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Oil Futures Halt Three-Day Decline As Equities Point Higher

Dow Jones Newswires -- Oil futures rebounded, halting a three-session decline as equities pointed higher and a North Sea oil platform remained down.

Light, sweet crude for April delivery rose 35 cents, or 0.4%, to $90.47 a barrel on the New York Mercantile Exchange. Brent crude on ICE Futures Europe rose 78 cents, or 0.7%, to $110.87 a barrel.

Traders hesitated to push U.S. oil futures below the $90 threshold following a three-session decline, analysts said, and were encouraged by a strong start to U.S. equities trading.

"From a technical viewpoint maybe the correction is over," said Phil Flynn, analyst at Price Futures Group in Chicago.

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Submitted Mar 06, 2013 By: RENEGADEGAS

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rocky23hy Champion Author Massachusetts Posts:2,619 Points:1,863,140 Joined:Sep 2003	Message Posted: Mar 7, 2013 12:08:49 PM Ignore rocky23hy Report Abuse "paper barrels" of oil... Banks control the paper. Attorney General Eric Holder said that the size of Wall St. banks has an "inhibiting impact" on prosecutions: Also, I wonder how many times KY jelly has been mentioned in this blog... [Edited by: rocky23hy at 3/7/2013 12:10:42 PM EST]
52MPG Champion Author Dayton Posts:7,272 Points:1,743,655 Joined:Apr 2006	Message Posted: Mar 7, 2013 7:16:42 AM Ignore 52MPG Report Abuse Follow the bouncing ball...
gravityhurts Champion Author North Carolina Posts:4,103 Points:939,455 Joined:Sep 2008	Message Posted: Mar 7, 2013 7:15:18 AM Ignore gravityhurts Report Abuse I concur with yardslave, a familiar smell.
yardslave Champion Author Oklahoma City Posts:2,565 Points:598,755 Joined:Dec 2005	Message Posted: Mar 7, 2013 5:57:20 AM Ignore yardslave Report Abuse I smell a speculator...
DrCashFlow Champion Author Massachusetts Posts:7,075 Points:1,629,095 Joined:Jun 2008	Message Posted: Mar 7, 2013 3:49:52 AM Ignore DrCashFlow Report Abuse noise
Focus2 Champion Author Illinois Posts:7,896 Points:1,920,395 Joined:Mar 2006	Message Posted: Mar 7, 2013 12:22:38 AM Ignore Focus2 Report Abuse More manipulation.
Zonk Champion Author Michigan Posts:6,491 Points:2,104,715 Joined:Oct 2005	Message Posted: Mar 7, 2013 12:19:43 AM Ignore Zonk Report Abuse The roller coaster is starting to roll once again.
rahcat Champion Author Grand Rapids Posts:2,478 Points:664,900 Joined:Jan 2010	Message Posted: Mar 7, 2013 12:18:01 AM Ignore rahcat Report Abuse We will be paying more in the near future.
boatfloyd Champion Author Jacksonville Posts:1,728 Points:389,925 Joined:Mar 2012	Message Posted: Mar 7, 2013 12:14:07 AM Ignore boatfloyd Report Abuse Gold went up a little to.
obimerrill Champion Author Cincinnati Posts:1,450 Points:291,665 Joined:Jul 2012	Message Posted: Mar 7, 2013 12:11:55 AM Ignore obimerrill Report Abuse Speculation again!
iFueler Champion Author Durham Posts:64,433 Points:180,475 Joined:Nov 2012	Message Posted: Mar 7, 2013 12:11:01 AM Ignore iFueler Report Abuse
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Mar 7, 2013 12:08:36 AM Ignore tedjm1 Report Abuse Lower.....
Glock26 Champion Author Dayton Posts:1,534 Points:634,335 Joined:Mar 2011	Message Posted: Mar 7, 2013 12:07:18 AM Ignore Glock26 Report Abuse It needs to drop hard and fast!!!
