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Oil prices jump after roller-coaster week

AFP -- Oil: Prices see-sawed this week as traders tracked supply-side worries and concerns over the global demand outlook, but finished with a strong push higher.
Brent spiked above $100 on Monday as Norway’s oil industry appeared headed for a labour lockout in the the world’s eighth biggest crude producer.
The market slumped on Tuesday by more than $2.0 after Norway halted the oil workers’ strike that threatened production, while news of weak Chinese crude imports also stoked demand concerns.
Crude futures then rebounded Wednesday on bargain hunting and as traders digested an upbeat US energy inventories report.
The US Energy Information Administration (EIA) said American crude oil inventories slumped by almost 4.7 million barrels in the week ending July 6.
That was much larger than market expec

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Submitted Jul 15, 2012 By: NO_SWEAT

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honda0105 Champion Author Tallahassee Posts:18,590 Points:1,606,595 Joined:Nov 2008	Message Posted: Jul 18, 2012 6:07:34 AM Ignore honda0105 Report Abuse apparently, Pig Oil didn't make enough profits when prices dropped under 2.90/ gal. Back up to 3.20+ now.
unclemattie Veteran Author Atlanta Posts:289 Points:456,155 Joined:Oct 2011	Message Posted: Jul 17, 2012 10:27:43 AM Ignore unclemattie Report Abuse Great!
sparky808 Champion Author Honolulu Posts:2,981 Points:594,810 Joined:Sep 2011	Message Posted: Jul 16, 2012 1:31:39 PM Ignore sparky808 Report Abuse Thank you for posting.
doctorindyj Champion Author Santa Fe Posts:3,438 Points:836,785 Joined:Nov 2009	Message Posted: Jul 16, 2012 10:50:38 AM Ignore doctorindyj Report Abuse They just can't keep the lies straight. A couple of weeks ago oil was going to stockpile while decreased refinery capacity was going to lower distillate inventories.
5kvdave All-Star Author Los Angeles Posts:688 Points:350,000 Joined:May 2011	Message Posted: Jul 16, 2012 3:28:31 AM Ignore 5kvdave Report Abuse SUCH B.S.
1fulltank Champion Author Buffalo Posts:7,888 Points:1,541,385 Joined:Nov 2008	Message Posted: Jul 16, 2012 1:22:48 AM Ignore 1fulltank Report Abuse Already seeing the price reflected at the pumps.
SparkieMi Champion Author Kalamazoo Posts:3,244 Points:584,445 Joined:Sep 2011	Message Posted: Jul 16, 2012 1:21:40 AM Ignore SparkieMi Report Abuse No surprise.... Whatever they can get away with!!!
sprocketsplines Champion Author Washington Posts:1,667 Points:857,715 Joined:Oct 2010	Message Posted: Jul 16, 2012 1:20:02 AM Ignore sprocketsplines Report Abuse Somebody is making a pile of money on the price swings...
srchr Champion Author San Jose Posts:7,236 Points:1,616,335 Joined:Apr 2008	Message Posted: Jul 16, 2012 1:19:33 AM Ignore srchr Report Abuse election coming up
gumbyrex Champion Author Fresno Posts:3,281 Points:755,290 Joined:Mar 2011	Message Posted: Jul 16, 2012 1:17:38 AM Ignore gumbyrex Report Abuse So what else is new...
RENEGADEGAS Champion Author Missouri Posts:14,894 Points:1,588,300 Joined:Jul 2008	Message Posted: Jul 16, 2012 1:16:39 AM Ignore RENEGADEGAS Report Abuse Surprise, Surprise!
prius22 Champion Author Twin Cities Posts:2,195 Points:384,635 Joined:Apr 2012	Message Posted: Jul 16, 2012 1:14:14 AM Ignore prius22 Report Abuse Of course.
Thomtec Champion Author Nashville Posts:2,448 Points:605,220 Joined:May 2011	Message Posted: Jul 16, 2012 1:14:13 AM Ignore Thomtec Report Abuse So it's happened before
JBL2 Champion Author Little Rock Posts:2,551 Points:1,065,905 Joined:Sep 2008	Message Posted: Jul 16, 2012 1:13:51 AM Ignore JBL2 Report Abuse bla bla bla -- still a ripoff any way you look at it
Focus2 Champion Author Illinois Posts:7,889 Points:1,918,255 Joined:Mar 2006	Message Posted: Jul 16, 2012 1:09:39 AM Ignore Focus2 Report Abuse The way things are set up the consumer can't win.
