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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:14,590 Joined:Feb 2012	Message Posted: Feb 10, 2012 9:20:24 PM 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:1,017 Points:1,104,730 Joined:Apr 2008	Message Posted: Feb 10, 2012 5:00:35 PM Ignore 1006 Report Abuse not turning around now..higher.
honda0105 Champion Author Tallahassee Posts:15,957 Points:1,245,100 Joined:Nov 2008	Message Posted: Feb 10, 2012 3:00:53 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:659 Points:171,020 Joined:Aug 2011	Message Posted: Feb 8, 2012 12:21:31 AM Ignore asog75 Report Abuse what do they think Greece is going to stop buying fuel
tomok Champion Author Portland Posts:26,020 Points:1,981,410 Joined:Aug 2006	Message Posted: Feb 8, 2012 12:10:30 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 7, 2012 11:36:38 PM Ignore Krykson Report Abuse Interesting
ammamama13 Rookie Author California Posts:68 Points:53,550 Joined:May 2011	Message Posted: Feb 7, 2012 9:48:52 PM 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 7, 2012 9:46:42 PM Ignore ammamama13 Report Abuse whether oil prices increase or decrease, price at the pump always goes up.
Zonk Champion Author Michigan Posts:4,642 Points:1,739,925 Joined:Oct 2005	Message Posted: Feb 7, 2012 9:28:35 PM 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:2,865 Points:1,280,845 Joined:Jun 2005	Message Posted: Feb 7, 2012 9:11:26 PM Ignore kcboy Report Abuse what ever it takes to lower the prices.
Beboper Champion Author Virginia Posts:6,884 Points:1,799,690 Joined:Oct 2005	Message Posted: Feb 7, 2012 9:10:10 PM Ignore Beboper Report Abuse but pump prices keep going up
LCSTEELERBOB Champion Author Gary Posts:2,239 Points:548,800 Joined:Oct 2008	Message Posted: Feb 7, 2012 9:08:49 PM Ignore LCSTEELERBOB Report Abuse boo who
gocatgo Champion Author South Carolina Posts:13,293 Points:2,166,230 Joined:Apr 2006	Message Posted: Feb 7, 2012 9:08:04 PM Ignore gocatgo Report Abuse Struggles for Big oil, that's a good one.
NOGASMOOLA Rookie Author Illinois Posts:61 Points:129,110 Joined:Apr 2006	Message Posted: Feb 7, 2012 9:05:59 PM Ignore NOGASMOOLA Report Abuse Meantime "summer gas prices" are on the horizon!!
52MPG Champion Author Dayton Posts:5,430 Points:1,380,305 Joined:Apr 2006	Message Posted: Feb 7, 2012 9:04:49 PM Ignore 52MPG Report Abuse So why are gas prices up?
Bezalel Champion Author Oklahoma City Posts:10,251 Points:1,929,105 Joined:Oct 2006	Message Posted: Feb 7, 2012 9:00:38 PM Ignore Bezalel Report Abuse However, gas is UP here.
Vette1967 Champion Author Albany Posts:4,152 Points:915,380 Joined:Jun 2009	Message Posted: Feb 7, 2012 8:58:17 PM Ignore Vette1967 Report Abuse Just another day at the market.
carman11 Champion Author North Carolina Posts:1,449 Points:326,670 Joined:Jun 2011	Message Posted: Feb 7, 2012 8:55:43 PM Ignore carman11 Report Abuse OK
menagerie1013 Champion Author San Diego Posts:1,044 Points:346,225 Joined:Apr 2011	Message Posted: Feb 7, 2012 8:55:33 PM Ignore menagerie1013 Report Abuse Up, down, up, down, nothing new here.
skyking19 Champion Author Little Rock Posts:1,574 Points:1,419,870 Joined:Jan 2007	Message Posted: Feb 7, 2012 8:49:31 PM Ignore skyking19 Report Abuse Keep strugling.
PAborn54 All-Star Author Milwaukee Posts:954 Points:629,805 Joined:May 2009	Message Posted: Feb 7, 2012 8:47:14 PM Ignore PAborn54 Report Abuse Sure would be nice to see the price reflected at the pumps
stcoesda2 Champion Author Illinois Posts:9,752 Points:2,237,515 Joined:Aug 2005	Message Posted: Feb 7, 2012 8:47:04 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:9,752 Points:2,237,515 Joined:Aug 2005	Message Posted: Feb 7, 2012 8:46:57 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:102 Points:201,675 Joined:Jun 2011	Message Posted: Feb 7, 2012 8:43:06 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:3,747 Points:1,201,985 Joined:Sep 2005	Message Posted: Feb 7, 2012 8:40:05 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:235,240 Joined:Jan 2006	Message Posted: Feb 7, 2012 8:35:52 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:7,338 Points:2,252,180 Joined:Aug 2004	Message Posted: Feb 7, 2012 8:31:25 PM Ignore TopGunn Report Abuse Regardless, the choking of the consumer never stops!
