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Oil Prices Climb As Middle East Tensions Intensify

MarketWatch Pulse --
Crude-oil futures continued to rise in electronic trade on Friday, as concerns over unrest in the Middle East intensified. Oil futures for October delivery rose $1.19, or 1.2%, to $99.50 a barrel in European trading hours, adding to a 1.3% gain from Thursday, when the U.S. Federal Reserve said it would launch a third round of quantitative easing. Violence in the Middle East and North Africa pushed oil prices higher, with concerns that this week's unrest will disrupt oil supply. On Thursday, protesters attempted to storm the grounds of the U.S. embassy in Yemen.

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Submitted Sep 15, 2012 By: RENEGADEGAS

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flagtown25 Champion Author New Jersey Posts:1,177 Points:491,355 Joined:Oct 2011	Message Posted: Sep 29, 2012 9:14:51 PM Ignore flagtown25 Report Abuse Too much speculation
MadTraveler Champion Author Idaho Posts:2,082 Points:572,100 Joined:Nov 2009	Message Posted: Sep 16, 2012 11:45:59 PM Ignore MadTraveler Report Abuse Go obama
Lugi1967 Champion Author Ohio Posts:4,777 Points:1,000,025 Joined:Jun 2010	Message Posted: Sep 16, 2012 2:35:42 PM Ignore Lugi1967 Report Abuse Weaker dollar doesn't help either
Soglaos Champion Author Virginia Beach Posts:2,770 Points:736,485 Joined:Feb 2011	Message Posted: Sep 16, 2012 9:44:14 AM Ignore Soglaos Report Abuse repeat
jrs4125 Champion Author Indiana Posts:2,748 Points:589,795 Joined:Sep 2011	Message Posted: Sep 16, 2012 5:20:20 AM Ignore jrs4125 Report Abuse ANY reason is enough.
tomok Champion Author Portland Posts:32,959 Points:2,343,560 Joined:Aug 2006	Message Posted: Sep 16, 2012 2:37:37 AM Ignore tomok Report Abuse Oil Prices Climb As Middle East Tensions Intensify? Forget the Middle East and use our own crude oil for our population. A group of zealots that have nothing else to do but cause problems for other people. Big Oil continues to sell fuel and natural gas on the world market for higher prices, there will be NO price reduction for the cost of fuel or natural gas IN the US. 'Coming out of the closet' Chucks lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Chuck's economy is not improving but continues to hurt the population and the job numbers continue to be down – no matter how smoooooth talking Chuck spins those numbers and he can spin them very well! People will still drive and buy fuel no matter what but it sure helps to have a job too! The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their personal benefit. How much will gas prices go up and they will rise, the trend is always up with fuel prices. The price at the pump needs to go down to $2/gallon, $3, $3.50/gallon or $4.00/gallon is Not the new low! Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. The price of fuel at the pump is too high! 12/22/2012!
MadTraveler Champion Author Idaho Posts:2,082 Points:572,100 Joined:Nov 2009	Message Posted: Sep 16, 2012 2:21:41 AM Ignore MadTraveler Report Abuse Thanks Obama.
DrCashFlow Champion Author Massachusetts Posts:7,059 Points:1,625,275 Joined:Jun 2008	Message Posted: Sep 16, 2012 1:53:49 AM Ignore DrCashFlow Report Abuse No connection. Thank Ben
12766 Champion Author New York Posts:2,433 Points:1,481,365 Joined:Oct 2008	Message Posted: Sep 15, 2012 9:58:35 PM Ignore 12766 Report Abuse OK
gasmack Champion Author Ventura Posts:1,700 Points:665,575 Joined:Feb 2011	Message Posted: Sep 15, 2012 9:21:23 PM Ignore gasmack Report Abuse OKAY.
sprocketsplines Champion Author Washington Posts:1,672 Points:858,690 Joined:Oct 2010	Message Posted: Sep 15, 2012 9:13:41 PM Ignore sprocketsplines Report Abuse The predicted price easing at the pumps this fall is looking more and more like wishful thinking as speculators take advantage of growing world unrest.
CDMAuto Champion Author Connecticut Posts:3,783 Points:751,965 Joined:Apr 2011	Message Posted: Sep 15, 2012 9:10:54 PM Ignore CDMAuto Report Abuse Old news back
1fulltank Champion Author Buffalo Posts:7,893 Points:1,542,360 Joined:Nov 2008	Message Posted: Sep 15, 2012 9:05:26 PM Ignore 1fulltank Report Abuse YAWN. The only thing older than dirt is your excuses.