Is246 Champion Author Albuquerque Posts:1,007 Points:425,045 Joined:Apr 2011	Message Posted: Jul 16, 2012 1:07:58 AM Ignore Is246 Report Abuse A big hike, no surprise.
rd2000 Champion Author Florida Posts:3,556 Points:684,070 Joined:Jul 2007	Message Posted: Jul 16, 2012 1:07:01 AM Ignore rd2000 Report Abuse we are still getting ripped off at the pumps.
Ron77095 Champion Author Houston Posts:3,045 Points:599,650 Joined:Sep 2011	Message Posted: Jul 16, 2012 1:03:24 AM Ignore Ron77095 Report Abuse Ugh.
miser709 Champion Author Grand Rapids Posts:1,268 Points:1,067,300 Joined:Mar 2004	Message Posted: Jul 16, 2012 1:01:47 AM Ignore miser709 Report Abuse It doesn't matter if oil is up or down. Pump prices just go up.
danol43 Champion Author Modesto Posts:1,697 Points:585,930 Joined:May 2011	Message Posted: Jul 16, 2012 12:59:10 AM Ignore danol43 Report Abuse More speculation...
langolera Champion Author Akron Posts:1,746 Points:663,055 Joined:Sep 2005	Message Posted: Jul 16, 2012 12:57:32 AM Ignore langolera Report Abuse like i said before, I sneezed, not it's going up again. whatever!!!!!!!!!!
gasper Champion Author Edmonton Posts:4,480 Points:1,366,460 Joined:Mar 2002	Message Posted: Jul 16, 2012 12:57:28 AM Ignore gasper Report Abuse They look at whats happing in with Iran and that is what they are hoping and speculating on a conflict with Iran and The USA.
TBONE3 Champion Author Pennsylvania Posts:8,731 Points:1,973,725 Joined:Mar 2005	Message Posted: Jul 16, 2012 12:57:00 AM Ignore TBONE3 Report Abuse Just another day in the "How Can We Gouge the customer?" process!
Rageagainsttm Champion Author Tampa Posts:8,288 Points:1,900,055 Joined:Jul 2007	Message Posted: Jul 16, 2012 12:54:54 AM Ignore Rageagainsttm Report Abuse sure
Zonk Champion Author Michigan Posts:6,466 Points:2,099,090 Joined:Oct 2005	Message Posted: Jul 16, 2012 12:54:43 AM Ignore Zonk Report Abuse Prices are always on a roller coaster.
THZebra Champion Author Indiana Posts:1,923 Points:649,740 Joined:Nov 2008	Message Posted: Jul 16, 2012 12:50:56 AM Ignore THZebra Report Abuse Falling US dollar=Higher oil Prices.
seahawks Champion Author Washington Posts:3,212 Points:1,960,720 Joined:Sep 2005	Message Posted: Jul 16, 2012 12:49:17 AM Ignore seahawks Report Abuse greed at work!!!
carman11 Champion Author North Carolina Posts:3,319 Points:688,800 Joined:Jun 2011	Message Posted: Jul 16, 2012 12:48:32 AM Ignore carman11 Report Abuse Up and Down.
mcmonsta Champion Author Honolulu Posts:3,212 Points:814,770 Joined:Sep 2009	Message Posted: Jul 16, 2012 12:46:10 AM Ignore mcmonsta Report Abuse speculators manipulating...
jtfftj Champion Author New Hampshire Posts:2,168 Points:1,245,395 Joined:Sep 2005	Message Posted: Jul 16, 2012 12:45:06 AM Ignore jtfftj Report Abuse Speculators coming back from vacation, maybe even at New Hampshire Motor Speedway for NASCAR this weekend.
