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Oil up third day on China GDP, North Sea problems

Reuters -- Oil prices rose for a third day on Friday after China reported GDP data in line with expectations and slightly above the government's target, soothing concerns about slowing growth in the world's second largest economy.

North Sea production problems also helped boost oil, enabling Brent and U.S. crude to scale their 50-day moving averages as both contracts headed for weekly gains.

August loadings of North Sea Forties crude may be delayed following production problems at the Buzzard oil field, which feeds into the Forties stream.

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Submitted Jul 15, 2012 By: Mudsprings

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Dodge_Me Champion Author Atlanta Posts:2,214 Points:555,480 Joined:Mar 2006	Message Posted: Jul 16, 2012 12:47:38 AM Ignore Dodge_Me Report Abuse Sucks for them, ahh, boohoo
FunMyster All-Star Author Indiana Posts:907 Points:73,215 Joined:Jul 2011	Message Posted: Jul 15, 2012 10:11:29 PM Ignore FunMyster Report Abuse ok
my2002m Champion Author Tulsa Posts:6,069 Points:1,669,325 Joined:Jul 2008	Message Posted: Jul 15, 2012 9:38:34 PM Ignore my2002m Report Abuse Not good for our economic recovery.
Blismo Champion Author Arizona Posts:2,134 Points:403,260 Joined:Feb 2012	Message Posted: Jul 15, 2012 6:51:27 PM Ignore Blismo Report Abuse ok
sljbc475 Champion Author Tucson Posts:4,215 Points:871,400 Joined:Dec 2010	Message Posted: Jul 15, 2012 2:40:05 PM Ignore sljbc475 Report Abuse Stabilize or drop again.
StraubeyKY Sophomore Author Kentucky Posts:230 Points:226,550 Joined:Dec 2010	Message Posted: Jul 15, 2012 1:44:12 PM Ignore StraubeyKY Report Abuse Whatever
A2J Champion Author Richmond Posts:3,070 Points:601,975 Joined:Aug 2011	Message Posted: Jul 15, 2012 1:40:30 PM Ignore A2J Report Abuse Bad ?
Night Owl Champion Author Toronto Posts:7,550 Points:1,786,600 Joined:Jul 2004	Message Posted: Jul 15, 2012 1:10:17 PM Ignore Night Owl Report Abuse More lame excuses from greedy oil speculators. Oil prices should fall in half so that world economies can finally start to recover.
charladan All-Star Author Virginia Posts:564 Points:448,890 Joined:Jun 2011	Message Posted: Jul 15, 2012 1:08:27 PM Ignore charladan Report Abuse ups and down, up and down!
ktbaeohana Champion Author Las Vegas Posts:2,306 Points:422,000 Joined:Mar 2010	Message Posted: Jul 15, 2012 12:06:40 PM Ignore ktbaeohana Report Abuse watch and see.
Tracer2008 All-Star Author Alberta Posts:540 Points:312,445 Joined:Sep 2008	Message Posted: Jul 15, 2012 12:01:30 PM Ignore Tracer2008 Report Abuse Gotta start stockpiling my own fuel in my own tanks... Except it doesn't last long AND We never saw any dramatic drops around here...
cmmattia Champion Author Long Island Posts:1,981 Points:391,585 Joined:Mar 2012	Message Posted: Jul 15, 2012 11:30:48 AM Ignore cmmattia Report Abuse why do prices go down gradually? when prices go up, they go up dramaticly.... 3.55 yesterday, 3.69 today ??? :(
Luckylindy Champion Author Milwaukee Posts:4,509 Points:1,126,095 Joined:May 2008	Message Posted: Jul 15, 2012 11:10:13 AM Ignore Luckylindy Report Abuse So much for cheap oil.
iceman11 Champion Author Ontario Posts:2,715 Points:536,425 Joined:Feb 2011	Message Posted: Jul 15, 2012 11:02:38 AM Ignore iceman11 Report Abuse great