jetskijerry Champion Author North Carolina Posts:3,906 Points:774,220 Joined:Mar 2011	Message Posted: Mar 7, 2013 12:06:40 AM Ignore jetskijerry Report Abuse crooks
jetskijerry Champion Author North Carolina Posts:3,906 Points:774,220 Joined:Mar 2011	Message Posted: Mar 7, 2013 12:06:26 AM Ignore jetskijerry Report Abuse Any excuse for an increase.
Rageagainsttm Champion Author Tampa Posts:8,313 Points:1,904,930 Joined:Jul 2007	Message Posted: Mar 7, 2013 12:06:25 AM Ignore Rageagainsttm Report Abuse It probably will mean higher prices.
SteelPenny Champion Author Dallas Posts:30,990 Points:2,608,690 Joined:Sep 2005	Message Posted: Mar 7, 2013 12:06:04 AM Ignore SteelPenny Report Abuse Right.
bvrbill Champion Author Eugene Posts:3,229 Points:520,575 Joined:Jul 2011	Message Posted: Mar 7, 2013 12:05:32 AM Ignore bvrbill Report Abuse Let's hope this doesn't raise prices at the pump.
JasTheAce All-Star Author Raleigh Posts:980 Points:174,285 Joined:Nov 2012	Message Posted: Mar 7, 2013 12:04:52 AM Ignore JasTheAce Report Abuse ok
pv2004 Veteran Author Connecticut Posts:421 Points:341,240 Joined:Jun 2004	Message Posted: Mar 7, 2013 12:01:43 AM Ignore pv2004 Report Abuse :'(
wcp3rd All-Star Author New Jersey Posts:739 Points:363,350 Joined:Mar 2012	Message Posted: Mar 7, 2013 12:00:23 AM Ignore wcp3rd Report Abuse ok
Holly123 Champion Author Charlotte Posts:3,212 Points:792,160 Joined:Dec 2010	Message Posted: Mar 6, 2013 11:59:26 PM Ignore Holly123 Report Abuse Ok
clermont40miles Champion Author Cincinnati Posts:10,583 Points:1,774,295 Joined:Apr 2008	Message Posted: Mar 6, 2013 11:57:02 PM Ignore clermont40miles Report Abuse Prices are stable at a very high price. Needs to fall at least $10 a barrel.
Math6149 All-Star Author Jacksonville Posts:873 Points:1,798,125 Joined:Jan 2007	Message Posted: Mar 6, 2013 11:56:46 PM Ignore Math6149 Report Abuse Looks speculators are back at it again under the order of obammmmaaaa.
grt197 All-Star Author Illinois Posts:583 Points:127,535 Joined:Jan 2013	Message Posted: Mar 6, 2013 11:54:18 PM Ignore grt197 Report Abuse is a reason to hike prices
brprven All-Star Author Dallas Posts:659 Points:287,060 Joined:Jun 2012	Message Posted: Mar 6, 2013 11:53:25 PM Ignore brprven Report Abuse ok
BeeDee53 Sophomore Author Ontario Posts:135 Points:137,545 Joined:May 2012	Message Posted: Mar 6, 2013 11:52:21 PM Ignore BeeDee53 Report Abuse No chnge in demand though
CCLighthouse Champion Author Hartford Posts:1,013 Points:214,980 Joined:Aug 2012	Message Posted: Mar 6, 2013 11:50:35 PM Ignore CCLighthouse Report Abuse Aye Carrumba!
prassu2012 All-Star Author Illinois Posts:686 Points:149,895 Joined:Dec 2012	Message Posted: Mar 6, 2013 11:48:25 PM Ignore prassu2012 Report Abuse ok
southrob Champion Author Tucson Posts:3,605 Points:689,150 Joined:Mar 2011	Message Posted: Mar 6, 2013 11:47:00 PM Ignore southrob Report Abuse dhan
Topless2012 Champion Author Twin Cities Posts:2,442 Points:483,015 Joined:Jan 2012	Message Posted: Mar 6, 2013 11:46:44 PM Ignore Topless2012 Report Abuse If you say so
cwashi3324 Champion Author Cincinnati Posts:2,812 Points:575,240 Joined:May 2009	Message Posted: Mar 6, 2013 11:43:59 PM Ignore cwashi3324 Report Abuse Yeah, ok.
