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GasBuddy News Article

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Oil Prices Touch 9-Month Highs

The Wall Street Journal -- LONDON—Crude-oil futures climbed Monday on Iranian supply worries as Tehran threatened to halt oil exports to other European Union countries a day after it cut sales to U.K. and French companies.

Early afternoon in London, the front-month April Brent contract on the ICE futures exchange was up 65 cents, or 0.5%, at $120.23 a barrel. The U.S. crude front-month March contract was trading up $1.88, or 1.8%, at $105.48 a barrel in electronic trade.


The price of oil has reached an eight month high as tensions over Iran continue to escalate. Dow Jones' Sarah Kent explains what may be pushing prices up. Photo: Getty
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Prices were down slightly from an earlier spike on Iran supply worries that took oil up to nine-month highs of $105.80 a barrel and $121.15 a barrel for U.S. crude futures and


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Submitted Feb 21, 2012 By: DNRSVP
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil Prices Touch 9-Month Highs Back to Topics
REPLIES (newest first) Post a Reply
lazydoggs3
Veteran Author Fresno

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Joined:Aug 2008
Message Posted: Feb 21, 2012 8:20:09 AM

Ouch
firemunkee
Veteran Author Maryland

Posts:408
Points:56,450
Joined:Jan 2012
Message Posted: Feb 21, 2012 8:00:32 AM

blah blah blah
SkyWarnTX
All-Star Author Texas

Posts:947
Points:57,185
Joined:Jan 2012
Message Posted: Feb 21, 2012 7:40:11 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

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

---
yardslave
Champion Author Oklahoma City

Posts:5,972
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Joined:Dec 2005
Message Posted: Feb 21, 2012 6:59:28 AM

At least it can start coming down now...
amerk73
Champion Author Dallas

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Message Posted: Feb 21, 2012 6:58:40 AM

WTI Crude Oil now at
$104.91
amerk73
Champion Author Dallas

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Joined:Oct 2008
Message Posted: Feb 21, 2012 6:58:15 AM

Brent Crude Oil now at
$119.22
gs7101
Champion Author San Antonio

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Points:578,540
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Message Posted: Feb 21, 2012 6:52:01 AM

It's the same depressing morning headline news -- higher oil/gas prices!
jakessoccermom
Veteran Author Wisconsin

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Points:1,254,195
Joined:May 2010
Message Posted: Feb 21, 2012 6:45:53 AM

What do people expect out of a Middle Eastern country that we have had trouble with for decades. They want to s$&*w as much money as they possible can out of the West and don't give a damn about other countries economies or peoples. The price of gas is forcing people to make decisions on whether or not to eat that week or be able to put gas in their vehicle to get to and from work.
amoshins
Champion Author Trenton

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Message Posted: Feb 21, 2012 6:38:49 AM

Hi Ho, Hi Ho, Higher Oil Prices on the Go
cmptrmush
Champion Author Detroit

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Joined:Feb 2011
Message Posted: Feb 21, 2012 6:34:20 AM

I think oil prices are too high to begin with. But with this Iran issue going on, oil prices are going through a bubble up, until England and France finalize a new source of oil for themselves. Then prices will come back down to "normal".
07skydriver
Champion Author Ohio

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Message Posted: Feb 21, 2012 6:17:53 AM

Just stay home.
bullet226
Champion Author Toronto

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Message Posted: Feb 21, 2012 6:14:25 AM

Same old...
brbaritone
Champion Author Virginia

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Message Posted: Feb 21, 2012 6:06:46 AM

Looks like Iran has the oil market on a leash. Either that, or the oil market is using 'tensions' as an excuse to increase prices.
335d1
Champion Author Virginia

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Message Posted: Feb 21, 2012 5:27:32 AM

Yup, and going higher as we get closer to Summer.
SkyWarnTX
All-Star Author Texas

Posts:947
Points:57,185
Joined:Jan 2012
Message Posted: Feb 21, 2012 5:25:27 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

---
Rockyguitar
Champion Author Tampa

Posts:5,773
Points:1,989,815
Joined:Sep 2008
Message Posted: Feb 21, 2012 5:16:53 AM

Prices up! Whoda thunkit?
fjkcpa
Champion Author Houston

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

Not good...
ReddevilNO
Champion Author New Orleans

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Message Posted: Feb 21, 2012 4:54:50 AM

And we all know it, don't we?
mike1881
Champion Author Fayetteville

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Message Posted: Feb 21, 2012 4:54:39 AM

I would say something about Obama, but my mom said if you don't have anything nice to say, don't say anything at all.
epf
Champion Author Grand Rapids

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Message Posted: Feb 21, 2012 4:36:31 AM

Where are the warplanes reported in the NY Times on Monday?
SavingInNC
Champion Author North Carolina

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Message Posted: Feb 21, 2012 4:27:17 AM

For sure
kenji554
Champion Author Charlotte

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Message Posted: Feb 21, 2012 4:25:14 AM

Ouch
Yooperheart
Champion Author Michigan

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Message Posted: Feb 21, 2012 3:39:27 AM

Thanks djgunrunner for that post.
daequitz
Champion Author New Jersey

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Message Posted: Feb 21, 2012 3:34:59 AM

No good reason.
djgunrunner
Champion Author Salt Lake City

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Message Posted: Feb 21, 2012 3:30:58 AM

Get Natural Gas on line for more automobiles and use it to replace home heating oil, get obama to support it. Step down on big oil for exporting the fuels and causing a shortage so that they can raise the prices and gouge us even more. Pass laws to control the speculators. Get rid of Ethanol as it has less efficiency than regular gas and therefore we use more of it.
OHMS
Champion Author Orange County

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Message Posted: Feb 21, 2012 2:21:48 AM

Early afternoon in London, the front-month April Brent contract on the ICE futures exchange was up 65 cents, or 0.5%, at $120.23 a barrel. The U.S. crude front-month March contract was trading up $1.88, or 1.8%, at $105.48 a barrel
Amplion
Champion Author Oregon

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Message Posted: Feb 21, 2012 2:10:25 AM

This is the HOPE & CHANGE that the MAJORITY VOTED for !!!!!
RNCII
Champion Author Michigan

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Joined:Jun 2011
Message Posted: Feb 21, 2012 1:55:53 AM

Oil prices would drop at least $10 to $20 a barrel in just a few days if we announced we were going to build the Keystone XL pipeline.
Obama had screwed us again and again over energy policy actions.
And now we will get a taste of the future of energy costs under the Obama administration.

NoBama 2012
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