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Brent Down $1 as Hurricane Avoids Oil Platforms

Reuters -- North Sea Brent crude oil fell more than $1 per barrel on Wednesday as Hurricane Isaac, which hit land in Louisiana, left U.S. Gulf Coast oil production facilities without significant damage.

Worries about supply disruptions resulting from the hurricane pushed Brent to a high of $115.50 per barrel on Monday, while Nymex futures hit a peak of $97.72.

Brent crude oil futures for October [LCOCV1 112.03 -0.55 (-0.49%) ] were down 90 cents per barrel at $111.68 after hitting an intra-day low of $111.50.

U.S. light crude oil [CLCV1 95.56 -0.77 (-0.8%) ] was down 80 cents at $95.53.



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Submitted Aug 29, 2012 By: WxVette
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Brent Down $1 as Hurricane Avoids Oil Platforms Back to Topics
REPLIES (newest first) Post a Reply
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honda0105
Champion Author Tallahassee

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Message Posted: Sep 2, 2012 7:44:53 AM

crude may have dropped, but pump prices ain't following so much.
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sparky808
Champion Author Honolulu

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Message Posted: Aug 30, 2012 1:20:21 PM

Thank you for posting.
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blupupher
Champion Author Houston

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Message Posted: Aug 30, 2012 8:54:00 AM

but fuel prices willrise
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bvrbill
Champion Author Eugene

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Message Posted: Aug 30, 2012 12:16:02 AM

They will find a way to keep prices from falling at the pump.
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big_mac64
Champion Author Tennessee

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Message Posted: Aug 29, 2012 11:41:57 PM

mumbo-jumbo...show me with lower prices!
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clermont40miles
Champion Author Cincinnati

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Message Posted: Aug 29, 2012 11:41:56 PM

Brent sment.

Go with WTI!
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EVBuddy
Champion Author Nevada

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Message Posted: Aug 29, 2012 11:40:01 PM

Yes but labor Day Is Comming
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fenster66
Champion Author Pittsburgh

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Message Posted: Aug 29, 2012 11:35:21 PM

lets see prices go down at the pump....
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mstearno
Champion Author Dayton

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Message Posted: Aug 29, 2012 11:35:15 PM

lucky us
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monarch57
Champion Author British Columbia

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Message Posted: Aug 29, 2012 11:33:28 PM

That's great news. Keeop going down to $60.
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southrob
Champion Author Tucson

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Message Posted: Aug 29, 2012 11:31:14 PM

everything makes it go up. dhan to make it go down
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WIPACKERFAN
Champion Author Chicago

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Message Posted: Aug 29, 2012 11:28:59 PM

OK
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suicyco16
All-Star Author Phoenix

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Message Posted: Aug 29, 2012 11:22:46 PM

how nice
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Blue48
Champion Author Illinois

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Message Posted: Aug 29, 2012 11:21:56 PM

UP..DOWN..UP..DOWN!
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mgune9
All-Star Author Dallas

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Message Posted: Aug 29, 2012 11:18:35 PM

pump prices won't fall
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camaro_man
Champion Author Kitchener-Waterloo

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Message Posted: Aug 29, 2012 11:18:09 PM

wow
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CobraJ
Champion Author Tampa

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Message Posted: Aug 29, 2012 11:16:04 PM

Ooh! A big $1 Eh! Yeah. Tomorrow, speculators will shoot it up $10 upon news that a tanker spills few thousand gallons of oil.
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MacDad614
Champion Author Atlanta

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Message Posted: Aug 29, 2012 11:15:41 PM

So oil prices decreased and gasoline prices in Atlanta spiked from $3.69 to $3.94 - GREEDY Esso-Bees.

Big oil is like Pfizer, jacking their prices because they were losing money.
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serrog
Champion Author Nova Scotia

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Message Posted: Aug 29, 2012 11:14:39 PM

good news
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aggietim
Champion Author Fort Worth

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Message Posted: Aug 29, 2012 11:09:40 PM

ok
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justmedc
Veteran Author Michigan

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Message Posted: Aug 29, 2012 11:07:09 PM

what is really dumb about all this is gas in MI went up over 30 cents (they are blaming the Issac. yet my friend near Pensecola said gas only went up there about 5 cents. does not make any sense!!! but then i guess i wasn't really expecting it to.
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jodybull
All-Star Author El Paso

