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Crummy Day For Crude Oil

Forbes.com -- The energy pits were a gauntlet Friday, as a stronger dollar put a dent in crude prices and oil stocks followed black gold lower.

Crude settled at $80.68 a barrel on the New York Mercantile Exchange, down 1.9% after a run-up earlier this week when prices approached $84 a barrel. Traders have been hoping that growth in emerging markets like China and India could help the commodity continue its surge off its February 2009 lows, but tighter monetary policy in those nations threatens to cool their economic growth.

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Submitted Mar 20, 2010 By: OnTheWater

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2granny Champion Author Michigan Posts:4,242 Points:489,025 Joined:Apr 2009	Message Posted: Mar 20, 2010 12:25:22 PM Ignore 2granny Report Abuse Crude down but gas prices up 22¢ in one day.
egd Champion Author Twin Cities Posts:4,065 Points:1,334,710 Joined:Mar 2005	Message Posted: Mar 20, 2010 12:21:14 PM Ignore egd Report Abuse how has the value of crude oil changed, get the changing value of dollar out of the equation
TRAIN RIDER Champion Author San Bernardino Posts:4,275 Points:1,797,070 Joined:Oct 2004	Message Posted: Mar 20, 2010 12:17:56 PM Ignore TRAIN RIDER Report Abuse NO MATTER, GAS PRICES WILL GO UP ANYWAY.
johnwinger Champion Author Twin Cities Posts:5,377 Points:1,217,120 Joined:Oct 2001	Message Posted: Mar 20, 2010 12:17:52 PM Ignore johnwinger Report Abuse I hope they have a lot of crummy days.
uglytom Champion Author Florida Posts:3,121 Points:683,115 Joined:Jul 2007	Message Posted: Mar 20, 2010 12:14:21 PM Ignore uglytom Report Abuse Gas prices jumped in some few stations here, although , many did reflect small declines!
Daveyfudd All-Star Author Jackson Posts:868 Points:211,400 Joined:May 2008	Message Posted: Mar 20, 2010 12:13:20 PM Ignore Daveyfudd Report Abuse We need 50 more crummy days!
WillCody Champion Author Austin Posts:2,545 Points:547,150 Joined:Jul 2008	Message Posted: Mar 20, 2010 12:12:30 PM Ignore WillCody Report Abuse Good! But how long before oil price reductions translate into lower gas prices?!!!!!!
investmentdr All-Star Author Cleveland Posts:524 Points:531,650 Joined:Sep 2008	Message Posted: Mar 20, 2010 12:09:38 PM Ignore investmentdr Report Abuse what's crummy about oil falling?
Jizme Champion Author Lincoln Posts:4,933 Points:1,932,090 Joined:Oct 2004	Message Posted: Mar 20, 2010 12:08:46 PM Ignore Jizme Report Abuse I just want to see the prices for oil and fuel go lower.
Rick52 Champion Author Milwaukee Posts:6,260 Points:280,105 Joined:Mar 2005	Message Posted: Mar 20, 2010 12:06:42 PM Ignore Rick52 Report Abuse Sealer I would like to know were you see the Economy growing ??? Don't listen to the Government VOODOO they tell you !!! It's all subliminal messages they put out ... (Be Happy)... Ya!! right ... [Edited by: Rick52 at 3/20/2010 12:07:10 PM EST]
ItsMorph Champion Author Grand Rapids Posts:26,710 Points:2,212,935 Joined:Mar 2004	Message Posted: Mar 20, 2010 12:04:07 PM Ignore ItsMorph Report Abuse I wouldn't mind if it kept dropping like a lead balloon.
MightyDude Champion Author Minnesota Posts:5,356 Points:1,676,295 Joined:Mar 2003	Message Posted: Mar 20, 2010 12:02:50 PM Ignore MightyDude Report Abuse not my idea of "crummy" i.e. $80/barrel
Sealer Champion Author Charleston Posts:5,653 Points:837,800 Joined:Jan 2008	Message Posted: Mar 20, 2010 12:01:21 PM Ignore Sealer Report Abuse I still prefer the higher prices of a growing economy over the lower prices of a weak economy.
NJColt Champion Author New Jersey Posts:7,860 Points:1,675,505 Joined:Aug 2005	Message Posted: Mar 20, 2010 11:58:36 AM Ignore NJColt Report Abuse Still WAY TOO HIGH!
RocketmanC99 Champion Author Missouri Posts:1,264 Points:442,800 Joined:Jan 2007	Message Posted: Mar 20, 2010 11:58:05 AM Ignore RocketmanC99 Report Abuse Ok.
methaneman All-Star Author Minnesota Posts:839 Points:797,635 Joined:May 2002	Message Posted: Mar 20, 2010 11:57:25 AM Ignore methaneman Report Abuse No drop in prices here.