gasmack Champion Author Ventura Posts:1,717 Points:669,415 Joined:Feb 2011	Message Posted: Mar 6, 2013 11:43:50 PM Ignore gasmack Report Abuse And here come the usual price gyrations-ever upward.
Ready Eddie Champion Author Twin Cities Posts:5,786 Points:1,345,695 Joined:Feb 2003	Message Posted: Mar 6, 2013 11:43:32 PM Ignore Ready Eddie Report Abuse pure speculation
ldiggy All-Star Author Wilmington Posts:783 Points:290,610 Joined:Apr 2012	Message Posted: Mar 6, 2013 11:41:38 PM Ignore ldiggy Report Abuse Wishful thinking.
GigHarborHound Champion Author Tacoma Posts:2,542 Points:489,465 Joined:Sep 2011	Message Posted: Mar 6, 2013 11:41:15 PM Ignore GigHarborHound Report Abuse OK
WIWalt Champion Author Wisconsin Posts:1,736 Points:416,745 Joined:Mar 2012	Message Posted: Mar 6, 2013 11:39:00 PM Ignore WIWalt Report Abuse Just another excuse to raise prices
HailstormCA Champion Author San Diego Posts:7,860 Points:1,472,995 Joined:Nov 2008	Message Posted: Mar 6, 2013 11:37:19 PM Ignore HailstormCA Report Abuse Bumadaba, bumadaba, bumadaba...
txkrb Champion Author Texas Posts:1,563 Points:639,965 Joined:May 2011	Message Posted: Mar 6, 2013 11:37:15 PM Ignore txkrb Report Abuse No oil was down 39 cents today Hell this is the third time in the last few weeks an article is written before the markets close and they get the days activity wrong
troutbum7 Veteran Author Nevada Posts:306 Points:158,040 Joined:Oct 2012	Message Posted: Mar 6, 2013 11:34:48 PM Ignore troutbum7 Report Abuse Price Futures Group in Chicago! Well that says it all we are in trouble look what else came from there (or Kenya).
hank1326 Champion Author Los Angeles Posts:8,919 Points:1,735,535 Joined:Jun 2008	Message Posted: Mar 6, 2013 11:32:25 PM Ignore hank1326 Report Abuse Meanwhile we are getting raked at the pumps.
dasimon All-Star Author Florida Posts:556 Points:573,050 Joined:Mar 2011	Message Posted: Mar 6, 2013 11:28:25 PM Ignore dasimon Report Abuse Ok
SavALot Champion Author Virginia Beach Posts:8,479 Points:1,713,110 Joined:Apr 2005	Message Posted: Mar 6, 2013 11:24:10 PM Ignore SavALot Report Abuse future is bright?
snagged Veteran Author Akron Posts:396 Points:112,030 Joined:Oct 2012	Message Posted: Mar 6, 2013 11:20:54 PM Ignore snagged Report Abuse Three days down. Sounds like a rock group.
DEG Champion Author Las Vegas Posts:17,630 Points:3,496,655 Joined:Jul 2003	Message Posted: Mar 6, 2013 11:17:59 PM Ignore DEG Report Abuse Speculators doing what they do.
ScottTee Champion Author Detroit Posts:4,396 Points:1,064,570 Joined:Mar 2010	Message Posted: Mar 6, 2013 11:17:52 PM Ignore ScottTee Report Abuse Up, up and away
pgerassi Champion Author Milwaukee Posts:10,906 Points:2,133,555 Joined:Apr 2007	Message Posted: Mar 6, 2013 11:16:28 PM Ignore pgerassi Report Abuse Wishful thinking.
Gas4Gore Champion Author Detroit Posts:2,426 Points:424,850 Joined:Jan 2010	Message Posted: Mar 6, 2013 11:15:25 PM Ignore Gas4Gore Report Abuse Oh my.
Trowinsamoan Champion Author Los Angeles Posts:1,168 Points:188,790 Joined:Nov 2012	Message Posted: Mar 6, 2013 11:13:38 PM Ignore Trowinsamoan Report Abuse Wow three whole days?
wayoung56 Champion Author Alabama Posts:2,810 Points:820,285 Joined:Oct 2006	Message Posted: Mar 6, 2013 11:11:07 PM Ignore wayoung56 Report Abuse Hmmm...