GigHarborHound All-Star Author Tacoma Posts:926 Points:164,305 Joined:Sep 2011	Message Posted: Feb 7, 2012 8:30:57 PM Ignore GigHarborHound Report Abuse Ho-hum!!
woburnspotter2 Veteran Author Boston Posts:480 Points:167,005 Joined:Apr 2007	Message Posted: Feb 7, 2012 8:29:08 PM Ignore woburnspotter2 Report Abuse Right on, Rockwoodband - you rock, sir!
sprint41 Sophomore Author Virginia Posts:149 Points:1,160,235 Joined:Dec 2004	Message Posted: Feb 7, 2012 8:27:25 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:34 Points:116,405 Joined:Oct 2011	Message Posted: Feb 7, 2012 8:26:51 PM Ignore BeachPatriot Report Abuse Just wait until summer when gasoline is over $5. Hope & change indeed.
Rockwoodband Veteran Author Flint Posts:426 Points:202,975 Joined:Oct 2009	Message Posted: Feb 7, 2012 8:24:41 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:1,943 Points:404,100 Joined:Mar 2011	Message Posted: Feb 7, 2012 8:20:41 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:6,570 Points:1,532,745 Joined:May 2007	Message Posted: Feb 7, 2012 8:19:06 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:768 Points:135,575 Joined:Jan 2011	Message Posted: Feb 7, 2012 8:17:08 PM Ignore bif65 Report Abuse ok
Chris46 Champion Author Dayton Posts:19,009 Points:1,769,980 Joined:Sep 2005	Message Posted: Feb 7, 2012 8:16:53 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:603 Points:729,785 Joined:Mar 2004	Message Posted: Feb 7, 2012 8:16:44 PM Ignore miser709 Report Abuse Aww
KhelbenArunson Champion Author Michigan Posts:2,654 Points:355,205 Joined:Apr 2008	Message Posted: Feb 7, 2012 8:16:42 PM Ignore KhelbenArunson Report Abuse Good I want to see oil in total free fall.
bby Champion Author Twin Cities Posts:4,059 Points:696,470 Joined:Nov 2009	Message Posted: Feb 7, 2012 8:16:21 PM Ignore bby Report Abuse ok
jindodog Veteran Author Missouri Posts:425 Points:95,075 Joined:Jan 2012	Message Posted: Feb 7, 2012 8:12:37 PM Ignore jindodog Report Abuse Whatever.
EXTREMESNOW Champion Author Medford Posts:7,579 Points:1,556,365 Joined:Jul 2006	Message Posted: Feb 7, 2012 8:07:28 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 8:06:48 PM Ignore Stooker Report Abuse whoah
HawaiianGuy Champion Author Idaho Posts:7,690 Points:2,719,425 Joined:May 2003	Message Posted: Feb 7, 2012 8:06:03 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:2,230 Points:232,320 Joined:Sep 2011	Message Posted: Feb 7, 2012 8:00:52 PM Ignore dudleydolittle Report Abuse No rhyme nor reason.
weenerdog Champion Author Detroit Posts:7,804 Points:1,539,590 Joined:Jan 2008	Message Posted: Feb 7, 2012 7:57:42 PM Ignore weenerdog Report Abuse yeah, right
JagXKR Champion Author British Columbia Posts:1,373 Points:731,695 Joined:Dec 2009	Message Posted: Feb 7, 2012 7:55:51 PM Ignore JagXKR Report Abuse Up down up down up down.
Beaveronparade All-Star Author Hartford Posts:962 Points:291,460 Joined:Mar 2011	Message Posted: Feb 7, 2012 7:53:37 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:5,301 Points:1,106,580 Joined:Nov 2008	Message Posted: Feb 7, 2012 7:51:50 PM Ignore adr47 Report Abuse Not for long Greed Rules
dylan126 Champion Author Cleveland Posts:2,230 Points:235,845 Joined:Sep 2011	Message Posted: Feb 7, 2012 7:50:08 PM Ignore dylan126 Report Abuse I guess that means a hike for us, It seams to work in reverse.
NorthglennBill Champion Author Denver Posts:5,685 Points:1,117,170 Joined:Oct 2008	Message Posted: Feb 7, 2012 7:42:56 PM Ignore NorthglennBill Report Abuse The price of oil is going down - the price of gasoline is going up. Go figure?