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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:2,618 Points:1,862,595 Joined:Sep 2003	Message Posted: Mar 7, 2013 10:08:49 AM 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:7,254 Points:1,740,670 Joined:Apr 2006	Message Posted: Mar 7, 2013 5:16:42 AM Ignore 52MPG Report Abuse Follow the bouncing ball...
gravityhurts Champion Author North Carolina Posts:4,088 Points:936,530 Joined:Sep 2008	Message Posted: Mar 7, 2013 5:15:18 AM Ignore gravityhurts Report Abuse I concur with yardslave, a familiar smell.
yardslave Champion Author Oklahoma City Posts:2,549 Points:595,830 Joined:Dec 2005	Message Posted: Mar 7, 2013 3:57:20 AM Ignore yardslave Report Abuse I smell a speculator...
DrCashFlow Champion Author Massachusetts Posts:7,059 Points:1,625,275 Joined:Jun 2008	Message Posted: Mar 7, 2013 1:49:52 AM Ignore DrCashFlow Report Abuse noise
Focus2 Champion Author Illinois Posts:7,889 Points:1,919,005 Joined:Mar 2006	Message Posted: Mar 6, 2013 10:22:38 PM Ignore Focus2 Report Abuse More manipulation.
Zonk Champion Author Michigan Posts:6,476 Points:2,101,040 Joined:Oct 2005	Message Posted: Mar 6, 2013 10:19:43 PM Ignore Zonk Report Abuse The roller coaster is starting to roll once again.
rahcat Champion Author Grand Rapids Posts:2,463 Points:661,225 Joined:Jan 2010	Message Posted: Mar 6, 2013 10:18:01 PM Ignore rahcat Report Abuse We will be paying more in the near future.
boatfloyd Champion Author Jacksonville Posts:1,713 Points:387,000 Joined:Mar 2012	Message Posted: Mar 6, 2013 10:14:07 PM Ignore boatfloyd Report Abuse Gold went up a little to.
obimerrill Champion Author Cincinnati Posts:1,435 Points:288,740 Joined:Jul 2012	Message Posted: Mar 6, 2013 10:11:55 PM Ignore obimerrill Report Abuse Speculation again!
iFueler Champion Author Durham Posts:64,353 Points:177,550 Joined:Nov 2012	Message Posted: Mar 6, 2013 10:11:01 PM Ignore iFueler Report Abuse
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Mar 6, 2013 10:08:36 PM Ignore tedjm1 Report Abuse Lower.....
Glock26 Champion Author Dayton Posts:1,519 Points:631,410 Joined:Mar 2011	Message Posted: Mar 6, 2013 10:07:18 PM Ignore Glock26 Report Abuse It needs to drop hard and fast!!!
jetskijerry Champion Author North Carolina Posts:3,891 Points:771,295 Joined:Mar 2011	Message Posted: Mar 6, 2013 10:06:40 PM Ignore jetskijerry Report Abuse crooks
jetskijerry Champion Author North Carolina Posts:3,891 Points:771,295 Joined:Mar 2011	Message Posted: Mar 6, 2013 10:06:26 PM Ignore jetskijerry Report Abuse Any excuse for an increase.
Rageagainsttm Champion Author Tampa Posts:8,298 Points:1,902,005 Joined:Jul 2007	Message Posted: Mar 6, 2013 10:06:25 PM Ignore Rageagainsttm Report Abuse It probably will mean higher prices.
SteelPenny Champion Author Dallas Posts:30,943 Points:2,605,765 Joined:Sep 2005	Message Posted: Mar 6, 2013 10:06:04 PM Ignore SteelPenny Report Abuse Right.
bvrbill Champion Author Eugene Posts:3,207 Points:516,800 Joined:Jul 2011	Message Posted: Mar 6, 2013 10:05:32 PM Ignore bvrbill Report Abuse Let's hope this doesn't raise prices at the pump.
JasTheAce All-Star Author Raleigh Posts:965 Points:171,360 Joined:Nov 2012	Message Posted: Mar 6, 2013 10:04:52 PM Ignore JasTheAce Report Abuse ok
pv2004 Veteran Author Connecticut Posts:411 Points:338,540 Joined:Jun 2004	Message Posted: Mar 6, 2013 10:01:43 PM Ignore pv2004 Report Abuse :'(
wcp3rd All-Star Author New Jersey Posts:724 Points:360,425 Joined:Mar 2012	Message Posted: Mar 6, 2013 10:00:23 PM Ignore wcp3rd Report Abuse ok
Holly123 Champion Author Charlotte Posts:3,192 Points:789,010 Joined:Dec 2010	Message Posted: Mar 6, 2013 9:59:26 PM Ignore Holly123 Report Abuse Ok
clermont40miles Champion Author Cincinnati Posts:10,562 Points:1,770,920 Joined:Apr 2008	Message Posted: Mar 6, 2013 9:57:02 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:1,795,500 Joined:Jan 2007	Message Posted: Mar 6, 2013 9:56:46 PM Ignore Math6149 Report Abuse Looks speculators are back at it again under the order of obammmmaaaa.