PrinceLH Champion Author Ontario Posts:2,682 Points:536,095 Joined:Jun 2011	Message Posted: Sep 15, 2012 9:05:18 PM Ignore PrinceLH Report Abuse So aren't we almost self sufficient, here in North America? So why worry about the Muslim dogs, rioting in the street. Oh, do I wish Reagan was still President. I can just imagine what he'd do to these assholes, if they had stormed the embassy and killed U.S. staff. I can almost hear the Battleship New Jersey tuning up the big guns, like it did in Lebanon, when they bombed the U.S. Embassy there.
rahcat Champion Author Grand Rapids Posts:2,458 Points:661,000 Joined:Jan 2010	Message Posted: Sep 15, 2012 9:04:42 PM Ignore rahcat Report Abuse Obama can't wipe the smile off of his face.
miser709 Champion Author Grand Rapids Posts:1,268 Points:1,068,175 Joined:Mar 2004	Message Posted: Sep 15, 2012 9:03:32 PM Ignore miser709 Report Abuse As expected.
zaq001 Champion Author Atlanta Posts:3,970 Points:1,471,125 Joined:Oct 2008	Message Posted: Sep 15, 2012 9:03:13 PM Ignore zaq001 Report Abuse ok
shores4now Champion Author Kentucky Posts:2,396 Points:521,850 Joined:Jul 2009	Message Posted: Sep 15, 2012 9:02:51 PM Ignore shores4now Report Abuse ok
jem069 Champion Author Detroit Posts:2,528 Points:685,130 Joined:Jan 2011	Message Posted: Sep 15, 2012 9:01:47 PM Ignore jem069 Report Abuse ok
Dragnet Champion Author Arizona Posts:15,401 Points:2,907,785 Joined:Jul 2004	Message Posted: Sep 15, 2012 9:01:37 PM Ignore Dragnet Report Abuse Gotta put the blame somewhere, as usual. At least it isn't Bush
bonzoonfmb Champion Author Florida Posts:1,772 Points:642,185 Joined:Feb 2010	Message Posted: Sep 15, 2012 8:58:57 PM Ignore bonzoonfmb Report Abuse Gas prices are too high.
suzmar Champion Author Texas Posts:2,211 Points:870,220 Joined:Jun 2006	Message Posted: Sep 15, 2012 8:57:30 PM Ignore suzmar Report Abuse Thank you Mr. Obama for your great expertise in foreign policy. He said that as soon as he was inaugurated tensions with muslim nations would lessen.
listerone Champion Author Boston Posts:3,370 Points:876,815 Joined:Aug 2008	Message Posted: Sep 15, 2012 8:54:39 PM Ignore listerone Report Abuse Thanks Obama.
DrLyon Champion Author Michigan Posts:6,645 Points:1,210,255 Joined:May 2006	Message Posted: Sep 15, 2012 8:49:26 PM Ignore DrLyon Report Abuse Time to keep away from Middle East Oil...
Tekkersmom57 Champion Author Syracuse Posts:1,869 Points:699,240 Joined:May 2010	Message Posted: Sep 15, 2012 8:49:08 PM Ignore Tekkersmom57 Report Abuse Just the printing of this article, gives the speculators more fuel and fire to justify sucking up all of the oil commodities. I wish they would have to take delivery on the oil they keep buying. Wouldn't it be funny to see these big tankers of oil be delivered to Wall Street. Then maybe we could finally get back to the true supply and demand that it SHOULD be!
mstearno Champion Author Dayton Posts:8,055 Points:1,729,430 Joined:Jan 2008	Message Posted: Sep 15, 2012 8:47:40 PM Ignore mstearno Report Abuse not one more red cent to them
nightworker998 Champion Author Maryland Posts:1,797 Points:664,665 Joined:Mar 2009	Message Posted: Sep 15, 2012 8:45:48 PM Ignore nightworker998 Report Abuse Plan for what a group of organized riots over a utube video that is more than 3yrs old? Another Arab plot to change the results of the US presidential elections.
Lbro Champion Author Denver Posts:1,035 Points:442,020 Joined:Jan 2004	Message Posted: Sep 15, 2012 8:45:04 PM Ignore Lbro Report Abuse Excuses, excuses, excuses!!!
SavALot Champion Author Virginia Beach Posts:8,459 Points:1,709,660 Joined:Apr 2005	Message Posted: Sep 15, 2012 8:43:40 PM Ignore SavALot Report Abuse Intensify isn't even a strong enough description of what's going on over there
humancry Champion Author Michigan Posts:4,618 Points:1,002,455 Joined:Nov 2006	Message Posted: Sep 15, 2012 8:42:03 PM Ignore humancry Report Abuse did we figure any different just more bull shit to raise prices
abcdMA Champion Author Worcester Posts:7,912 Points:1,573,030 Joined:Nov 2008	Message Posted: Sep 15, 2012 8:40:18 PM Ignore abcdMA Report Abuse the current tensions are bad for oil and gas prices, especially since no one knows what the US plan (if there is a plan) is
N4PIP All-Star Author Miami Posts:888 Points:416,505 Joined:Jan 2012	Message Posted: Sep 15, 2012 8:39:35 PM Ignore N4PIP Report Abuse There's no relief in sight for the middle class.
serrog Champion Author Nova Scotia Posts:5,554 Points:1,510,180 Joined:Oct 2008	Message Posted: Sep 15, 2012 8:21:52 PM Ignore serrog Report Abuse big woes in the economy make it necessary
WIWalt Champion Author Wisconsin Posts:1,716 Points:413,595 Joined:Mar 2012	Message Posted: Sep 15, 2012 8:20:42 PM Ignore WIWalt Report Abuse It so the big oil companys can pay for the campaign bills
camaro_man Champion Author Kitchener-Waterloo Posts:2,222 Points:609,095 Joined:Jun 2010	Message Posted: Sep 15, 2012 8:20:36 PM Ignore camaro_man Report Abuse just more profit thats all..
