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MARKET WATCH: Oil prices continue to waffle

Oil & Gas Journal -- Oil prices continued retreating with front-month crude down 1.4% in the New York futures market July 30 but rose at midday July 31 after the Energy Information Administration reported the first increase in US crude inventories in 5 weeks. Natural gas prices continued to slide, down 0.4% at yesterday’s close.

In equity trading, analysts in the Houston office of Raymond James & Associates Inc. reported, “The stock market was underwhelmed by President Barack Obama's tax-cut-shaped olive branch yesterday. The Standard & Poor’s 500 Index closed less than a tenth of a percent higher than where it started. This probably isn’t surprising since the two parties in Washington remain at loggerheads about how potential revenues should be spent.”

Obama proposed a corporate tax cut in exchange for more


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Submitted Aug 01, 2013 By: Pielededrac
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: MARKET WATCH: Oil prices continue to waffle Back to Topics
REPLIES (newest first) Post a Reply
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52MPG
Champion Author Dayton

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Message Posted: Aug 1, 2013 4:08:12 PM

Up and down as usual.
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PhilMils
Champion Author Virginia

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Message Posted: Aug 1, 2013 11:13:18 AM

Carefully watch the price difference between WTI and Brent oil. Early in the year, WTI was over $22/barrel cheaper. A couple of weeks ago, WTI was more expensive. Now, WTI is about $3/barrel cheaper. Because of the cost of extracting oil with the new WTI wells, WTI may not be competitive anymore.
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pscamp
Champion Author Ottawa

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Message Posted: Aug 1, 2013 9:08:41 AM

Whatever
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ty58
Veteran Author Akron

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Message Posted: Aug 1, 2013 8:35:41 AM

And the beat goes on
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mastermariner
Champion Author Texas

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Message Posted: Aug 1, 2013 8:25:40 AM

Upwards
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dabayer
Champion Author New Hampshire

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Message Posted: Aug 1, 2013 8:17:38 AM

Nothing but greedy manipulation and speculation!
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lcleveland
Champion Author San Antonio

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Message Posted: Aug 1, 2013 8:03:00 AM

prices here continue to rise
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brbaritone
Champion Author Virginia

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Message Posted: Aug 1, 2013 7:19:50 AM

As long as oil remains above $100/barrel, it threatens to push our economy into recession.
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nicven
All-Star Author Virginia Beach

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Message Posted: Aug 1, 2013 5:32:18 AM

Price dropped 9 cents last week here in NE Florida.
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EvergreenON
Champion Author Ontario

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Message Posted: Aug 1, 2013 5:27:11 AM

Not at the pump
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Bonanza
Champion Author Boston

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Message Posted: Aug 1, 2013 5:10:14 AM

Big oil will just keep making reasons to steal our money
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VMIJim
Champion Author Alabama

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Message Posted: Aug 1, 2013 5:10:00 AM

And the roller coaster ride of gas prices continues! The bottom line is that Obama has done nothing to control oil speculation/prices, reduce our dependence on foreign oil, or improve our economy. His sole agenda is to cater to his tree hugging, stimulus sucking, union dominated, ultral liberal major contributors. As a result, we continue to be screwed at the pump, with our utilities, & with our taxes. Nothing will change as long as Obama is in office & controls the Senate. 2014 Elections are coming - stop this madness!!
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mrjames1818
Champion Author New Jersey

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Message Posted: Aug 1, 2013 5:06:33 AM

No reason to "waffle" - we are swimming in crude - it's the oil companies setting the price since domestic oil is not subject to global pricing
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djgunrunner
Champion Author Salt Lake City

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Message Posted: Aug 1, 2013 4:52:24 AM

The can afford to waffle when they are at least $35.00 too high to start with.
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Cebo
Champion Author Maryland

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Message Posted: Aug 1, 2013 4:42:26 AM

Okay
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1fulltank
Champion Author Buffalo

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Message Posted: Aug 1, 2013 4:39:36 AM

Yawn.........
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nightworker998
Champion Author Maryland

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Message Posted: Aug 1, 2013 4:32:36 AM

More Government smoke and mirrors
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findcheap
Champion Author Los Angeles

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Message Posted: Aug 1, 2013 4:26:39 AM

this article is guesswork as to reasons
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twobroke61
Champion Author Michigan

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Message Posted: Aug 1, 2013 4:22:43 AM

well said Quick68
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viperND
Champion Author South Bend

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Message Posted: Aug 1, 2013 4:22:27 AM

bah
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Quick68
Champion Author Columbus