Bert2010 Sophomore Author Columbus Posts:235 Points:107,165 Joined:Feb 2010	Message Posted: Mar 20, 2010 11:57:23 AM Ignore Bert2010 Report Abuse This is not refelcted in the cost at the pump here as the price has stayed at $2.79 or very close by for most of the stations.
jwduke1 Champion Author Iowa Posts:11,330 Points:2,222,360 Joined:Apr 2004	Message Posted: Mar 20, 2010 11:56:17 AM Ignore jwduke1 Report Abuse No impact at the pump.
xfatman Champion Author Missouri Posts:2,488 Points:1,039,200 Joined:Aug 2006	Message Posted: Mar 20, 2010 11:56:03 AM Ignore xfatman Report Abuse WHY!! Do we think $80.68 a barrel is a "Crummy Day" when it should be $40 - $50
BBHybrid Champion Author Pittsburgh Posts:2,623 Points:528,455 Joined:Aug 2008	Message Posted: Mar 20, 2010 11:54:54 AM Ignore BBHybrid Report Abuse no impact will occur
nugney Rookie Author Atlanta Posts:85 Points:1,142,350 Joined:Jan 2006	Message Posted: Mar 20, 2010 11:53:58 AM Ignore nugney Report Abuse I bet it won't reflect in prices at the pump
Rick52 Champion Author Milwaukee Posts:6,260 Points:280,105 Joined:Mar 2005	Message Posted: Mar 20, 2010 11:53:27 AM Ignore Rick52 Report Abuse Crummy !!! For the birds !!! (Speculators)
Mr.Dirt Champion Author Albany Posts:4,998 Points:1,786,365 Joined:Mar 2004	Message Posted: Mar 20, 2010 11:52:22 AM Ignore Mr.Dirt Report Abuse still way to high
mreiff Champion Author Louisville Posts:1,623 Points:365,120 Joined:May 2009	Message Posted: Mar 20, 2010 11:51:25 AM Ignore mreiff Report Abuse Bad news for all those speculators!
ifallsguy Champion Author Minnesota Posts:2,738 Points:758,800 Joined:Apr 2007	Message Posted: Mar 20, 2010 11:47:31 AM Ignore ifallsguy Report Abuse up it goes, agin
THEDodgeman Champion Author Denver Posts:3,073 Points:973,190 Joined:Apr 2005	Message Posted: Mar 20, 2010 11:46:48 AM Ignore THEDodgeman Report Abuse I HATE WHEN THIS HAPPENS.
gasper All-Star Author Edmonton Posts:630 Points:510,290 Joined:Mar 2002	Message Posted: Mar 20, 2010 11:45:01 AM Ignore gasper Report Abuse I hope that the price of oil goes down to $45 a barrel and I live in Alberta.
Cuzilla Champion Author Indianapolis Posts:8,824 Points:1,552,390 Joined:Sep 2005	Message Posted: Mar 20, 2010 11:42:22 AM Ignore Cuzilla Report Abuse Sounds like a good time to add to my oil stock holdings on this pull-back. I'll laugh all the way to the bank when you guys are getting ripped by the coming Government-created inflation and oil goes to $120 a barrel or higher!
mckellyb Champion Author Fort Worth Posts:7,165 Points:1,289,280 Joined:Sep 2005	Message Posted: Mar 20, 2010 11:42:10 AM Ignore mckellyb Report Abuse 2%? This is borderline 'noise' trading in today's market.
Skipper52 Champion Author Massachusetts Posts:2,556 Points:633,925 Joined:Oct 2008	Message Posted: Mar 20, 2010 11:40:11 AM Ignore Skipper52 Report Abuse We need to make the old dollar strong again. That's our biggest problem. Stop the government spending!!!
zippy452 Champion Author Cincinnati Posts:4,184 Points:830,710 Joined:Oct 2006	Message Posted: Mar 20, 2010 11:39:32 AM Ignore zippy452 Report Abuse It would be nice if a crummy day for Crude Oil would equate to a Good day for the Consumer.
ToolKing Champion Author Missouri Posts:6,040 Points:1,422,130 Joined:Feb 2006	Message Posted: Mar 20, 2010 11:36:41 AM Ignore ToolKing Report Abuse I love it when oil prices drop and the speculators whimper !!!!! LOL ....
fedex09 All-Star Author Missouri Posts:605 Points:656,035 Joined:Jan 2006	Message Posted: Mar 20, 2010 11:36:28 AM Ignore fedex09 Report Abuse I guess blaming ol" GW will solve everything? When will you realize speculators and Big Oil greed are the cause not the Presidential office.
CptnCanada Champion Author Saskatoon Posts:2,764 Points:414,050 Joined:Jun 2008	Message Posted: Mar 20, 2010 11:35:57 AM Ignore CptnCanada Report Abuse POOR speculators ...hope they lost their shirts...
