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GasBuddy News Article

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Oil $105 jumps to 9-month-high

AP -- AP -

Oil prices jumped to a nine-month high above $105 a barrel on Monday after Iran said it halted crude exports to Britain and France in an escalation of a dispute over the Middle Eastern country's nuclear program.

By Monday afternoon, benchmark March crude was up $2.02 to $105.26 per barrel in electronic trading on the New York Mercantile Exchange, the highest since May. The contract rose 93 cents to settle at $103.24 per barrel in New York on Friday.

Iran's announcement will likely have minimal impact on supplies, analysts said, because only about 3 percent of France's oil consumption is from Iranian sources. Britain had not imported oil from the Islamic republic in six months.


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Submitted Feb 21, 2012 By: SkyWarnTX
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil $105 jumps to 9-month-high Back to Topics
REPLIES (newest first) Post a Reply
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glorioussnookie
Champion Author Tennessee

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Message Posted: Feb 21, 2012 1:59:25 PM

Definitely take a few minutes and check out the links SkyWarnTX has in their comments!

The news videos are real eye openers!
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clpassenubye
Champion Author Los Angeles

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Message Posted: Feb 21, 2012 12:35:04 PM

Not good
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TruthMatters
Champion Author New Jersey

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Message Posted: Feb 21, 2012 7:35:28 AM

This is getting old, isn't it? It seems like this is what we are concerned about every single minute of the day.
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SkyWarnTX
All-Star Author Texas

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Message Posted: Feb 21, 2012 7:20:24 AM

---

The "ENRON LOOP HOLE" allows WALL STREET SPECULATORS to legally trade in the OIL FUTURES MARKET...

CLICK HERE to WATCH the VIDEO explaining the ENRON LOOP HOLE

---
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doeslayersr
Champion Author Illinois

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Message Posted: Feb 21, 2012 6:38:01 AM

Another market report which is out of date by the time it is posted.
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brbaritone
Champion Author Virginia

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Message Posted: Feb 21, 2012 6:13:39 AM

"Iran's announcement will likely have minimal impact on supplies, analysts said, because only about 3 percent of France's oil consumption is from Iranian sources. Britain had not imported oil from the Islamic republic in six months." O.K., so why increase prices? 'Excuse of the Week.'
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SkyWarnTX
All-Star Author Texas

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Message Posted: Feb 21, 2012 5:06:16 AM

---

The "ENRON LOOP HOLE" allows WALL STREET SPECULATORS to legally trade in the OIL FUTURES MARKET...

CLICK HERE to WATCH the VIDEO the ENRON LOOP HOLE

---
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otherdave
Champion Author Indiana

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Message Posted: Feb 21, 2012 4:10:39 AM

Get rid of the Head O-hole in Charge!
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SkyWarnTX
All-Star Author Texas

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Message Posted: Feb 21, 2012 12:48:53 AM

---

The "ENRON LOOP HOLE" allows SPECULATORS to trade in the OIL FUTURES MARKET...

---
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SkyWarnTX
All-Star Author Texas

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Message Posted: Feb 21, 2012 12:34:41 AM

---

?? Think SPECULATORS are causing the RISE in OIL Prices ??

---
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HA4CNN
Champion Author Toronto

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Message Posted: Feb 21, 2012 12:32:09 AM

And who do you think benefits the most by rising oil prices,why the Government of course so bring on the propaganda so that they can all have a bigger piece of the revenue pie.
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ScorpDrvr
All-Star Author Sacramento

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Message Posted: Feb 21, 2012 12:27:17 AM

"BO is up to 16 vacations? Wow. That's some real laser focus there."

More focussed than Reagan, Clinton or W, who all had taken more vacations by this time in their Presidencies.
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DirtDauber
Champion Author San Antonio

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Message Posted: Feb 21, 2012 12:21:47 AM

Really?
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Krykson
All-Star Author Chicago

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Message Posted: Feb 21, 2012 12:21:47 AM

Interesting
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bondo
Champion Author Twin Cities

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Message Posted: Feb 21, 2012 12:21:43 AM

Prices up about $0.16 at the pump yesterday.
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wulf2000
Champion Author Miami

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Message Posted: Feb 21, 2012 12:21:26 AM

This is the reason as a country there should have a policy of exploration and drilling withing the US but his administration is against it.

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DozenSpeed
Champion Author St. Louis

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Message Posted: Feb 21, 2012 12:19:24 AM

BO is up to 16 vacations? Wow. That's some real laser focus there.
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gudrench
Champion Author Houston

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Message Posted: Feb 21, 2012 12:18:09 AM

Can you say $5/gal?
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LilRedWagonIN
Champion Author Indiana

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Message Posted: Feb 21, 2012 12:18:02 AM

Headline news panics prices, although no real economic effect with actual supplies have little effect.
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GryphonX
Champion Author Nevada

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Message Posted: Feb 21, 2012 12:13:52 AM

Here it comes ...
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SkyWarnTX
All-Star Author Texas

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Message Posted: Feb 21, 2012 12:13:34 AM

---

? Think SPECULATORS are causing the RISE in OIL Prices?

