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Crude Oil Prices Mixed in Asia Trade

The Hindu Business Line -- Singapore, Jan 7:

Oil prices were mixed in Asian trade today as weak energy demand and concerns over more fiscal battles in Washington tempered the news of a modest growth in the US jobs market.

New York’s main contract, light sweet crude for delivery in February, shed two cents to $93.07 a barrel while Brent North Sea crude for February delivery gained 14 cents to $111.45.

Data on Friday showed that the US economy generated 1,55,000 jobs in December, and the unemployment rate held at 7.8 per cent.

However, a US government report last week showing softer fuel demand outweighed that news, Phillip Futures said in a market commentary.

Weaker US energy demand “added to bearish concerns about oil markets, which have been closely monitoring economic data for signals about consumption,

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Submitted Jan 07, 2013 By: MidNJ

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jrs4125 Champion Author Indiana Posts:2,738 Points:587,745 Joined:Sep 2011	Message Posted: Jan 8, 2013 7:21:45 AM Ignore jrs4125 Report Abuse Dooooooooh
PDQBlues Champion Author San Diego Posts:7,054 Points:1,444,325 Joined:Jan 2009	Message Posted: Jan 7, 2013 6:18:16 PM Ignore PDQBlues Report Abuse So does that indicate a growing world economy or not?
md11capt Champion Author Denver Posts:3,553 Points:707,405 Joined:Mar 2011	Message Posted: Jan 7, 2013 10:02:47 AM Ignore md11capt Report Abuse The confusion continues.
investmentdr Champion Author Cleveland Posts:4,003 Points:1,450,825 Joined:Sep 2008	Message Posted: Jan 7, 2013 9:19:00 AM Ignore investmentdr Report Abuse down now
investmentdr Champion Author Cleveland Posts:4,003 Points:1,450,825 Joined:Sep 2008	Message Posted: Jan 7, 2013 9:18:44 AM Ignore investmentdr Report Abuse Hindu Business Line?
fora_7 All-Star Author Montreal Posts:862 Points:206,405 Joined:Sep 2012	Message Posted: Jan 7, 2013 9:12:52 AM Ignore fora_7 Report Abuse so many articles about oil prices. Some say it will go up, some others, it going down. One thing for sure. Prices are mostly going along with demand. And the demand is there. So it wil keep up going up.
amoshins Champion Author Trenton Posts:2,185 Points:638,095 Joined:Apr 2011	Message Posted: Jan 7, 2013 8:12:05 AM Ignore amoshins Report Abuse keep it mixed, not higher!
BigRedVTX All-Star Author Georgia Posts:850 Points:499,055 Joined:Jun 2011	Message Posted: Jan 7, 2013 7:54:16 AM Ignore BigRedVTX Report Abuse So, is it mixed or is it down?
Peachy1 All-Star Author St. Louis Posts:752 Points:1,647,235 Joined:Aug 2005	Message Posted: Jan 7, 2013 7:52:43 AM Ignore Peachy1 Report Abuse Does this REALLY surprise anyone???
bcline909 Veteran Author Virginia Posts:401 Points:80,170 Joined:Nov 2012	Message Posted: Jan 7, 2013 7:37:09 AM Ignore bcline909 Report Abuse okay
wrunner Champion Author Virginia Posts:4,425 Points:1,132,585 Joined:Dec 2009	Message Posted: Jan 7, 2013 7:35:31 AM Ignore wrunner Report Abuse Oil and water don't mix. Oil and Asia do not mix.
OHIO50 All-Star Author Denver Posts:851 Points:1,015,775 Joined:Mar 2010	Message Posted: Jan 7, 2013 7:35:29 AM Ignore OHIO50 Report Abuse Really.
grandpadon28110 Champion Author Charlotte Posts:4,696 Points:1,138,310 Joined:Sep 2008	Message Posted: Jan 7, 2013 7:30:17 AM Ignore grandpadon28110 Report Abuse So.
turboz2012 All-Star Author Charleston Posts:662 Points:370,595 Joined:Feb 2012	Message Posted: Jan 7, 2013 7:29:48 AM Ignore turboz2012 Report Abuse mixed in one article, down in another