vcsuksu21 Champion Author Oklahoma City Posts:2,468 Points:705,930 Joined:Dec 2010	Message Posted: Jul 15, 2012 10:59:59 AM Ignore vcsuksu21 Report Abuse Yes
1Casey Champion Author Albany Posts:6,528 Points:1,791,785 Joined:Jun 2004	Message Posted: Jul 15, 2012 10:54:39 AM Ignore 1Casey Report Abuse greed.
jethro5000 Champion Author Kentucky Posts:1,872 Points:390,260 Joined:Jun 2005	Message Posted: Jul 15, 2012 10:54:31 AM Ignore jethro5000 Report Abuse good news ... oil goes up, bad news ... oil goes up; this is ridiculous!
Catfish93001 Champion Author Ventura Posts:1,200 Points:247,955 Joined:Jun 2008	Message Posted: Jul 15, 2012 10:54:12 AM Ignore Catfish93001 Report Abuse And the prices will rise at the pump faster than the crude that produced the gas at the pump....
altima2008 Champion Author Philadelphia Posts:8,160 Points:1,737,015 Joined:Apr 2008	Message Posted: Jul 15, 2012 10:54:00 AM Ignore altima2008 Report Abuse Nobama and his buddies are at it again.
abs578 Sophomore Author London Posts:148 Points:364,055 Joined:Nov 2008	Message Posted: Jul 15, 2012 10:53:31 AM Ignore abs578 Report Abuse interesting
Samo1961 Champion Author Los Angeles Posts:1,890 Points:619,700 Joined:Feb 2011	Message Posted: Jul 15, 2012 10:53:12 AM Ignore Samo1961 Report Abuse But of course..........
MrLuigi Champion Author Massachusetts Posts:4,768 Points:965,710 Joined:Jun 2005	Message Posted: Jul 15, 2012 10:52:56 AM Ignore MrLuigi Report Abuse I honestly preferred the daily losses oil was having...
indrix All-Star Author Toronto Posts:582 Points:161,790 Joined:Sep 2011	Message Posted: Jul 15, 2012 10:52:43 AM Ignore indrix Report Abuse price going up again
TBecker1415 Champion Author Missouri Posts:1,665 Points:348,715 Joined:Nov 2011	Message Posted: Jul 15, 2012 10:51:02 AM Ignore TBecker1415 Report Abuse figures
photobuddy Champion Author Washington Posts:1,620 Points:370,255 Joined:Feb 2012	Message Posted: Jul 15, 2012 10:50:53 AM Ignore photobuddy Report Abuse the best thing that could happen here is that we stop buying from china and start to make our own. It is the only way that we will have the power to help the world as we move forward.
03mdx Champion Author Syracuse Posts:4,735 Points:1,523,885 Joined:Sep 2008	Message Posted: Jul 15, 2012 10:50:09 AM Ignore 03mdx Report Abuse We need gas prices to go down, not up.
Gas4Gore Champion Author Detroit Posts:2,416 Points:422,900 Joined:Jan 2010	Message Posted: Jul 15, 2012 10:48:01 AM Ignore Gas4Gore Report Abuse OK
MarAzul Champion Author London Posts:3,771 Points:678,510 Joined:Feb 2011	Message Posted: Jul 15, 2012 10:47:53 AM Ignore MarAzul Report Abuse OK.
pliskin Champion Author Syracuse Posts:6,082 Points:1,731,920 Joined:Apr 2005	Message Posted: Jul 15, 2012 10:47:37 AM Ignore pliskin Report Abuse Who'd a thought China would somehow be involved.
Soglaos Champion Author Virginia Beach Posts:2,770 Points:737,235 Joined:Feb 2011	Message Posted: Jul 15, 2012 10:47:00 AM Ignore Soglaos Report Abuse ok Reduce Prices
sit Champion Author Cleveland Posts:5,200 Points:1,931,970 Joined:Feb 2006	Message Posted: Jul 15, 2012 10:46:49 AM Ignore sit Report Abuse ok
doncNJ Champion Author New Jersey Posts:7,516 Points:1,504,120 Joined:Oct 2008	Message Posted: Jul 15, 2012 10:46:29 AM Ignore doncNJ Report Abuse Gas prices have gone up about 20 cents in the last 3 weeks here.
