Oil Falls $4 on Dip in Demand

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Topspin

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Oil Falls $4 on Dip in Demand
By Gregory Meyer
Word Count: 511 * Companies Featured in This Article: Royal Dutch Shell, Chevron
Crude-oil futures sank more than $4 a barrel Wednesday after a government agency reported an unexpected increase in U.S. crude inventories and flagging petroleum demand.

Light, sweet crude for August delivery was recently down $4.16, or 3%, at $132.84 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange fell $3.57 to $132.89 a barrel.

The Energy Information Administration reported that U.S. crude stockpiles last week rose for the first time since early May, with 800,000 barrels added to inventories. Analysts surveyed by Dow Jones Newswires had anticipated stocks would fall 900,000 barrels.
 
Well, if demand has fallen and inventories have risen, than the speculators, rather than having taken the day off, probably just speculated that prices might fall, and thus, drove down the price, albeit, minutely.

See, how it works is, speculators are speculating on short-term pricing, so short-term demand having fallen, and inventories having risen, indicates a lower price. It’s basic supply and demand.

Class dismissed. Go read about shoes.
 
Hopefully the Fed doesn't play their typical chickenshit games today. They need to raise rates starting NOW. But alas, I doubt they will.

They need to promote a stronger dollar today to put downward pressure on commodity prices.... yet they won't.

We need to abolish the Fed Reserve System. Why is it that the US government needs to pay the Fed interest on fiat money from the Fed? Why not just print the damn money themselves?

For our lawyers... a challenge/favor.... is the Fed System even Constitutional?
 
wow lefturds will use classic supplay and demand and say speculators turned on a dime and drove the price down.
AHH good thing you never set foot in an economics class dhula you'da flunked.
 
Topspin said:
wow lefturds will use classic supplay and demand and say speculators turned on a dime and drove the price down.
AHH good thing you never set foot in an economics class dhula you'da flunked.
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Actually toppy, if you were watching what is happening today, that is pretty much precisely what is going on today. It is not the average consumer that causes oil prices to spike up or down. It is the speculators.... and they move based on their expectations of supply and demand. When something surprises them... they move to protect their positions.
 
Superfreak said:
Actually toppy, if you were watching what is happening today, that is pretty much precisely what is going on today. It is not the average consumer that causes oil prices to spike up or down. It is the speculators.... and they move based on their expectations of supply and demand. When something surprises them... they move to protect their positions.
Click to expand...

hahhahaha
 
Superfreak said:
aww... hell.... forget my previous post.... Lets just all go with....

Toppy got schooled by DUHLA....

:D
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Like that’s new? I school that dope every damned day, but he just retorts with “fat duhla rebfy bnguiu ngyug” and I just give up on him!

But he’s going to get you for saying so. You better look out, I sense a “suprcoldcaler” coming.
 
this is retarded revisionism.
Freaking Supply was up and demand was down. Calling that speculation is a streatch, that's market reacting to current conditions.
Dhula could school me on Coach's inventory and remedial writing, healthy eating, good liberalism (I'm workign on that) but business not so much.
 
Topspin said:
this is retarded revisionism.
Freaking Supply was up and demand was down. Calling that speculation is a streatch, that's market reacting to current conditions.
Dhula could school me on Coach's inventory and remedial writing, healthy eating, good liberalism (I'm workign on that) but business not so much.
Click to expand...

Shut up, you ignorant fascist retard. We could prove you wrong all day and you would just respond with some misspelled insult.
 
Nope did not start college. Father died during my last year of HS and then I got drafted not long after, kinda screws up things for a while.


Hmm does an associate tech degree count ?

And about 4k classroom hours on top of that ?


I think I have enuff schoolin. especially if I turn out like you for getting a degree :clink:
 
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