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Oil price up after attack on US consulate in Libya

AP -- BANGKOK (AP) -- Oil traded above $97 a barrel Thursday in Asia after an attack on the U.S. Consulate in Libya and the killing of the U.S. ambassador there sparked new worries about unrest in the Middle East.

Benchmark crude was up 6 cents at $97.07 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 16 cents Wednesday to end at $97.01 per barrel in New York.

Brent crude was up 16 cents at $115.49 a barrel on the ICE Futures Exchange in London.

Ambassador Chris Stevens and three other Americans died after a mob attack on the U.S. diplomatic facility in Benghazi on Tuesday. The attack in Libya came hours after a mob stormed the U.S. Embassy in Cairo and tore down the U.S. flag.

Officials were investigating whether the rampage

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Submitted Sep 13, 2012 By: mastermariner

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my2002m Champion Author Tulsa Posts:6,054 Points:1,666,300 Joined:Jul 2008	Message Posted: Sep 13, 2012 11:22:43 PM Ignore my2002m Report Abuse And we thought prices were going to go down.
PathfinderSC Champion Author South Carolina Posts:9,501 Points:1,827,715 Joined:Mar 2008	Message Posted: Sep 13, 2012 7:43:57 PM Ignore PathfinderSC Report Abuse They always looking to raise gas prices.
GasGuzZ71 Veteran Author Texas Posts:288 Points:1,348,705 Joined:Aug 2006	Message Posted: Sep 13, 2012 2:25:03 PM Ignore GasGuzZ71 Report Abuse Why would prices go up? Is there any fear about a reprisal from this administration? I doubt it. We'll probably just apologize for soiling their soil with our blood.
36_ACRES_4_SALE All-Star Author Appleton Posts:999 Points:338,815 Joined:Oct 2011	Message Posted: Sep 13, 2012 2:22:30 PM Ignore 36_ACRES_4_SALE Report Abuse k
sydb7 Champion Author Atlanta Posts:3,542 Points:1,916,730 Joined:Mar 2003	Message Posted: Sep 13, 2012 1:46:05 PM Ignore sydb7 Report Abuse A speculator's excuse!!
sts808 Veteran Author Honolulu Posts:361 Points:51,890 Joined:Jun 2012	Message Posted: Sep 13, 2012 12:28:33 PM Ignore sts808 Report Abuse ok
melvindale Champion Author Michigan Posts:1,438 Points:351,230 Joined:Jun 2011	Message Posted: Sep 13, 2012 12:27:43 PM Ignore melvindale Report Abuse Just an excuse to run up prices, again.
packards42 Champion Author Washington Posts:6,425 Points:1,124,590 Joined:Feb 2005	Message Posted: Sep 13, 2012 12:24:36 PM Ignore packards42 Report Abuse .16 ccents a barrel. why brother to report it.
dieselgus1 All-Star Author Montana Posts:528 Points:482,400 Joined:Oct 2009	Message Posted: Sep 13, 2012 12:12:25 PM Ignore dieselgus1 Report Abuse classic. i know Libya produces oil, but an embassy attack driving up[ prices? uhhhh, I'm sorry, that's just BS. They'll spin it as "unknown" with respect to Libya's oil output, but that's BS.
sramroop Champion Author Birmingham Posts:3,297 Points:735,855 Joined:Jul 2010	Message Posted: Sep 13, 2012 11:26:00 AM Ignore sramroop Report Abuse Any reason to send up the prices
leemun Champion Author Utah Posts:5,513 Points:1,036,125 Joined:May 2010	Message Posted: Sep 13, 2012 11:20:49 AM Ignore leemun Report Abuse And what were you expecting?
Mariuxus Champion Author Chicago Posts:3,740 Points:1,867,065 Joined:May 2007	Message Posted: Sep 13, 2012 11:15:12 AM Ignore Mariuxus Report Abuse wow...any reason is good...up and up...
stopforgas All-Star Author Mississippi Posts:991 Points:478,380 Joined:Jun 2011	Message Posted: Sep 13, 2012 11:09:16 AM Ignore stopforgas Report Abuse Doug, you are wrong.
jlf599 Veteran Author Kentucky Posts:339 Points:126,925 Joined:May 2012	Message Posted: Sep 13, 2012 10:58:58 AM Ignore jlf599 Report Abuse Actually, blaming speculators is not wrong. Supply and demand mean nothing. They do have control, Doug. Weathermen do not.
DougtheEconMan Champion Author Akron Posts:1,903 Points:268,690 Joined:Feb 2008	Message Posted: Sep 13, 2012 10:54:56 AM Ignore DougtheEconMan Report Abuse Blaming speculators for high energy prices is like blaming the weatherman for the bad weather!
Jeff4U Champion Author Atlanta Posts:8,728 Points:1,849,120 Joined:Nov 2004	Message Posted: Sep 13, 2012 10:43:56 AM Ignore Jeff4U Report Abuse Oil prices up due to iPhone5 announcement.
