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NYMEX-Crude up; below $96 on growth worries, Saudi action

Reuters -- SINGAPORE, Sept 19 (Reuters) - U.S. crude edged up on
Wednesday, snapping two days of falls, but remained under $96 a
barrel as a renewed focus on a weak global economy and
indications that the world's top oil exporter Saudi Arabia is
pumping more oil held back the market.

FUNDAMENTALS
* U.S. crude for October delivery rose 31 cents to
$95.60 per barrel by 2318 GMT. U.S. October crude which expires
on Thursday, settled at $95.29 a barrel in the previous session,
below the 200-day moving average of $95.57. U.S. November crude
was up 29 cents at $95.91 a barrel.
* London's Brent crude for November delivery was
down 24 cents at $111.70 a barrel.
* A senior Gulf source said Saudi Arabia is working to lower
oil prices and is producing around 10 million barrels per da

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Submitted Sep 19, 2012 By: mastermariner

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honda0105 Champion Author Tallahassee Posts:18,599 Points:1,607,570 Joined:Nov 2008	Message Posted: Sep 23, 2012 5:02:12 AM Ignore honda0105 Report Abuse hopefully not. B/c that means by Turkey Day, Black Friday and Xmas shopping will be severely crippled. Some smaller retailers need the money to stay afloat this year.
doctorindyj Champion Author Santa Fe Posts:3,438 Points:836,785 Joined:Nov 2009	Message Posted: Sep 19, 2012 7:31:46 AM Ignore doctorindyj Report Abuse Let's see how long the Saudi's can keep it up before they want prices to rise again. My guess is in early November.
ReddevilNO Champion Author New Orleans Posts:3,360 Points:579,490 Joined:Aug 2011	Message Posted: Sep 19, 2012 3:32:39 AM Ignore ReddevilNO Report Abuse Whatever!
WalRus49 Champion Author Boston Posts:4,065 Points:866,915 Joined:Nov 2010	Message Posted: Sep 19, 2012 1:47:05 AM Ignore WalRus49 Report Abuse More organized mayhem and pillage..................
36_ACRES_4_SALE All-Star Author Appleton Posts:999 Points:338,815 Joined:Oct 2011	Message Posted: Sep 18, 2012 10:31:19 PM Ignore 36_ACRES_4_SALE Report Abuse ok
boatmen Champion Author New York Posts:3,070 Points:620,630 Joined:Jan 2011	Message Posted: Sep 18, 2012 9:48:31 PM Ignore boatmen Report Abuse Way to high for us to do anything but cause more pain
CarefreeVT Champion Author Burlington Posts:1,796 Points:256,855 Joined:Aug 2012	Message Posted: Sep 18, 2012 9:43:17 PM Ignore CarefreeVT Report Abuse maybe if we open up more alternative sources of fuel for cars it will drop to $50 again...
zantor Veteran Author San Bernardino Posts:258 Points:53,025 Joined:Jul 2012	Message Posted: Sep 18, 2012 9:42:34 PM Ignore zantor Report Abuse good
outlaw329 Champion Author Austin Posts:7,611 Points:1,373,305 Joined:Aug 2008	Message Posted: Sep 18, 2012 9:42:10 PM Ignore outlaw329 Report Abuse Staying below a hundred is always good.
Mariuxus Champion Author Chicago Posts:3,750 Points:1,869,115 Joined:May 2007	Message Posted: Sep 18, 2012 9:41:10 PM Ignore Mariuxus Report Abuse ok
don10 Champion Author North Carolina Posts:1,517 Points:308,405 Joined:Jun 2012	Message Posted: Sep 18, 2012 9:40:03 PM Ignore don10 Report Abuse ok
granitestater Champion Author New Hampshire Posts:8,812 Points:1,428,800 Joined:Oct 2008	Message Posted: Sep 18, 2012 9:39:16 PM Ignore granitestater Report Abuse Under one hundred bucks is good...
rawdog1313 Champion Author Lexington Posts:3,294 Points:1,640,955 Joined:May 2008	Message Posted: Sep 18, 2012 9:38:59 PM Ignore rawdog1313 Report Abuse Regulate Oil Speculation!
