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Oil Trades Lower, Struggles To Keep Above $97

MarketWatch Pulse --
Crude-oil futures traded lower Monday as investors were concerned about the threat of a default in Greece and its impact on the global economy, and the dollar traded higher. Crude for March delivery declined 70 cents, or 0.7%, to $97.13 a barrel on the New York Mercantile Exchange. Greece is seen as running out of time to work out a deal for a second bailout package as party leaders have resisted more austerity measures.

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Submitted Feb 07, 2012 By: RENEGADEGAS

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JOE1744MO Rookie Author Missouri Posts:22 Points:14,715 Joined:Feb 2012	Message Posted: Feb 11, 2012 12:20:24 AM Ignore JOE1744MO Report Abuse This is one area where the government should compete, We the people{government} should build our own refineries, make a small profit and use it to pay off our debt not give HUGE PROFITS to the stupid oil companies.
1006 Champion Author Birmingham Posts:1,020 Points:1,107,940 Joined:Apr 2008	Message Posted: Feb 10, 2012 8:00:35 PM Ignore 1006 Report Abuse not turning around now..higher.
honda0105 Champion Author Tallahassee Posts:15,984 Points:1,249,100 Joined:Nov 2008	Message Posted: Feb 10, 2012 6:00:53 AM Ignore honda0105 Report Abuse OPEC is happy to keep it there. And Pig Oil can export distillates tax free with taxpayer subsidies.
asog75 All-Star Author Indiana Posts:671 Points:173,145 Joined:Aug 2011	Message Posted: Feb 8, 2012 3:21:31 AM Ignore asog75 Report Abuse what do they think Greece is going to stop buying fuel
tomok Champion Author Portland Posts:26,094 Points:1,985,410 Joined:Aug 2006	Message Posted: Feb 8, 2012 3:10:30 AM Ignore tomok Report Abuse Oil Trades Lower, Struggles To Keep Above $97 and can decrease in price all it wants. Oil does not have to be Kept Above $97. The price of fuel at the pump is too high! 12/22/2012!
Krykson All-Star Author Chicago Posts:840 Points:247,185 Joined:Jul 2006	Message Posted: Feb 8, 2012 2:36:38 AM Ignore Krykson Report Abuse Interesting
ammamama13 Rookie Author California Posts:68 Points:53,550 Joined:May 2011	Message Posted: Feb 8, 2012 12:48:52 AM Ignore ammamama13 Report Abuse in a perfect world the price at the pump would decrease as fast as it does when it increases, but alas i don't see that happening anytime soon.
ammamama13 Rookie Author California Posts:68 Points:53,550 Joined:May 2011	Message Posted: Feb 8, 2012 12:46:42 AM Ignore ammamama13 Report Abuse whether oil prices increase or decrease, price at the pump always goes up.
Zonk Champion Author Michigan Posts:4,659 Points:1,743,865 Joined:Oct 2005	Message Posted: Feb 8, 2012 12:28:35 AM Ignore Zonk Report Abuse The American gas buyers are going to pay the pump price increases period. That is just the way it is going to happen.
kcboy Champion Author Utah Posts:2,885 Points:1,284,845 Joined:Jun 2005	Message Posted: Feb 8, 2012 12:11:26 AM Ignore kcboy Report Abuse what ever it takes to lower the prices.
Beboper Champion Author Virginia Posts:6,904 Points:1,803,690 Joined:Oct 2005	Message Posted: Feb 8, 2012 12:10:10 AM Ignore Beboper Report Abuse but pump prices keep going up
LCSTEELERBOB Champion Author Gary Posts:2,254 Points:552,700 Joined:Oct 2008	Message Posted: Feb 8, 2012 12:08:49 AM Ignore LCSTEELERBOB Report Abuse boo who
gocatgo Champion Author South Carolina Posts:13,316 Points:2,169,480 Joined:Apr 2006	Message Posted: Feb 8, 2012 12:08:04 AM Ignore gocatgo Report Abuse Struggles for Big oil, that's a good one.
NOGASMOOLA Rookie Author Illinois Posts:61 Points:132,110 Joined:Apr 2006	Message Posted: Feb 8, 2012 12:05:59 AM Ignore NOGASMOOLA Report Abuse Meantime "summer gas prices" are on the horizon!!
52MPG Champion Author Dayton Posts:5,447 Points:1,383,495 Joined:Apr 2006	Message Posted: Feb 8, 2012 12:04:49 AM Ignore 52MPG Report Abuse So why are gas prices up?