BudsterMO Champion Author Kansas City Posts:3,690 Points:699,930 Joined:Aug 2009	Message Posted: Sep 13, 2012 10:34:35 AM Ignore BudsterMO Report Abuse Develope and promote alternative forms of energy everywhere possible. Stop Oil Speculation (SOS) NOW!
zaq001 Champion Author Atlanta Posts:3,960 Points:1,469,075 Joined:Oct 2008	Message Posted: Sep 13, 2012 10:29:21 AM Ignore zaq001 Report Abuse Not a surprise.
VernonOR Champion Author Oregon Posts:2,895 Points:734,470 Joined:Aug 2010	Message Posted: Sep 13, 2012 10:24:24 AM Ignore VernonOR Report Abuse Only answer to have lower fuel prices is alternative energy. Gas will never be cheap again.
hallows Champion Author St. Louis Posts:4,678 Points:2,800,620 Joined:Jun 2004	Message Posted: Sep 13, 2012 10:23:43 AM Ignore hallows Report Abuse My same sentiments, VWC!
DougtheEconMan Champion Author Akron Posts:1,903 Points:268,690 Joined:Feb 2008	Message Posted: Sep 13, 2012 10:23:33 AM Ignore DougtheEconMan Report Abuse Dollar Index is down to 79.66 this morn! Obama keeps spending at record pace, putting downward pressure on the US Dollar, causing upward pressure on oil/gasoline prices. I cant see prices at the pump dropping very much or maybe not at all!
DougtheEconMan Champion Author Akron Posts:1,903 Points:268,690 Joined:Feb 2008	Message Posted: Sep 13, 2012 10:23:07 AM Ignore DougtheEconMan Report Abuse KEEP YOUR TANKS FULL! I've been preaching this for almost 2 months. The "pundits" and "experts" have NOT understood the supply/demand curve for gasoline that started to shape at the beginning of summer. Gasoline refineries have been overworked for months and months. Many have broke down. Some have caught on fire. This was all BEFORE the huricane!! We've seen some after driving season price drop, but very little and this is probably it. STAY FULL! We are only one or two down refineries from shooting back over $4 for a national average. Obamas failing and falling dollar will continue to put upward pressure on oil/gasoline.
alwaysridin88 Champion Author Ohio Posts:1,431 Points:561,950 Joined:Jul 2011	Message Posted: Sep 13, 2012 10:22:40 AM Ignore alwaysridin88 Report Abuse Wind is blowing, oil is up; raining, raise prices; Arab sheik needs new car, jack up the cost per barrel. Always an excuse to gouge us.
VWC Veteran Author Maryland Posts:486 Points:791,385 Joined:Oct 2004	Message Posted: Sep 13, 2012 10:20:36 AM Ignore VWC Report Abuse Always an excuse to raise the price.
Wolfwings Champion Author Delaware Posts:8,720 Points:1,772,465 Joined:May 2004	Message Posted: Sep 13, 2012 10:20:31 AM Ignore Wolfwings Report Abuse Here's a thought: Stop dealing with these arabs. Let them destroy each other, and leave the rest of the world ALONE.
FuelBarge Champion Author Long Island Posts:9,180 Points:2,072,290 Joined:Aug 2005	Message Posted: Sep 13, 2012 10:18:55 AM Ignore FuelBarge Report Abuse I am stunned at how fast gasoline prices are rising and to the prices. I am now seeing between $4.079 and $4.199 for regular. And after Labor Day no less.
DeeLA Champion Author Los Angeles Posts:4,797 Points:1,361,330 Joined:Nov 2008	Message Posted: Sep 13, 2012 10:16:17 AM Ignore DeeLA Report Abuse lIt's too bad that the speculators only read the headlines and don't study what really happened here.
momof5MN Champion Author Twin Cities Posts:4,034 Points:213,260 Joined:Feb 2011	Message Posted: Sep 13, 2012 10:14:50 AM Ignore momof5MN Report Abuse And gas went up another dime yesterday.
Insuremn Champion Author Twin Cities Posts:4,932 Points:1,027,010 Joined:May 2010	Message Posted: Sep 13, 2012 10:14:26 AM Ignore Insuremn Report Abuse Ok.
ibhenry Champion Author San Diego Posts:1,536 Points:456,445 Joined:Jun 2011	Message Posted: Sep 13, 2012 10:13:48 AM Ignore ibhenry Report Abuse Someone spit on the sidewalk in Iran, gas going up two cents...
mberg Champion Author Houston Posts:3,787 Points:956,480 Joined:Aug 2010	Message Posted: Sep 13, 2012 10:11:52 AM Ignore mberg Report Abuse Were these buyers, or speculators, or someone just trying to make a living?
MrLuigi Champion Author Massachusetts Posts:4,753 Points:962,685 Joined:Jun 2005	Message Posted: Sep 13, 2012 10:11:38 AM Ignore MrLuigi Report Abuse wouldn't have effected prices if we didn't deal with the Middle East and the unrest they represent constantly