Rooster922 Champion Author Wilmington Posts:3,778 Points:654,120 Joined:Jan 2009	Message Posted: Sep 18, 2012 9:37:23 PM Ignore Rooster922 Report Abuse So?
Rageagainsttm Champion Author Tampa Posts:8,293 Points:1,901,030 Joined:Jul 2007	Message Posted: Sep 18, 2012 9:37:09 PM Ignore Rageagainsttm Report Abuse sure
gabfiore Sophomore Author San Diego Posts:151 Points:86,925 Joined:Apr 2012	Message Posted: Sep 18, 2012 9:34:53 PM Ignore gabfiore Report Abuse There was an article just posted that virtually states the exact opposite of this information. Hhmmm. Once again, the consumer being bam-boozled it seems :(
GasholeMI Champion Author Lansing Posts:10,129 Points:1,716,340 Joined:Jul 2008	Message Posted: Sep 18, 2012 9:34:03 PM Ignore GasholeMI Report Abuse Just get more oil from drilling in N Dakota.
Badmoon Champion Author Massachusetts Posts:8,298 Points:1,649,540 Joined:Oct 2008	Message Posted: Sep 18, 2012 9:32:49 PM Ignore Badmoon Report Abuse Too early in the morning for this to be of any significance.
frostyWV Champion Author West Virginia Posts:2,339 Points:519,235 Joined:May 2011	Message Posted: Sep 18, 2012 9:32:34 PM Ignore frostyWV Report Abuse oil under $100 and gas $4.00 = BS
emcGas All-Star Author College Station Posts:881 Points:256,065 Joined:Apr 2011	Message Posted: Sep 18, 2012 9:31:47 PM Ignore emcGas Report Abuse ok
craigsf38 Champion Author Rochester Posts:5,703 Points:1,508,305 Joined:Jun 2008	Message Posted: Sep 18, 2012 9:30:21 PM Ignore craigsf38 Report Abuse For the moment its down, just give the speculators time
miser709 Champion Author Grand Rapids Posts:1,268 Points:1,068,175 Joined:Mar 2004	Message Posted: Sep 18, 2012 9:30:19 PM Ignore miser709 Report Abuse Big whoop.
Kawibiker Champion Author Illinois Posts:1,165 Points:203,400 Joined:May 2012	Message Posted: Sep 18, 2012 9:30:16 PM Ignore Kawibiker Report Abuse it needs to go lower and lower..
heydano67 Champion Author California Posts:1,656 Points:356,385 Joined:Feb 2012	Message Posted: Sep 18, 2012 9:28:46 PM Ignore heydano67 Report Abuse keep on falling
10k Champion Author North Carolina Posts:21,231 Points:2,252,070 Joined:May 2006	Message Posted: Sep 18, 2012 9:27:54 PM Ignore 10k Report Abuse dropped 2 whole pennies after it jumped 10¢..i'm so happy-not !!..
jkpsr Champion Author New Jersey Posts:4,074 Points:1,100,930 Joined:Jun 2005	Message Posted: Sep 18, 2012 9:27:00 PM Ignore jkpsr Report Abuse We need to hold on, patiently, until stable levels are attained.
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Sep 18, 2012 9:25:48 PM Ignore tedjm1 Report Abuse Saudi Arabia wants to lower the cost of oil?
langolera Champion Author Akron Posts:1,751 Points:664,030 Joined:Sep 2005	Message Posted: Sep 18, 2012 9:25:03 PM Ignore langolera Report Abuse ok
JohnofGB Champion Author Flint Posts:5,411 Points:1,094,245 Joined:Feb 2010	Message Posted: Sep 18, 2012 9:24:37 PM Ignore JohnofGB Report Abuse I hope some of the speculators go broke on this.
jem069 Champion Author Detroit Posts:2,528 Points:685,130 Joined:Jan 2011	Message Posted: Sep 18, 2012 9:23:06 PM Ignore jem069 Report Abuse Ok
EVBuddy Champion Author Nevada Posts:16,675 Points:3,028,670 Joined:Sep 2004	Message Posted: Sep 18, 2012 9:22:25 PM Ignore EVBuddy Report Abuse and not because I didn't buy gas today
boatfloyd Champion Author Jacksonville Posts:1,708 Points:386,025 Joined:Mar 2012	Message Posted: Sep 18, 2012 9:21:44 PM Ignore boatfloyd Report Abuse Keep pumping the oil.
