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Crude oil, gold drop after sentiment data

The Wall Street Journal -- NEW YORK (MarketWatch) -- Crude oil and gold futures turned lower in morning trade Friday after a survey showed U.S. consumers were less optimistic in March. Crude oil for April delivery was down 2 cents at $82.09 a barrel in electronic trade. It earlier rose to a high of $83.20 a barrel, lifted by the International Energy Agency's forecast for higher global oil demand. Gold for April was down 1.10, or 0.1%, at $1,107.10 an ounce, off a morning high of $1,119.50 an ounce.

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Submitted Mar 14, 2010 By: billbearAL

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honda0105 Champion Author Tallahassee Posts:15,290 Points:1,146,200 Joined:Nov 2008	Message Posted: Mar 15, 2010 9:13:26 PM Ignore honda0105 Report Abuse enorms: that's the only way they can make money out of thin air.
honda0105 Champion Author Tallahassee Posts:15,290 Points:1,146,200 Joined:Nov 2008	Message Posted: Mar 15, 2010 9:12:45 PM Ignore honda0105 Report Abuse good to know bigmaninarig. Hope it keeps on going down..
bigmaninarig Champion Author St. Louis Posts:3,142 Points:563,645 Joined:Jul 2008	Message Posted: Mar 15, 2010 6:46:30 PM Ignore bigmaninarig Report Abuse Starting a slow decline here.
ENORMS Champion Author Colorado Posts:3,014 Points:1,175,810 Joined:Sep 2006	Message Posted: Mar 15, 2010 7:36:39 AM Ignore ENORMS Report Abuse All the speculators are getting the ball rolling to keep crude oil rising!
honda0105 Champion Author Tallahassee Posts:15,290 Points:1,146,200 Joined:Nov 2008	Message Posted: Mar 15, 2010 7:05:28 AM Ignore honda0105 Report Abuse IEA is in kahootz with the media. Of course they have to predict higher demand or there won't be any profits for the Pig Oil cartell whose members line the IEA members' pockets.
honda0105 Champion Author Tallahassee Posts:15,290 Points:1,146,200 Joined:Nov 2008	Message Posted: Mar 15, 2010 7:04:14 AM Ignore honda0105 Report Abuse wow, down 2 cents?! What a drop. Can't believe consumer confidence is not as high as expected. Gee, the media tells us that the economy is improving by leaps and bounds. So why the gloom 'n doom attitude that makes crude DROP? (Okay, sarcasm off).
CruisinLinda Champion Author Tallahassee Posts:7,947 Points:1,621,420 Joined:Sep 2005	Message Posted: Mar 15, 2010 2:08:34 AM Ignore CruisinLinda Report Abuse We see how much effect demand has on oil prices. Be optimistic, but USE LESS!
10k Champion Author North Carolina Posts:16,637 Points:1,791,770 Joined:May 2006	Message Posted: Mar 15, 2010 1:16:11 AM Ignore 10k Report Abuse gold speculation now ??..geezzzz..
thriftymeCA Sophomore Author Oakland Posts:127 Points:31,075 Joined:Feb 2010	Message Posted: Mar 15, 2010 1:08:16 AM Ignore thriftymeCA Report Abuse Prices are on the move upward here in Northern CA
Amtrgas Champion Author Oakland Posts:2,553 Points:1,234,045 Joined:Dec 2007	Message Posted: Mar 15, 2010 1:08:14 AM Ignore Amtrgas Report Abuse Those are just ripples on the pond.
Sgt151 Sophomore Author Louisiana Posts:102 Points:763,170 Joined:Oct 2008	Message Posted: Mar 15, 2010 1:06:25 AM Ignore Sgt151 Report Abuse Falling in the Baton Rouge area.
DosEquis26 Champion Author Chicago Posts:3,773 Points:1,545,470 Joined:Jun 2006	Message Posted: Mar 15, 2010 1:03:58 AM Ignore DosEquis26 Report Abuse the pump price is still going up
MRED3 Champion Author Jacksonville Posts:3,626 Points:803,345 Joined:May 2009	Message Posted: Mar 15, 2010 1:00:46 AM Ignore MRED3 Report Abuse It`s all ways going up or down.
toyota1999 Champion Author Louisville Posts:5,193 Points:1,167,325 Joined:May 2007	Message Posted: Mar 15, 2010 12:58:17 AM Ignore toyota1999 Report Abuse Gas prices are falling here in Louisville.
Gary65 Champion Author Toronto Posts:1,501 Points:511,655 Joined:Jan 2009	Message Posted: Mar 15, 2010 12:56:00 AM Ignore Gary65 Report Abuse Who really cares by how much the powers that me manipulated the price.