Pucked Champion Author Fort Worth Posts:1,091 Points:210,780 Joined:Jun 2009	Message Posted: Mar 20, 2010 11:35:56 AM Ignore Pucked Report Abuse DRILL HERE - DRILL NOW!!!!!!!!!!!!!!
Tnerbeel Champion Author Houston Posts:3,757 Points:778,585 Joined:Mar 2007	Message Posted: Mar 20, 2010 11:35:01 AM Ignore Tnerbeel Report Abuse A crummy day for crude oil is a bright day for the rest of us.
NatureBoyKY Champion Author Kentucky Posts:1,889 Points:620,475 Joined:Jan 2008	Message Posted: Mar 20, 2010 11:32:22 AM Ignore NatureBoyKY Report Abuse It is absolutley unAmerican for this kind of rich-boy recreation to be allowed to put everyone else on the brink of poverty. I never thought I would ask to return to "supply and demand", but that is way over due. George W Bush, You converted me FROM Republican.
twiper1 Champion Author San Diego Posts:2,946 Points:632,095 Joined:Oct 2008	Message Posted: Mar 20, 2010 11:31:45 AM Ignore twiper1 Report Abuse And I guess they want my sympathy. Stand in line
impala2008 All-Star Author Ontario Posts:594 Points:214,030 Joined:Sep 2009	Message Posted: Mar 20, 2010 11:31:36 AM Ignore impala2008 Report Abuse Doesn't do much for pump prices
cresovia Champion Author Chicago Posts:2,061 Points:669,740 Joined:Apr 2008	Message Posted: Mar 20, 2010 11:31:12 AM Ignore cresovia Report Abuse Crummy day for speculators! Crooks!!!
Zakmeister All-Star Author Cleveland Posts:633 Points:209,145 Joined:Jul 2007	Message Posted: Mar 20, 2010 11:30:25 AM Ignore Zakmeister Report Abuse Drill here! Drill now!
janctx Champion Author Lubbock Posts:2,649 Points:858,335 Joined:Nov 2007	Message Posted: Mar 20, 2010 11:26:45 AM Ignore janctx Report Abuse crummy for us, pump prices are taking all I have. Wish I could retire and live on a small island. This old world isnt what it used to be.
thirstyauto Champion Author Milwaukee Posts:6,170 Points:644,365 Joined:Nov 2008	Message Posted: Mar 20, 2010 11:26:35 AM Ignore thirstyauto Report Abuse It seems to me they are still doing okay.
dbatw Champion Author St. Louis Posts:1,686 Points:341,165 Joined:Apr 2009	Message Posted: Mar 20, 2010 11:26:16 AM Ignore dbatw Report Abuse but, but, but, all you Obama haters out there keep telling us that the dollar is weak and weakening more. Do any of you really know what the heck you are talking about? Or, do you just hate?
GoBlazers Champion Author Washington Posts:2,814 Points:401,410 Joined:Dec 2008	Message Posted: Mar 20, 2010 11:24:48 AM Ignore GoBlazers Report Abuse Poor Crude Oil, how will it feed its children?
DieselKat Champion Author Tennessee Posts:1,721 Points:1,414,575 Joined:Oct 2005	Message Posted: Mar 20, 2010 11:23:04 AM Ignore DieselKat Report Abuse Who knows what it will be tomarrow.
rocket_ron Champion Author Grand Rapids Posts:1,418 Points:1,041,940 Joined:Jul 2006	Message Posted: Mar 20, 2010 11:21:01 AM Ignore rocket_ron Report Abuse Crummy for who? It will be back up, and then some, on Monday.
goalie1950 Champion Author Phoenix Posts:1,625 Points:326,400 Joined:Oct 2009	Message Posted: Mar 20, 2010 11:20:39 AM Ignore goalie1950 Report Abuse Many more trading days are needed like this in order to get oil prices to the level that make sense for the current economic conditions.
miser709 Sophomore Author Grand Rapids Posts:174 Points:180,345 Joined:Mar 2004	Message Posted: Mar 20, 2010 11:20:00 AM Ignore miser709 Report Abuse MahopacJack blames Obama's Health Care plan. This has to be the problem because MahopacJack said it!
Tundralimited2009 Champion Author Dallas Posts:2,587 Points:520,450 Joined:Feb 2009	Message Posted: Mar 20, 2010 11:18:56 AM Ignore Tundralimited2009 Report Abuse Protect your economy
goldilox88 Champion Author Montreal Posts:2,258 Points:625,555 Joined:Jun 2008	Message Posted: Mar 20, 2010 11:18:42 AM Ignore goldilox88 Report Abuse Crummy for some is a bonanza for others.
MahopacJack Champion Author New York Posts:3,072 Points:722,225 Joined:Feb 2008	Message Posted: Mar 20, 2010 11:13:57 AM Ignore MahopacJack Report Abuse The market may be reacting to the anticipation INFLATION as a result of Obama's Health Care Boondoggle possibly becoming a reality.