Bezalel Champion Author Oklahoma City Posts:10,266 Points:1,932,155 Joined:Oct 2006	Message Posted: Feb 8, 2012 12:00:38 AM Ignore Bezalel Report Abuse However, gas is UP here.
Vette1967 Champion Author Albany Posts:4,172 Points:920,155 Joined:Jun 2009	Message Posted: Feb 7, 2012 11:58:17 PM Ignore Vette1967 Report Abuse Just another day at the market.
carman11 Champion Author North Carolina Posts:1,470 Points:330,670 Joined:Jun 2011	Message Posted: Feb 7, 2012 11:55:43 PM Ignore carman11 Report Abuse OK
menagerie1013 Champion Author San Diego Posts:1,059 Points:350,000 Joined:Apr 2011	Message Posted: Feb 7, 2012 11:55:33 PM Ignore menagerie1013 Report Abuse Up, down, up, down, nothing new here.
skyking19 Champion Author Little Rock Posts:1,584 Points:1,423,545 Joined:Jan 2007	Message Posted: Feb 7, 2012 11:49:31 PM Ignore skyking19 Report Abuse Keep strugling.
PAborn54 All-Star Author Milwaukee Posts:955 Points:631,675 Joined:May 2009	Message Posted: Feb 7, 2012 11:47:14 PM Ignore PAborn54 Report Abuse Sure would be nice to see the price reflected at the pumps
stcoesda2 Champion Author Illinois Posts:9,757 Points:2,239,515 Joined:Aug 2005	Message Posted: Feb 7, 2012 11:47:04 PM Ignore stcoesda2 Report Abuse All the while gas goes up another dime in Northern IL. 30 cents in a week and a half is BS!
stcoesda2 Champion Author Illinois Posts:9,757 Points:2,239,515 Joined:Aug 2005	Message Posted: Feb 7, 2012 11:46:57 PM Ignore stcoesda2 Report Abuse All the while gas goes up another dime in Northern IL. 30 cents in a week and a half is BS!
ty58 Sophomore Author Akron Posts:116 Points:205,430 Joined:Jun 2011	Message Posted: Feb 7, 2012 11:43:06 PM Ignore ty58 Report Abuse there goes that million dollar bonus if they can't get the oil prices back up
OGW Champion Author London Posts:3,752 Points:1,203,060 Joined:Sep 2005	Message Posted: Feb 7, 2012 11:40:05 PM Ignore OGW Report Abuse Greece is not good for much but if it is lowering oil prices, good for those lazy bastards.
confetti Veteran Author Tampa Posts:317 Points:236,590 Joined:Jan 2006	Message Posted: Feb 7, 2012 11:35:52 PM Ignore confetti Report Abuse I hope the price of gas comes down, but not for long if Obama's EPA tax goes into effect soon.
TopGunn Champion Author Baltimore Posts:7,364 Points:2,257,155 Joined:Aug 2004	Message Posted: Feb 7, 2012 11:31:25 PM Ignore TopGunn Report Abuse Regardless, the choking of the consumer never stops!
GigHarborHound All-Star Author Tacoma Posts:945 Points:168,285 Joined:Sep 2011	Message Posted: Feb 7, 2012 11:30:57 PM Ignore GigHarborHound Report Abuse Ho-hum!!
woburnspotter2 Veteran Author Boston Posts:480 Points:167,755 Joined:Apr 2007	Message Posted: Feb 7, 2012 11:29:08 PM Ignore woburnspotter2 Report Abuse Right on, Rockwoodband - you rock, sir!
sprint41 Sophomore Author Virginia Posts:150 Points:1,161,230 Joined:Dec 2004	Message Posted: Feb 7, 2012 11:27:25 PM Ignore sprint41 Report Abuse If oil is going down or staying the same why is gas going up. Just rippin the consumers off again (yet).
BeachPatriot Rookie Author Maine Posts:37 Points:117,440 Joined:Oct 2011	Message Posted: Feb 7, 2012 11:26:51 PM Ignore BeachPatriot Report Abuse Just wait until summer when gasoline is over $5. Hope & change indeed.
Rockwoodband Veteran Author Flint Posts:434 Points:206,410 Joined:Oct 2009	Message Posted: Feb 7, 2012 11:24:41 PM Ignore Rockwoodband Report Abuse Who is struggling to keep it above $97? Consumers are struggling to keep it below $50.
fuelsaverMN Champion Author Twin Cities Posts:1,953 Points:407,650 Joined:Mar 2011	Message Posted: Feb 7, 2012 11:20:41 PM Ignore fuelsaverMN Report Abuse WE SHOULD NOT BE PAYING THIS MUCH FOR GAS AT THE PUMP.WHO'S TO BLAME?I THINK MOSTLY NOBAMA.