Go_E85 Champion Author Orange County Posts:2,209 Points:173,805 Joined:Dec 2007	Message Posted: Jul 16, 2012 12:44:10 AM Ignore Go_E85 Report Abuse brought to you by Salivating speculators.
pgerassi Champion Author Milwaukee Posts:10,882 Points:2,128,750 Joined:Apr 2007	Message Posted: Jul 16, 2012 12:42:39 AM Ignore pgerassi Report Abuse SSDW.
kbrown72 Rookie Author Oklahoma Posts:96 Points:233,240 Joined:Jun 2012	Message Posted: Jul 16, 2012 12:41:42 AM Ignore kbrown72 Report Abuse Buckle up!
mfeldstein Champion Author Ottawa Posts:8,161 Points:1,928,430 Joined:Feb 2007	Message Posted: Jul 16, 2012 12:38:00 AM Ignore mfeldstein Report Abuse Hopefully back down this week.
10k Champion Author North Carolina Posts:21,226 Points:2,251,095 Joined:May 2006	Message Posted: Jul 16, 2012 12:34:44 AM Ignore 10k Report Abuse i agree rob-DHAN..
Soglaos Champion Author Virginia Beach Posts:2,770 Points:736,485 Joined:Feb 2011	Message Posted: Jul 16, 2012 12:34:41 AM Ignore Soglaos Report Abuse ok
jimpeel Veteran Author Colorado Posts:462 Points:107,190 Joined:Mar 2005	Message Posted: Jul 16, 2012 12:33:57 AM Ignore jimpeel Report Abuse Haven't seen it here yet.
pastorpaulcg Champion Author Virginia Posts:3,615 Points:775,785 Joined:Dec 2010	Message Posted: Jul 16, 2012 12:33:52 AM Ignore pastorpaulcg Report Abuse Ok
TheeRedRam Champion Author Hartford Posts:3,148 Points:669,710 Joined:Jun 2011	Message Posted: Jul 16, 2012 12:33:38 AM Ignore TheeRedRam Report Abuse Go figure
shores4now Champion Author Kentucky Posts:2,391 Points:520,875 Joined:Jul 2009	Message Posted: Jul 16, 2012 12:32:17 AM Ignore shores4now Report Abuse Ok
jrschl Champion Author Louisville Posts:2,952 Points:677,840 Joined:Jun 2011	Message Posted: Jul 16, 2012 12:32:10 AM Ignore jrschl Report Abuse WooPee! Sounds awesome.
southrob Champion Author Tucson Posts:3,585 Points:685,150 Joined:Mar 2011	Message Posted: Jul 16, 2012 12:30:42 AM Ignore southrob Report Abuse nice dhan to make um lower
ericbcire Champion Author Nevada Posts:4,505 Points:1,263,710 Joined:Aug 2009	Message Posted: Jul 16, 2012 12:30:02 AM Ignore ericbcire Report Abuse Prices must drop or the economy will worsen.
granitestater Champion Author New Hampshire Posts:8,805 Points:1,427,825 Joined:Oct 2008	Message Posted: Jul 16, 2012 12:29:36 AM Ignore granitestater Report Abuse Don't sweat the small stuff...
Cheney Champion Author Toronto Posts:2,022 Points:2,531,835 Joined:May 2004	Message Posted: Jul 16, 2012 12:29:34 AM Ignore Cheney Report Abuse simply amazing!
bobdec Champion Author Miami Posts:8,949 Points:1,766,795 Joined:May 2008	Message Posted: Jul 16, 2012 12:28:41 AM Ignore bobdec Report Abuse They always find a way to stick it to us
Dodge_Me Champion Author Atlanta Posts:2,214 Points:553,230 Joined:Mar 2006	Message Posted: Jul 16, 2012 12:28:29 AM Ignore Dodge_Me Report Abuse They'll be back down soon when people are done with vacations and they're not selling as much, inventories will increase and they will have to move the gas since it has an expiration date. Or something like that... :-)
PrinceLH Champion Author Ontario Posts:2,677 Points:535,120 Joined:Jun 2011	Message Posted: Jul 16, 2012 12:27:47 AM Ignore PrinceLH Report Abuse Robbing bastards!
DandyDapple All-Star Author North Dakota Posts:715 Points:308,570 Joined:Sep 2008	Message Posted: Jul 16, 2012 12:27:25 AM Ignore DandyDapple Report Abuse no surprise there ...
Signfool Champion Author Omaha Posts:5,968 Points:1,462,485 Joined:May 2008	Message Posted: Jul 16, 2012 12:25:39 AM Ignore Signfool Report Abuse Here we go...