Nicoalbum Champion Author Ottawa Posts:3,596 Points:726,260 Joined:Jan 2010	Message Posted: Mar 15, 2010 12:54:27 AM Ignore Nicoalbum Report Abuse Those variations are negligeable, not even worth of a posted article.
esquared Champion Author Oklahoma City Posts:6,107 Points:1,578,850 Joined:Jan 2006	Message Posted: Mar 15, 2010 12:50:57 AM Ignore esquared Report Abuse My sentiment? Conserve, baby, conserve!
oahugasit All-Star Author Hawaii Posts:556 Points:608,115 Joined:Jul 2008	Message Posted: Mar 15, 2010 12:49:15 AM Ignore oahugasit Report Abuse good 'old speculation!
vulcan96 Champion Author Ohio Posts:21,195 Points:2,643,495 Joined:Aug 2004	Message Posted: Mar 15, 2010 12:48:28 AM Ignore vulcan96 Report Abuse yada, yada , yada !
jackson661 Champion Author Columbus Posts:2,792 Points:1,050,870 Joined:May 2006	Message Posted: Mar 15, 2010 12:47:22 AM Ignore jackson661 Report Abuse up and down and up... up again,,small down
idigau22 Champion Author Washington Posts:20,246 Points:2,808,100 Joined:Apr 2003	Message Posted: Mar 15, 2010 12:43:57 AM Ignore idigau22 Report Abuse Yawn!!! Zzzzzzzzzzzzzz!
JoeKR Champion Author New Jersey Posts:7,263 Points:1,417,965 Joined:Feb 2006	Message Posted: Mar 15, 2010 12:41:18 AM Ignore JoeKR Report Abuse The pundits find meaning in anything, then feed the speculator frenzy!
TBONE3 Champion Author Pennsylvania Posts:6,408 Points:1,514,645 Joined:Mar 2005	Message Posted: Mar 15, 2010 12:40:18 AM Ignore TBONE3 Report Abuse TWO STINKIN CENTS??? Hardly worth writing about.
Z51Corvette Champion Author Austin Posts:6,182 Points:1,228,540 Joined:Jan 2008	Message Posted: Mar 15, 2010 12:40:02 AM Ignore Z51Corvette Report Abuse Didn't I say that earlier this week!!! It will drop below 80 shortly... likely hit a low of 75 or 76 before Summer.
altonb1 Champion Author Pennsylvania Posts:6,915 Points:1,058,545 Joined:Jul 2005	Message Posted: Mar 15, 2010 12:39:33 AM Ignore altonb1 Report Abuse Let me know when oil starts trading under $70 on its way back down to $40, where it should be.
52MPG Champion Author Dayton Posts:4,929 Points:1,281,405 Joined:Apr 2006	Message Posted: Mar 15, 2010 12:38:02 AM Ignore 52MPG Report Abuse A two cent change on a $82.09 price is meaningless.
MidNJ Champion Author New Jersey Posts:4,662 Points:743,495 Joined:Sep 2009	Message Posted: Mar 15, 2010 12:33:22 AM Ignore MidNJ Report Abuse It is all about the speculators. Check out this weeks poll.
PaylessKY Champion Author Kentucky Posts:6,130 Points:1,126,400 Joined:Oct 2008	Message Posted: Mar 15, 2010 12:32:31 AM Ignore PaylessKY Report Abuse This is only the beginning of the economic problems.
Toppers Champion Author Atlanta Posts:6,678 Points:2,009,700 Joined:Mar 2005	Message Posted: Mar 15, 2010 12:30:16 AM Ignore Toppers Report Abuse They just can't figure out why it should keep goin' up...
rxman1 Champion Author Toledo Posts:7,025 Points:1,401,170 Joined:Nov 2007	Message Posted: Mar 15, 2010 12:26:27 AM Ignore rxman1 Report Abuse Guesses, guesses and more guesses. Where is the crystal ball?
MidNJ Champion Author New Jersey Posts:4,662 Points:743,495 Joined:Sep 2009	Message Posted: Mar 15, 2010 12:24:49 AM Ignore MidNJ Report Abuse I agree with 77ART Crude oil,gold and the stock market is overpriced. When it crashes again just before the next presidential election 2012 they can say nobody saw it coming, same old song and dance.
Bus561 Champion Author Lexington Posts:14,096 Points:2,757,005 Joined:May 2004	Message Posted: Mar 15, 2010 12:23:25 AM Ignore Bus561 Report Abuse It needs to go lower and stay lower, but it probably won't.
tedjm1 Champion Author New York Posts:3,560 Points:393,585 Joined:Dec 2006	Message Posted: Mar 15, 2010 12:18:54 AM Ignore tedjm1 Report Abuse Prices are rising. Getting ready for the summer.