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Message Posted: Aug 1, 2013 4:18:47 AM

It's not the oil prices that are waffling. It our lawmakers in Washington.
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VetteFan
Champion Author Indiana

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Message Posted: Aug 1, 2013 4:18:20 AM

Are you sure? Duh!!
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billybopWI
Champion Author Wisconsin

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Message Posted: Aug 1, 2013 4:17:40 AM

I still believe they will drop in the near future for the longer term when American production continues to grow
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SteveMartin
Champion Author New Orleans

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Message Posted: Aug 1, 2013 4:15:20 AM

Stinking commie.
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greshams
Champion Author Cincinnati

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Message Posted: Aug 1, 2013 4:11:42 AM

wasn't to long ago they was talking about how low fuel prices were going to get, it's all a con job.
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mohammed10
Champion Author Gainesville

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Message Posted: Aug 1, 2013 4:07:54 AM

Whatever
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trikie316
Veteran Author Atlanta

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Message Posted: Aug 1, 2013 4:05:58 AM

smh
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LJDJ
Champion Author Fort Worth

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Message Posted: Aug 1, 2013 4:04:45 AM

You mean waiver......
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BigDogOH
Champion Author Cincinnati

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Message Posted: Aug 1, 2013 4:03:11 AM

Use our own oil.Tell OPEC to eat sand!!! Oh I forgot obummer in bed with OPEC
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Pozole
Champion Author Portland

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Message Posted: Aug 1, 2013 3:58:30 AM

...mmmmm, crude oil crepes...
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hybridaholic
Champion Author Appleton

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Message Posted: Aug 1, 2013 3:55:32 AM

Pancaking upward.
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mazdaboy
Champion Author Portland

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Message Posted: Aug 1, 2013 3:55:01 AM

Gas prices have been uneventful.
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vibdata
Champion Author Massachusetts

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Message Posted: Aug 1, 2013 3:54:17 AM

I bet you could never make a more non-news headline than this one.
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bradleyo1
Champion Author Virginia

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Message Posted: Aug 1, 2013 3:53:42 AM

*
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N5EXY
Champion Author Austin

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Message Posted: Aug 1, 2013 3:51:16 AM

Good grief. Another recycled story.
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BIGOILEATURCRUD
Champion Author North Carolina

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Message Posted: Aug 1, 2013 3:48:33 AM


$105.56, the bottom must be falling out
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Ezstop00
Champion Author Sacramento

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Message Posted: Aug 1, 2013 3:46:44 AM

Interesting.
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Steveshonda
Champion Author Omaha

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Message Posted: Aug 1, 2013 3:46:11 AM

what?
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blindmanTX
Champion Author Houston

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Message Posted: Aug 1, 2013 3:39:44 AM

and prolly never will be stable
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lgwhitlock
Champion Author Chico

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Message Posted: Aug 1, 2013 3:39:09 AM

I guess this is why prices at the pump have not been as stable lately...
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UseLessGasFolks
Champion Author Iowa

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Message Posted: Aug 1, 2013 3:38:40 AM


Waffle? When will they pancake?
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mahkokhan
Champion Author British Columbia

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Message Posted: Aug 1, 2013 3:35:53 AM

as we see more demand for ethical activity and more renewable and green energy comming online...the real cost of fossil fuels becomes apparent.
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bisonjim
Champion Author Florida

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Message Posted: Aug 1, 2013 3:25:20 AM

Speculators
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SparkieMi
Champion Author Kalamazoo

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Message Posted: Aug 1, 2013 3:19:23 AM

What caused the pump price to jump up of 20 cents plus per gallon??
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1Boog
Champion Author Lincoln

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Message Posted: Aug 1, 2013 3:17:42 AM

no reason oil needs to be so high other than big oil and speculators.
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sjambok
Champion Author Nashville

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Message Posted: Aug 1, 2013 3:14:13 AM

WAFFLE HOUSE... and you can usually find a gas station nearby...
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dlr17
Champion Author Twin Cities

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Message Posted: Aug 1, 2013 3:12:49 AM

And gas prices are rising. Again...
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Bruno44
Champion Author Texas

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Message Posted: Aug 1, 2013 3:11:46 AM

I am getting hungry for waffles with syrup.
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gwaps
Rookie Author Riverside

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Joined:Jul 2013
Message Posted: Aug 1, 2013 3:11:31 AM

Bitty
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OHMS
Champion Author Orange County

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Message Posted: Aug 1, 2013 3:10:19 AM

good with butter and syrup
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