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Crude Oil Falls From Nine-Month High on Signs of Slowdown in Europe, China

Bloomberg -- Oil fell from a nine-month high as signs of slowing demand in Europe and China countered concern that a conflict between Iran and Western nations may escalate and disrupt supplies from the Persian Gulf producer.

Futures slipped as much as 0.6 percent in New York after an index based on a survey of euro-region purchasing managers unexpectedly declined, signaling a contraction. Manufacturing in China, the world’s second-biggest oil consumer, may shrink for a fourth month. Oil rose earlier after United Nations inspectors in Iran said they were denied access to a suspected nuclear- related military base.

The purchasing manager index indicates that “euro-zone economies will remain very weak in the months ahead,” said Andy Sommer, a senior trader at EGL AG in Dietikon, Switzerland. “That


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Submitted Feb 22, 2012 By: WxVette
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scu227
Champion Author New Haven

Posts:6,675
Points:1,282,355
Joined:Feb 2011
Message Posted: Feb 22, 2012 9:31:24 AM

Should be sigfnificantly lower, the Speculators are killing any chance of a recovery.
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DYSKYPILOT
Champion Author Fort Worth

Posts:4,938
Points:1,111,425
Joined:Mar 2006
Message Posted: Feb 22, 2012 9:28:20 AM

Stop SPECULATION NOW.
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SkyWarnTX
All-Star Author Texas

Posts:947
Points:57,185
Joined:Jan 2012
Message Posted: Feb 22, 2012 9:14:19 AM

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?? Think BIG WALL STREET BANKS & SPECULATORS are causing the RISE in OIL Prices ??

YOU ARE CORRECT, BUT DO YOU KNOW HOW BIG WALL STREET BANKS & SPECULATORS CAME TO BE BIG OIL ENERGY TYCOONS… ? VIEW THIS ... AND YOU TOO WILL KNOW, “THE REST OF THE STORY”...

CLICK HERE to WATCH the VIDEO explaining how WE GOT TO THIS POINT in GAS PRICES & HOME HEATING BILLS

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There is NO SHORTAGE of REFINED GASOLINE in the U.S., only an OVERABUNDANCE of SPECULATOR GREED in the OIL FUTURES MARKET, bidding up the PRICE of OIL CONTRACTS, that INVESTORS NEVER TAKE DELIVERY OF.

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DRILL BABY DRILL then EXPORT somewhere else does not make any sense. U.S. OIL Companies Export 117 million gallons per day of Refined GASOLINE... from the U.S. away to OTHER COUNTRIES... to keep the price up...

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MANIPULATING the OIL FUTURES MARKET is a “Suited-Up” RICH MAN's GAME, played on the BACKS of HARD WORKING AMERICANS.

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Investors have moved out of Financial Stocks into OIL FUTURES Market which currently have a higher rate of return. See this REPORT from KTLA

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Buckeyee
Champion Author Maine

Posts:7,473
Points:1,375,805
Joined:May 2010
Message Posted: Feb 22, 2012 8:40:49 AM

I believe that.
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FPLREP
Champion Author Virginia

Posts:10,918
Points:2,956,460
Joined:Oct 2005
Message Posted: Feb 22, 2012 8:10:39 AM

High prices will do that.
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