CobraLeader Champion Author New Jersey Posts:267,902 Points:1,200,750 Joined:Apr 2007	Message Posted: Mar 15, 2010 12:18:11 AM Ignore CobraLeader Report Abuse ... If you believe this, I still have a few bridges left FOR SALE! ...
Blue_Cruzer Champion Author Lexington Posts:5,172 Points:1,206,625 Joined:Mar 2007	Message Posted: Mar 15, 2010 12:15:02 AM Ignore Blue_Cruzer Report Abuse Wait till Monday, probably will be up again.
altima2008 Champion Author Philadelphia Posts:5,813 Points:1,276,305 Joined:Apr 2008	Message Posted: Mar 15, 2010 12:13:38 AM Ignore altima2008 Report Abuse Down 2 cents then up 2 dollars. Great to be living in the usa, not!
Chris46 Champion Author Dayton Posts:17,222 Points:1,676,645 Joined:Sep 2005	Message Posted: Mar 15, 2010 12:11:47 AM Ignore Chris46 Report Abuse When oil and gold get high enough to make the speculators nervous, the prices will drop. Its not sustainable.
katiejayWV Champion Author West Virginia Posts:1,858 Points:713,225 Joined:Nov 2008	Message Posted: Mar 15, 2010 12:07:51 AM Ignore katiejayWV Report Abuse 2 cents, are you kidding me. This is news?
LoneGuy Champion Author Lansing Posts:6,168 Points:1,860,680 Joined:Aug 2005	Message Posted: Mar 15, 2010 12:06:22 AM Ignore LoneGuy Report Abuse They say diversify. That is one way to survive in a changing world.
PithyOpiner Champion Author Stockton Posts:12,361 Points:1,175,750 Joined:Jun 2008	Message Posted: Mar 15, 2010 12:05:54 AM Ignore PithyOpiner Report Abuse 2 cents??? Do we need a news article to find this out? 2 cents? I don't need for the presses to stop to learn about this. Don't waste my time for 2 cents!!! For crying out loud.
joel27nc Champion Author Raleigh Posts:8,177 Points:1,396,345 Joined:Mar 2008	Message Posted: Mar 15, 2010 12:05:31 AM Ignore joel27nc Report Abuse Yet the prices at the pump are still rising.
eddyp94 Champion Author Ontario Posts:6,768 Points:1,384,810 Joined:Mar 2008	Message Posted: Mar 15, 2010 12:05:15 AM Ignore eddyp94 Report Abuse that's news to me...
RedRam2005 Champion Author San Antonio Posts:5,716 Points:1,061,210 Joined:Dec 2007	Message Posted: Mar 15, 2010 12:04:50 AM Ignore RedRam2005 Report Abuse Speculation
danreino Champion Author Twin Cities Posts:6,297 Points:1,147,190 Joined:Mar 2008	Message Posted: Mar 15, 2010 12:00:39 AM Ignore danreino Report Abuse Oil needs to drop to about $45
outlaw329 Champion Author Austin Posts:5,304 Points:935,845 Joined:Aug 2008	Message Posted: Mar 14, 2010 11:59:03 PM Ignore outlaw329 Report Abuse just continue to drop
sammynorge Champion Author Columbus Posts:1,259 Points:326,340 Joined:Jan 2006	Message Posted: Mar 14, 2010 11:57:32 PM Ignore sammynorge Report Abuse In the midst of a Bushian Nightmare economy, nothing is doing well. Thanks to all those Republican corporatists who think a free market is best. Re-regulate Wall Street and all large, corporate industries.
mstearno Champion Author Dayton Posts:5,887 Points:1,290,185 Joined:Jan 2008	Message Posted: Mar 14, 2010 11:53:29 PM Ignore mstearno Report Abuse We've jumped like crazy here
FastAndy Champion Author Indianapolis Posts:4,415 Points:1,580,380 Joined:Jun 2007	Message Posted: Mar 14, 2010 11:52:01 PM Ignore FastAndy Report Abuse That is the way it is, either the economy is suffering or we have to suffer with high gas prices.
zenetic Rookie Author San Francisco Posts:5 Points:20,080 Joined:Mar 2010	Message Posted: Mar 14, 2010 11:51:24 PM Ignore zenetic Report Abuse Like others said, I don't see any drop!! Where is it...?
granitestater Champion Author New Hampshire Posts:6,334 Points:1,022,370 Joined:Oct 2008	Message Posted: Mar 14, 2010 11:46:05 PM Ignore granitestater Report Abuse We're worried about the price of gold now??