Crude Eases After Blast Denied

[MindMover]

NEW YORK—Oil futures retreated after Saudi Arabia denied reports of a major pipeline explosion, easing fears about an imminent supply disruption.

Light, sweet crude for April delivery fell 95 cents, or 0.9%, to $107.89 a barrel on the New York Mercantile Exchange. Brent crude on ICE Futures Europe traded $1.38, or 1.1%, lower at $124.82 a barrel.

Futures declined after Saudi officials said late Thursday that reports of an explosion at a main pipeline in the country's oil-rich Eastern Province were untrue. ...

http://online.wsj.com/article/SB10001424052970203986604577256720551953632.html?mod=rss_whats_news_us&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Fxml%2Frss%2F3_7011+%28WSJ.com%3A+What%27s+News+US%29

and the rest of the story......when a Saudi oil prince farted, the traders on wall street panicked......

[aquart]

1. Now who would start such a financially interesting story?

[russspeakeasy]

3. Damn...speculators really don't give a shit do they ?

Funeral homes have only buried 7 speculators in the last year, therefore, the costs of funerals will double.
Supply and demand ?

[pintobean]

2. I thought this was going to be

another Limpballs thread.

[notadmblnd]

4. I was wondering why it spiked another 20-25 cents today.

[angstlessk]

5. The price of crude eases, but when will the price of gas respond? n/t