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Author	Topic: Brent Slips to $118 on Euro Zone Worries	Post a Reply Back to Topics

WxVette Rookie Author Omaha Posts:34 Points:1,027,505 Joined:Jul 2007	Message Posted: Apr 17, 2012 5:38:11 AM Ignore WxVette Report Abuse Brent crude slipped to $118 on Tuesday, continuing its steep decline from the previous session, as Spain's debt woes reignited concerns demand growth concerns and threatened to derail the global economic outlook. Investors remained cautious as Spanish government bond yields broke through the 6 percent mark on Monday for the first time since December, stoking fears that the euro zone's fourth largest economy may need an international bailout. London Brent crude [LCOCV1 118.48 -0.20 (-0.17%) ] for June delivery fell 51 cents to $118.17 by 0435 GMT, after sliding 2.59 percent in the previous session, the biggest one-day percentage loss since December. U.S. light, sweet crude [CLCV1 103.73 0.80 (+0.78%) ] for May delivery which expires on Friday, slipped one cent to $102 Visit Reuters for full article

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Message Posted: Apr 17, 2012 5:38:11 AM

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Brent crude slipped to $118 on Tuesday, continuing its steep decline from the previous session, as Spain's debt woes reignited concerns demand growth concerns and threatened to derail the global economic outlook.

Investors remained cautious as Spanish government bond yields broke through the 6 percent mark on Monday for the first time since December, stoking fears that the euro zone's fourth largest economy may need an international bailout.

London Brent crude [LCOCV1 118.48 -0.20 (-0.17%) ] for June delivery fell 51 cents to $118.17 by 0435 GMT, after sliding 2.59 percent in the previous session, the biggest one-day percentage loss since December.

U.S. light, sweet crude [CLCV1 103.73 0.80 (+0.78%) ] for May delivery which expires on Friday, slipped one cent to $102
Visit Reuters for full article

REPLIES (newest first)Ignore Short Messages

remay Champion Author Houston Posts:7,078 Points:2,143,215 Joined:May 2006	Message Posted: Apr 18, 2012 7:14:37 AM Ignore remay Report Abuse another snapshot article on the price of oil...
jrs4125 Champion Author Indiana Posts:2,893 Points:618,470 Joined:Sep 2011	Message Posted: Apr 18, 2012 3:09:23 AM Ignore jrs4125 Report Abuse Looks like this GLOBAL economy has a lot of negatives.
sjf238 Champion Author Philadelphia Posts:1,215 Points:648,705 Joined:Mar 2011	Message Posted: Apr 17, 2012 11:27:56 AM Ignore sjf238 Report Abuse Interesting.
doctorindyj Champion Author Santa Fe Posts:3,538 Points:864,310 Joined:Nov 2009	Message Posted: Apr 17, 2012 7:46:21 AM Ignore doctorindyj Report Abuse With the way that the media is ignoring it and the fact they have moved on to the new set of problems with Iran one would conclude that this had been solved already. [Edited by: doctorindyj at 4/17/2012 10:47:23 AM EST]
Buckeyee Champion Author Maine Posts:4,767 Points:924,100 Joined:May 2010	Message Posted: Apr 17, 2012 7:30:31 AM Ignore Buckeyee Report Abuse The debt crisis in europe today will be the US tomorrow with Obama.
trytogetby All-Star Author Cincinnati Posts:905 Points:223,870 Joined:Apr 2012	Message Posted: Apr 17, 2012 7:26:50 AM Ignore trytogetby Report Abuse If its down, I'll believe it when I see it at the pumps.
OTISFL Champion Author Pensacola Posts:4,745 Points:892,540 Joined:Apr 2009	Message Posted: Apr 17, 2012 7:08:22 AM Ignore OTISFL Report Abuse EVERYTHING IS A WORRY WITH GAS! DON'T CARE WHICH COUNTRY!
BUSMAN1105 Champion Author Atlanta Posts:2,252 Points:1,196,470 Joined:Aug 2008	Message Posted: Apr 17, 2012 7:06:24 AM Ignore BUSMAN1105 Report Abuse GOOD, HOWEVER IT MUST DROP MORE.
investmentdr Champion Author Cleveland Posts:4,122 Points:1,479,935 Joined:Sep 2008	Message Posted: Apr 17, 2012 6:45:16 AM Ignore investmentdr Report Abuse gasoline is trading LOWER again today; -3% in two days. Brent currently is $118.88.
ToolinIt Champion Author Colorado Posts:1,805 Points:911,260 Joined:May 2010	Message Posted: Apr 17, 2012 6:21:48 AM Ignore ToolinIt Report Abuse Not true. Brent is at 121.83.