The "ENRON LOOP HOLE" exempts most over-the-counter energy trades and trading on electronic energy commodity markets from government regulation.

CLICK HERE to WATCH the VIDEO the ENRON LOOP HOLE

---

[Edited by: SkyWarnTX at 2/21/2012 1:16:55 AM EST]
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runout9
Champion Author New Jersey

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Message Posted: Feb 21, 2012 12:12:38 AM

Looks higher.
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anascom
Champion Author Hamilton

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Message Posted: Feb 21, 2012 12:09:01 AM

ok...
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no8c
Champion Author Ohio

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Message Posted: Feb 21, 2012 12:08:59 AM

Thanks for posting this article!
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downstream
Champion Author Little Rock

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Message Posted: Feb 21, 2012 12:08:50 AM

pardon me... is that your bigotry showing or are you just genetically ignorant?
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The_DR
Champion Author New Jersey

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Message Posted: Feb 21, 2012 12:08:29 AM

Oil is expensive
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joezIN
Champion Author Gary

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Message Posted: Feb 21, 2012 12:08:28 AM

DO I HEAR $110?
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Tigercat88
Champion Author North Carolina

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Message Posted: Feb 21, 2012 12:08:20 AM

Speculators are looking for an excuse to bid up the prices even higher. There is no reason for all of this except Greed.
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btex49
Champion Author Austin

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Message Posted: Feb 21, 2012 12:07:38 AM

Ouch!
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Tundralimited2009
Champion Author Dallas

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Message Posted: Feb 21, 2012 12:07:34 AM

Chevez will get some
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GAS1251
Champion Author Texas

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Message Posted: Feb 21, 2012 12:05:32 AM

Don't need it.
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stephen2155
Champion Author North Carolina

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Message Posted: Feb 21, 2012 12:05:00 AM

Greed
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geminijax
Champion Author Jacksonville

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Message Posted: Feb 21, 2012 12:03:54 AM

vulcan96, Comrade Obama will do everything he can to bring down the price of oil & gasoline before the election. You can bet money on that!
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Ron77095
Champion Author Houston

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Message Posted: Feb 21, 2012 12:02:07 AM

Boo!
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vulcan96
Champion Author Ohio

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Message Posted: Feb 20, 2012 11:59:10 PM

as the muslim in the white house takes his 16th vacation.......has he no shame what so ever
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quasar502
Champion Author Lansing

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Message Posted: Feb 20, 2012 11:57:49 PM

Still more speculation on Iran.
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bobdec
Champion Author Miami

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Message Posted: Feb 20, 2012 11:53:13 PM

And no signs of stopping for now
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frostyWV
Champion Author West Virginia

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Message Posted: Feb 20, 2012 11:52:09 PM

another excuse.
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Bussman
Champion Author Dallas

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Message Posted: Feb 20, 2012 11:51:27 PM

$4.00 per gallon unleaded...here we come.
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speedraider
Champion Author Orlando

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Message Posted: Feb 20, 2012 11:50:50 PM

no surprize
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BWJM
Champion Author KW

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Message Posted: Feb 20, 2012 11:50:48 PM

ok
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eomc17
Champion Author Tucson

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Message Posted: Feb 20, 2012 11:47:14 PM

Why is WTI going up because of Iran. It is produced in the USA. This is major b&llsh&t.

Hey Obama, you good for nothing oil company shoe polisher, get up and serve your suffering voters for a change instead of telling us more lies about how you want to help your people. I am ashamed I voted for you,
What have you done for me in 3 years. I lost my house, my family, went bankrupt, and lost 4 jobs.

I disliked Bush but at least I had a job most of the 8 years he was in office and health care was much cheaper.
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JohnofGB
Champion Author Flint

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Message Posted: Feb 20, 2012 11:45:48 PM

Too bad we have a president that does nothing to support lower gasoline prices. His policies are wreaking havoc with the American pocketbook. Obama needs to be a one term president.
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Zonk
Champion Author Michigan

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Message Posted: Feb 20, 2012 11:43:42 PM

Prices are just starting to rise. Have a great Summer.
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Buddy2264
Champion Author Tampa

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Message Posted: Feb 20, 2012 11:41:52 PM

For now I am guessing it will keep going up but no one likes to hear that. They want the profit while they can make it.
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pgerassi
Champion Author Milwaukee

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Message Posted: Feb 20, 2012 11:41:03 PM

It will drop again.
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59glide
Champion Author New Haven

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Message Posted: Feb 20, 2012 11:38:54 PM

GREED!
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hagar2935
Veteran Author Nevada

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Message Posted: Feb 20, 2012 11:38:35 PM

Obama IS responsible for some of the rise, but it also is due to IRAN and the Middle East OPEC GREED.....
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LCSTEELERBOB
Champion Author Gary

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Message Posted: Feb 20, 2012 11:38:17 PM

greedy money is all this is about
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Matt G
Champion Author Boston

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Message Posted: Feb 20, 2012 11:37:21 PM

Ok
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lisa2625
Rookie Author Texas

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Message Posted: Feb 20, 2012 11:35:44 PM

Everyone is just blaming Obama, God people are so closed minded
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