SSwathwood All-Star Author Denver Posts:549 Points:774,920 Joined:Nov 2009	Message Posted: Jan 7, 2013 7:28:08 AM Ignore SSwathwood Report Abuse I'm tired of all the speculating and then I pay the price.
Joeski1 Champion Author New Jersey Posts:9,972 Points:1,737,835 Joined:Dec 2004	Message Posted: Jan 7, 2013 6:59:18 AM Ignore Joeski1 Report Abuse I' m burning it recklessly while it's cheap.......... in fact... I wish I had a big SUV or truck so I could burn even more and bring friends along... (most don't want to ride in the back seat...)
daytonabiker All-Star Author Florida Posts:890 Points:197,820 Joined:Oct 2012	Message Posted: Jan 7, 2013 6:48:23 AM Ignore daytonabiker Report Abuse wall street speculators all over again my gasoline prices are up to 3.40
sawdust1825 All-Star Author Illinois Posts:822 Points:432,655 Joined:Sep 2011	Message Posted: Jan 7, 2013 6:20:37 AM Ignore sawdust1825 Report Abuse Get the speculators fingers out of the gas prices.
dandvicb Champion Author Bridgeport Posts:1,217 Points:1,073,180 Joined:Jul 2004	Message Posted: Jan 7, 2013 6:18:52 AM Ignore dandvicb Report Abuse Speculators!!
pscamp Champion Author Ottawa Posts:3,251 Points:471,885 Joined:May 2011	Message Posted: Jan 7, 2013 6:17:41 AM Ignore pscamp Report Abuse OK
millerin Champion Author Orlando Posts:2,289 Points:477,315 Joined:Jan 2012	Message Posted: Jan 7, 2013 5:57:17 AM Ignore millerin Report Abuse Interesting
sabre75 Champion Author Florida Posts:1,663 Points:340,295 Joined:May 2012	Message Posted: Jan 7, 2013 5:55:07 AM Ignore sabre75 Report Abuse Hope it keeps dropping and everything else keeps improving.
bills299 Champion Author Atlanta Posts:3,346 Points:900,490 Joined:May 2005	Message Posted: Jan 7, 2013 5:17:11 AM Ignore bills299 Report Abuse it's a step in the right direction!
DutchTreatMI Champion Author Grand Rapids Posts:3,295 Points:747,915 Joined:Mar 2011	Message Posted: Jan 7, 2013 5:15:14 AM Ignore DutchTreatMI Report Abuse Hopefully things will get better for the average American but at this point it is only speculation.
mystic92 Champion Author New Jersey Posts:1,160 Points:313,170 Joined:May 2012	Message Posted: Jan 7, 2013 5:14:08 AM Ignore mystic92 Report Abuse lets hope it keeps dropping
Bonanza Champion Author Boston Posts:12,063 Points:2,547,005 Joined:Jun 2004	Message Posted: Jan 7, 2013 5:09:03 AM Ignore Bonanza Report Abuse It must keep heading downward
truckpdlr Champion Author Tucson Posts:2,937 Points:1,091,505 Joined:Sep 2009	Message Posted: Jan 7, 2013 5:07:04 AM Ignore truckpdlr Report Abuse Lets hope it keeps going down
Cachase1 Champion Author Oklahoma City Posts:11,430 Points:2,376,105 Joined:Aug 2003	Message Posted: Jan 7, 2013 5:04:08 AM Ignore Cachase1 Report Abuse Let's hope prices will drop further.
WEB0153 All-Star Author Maryland Posts:774 Points:151,800 Joined:Dec 2012	Message Posted: Jan 7, 2013 5:01:33 AM Ignore WEB0153 Report Abuse Speculator paradise
jetlagAK Champion Author Anchorage Posts:2,241 Points:633,625 Joined:Jan 2010	Message Posted: Jan 7, 2013 4:56:38 AM Ignore jetlagAK Report Abuse Use demo logic and Ban Demand.
gabbygusIN Champion Author Indiana Posts:7,216 Points:1,555,875 Joined:Oct 2008	Message Posted: Jan 7, 2013 4:56:37 AM Ignore gabbygusIN Report Abuse Speculators back at in the new year!!!
Tiput Champion Author Ottawa Posts:1,980 Points:461,125 Joined:Jul 2011	Message Posted: Jan 7, 2013 4:54:17 AM Ignore Tiput Report Abuse up and down again.
singlemom27 Champion Author Ventura Posts:3,088 Points:635,210 Joined:Apr 2011	Message Posted: Jan 7, 2013 4:49:11 AM Ignore singlemom27 Report Abuse It just increases the prices at the pump to pay for these greedy people doing nothing to earn the bucks!