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Message Posted: Aug 29, 2012 11:01:37 PM

So? No surprise to me.
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Tekkersmom57
Champion Author Syracuse

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Message Posted: Aug 29, 2012 10:59:43 PM

You hit the nail right on the head, splitrman!
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suzmar
Champion Author Texas

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Message Posted: Aug 29, 2012 10:52:36 PM

The rise was all speculation that something might go wrong.
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inspiretl
Veteran Author New Jersey

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Message Posted: Aug 29, 2012 10:51:17 PM

gas prices went up again today.
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bobdec
Champion Author Miami

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Message Posted: Aug 29, 2012 10:50:38 PM

Prices still rising here also
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paulydel
Champion Author Delaware

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Message Posted: Aug 29, 2012 10:50:31 PM

Gas should be a dollar or less a gallon.
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hauler43
Champion Author Oakland

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Message Posted: Aug 29, 2012 10:47:10 PM

Gas prices are up a few pennies here
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brammage8
Rookie Author Illinois

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Message Posted: Aug 29, 2012 10:45:25 PM

indeed
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carman11
Champion Author North Carolina

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Message Posted: Aug 29, 2012 10:45:24 PM

OK
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Romey08
Champion Author Virginia

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Message Posted: Aug 29, 2012 10:45:06 PM

waiting for gas prices to drop
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Point__man
Champion Author Raleigh

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Message Posted: Aug 29, 2012 10:43:31 PM

$1 down today means how many $$$$ up tomorrow ;)
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CAroadrunner101
Champion Author California

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Message Posted: Aug 29, 2012 10:41:08 PM

gas will still go up...
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mrbee
Champion Author Little Rock

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Message Posted: Aug 29, 2012 10:40:48 PM

But the price jumped about 27c here this week.
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kcboy
Champion Author Utah

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Message Posted: Aug 29, 2012 10:40:02 PM

Good
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grammamNV
Champion Author Nevada

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Message Posted: Aug 29, 2012 10:40:01 PM

so, will gas prices go down? or up?
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BCweatherman
Champion Author British Columbia

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Message Posted: Aug 29, 2012 10:39:18 PM

good
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abcdMA
Champion Author Worcester

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Message Posted: Aug 29, 2012 10:39:03 PM

this issue is far from finished yet due to the flooding
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justmedc
Veteran Author Michigan

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Message Posted: Aug 29, 2012 10:37:02 PM

and yet gas has not gone down here, and some stations even went up again today, yippee!!!!!!!!!!!
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Is246
Champion Author Albuquerque

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Message Posted: Aug 29, 2012 10:31:38 PM

Paying the profiteers!!!
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dad2two
Champion Author Dallas

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Message Posted: Aug 29, 2012 10:30:58 PM

Crude should not have gone up on fears something might happen.
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dacofa
Champion Author Nevada

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Message Posted: Aug 29, 2012 10:25:36 PM

For a few days at least.
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TDIdave
Champion Author California

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Message Posted: Aug 29, 2012 10:24:06 PM

Good.
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Johnnyrebell12
Champion Author Massachusetts

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Message Posted: Aug 29, 2012 10:23:37 PM

So Brent went down a dollar, so what? The big guys aren't going to loose any sleep over it and the consumer isn't going to save anything at the pumps, so what do I care about Brent going down a dollar
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BMWer
Champion Author Calgary

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Message Posted: Aug 29, 2012 10:23:13 PM

OK..but is the pump price also going to go down?
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netman044
Champion Author Texas

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Message Posted: Aug 29, 2012 10:19:34 PM

It not only could it should go down more. Instead of waiting to see if the hurricane was going to hit Gulf production, prices started going up on the possibility that it would.
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bginsj
Champion Author San Jose

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Message Posted: Aug 29, 2012 10:15:52 PM

it could go down even more!!
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MINIWINI598
Champion Author Washington

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Message Posted: Aug 29, 2012 10:15:46 PM

ok
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afghaned
Champion Author Ottawa

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Message Posted: Aug 29, 2012 10:15:24 PM

Great!!!
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goodbuy
Champion Author Michigan

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Message Posted: Aug 29, 2012 10:13:39 PM

So then we should see gas drop tomorrow
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darkknight1
Champion Author Winston-Salem

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Message Posted: Aug 29, 2012 10:12:38 PM

Then why isn't gas dropping?
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