Prodaddy Champion Author Houston Posts:6,585 Points:1,535,770 Joined:May 2007	Message Posted: Feb 7, 2012 11:19:06 PM Ignore Prodaddy Report Abuse Yet a gallon of gas is over $ 3.25. makes no sense at all
bif65 All-Star Author Virginia Posts:788 Points:137,840 Joined:Jan 2011	Message Posted: Feb 7, 2012 11:17:08 PM Ignore bif65 Report Abuse ok
Chris46 Champion Author Dayton Posts:19,053 Points:1,773,455 Joined:Sep 2005	Message Posted: Feb 7, 2012 11:16:53 PM Ignore Chris46 Report Abuse It should be below $90. When are we going to see a break in the price of gasoline?
miser709 All-Star Author Grand Rapids Posts:626 Points:733,785 Joined:Mar 2004	Message Posted: Feb 7, 2012 11:16:44 PM Ignore miser709 Report Abuse Aww
KhelbenArunson Champion Author Michigan Posts:2,675 Points:359,205 Joined:Apr 2008	Message Posted: Feb 7, 2012 11:16:42 PM Ignore KhelbenArunson Report Abuse Good I want to see oil in total free fall.
bby Champion Author Twin Cities Posts:4,079 Points:700,470 Joined:Nov 2009	Message Posted: Feb 7, 2012 11:16:21 PM Ignore bby Report Abuse ok
jindodog Veteran Author Missouri Posts:425 Points:95,075 Joined:Jan 2012	Message Posted: Feb 7, 2012 11:12:37 PM Ignore jindodog Report Abuse Whatever.
EXTREMESNOW Champion Author Medford Posts:7,594 Points:1,559,390 Joined:Jul 2006	Message Posted: Feb 7, 2012 11:07:28 PM Ignore EXTREMESNOW Report Abuse Give it a day or two, it will get back over $100.
Stooker Sophomore Author Ontario Posts:158 Points:67,270 Joined:Dec 2011	Message Posted: Feb 7, 2012 11:06:48 PM Ignore Stooker Report Abuse whoah
HawaiianGuy Champion Author Idaho Posts:7,712 Points:2,723,315 Joined:May 2003	Message Posted: Feb 7, 2012 11:06:03 PM Ignore HawaiianGuy Report Abuse The European Union needs to face the inevitable truth: Greece WILL default. And if we don't rein in OUR spending, we will not be far behind. Sooooo, how's that "Hope" and "Change" working out for you?
dudleydolittle Champion Author Cleveland Posts:2,260 Points:236,220 Joined:Sep 2011	Message Posted: Feb 7, 2012 11:00:52 PM Ignore dudleydolittle Report Abuse No rhyme nor reason.
weenerdog Champion Author Detroit Posts:7,814 Points:1,543,390 Joined:Jan 2008	Message Posted: Feb 7, 2012 10:57:42 PM Ignore weenerdog Report Abuse yeah, right
JagXKR Champion Author British Columbia Posts:1,393 Points:735,995 Joined:Dec 2009	Message Posted: Feb 7, 2012 10:55:51 PM Ignore JagXKR Report Abuse Up down up down up down.
Beaveronparade All-Star Author Hartford Posts:979 Points:295,275 Joined:Mar 2011	Message Posted: Feb 7, 2012 10:53:37 PM Ignore Beaveronparade Report Abuse Yes, gas has risen around my area also. I just don't understand how that works! It doesn't make any sense to me.
adr47 Champion Author Saskatchewan Posts:5,316 Points:1,109,605 Joined:Nov 2008	Message Posted: Feb 7, 2012 10:51:50 PM Ignore adr47 Report Abuse Not for long Greed Rules
dylan126 Champion Author Cleveland Posts:2,260 Points:239,845 Joined:Sep 2011	Message Posted: Feb 7, 2012 10:50:08 PM Ignore dylan126 Report Abuse I guess that means a hike for us, It seams to work in reverse.
NorthglennBill Champion Author Denver Posts:5,710 Points:1,121,395 Joined:Oct 2008	Message Posted: Feb 7, 2012 10:42:56 PM Ignore NorthglennBill Report Abuse The price of oil is going down - the price of gasoline is going up. Go figure?