BigDogOH Champion Author Cincinnati Posts:8,483 Points:1,803,820 Joined:Mar 2008	Message Posted: Jan 7, 2013 4:46:41 AM Ignore BigDogOH Report Abuse Speculators everywere
1fulltank Champion Author Buffalo Posts:7,883 Points:1,540,310 Joined:Nov 2008	Message Posted: Jan 7, 2013 4:41:52 AM Ignore 1fulltank Report Abuse I suppose Asia has it's own squad of speculators.
fratt Champion Author Grand Rapids Posts:9,805 Points:2,640,930 Joined:Jul 2005	Message Posted: Jan 7, 2013 4:39:28 AM Ignore fratt Report Abuse Get rid of ALL speculators!
BEngr Champion Author Illinois Posts:6,691 Points:1,576,615 Joined:May 2008	Message Posted: Jan 7, 2013 4:30:02 AM Ignore BEngr Report Abuse I don't usually get to excited if the oil trade is not in the United States.
jci25946 Champion Author Tampa Posts:3,246 Points:935,790 Joined:Jan 2006	Message Posted: Jan 7, 2013 4:27:14 AM Ignore jci25946 Report Abuse Yada yada
bassakwards007 Champion Author Orange County Posts:1,112 Points:240,220 Joined:Aug 2012	Message Posted: Jan 7, 2013 4:27:00 AM Ignore bassakwards007 Report Abuse Been rising where I am.
TravelinMan52 Champion Author Augusta Posts:1,905 Points:959,645 Joined:May 2008	Message Posted: Jan 7, 2013 4:26:17 AM Ignore TravelinMan52 Report Abuse It sure would be nice if the pump prices would lower some...
bobzilla11 Champion Author Indiana Posts:1,191 Points:492,300 Joined:May 2011	Message Posted: Jan 7, 2013 4:24:59 AM Ignore bobzilla11 Report Abuse $2 gas
jacob5066 Champion Author College Station Posts:1,823 Points:426,590 Joined:Feb 2012	Message Posted: Jan 7, 2013 4:18:25 AM Ignore jacob5066 Report Abuse Not surprised
joko0 Champion Author New Jersey Posts:1,950 Points:561,615 Joined:Oct 2008	Message Posted: Jan 7, 2013 4:17:53 AM Ignore joko0 Report Abuse Every day has a new way to spin the numbers
LanguageMan1 Champion Author Tampa Posts:11,702 Points:1,657,790 Joined:Apr 2008	Message Posted: Jan 7, 2013 4:16:57 AM Ignore LanguageMan1 Report Abuse Price is still too high, and even though a few lower paying jobs may have been created, it doesn't offset the 600,000 additional people that had to go on food stamps over the last month as well. They can lie and say what they want but things are getting worse.
hokieburgh Champion Author Virginia Posts:1,092 Points:460,400 Joined:Feb 2007	Message Posted: Jan 7, 2013 4:14:00 AM Ignore hokieburgh Report Abuse recent prices seem to be fairly flat
TommyTraveler Champion Author Cincinnati Posts:8,659 Points:1,694,305 Joined:Nov 2007	Message Posted: Jan 7, 2013 4:12:29 AM Ignore TommyTraveler Report Abuse This is just a scam by the huge cartels that control the oil diamonds, gold and our food supplies.
Rick52 Champion Author Milwaukee Posts:12,007 Points:1,194,645 Joined:Mar 2005	Message Posted: Jan 7, 2013 4:11:01 AM Ignore Rick52 Report Abuse Good...I hope it goes down more...Maybe $60.... Bunch of Gougers.. Few jobs created and they have to raise prices.. [Edited by: Rick52 at 1/7/2013 4:12:06 AM EST]
afghaned Champion Author Hamilton Posts:11,793 Points:1,282,135 Joined:May 2004	Message Posted: Jan 7, 2013 4:10:00 AM Ignore afghaned Report Abuse With the new finds the price should be going down.
metrojeep Champion Author Fort Worth Posts:2,227 Points:431,620 Joined:Feb 2012	Message Posted: Jan 7, 2013 4:08:04 AM Ignore metrojeep Report Abuse Up here
rahcat Champion Author Grand Rapids Posts:2,448 Points:658,950 Joined:Jan 2010	Message Posted: Jan 7, 2013 4:02:39 AM Ignore rahcat Report Abuse Just like an elevator...."Gping Up"