LucsPapa All-Star Author New Brunswick Posts:623 Points:1,018,225 Joined:Jan 2010	Message Posted: Sep 15, 2012 8:15:01 PM Ignore LucsPapa Report Abuse I think we could be in for a long haul with high fuel prices.
dancygreen Champion Author Twin Cities Posts:2,053 Points:482,935 Joined:Sep 2011	Message Posted: Sep 15, 2012 8:14:48 PM Ignore dancygreen Report Abuse ok
jad1960 Champion Author Gary Posts:1,540 Points:401,700 Joined:Feb 2012	Message Posted: Sep 15, 2012 8:14:07 PM Ignore jad1960 Report Abuse Excuses excuses excuses.
mtaboy Sophomore Author New Jersey Posts:191 Points:54,490 Joined:Dec 2004	Message Posted: Sep 15, 2012 8:14:06 PM Ignore mtaboy Report Abuse ITS ALL BULL SH*T... THE PRICE RISES BECAUSE THE GREEDY SPECULATORS CONTINUS TO RAPE THE PUBLIC'S POCKETS WHILE THEY MAKE HUGE FORTUNES... CAUSING OVER 300 MILLION AMERICANS TO SUFFER THROUGH SUPER INFLATED GAS AND OIL PRICES...START SHOOTING ALL THE GREEDY SPECULATORS AND WATCH HOW FAST THE PRICE COMES DOWN... GAS WILL DROP BY HALF IN LESS THAN A MONTH!!!
singlemom27 Champion Author Ventura Posts:3,103 Points:638,235 Joined:Apr 2011	Message Posted: Sep 15, 2012 8:12:55 PM Ignore singlemom27 Report Abuse Any excuse to raise prices...
MadTraveler Champion Author Idaho Posts:2,082 Points:572,100 Joined:Nov 2009	Message Posted: Sep 15, 2012 8:08:54 PM Ignore MadTraveler Report Abuse Thanks again Obama.
heysailor Champion Author Pittsburgh Posts:9,572 Points:2,330,720 Joined:Mar 2006	Message Posted: Sep 15, 2012 8:06:19 PM Ignore heysailor Report Abuse Now that Romney has delegated foreign policy decisions to Netanyahu we will only have to wait till February for another war and $10 gas if he wins in November. Seeing that 34% of the voters don't want to be confused by the facts, there is the very real possibility that Romney will win - and finish the neocon wrecking job begun in 2001.
mcmonsta Champion Author Honolulu Posts:3,217 Points:816,595 Joined:Sep 2009	Message Posted: Sep 15, 2012 8:06:12 PM Ignore mcmonsta Report Abuse we need to show them that we don't take this bs lightly!
acvw74 Champion Author Illinois Posts:2,105 Points:687,600 Joined:Apr 2011	Message Posted: Sep 15, 2012 8:05:42 PM Ignore acvw74 Report Abuse Speculators are loving it!
bcok Champion Author Los Angeles Posts:2,111 Points:1,541,470 Joined:Oct 2005	Message Posted: Sep 15, 2012 8:04:42 PM Ignore bcok Report Abuse Sounds like a different form of speculation
clermont40miles Champion Author Cincinnati Posts:10,554 Points:1,770,090 Joined:Apr 2008	Message Posted: Sep 15, 2012 8:04:07 PM Ignore clermont40miles Report Abuse Prices climb as result of ... (fill in the blank). No regulation = no limit = no restraint.
Buck_on_Bass Champion Author Tennessee Posts:7,569 Points:1,454,335 Joined:Jul 2007	Message Posted: Sep 15, 2012 8:03:13 PM Ignore Buck_on_Bass Report Abuse Uncertainty drives prices up.
Bildawg Champion Author Ohio Posts:1,066 Points:480,220 Joined:Oct 2011	Message Posted: Sep 15, 2012 8:03:13 PM Ignore Bildawg Report Abuse RAPE!!!!!!!!!
DEG Champion Author Las Vegas Posts:17,610 Points:3,492,755 Joined:Jul 2003	Message Posted: Sep 15, 2012 8:03:01 PM Ignore DEG Report Abuse A fair amount of the tensions in the middle east are attributable to a weak US President.
MrCads Champion Author Twin Cities Posts:1,847 Points:672,475 Joined:May 2010	Message Posted: Sep 15, 2012 8:02:03 PM Ignore MrCads Report Abuse Whoever wrote this article should be thrown to the sharks.