped up gasoline output on the East Coast, and Brent crude traded in London jumped more than West Texas Intermediate oil in New York.

Read the Full Article

Submitted Feb 09, 2012 By: des7902

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: Oil Rises as Inventories Climb Less Than Forecast, Fuel Output Increases	Post a Reply Back to Topics

REPLIES (newest first)

KDMWI Champion Author Wisconsin Posts:2,221 Points:226,525 Joined:Oct 2008	Message Posted: Feb 9, 2012 11:49:10 PM Ignore KDMWI Report Abuse I just read another article here that said we have an over supply of gas.
scu227 Champion Author New Haven Posts:2,210 Points:419,700 Joined:Feb 2011	Message Posted: Feb 9, 2012 1:09:20 PM Ignore scu227 Report Abuse Inventories and not increasing becuase production is don due to loweer demand. The speculators need to stop the bullshit.
1momsunshine Champion Author Ottawa Posts:3,646 Points:645,895 Joined:Mar 2010	Message Posted: Feb 9, 2012 12:25:21 PM Ignore 1momsunshine Report Abuse wow
WalkingWV Champion Author West Virginia Posts:2,374 Points:509,795 Joined:May 2008	Message Posted: Feb 9, 2012 12:11:13 PM Ignore WalkingWV Report Abuse Price at the pump remains high.
TripleHs Champion Author Austin Posts:1,837 Points:597,455 Joined:Oct 2009	Message Posted: Feb 9, 2012 11:13:54 AM Ignore TripleHs Report Abuse there is no shortage for speculation "reasons"
doctorindyj Champion Author Santa Fe Posts:2,255 Points:508,455 Joined:Nov 2009	Message Posted: Feb 9, 2012 10:25:49 AM Ignore doctorindyj Report Abuse That's not news. Wake me when it goes down. Now that would be news.
Night Owl Champion Author Toronto Posts:5,780 Points:1,434,675 Joined:Jul 2004	Message Posted: Feb 9, 2012 10:24:58 AM Ignore Night Owl Report Abuse More excuses from greedy Wall Street oil speculators. When is President Obama's April 21st task force on high oil and gas prices finally going to report back?
Goatroper Champion Author Dallas Posts:5,179 Points:1,011,500 Joined:Apr 2004	Message Posted: Feb 9, 2012 10:24:47 AM Ignore Goatroper Report Abuse Translation - prices will continue to rise whether the inventories increase or decrease.
brbaritone Champion Author Virginia Posts:1,242 Points:1,366,045 Joined:Jan 2007	Message Posted: Feb 9, 2012 10:09:39 AM Ignore brbaritone Report Abuse Inventories rose, but not as much as expected. Therefore, the price goes up. Amazing.
LEGION57 Champion Author South Carolina Posts:1,482 Points:247,525 Joined:Mar 2011	Message Posted: Feb 9, 2012 10:03:51 AM Ignore LEGION57 Report Abuse oh dang
WildmanMick Veteran Author North Carolina Posts:354 Points:145,145 Joined:May 2011	Message Posted: Feb 9, 2012 10:01:18 AM Ignore WildmanMick Report Abuse Oil rises....PERIOD!
investmentdr Champion Author Cleveland Posts:2,355 Points:1,101,985 Joined:Sep 2008	Message Posted: Feb 9, 2012 9:56:10 AM Ignore investmentdr Report Abuse buy now, pump prices ready to spike