zonernovi Champion Author Michigan Posts:2,204 Points:638,330 Joined:May 2005	Message Posted: Sep 13, 2012 10:11:23 AM Ignore zonernovi Report Abuse another excuse
nomad228 Champion Author Columbus Posts:3,117 Points:575,140 Joined:Feb 2011	Message Posted: Sep 13, 2012 10:11:15 AM Ignore nomad228 Report Abuse i just thought of a way to fix this problem.gas the whole country,not kill them just gas them/put them to sleep for a day/week then have troops walk the land and pick up any of them that have guns/rifles/or even more lethal weapons. then throw them on a island somewhere like they did in the old days in australia.botany bay.
CorvairHaven Champion Author Cleveland Posts:4,339 Points:1,450,165 Joined:Sep 2008	Message Posted: Sep 13, 2012 10:11:03 AM Ignore CorvairHaven Report Abuse I sure wouldn't want to live in an Islamic country.
Don20 Champion Author Oklahoma City Posts:9,652 Points:2,615,630 Joined:Mar 2005	Message Posted: Sep 13, 2012 10:10:50 AM Ignore Don20 Report Abuse Oil traded above $97 a barrel Thursday in Asia after an attack on the U.S. Consulate in Libya and the killing of the U.S. ambassador there sparked new worries about unrest in the Middle East. Any excuse is good, don't let any disaster go to waist...
gasman50 Champion Author Portland Posts:8,824 Points:2,405,485 Joined:Nov 2005	Message Posted: Sep 13, 2012 10:09:28 AM Ignore gasman50 Report Abuse Thanks to our "friends" in the Middle East
jimgraham Champion Author Akron Posts:10,352 Points:1,976,585 Joined:Oct 2007	Message Posted: Sep 13, 2012 10:09:24 AM Ignore jimgraham Report Abuse What took them so long and why did they only go up 16 cents? Maybe the speculators are getting a little scared that they are way out on a limb here?
1958tomg Champion Author Kansas Posts:2,116 Points:541,340 Joined:Oct 2011	Message Posted: Sep 13, 2012 10:09:07 AM Ignore 1958tomg Report Abuse ok
rippertoo Champion Author Tacoma Posts:5,735 Points:1,137,835 Joined:Jan 2010	Message Posted: Sep 13, 2012 10:08:50 AM Ignore rippertoo Report Abuse Or any other news too.
jpgilmor Champion Author Houston Posts:2,151 Points:600,070 Joined:Feb 2011	Message Posted: Sep 13, 2012 10:08:27 AM Ignore jpgilmor Report Abuse Of course.
bigtravelerPA Veteran Author Harrisburg Posts:339 Points:205,130 Joined:Jan 2012	Message Posted: Sep 13, 2012 10:08:11 AM Ignore bigtravelerPA Report Abuse Tired of excuses
OldMan322 Champion Author Illinois Posts:5,135 Points:1,590,740 Joined:Jul 2008	Message Posted: Sep 13, 2012 10:07:26 AM Ignore OldMan322 Report Abuse speculators trying to make an easy buck
cheli2010 All-Star Author Twin Cities Posts:616 Points:284,460 Joined:Mar 2010	Message Posted: Sep 13, 2012 10:07:07 AM Ignore cheli2010 Report Abuse no surprise here....
madison8359 Champion Author Cleveland Posts:8,979 Points:1,589,295 Joined:Apr 2008	Message Posted: Sep 13, 2012 10:06:54 AM Ignore madison8359 Report Abuse Any reason of no reason, my aunt was late coming home last night, I guess we will raise prices.
babyjudy Champion Author Tucson Posts:2,711 Points:557,735 Joined:Sep 2011	Message Posted: Sep 13, 2012 10:05:30 AM Ignore babyjudy Report Abuse What did you expect?
Somis1 Champion Author Ventura Posts:13,662 Points:2,610,775 Joined:Jul 2005	Message Posted: Sep 13, 2012 10:05:01 AM Ignore Somis1 Report Abuse Not an unreasonable reaction, and shouldn't last long.
techque Champion Author St. Louis Posts:8,635 Points:2,417,130 Joined:Apr 2005	Message Posted: Sep 13, 2012 10:04:55 AM Ignore techque Report Abuse "The fact that all of this is occurring without a price impact on oil shows that a geopolitical premium is already priced in,"
tribill Champion Author Twin Cities Posts:3,342 Points:2,336,610 Joined:Feb 2006	Message Posted: Sep 13, 2012 10:04:51 AM Ignore tribill Report Abuse Whatever...
96sc1 Champion Author El Paso Posts:8,517 Points:1,367,440 Joined:Mar 2008	Message Posted: Sep 13, 2012 10:04:11 AM Ignore 96sc1 Report Abuse thepi reported: "And it sure didn't take long to affect gas pump prices in the Twin Cities, up over 25 cents a gallon in the past week ..." Perhaps the Twin Cities station owners were in on it.