grt197 All-Star Author Illinois Posts:568 Points:124,610 Joined:Jan 2013	Message Posted: Mar 6, 2013 9:54:18 PM Ignore grt197 Report Abuse is a reason to hike prices
brprven All-Star Author Dallas Posts:644 Points:284,135 Joined:Jun 2012	Message Posted: Mar 6, 2013 9:53:25 PM Ignore brprven Report Abuse ok
BeeDee53 Sophomore Author Ontario Posts:134 Points:135,375 Joined:May 2012	Message Posted: Mar 6, 2013 9:52:21 PM Ignore BeeDee53 Report Abuse No chnge in demand though
CCLighthouse All-Star Author Hartford Posts:998 Points:212,055 Joined:Aug 2012	Message Posted: Mar 6, 2013 9:50:35 PM Ignore CCLighthouse Report Abuse Aye Carrumba!
prassu2012 All-Star Author Illinois Posts:671 Points:146,970 Joined:Dec 2012	Message Posted: Mar 6, 2013 9:48:25 PM Ignore prassu2012 Report Abuse ok
southrob Champion Author Tucson Posts:3,590 Points:686,225 Joined:Mar 2011	Message Posted: Mar 6, 2013 9:47:00 PM Ignore southrob Report Abuse dhan
Topless2012 Champion Author Twin Cities Posts:2,422 Points:479,115 Joined:Jan 2012	Message Posted: Mar 6, 2013 9:46:44 PM Ignore Topless2012 Report Abuse If you say so
cwashi3324 Champion Author Cincinnati Posts:2,797 Points:572,315 Joined:May 2009	Message Posted: Mar 6, 2013 9:43:59 PM Ignore cwashi3324 Report Abuse Yeah, ok.
gasmack Champion Author Ventura Posts:1,705 Points:666,550 Joined:Feb 2011	Message Posted: Mar 6, 2013 9:43:50 PM Ignore gasmack Report Abuse And here come the usual price gyrations-ever upward.
Ready Eddie Champion Author Twin Cities Posts:5,766 Points:1,341,795 Joined:Feb 2003	Message Posted: Mar 6, 2013 9:43:32 PM Ignore Ready Eddie Report Abuse pure speculation
ldiggy All-Star Author Wilmington Posts:768 Points:287,685 Joined:Apr 2012	Message Posted: Mar 6, 2013 9:41:38 PM Ignore ldiggy Report Abuse Wishful thinking.
GigHarborHound Champion Author Tacoma Posts:2,527 Points:486,540 Joined:Sep 2011	Message Posted: Mar 6, 2013 9:41:15 PM Ignore GigHarborHound Report Abuse OK
WIWalt Champion Author Wisconsin Posts:1,724 Points:414,755 Joined:Mar 2012	Message Posted: Mar 6, 2013 9:39:00 PM Ignore WIWalt Report Abuse Just another excuse to raise prices
HailstormCA Champion Author San Diego Posts:7,845 Points:1,470,070 Joined:Nov 2008	Message Posted: Mar 6, 2013 9:37:19 PM Ignore HailstormCA Report Abuse Bumadaba, bumadaba, bumadaba...
txkrb Champion Author Texas Posts:1,558 Points:637,490 Joined:May 2011	Message Posted: Mar 6, 2013 9:37:15 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:155,415 Joined:Oct 2012	Message Posted: Mar 6, 2013 9:34:48 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:8,909 Points:1,732,085 Joined:Jun 2008	Message Posted: Mar 6, 2013 9:32:25 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 9:28:25 PM Ignore dasimon Report Abuse Ok
SavALot Champion Author Virginia Beach Posts:8,464 Points:1,710,635 Joined:Apr 2005	Message Posted: Mar 6, 2013 9:24:10 PM Ignore SavALot Report Abuse future is bright?
snagged Veteran Author Akron Posts:396 Points:110,830 Joined:Oct 2012	Message Posted: Mar 6, 2013 9:20:54 PM Ignore snagged Report Abuse Three days down. Sounds like a rock group.
DEG Champion Author Las Vegas Posts:17,615 Points:3,493,730 Joined:Jul 2003	Message Posted: Mar 6, 2013 9:17:59 PM Ignore DEG Report Abuse Speculators doing what they do.
ScottTee Champion Author Detroit Posts:4,381 Points:1,061,645 Joined:Mar 2010	Message Posted: Mar 6, 2013 9:17:52 PM Ignore ScottTee Report Abuse Up, up and away
pgerassi Champion Author Milwaukee Posts:10,891 Points:2,130,630 Joined:Apr 2007	Message Posted: Mar 6, 2013 9:16:28 PM Ignore pgerassi Report Abuse Wishful thinking.
Gas4Gore Champion Author Detroit Posts:2,411 Points:421,925 Joined:Jan 2010	Message Posted: Mar 6, 2013 9:15:25 PM Ignore Gas4Gore Report Abuse Oh my.
Trowinsamoan Champion Author Los Angeles Posts:1,152 Points:185,865 Joined:Nov 2012	Message Posted: Mar 6, 2013 9:13:38 PM Ignore Trowinsamoan Report Abuse Wow three whole days?
wayoung56 Champion Author Alabama Posts:2,795 Points:817,360 Joined:Oct 2006	Message Posted: Mar 6, 2013 9:11:07 PM Ignore wayoung56 Report Abuse Hmmm...