Hi1 Champion Author Ontario Posts:4,840 Points:1,721,685 Joined:Jun 2007	Message Posted: Sep 18, 2012 9:20:15 PM Ignore Hi1 Report Abuse Not good.
tttmikeb All-Star Author St. Louis Posts:685 Points:208,430 Joined:Sep 2008	Message Posted: Sep 18, 2012 9:19:00 PM Ignore tttmikeb Report Abuse ok
millerin Champion Author Orlando Posts:2,295 Points:479,190 Joined:Jan 2012	Message Posted: Sep 18, 2012 9:18:45 PM Ignore millerin Report Abuse still there
viperND Champion Author South Bend Posts:3,300 Points:733,990 Joined:Apr 2011	Message Posted: Sep 18, 2012 9:18:07 PM Ignore viperND Report Abuse bah!
5Golfer8 Champion Author Tucson Posts:2,133 Points:299,675 Joined:Jun 2011	Message Posted: Sep 18, 2012 9:16:44 PM Ignore 5Golfer8 Report Abuse More BS.
crreed1 Champion Author West Virginia Posts:1,975 Points:2,524,385 Joined:May 2005	Message Posted: Sep 18, 2012 9:12:33 PM Ignore crreed1 Report Abuse BS
heartbroken2010 Champion Author Ottawa Posts:4,334 Points:895,585 Joined:Aug 2010	Message Posted: Sep 18, 2012 9:12:16 PM Ignore heartbroken2010 Report Abuse guess that explains massive gsa price fluctuations in the last 5 days.
quasar502 Champion Author Lansing Posts:3,573 Points:799,400 Joined:Jan 2011	Message Posted: Sep 18, 2012 9:11:15 PM Ignore quasar502 Report Abuse What a load.
Blue_Cruzer Champion Author Lexington Posts:7,510 Points:1,667,635 Joined:Mar 2007	Message Posted: Sep 18, 2012 9:10:33 PM Ignore Blue_Cruzer Report Abuse So why are we sill paying so much at the pump?
ace12012 Champion Author Phoenix Posts:1,655 Points:322,885 Joined:Apr 2012	Message Posted: Sep 18, 2012 9:10:02 PM Ignore ace12012 Report Abuse gas prices going down....I dont think so.
jrschl Champion Author Louisville Posts:2,952 Points:678,140 Joined:Jun 2011	Message Posted: Sep 18, 2012 9:09:49 PM Ignore jrschl Report Abuse Whatever.
unicornpmb Champion Author Buffalo Posts:8,476 Points:1,627,465 Joined:Sep 2005	Message Posted: Sep 18, 2012 9:08:34 PM Ignore unicornpmb Report Abuse Some things just don't change.
joel27nc Champion Author Raleigh Posts:10,527 Points:1,856,420 Joined:Mar 2008	Message Posted: Sep 18, 2012 9:08:25 PM Ignore joel27nc Report Abuse Sharp drop? Not!
obimerrill Champion Author Cincinnati Posts:1,430 Points:287,765 Joined:Jul 2012	Message Posted: Sep 18, 2012 9:07:12 PM Ignore obimerrill Report Abuse None of it really makes sense...surprised the Saudis are pumping out more
inspiretl Veteran Author New Jersey Posts:417 Points:165,480 Joined:May 2012	Message Posted: Sep 18, 2012 9:06:43 PM Ignore inspiretl Report Abuse oil falls, but gas prices stays
KnoxGasPriceSpy Champion Author Knoxville Posts:140,842 Points:918,845 Joined:Oct 2010	Message Posted: Sep 18, 2012 9:05:24 PM Ignore KnoxGasPriceSpy Report Abuse punt..
dwh724 Champion Author Pittsburgh Posts:1,521 Points:632,225 Joined:Apr 2011	Message Posted: Sep 18, 2012 9:05:15 PM Ignore dwh724 Report Abuse Okay
1momsunshine Champion Author Ottawa Posts:5,480 Points:998,630 Joined:Mar 2010	Message Posted: Sep 18, 2012 9:04:25 PM Ignore 1momsunshine Report Abuse What to do?