Jamer Champion Author Las Vegas Posts:8,754 Points:1,635,285 Joined:Jul 2002	Message Posted: Jul 15, 2012 10:46:02 AM Ignore Jamer Report Abuse Quit buying junk made in China that breaks in a couple of months.
peapaw Champion Author Ohio Posts:4,035 Points:687,795 Joined:Jun 2011	Message Posted: Jul 15, 2012 10:43:21 AM Ignore peapaw Report Abuse Yet another reason to add to my list of why gas prices increase.
TheHermit Champion Author Maine Posts:3,404 Points:127,780 Joined:May 2012	Message Posted: Jul 15, 2012 10:42:57 AM Ignore TheHermit Report Abuse Hang on for a bumpy ride
peapaw Champion Author Ohio Posts:4,035 Points:687,795 Joined:Jun 2011	Message Posted: Jul 15, 2012 10:42:20 AM Ignore peapaw Report Abuse Yet another reason to add to my list of why gas prices increase.
gavinON All-Star Author Toronto Posts:562 Points:112,935 Joined:Mar 2012	Message Posted: Jul 15, 2012 10:40:56 AM Ignore gavinON Report Abuse hmmm
Topless2012 Champion Author Twin Cities Posts:2,432 Points:481,065 Joined:Jan 2012	Message Posted: Jul 15, 2012 10:40:16 AM Ignore Topless2012 Report Abuse Gambling with our future.
zeeflyers All-Star Author Pittsburgh Posts:677 Points:218,185 Joined:Feb 2012	Message Posted: Jul 15, 2012 10:39:16 AM Ignore zeeflyers Report Abuse Oil shouldn't be on the gambling table.
ggordo Champion Author Long Island Posts:1,670 Points:353,705 Joined:Apr 2012	Message Posted: Jul 15, 2012 10:38:24 AM Ignore ggordo Report Abuse up and away and away we go
Rick01 Champion Author Utah Posts:9,013 Points:2,361,600 Joined:Sep 2005	Message Posted: Jul 15, 2012 10:37:31 AM Ignore Rick01 Report Abuse Wall Street is at it again.
AC-302 Champion Author Los Angeles Posts:26,577 Points:2,901,120 Joined:Aug 2004	Message Posted: Jul 15, 2012 10:35:32 AM Ignore AC-302 Report Abuse I still thought China was slowing down?
davenles Champion Author Texas Posts:3,196 Points:717,910 Joined:May 2011	Message Posted: Jul 15, 2012 10:34:15 AM Ignore davenles Report Abuse Up again, no surprises there.
dsaine Champion Author North Carolina Posts:2,992 Points:631,520 Joined:May 2011	Message Posted: Jul 15, 2012 10:32:14 AM Ignore dsaine Report Abuse Ok.
chvytruk All-Star Author Kentucky Posts:771 Points:377,785 Joined:Sep 2006	Message Posted: Jul 15, 2012 10:31:58 AM Ignore chvytruk Report Abuse And who benefits from these "crises"? Speculaturds!
lmpski Veteran Author Boston Posts:429 Points:395,515 Joined:May 2011	Message Posted: Jul 15, 2012 10:31:38 AM Ignore lmpski Report Abuse ...here we go again!
windows7isfast Champion Author Winnipeg Posts:2,409 Points:491,250 Joined:Nov 2011	Message Posted: Jul 15, 2012 10:29:58 AM Ignore windows7isfast Report Abuse ok
twiper1 Champion Author San Diego Posts:7,827 Points:1,605,085 Joined:Oct 2008	Message Posted: Jul 15, 2012 10:29:16 AM Ignore twiper1 Report Abuse okay and whats new?
Chazzy12 Champion Author Massachusetts Posts:2,711 Points:711,710 Joined:Dec 2008	Message Posted: Jul 15, 2012 10:28:06 AM Ignore Chazzy12 Report Abuse The gamblers are tired of low prices. Time to make up stories to drive up prices/profits. Problems at one North Sea oil field causes a 15 cent rise in refined product delivered in New York Harbor? BS!!
PrepHermit Champion Author New Jersey Posts:8,096 Points:1,643,205 Joined:Aug 2008	Message Posted: Jul 15, 2012 10:27:17 AM Ignore PrepHermit Report Abuse It's amazing how these daily fluctuations and occurrences sway the price of oil and gas so dramatically.