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Oil slumps on China, Europe worries;dollar gains

Reuters --
Crude oil prices fell sharply on Wednesday as signs of a slowdown in China and Europe stoked worries about petroleum demand, while the dollar rose after better-than-expected news on the U.S. economy.

Wall Street ended modestly higher as better-than-expected U.S. labor and service-sector data fueled optimism about the recovery, but the Dow industrials were hobbled by a slide in Hewlett-Packard .

The euro zone's economic woes worsened last month and China's slowdown looked likely to extend to a seventh quarter, suggesting recent bold actions by global central banks have yet to convince consumers to start spending again.

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Submitted Oct 04, 2012 By: RENEGADEGAS

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honda0105 Champion Author Tallahassee Posts:18,834 Points:1,638,195 Joined:Nov 2008	Message Posted: Oct 10, 2012 11:02:18 PM Ignore honda0105 Report Abuse Sneakers: maybe the GB gods deemed it worthy of staying up and renewed its lifespan?
Sneakers55 Champion Author Houston Posts:51,862 Points:2,169,600 Joined:Nov 2005	Message Posted: Oct 9, 2012 1:58:49 PM Ignore Sneakers55 Report Abuse Why are articles from October fourth coming up as posted "today" when today is the ninth?
nauzad Champion Author Las Vegas Posts:1,114 Points:302,180 Joined:Mar 2010	Message Posted: Oct 5, 2012 5:51:11 PM Ignore nauzad Report Abuse cool.
wamster Champion Author Houston Posts:4,419 Points:720,340 Joined:May 2007	Message Posted: Oct 5, 2012 8:38:28 AM Ignore wamster Report Abuse Glad to read our dollar is up for a change. I'm tired of reading how screwed up the US is.
flagtown25 Champion Author New Jersey Posts:1,199 Points:511,905 Joined:Oct 2011	Message Posted: Oct 5, 2012 8:19:51 AM Ignore flagtown25 Report Abuse Don't worry. Oil will go back up because of the crisis in Syria.
nb52 Champion Author Grand Rapids Posts:7,920 Points:1,574,550 Joined:Nov 2008	Message Posted: Oct 5, 2012 5:26:20 AM Ignore nb52 Report Abuse Pump prices are still near $4 per gallon....hardly a "fall".
Bill100 Champion Author Grand Rapids Posts:41,756 Points:1,191,520 Joined:Jan 2010	Message Posted: Oct 5, 2012 3:08:28 AM Ignore Bill100 Report Abuse Slump more.
rahcat Champion Author Grand Rapids Posts:2,700 Points:690,875 Joined:Jan 2010	Message Posted: Oct 4, 2012 11:21:40 PM Ignore rahcat Report Abuse jcurley.....what flavor of kool-aid are you drinking?
boatfloyd Champion Author Jacksonville Posts:1,863 Points:416,650 Joined:Mar 2012	Message Posted: Oct 4, 2012 11:10:59 PM Ignore boatfloyd Report Abuse Buy, Buy, Buy???
bluegrasser1 Champion Author Richmond Posts:16,080 Points:2,644,295 Joined:Sep 2005	Message Posted: Oct 4, 2012 11:05:38 PM Ignore bluegrasser1 Report Abuse ok
jem069 Champion Author Detroit Posts:2,684 Points:715,755 Joined:Jan 2011	Message Posted: Oct 4, 2012 11:01:14 PM Ignore jem069 Report Abuse ok
PizzaMon Champion Author Philadelphia Posts:5,134 Points:1,886,455 Joined:Jun 2006	Message Posted: Oct 4, 2012 10:59:22 PM Ignore PizzaMon Report Abuse Ok
WIPACKERFAN Champion Author Chicago Posts:8,944 Points:1,871,150 Joined:Aug 2005	Message Posted: Oct 4, 2012 10:59:09 PM Ignore WIPACKERFAN Report Abuse Still way too high!
mrbee Champion Author Little Rock Posts:3,898 Points:2,494,285 Joined:Oct 2005	Message Posted: Oct 4, 2012 10:57:28 PM Ignore mrbee Report Abuse Not lower here.
goldrose1 Champion Author Cleveland Posts:11,076 Points:1,950,580 Joined:Feb 2005	Message Posted: Oct 4, 2012 10:54:27 PM Ignore goldrose1 Report Abuse We need better prices.
frostyWV Champion Author West Virginia Posts:2,339 Points:519,235 Joined:May 2011	Message Posted: Oct 4, 2012 10:53:21 PM Ignore frostyWV Report Abuse good
clermont40miles Champion Author Cincinnati Posts:10,759 Points:1,800,570 Joined:Apr 2008	Message Posted: Oct 4, 2012 10:53:06 PM Ignore clermont40miles Report Abuse With slumps like today we are in trouble! UP +3.57 per barrel. Crazy Reuters. Article is not news - it's a day late and not even fishwrap. [Edited by: clermont40miles at 10/4/2012 11:54:22 PM EST]
LiquidGold2011 Sophomore Author California Posts:109 Points:208,180 Joined:May 2011	Message Posted: Oct 4, 2012 10:52:21 PM Ignore LiquidGold2011 Report Abuse Yea!
SandeeC Champion Author Ontario Posts:3,129 Points:477,510 Joined:Apr 2011	Message Posted: Oct 4, 2012 10:51:47 PM Ignore SandeeC Report Abuse As carloco75 says, not surprising.
carloco75 Champion Author Richmond Posts:3,854 Points:628,695 Joined:Oct 2010	Message Posted: Oct 4, 2012 10:48:37 PM Ignore carloco75 Report Abuse I'm not the least bit surprised...
Thomtec Champion Author Nashville Posts:2,605 Points:636,370 Joined:May 2011	Message Posted: Oct 4, 2012 10:45:56 PM Ignore Thomtec Report Abuse Ok
jwalkerh Champion Author Louisiana Posts:6,197 Points:1,377,430 Joined:Oct 2008	Message Posted: Oct 4, 2012 10:40:28 PM Ignore jwalkerh Report Abuse Oil slumps as gasoline spikes...
mrselfdestruct Champion Author Arkansas Posts:1,087 Points:184,860 Joined:Aug 2011	Message Posted: Oct 4, 2012 10:40:26 PM Ignore mrselfdestruct Report Abuse Record profits to come.
SavALot Champion Author Virginia Beach Posts:8,623 Points:1,739,410 Joined:Apr 2005	Message Posted: Oct 4, 2012 10:38:22 PM Ignore SavALot Report Abuse And chaos ensues!
Gas4Gore Champion Author Detroit Posts:2,529 Points:445,200 Joined:Jan 2010	Message Posted: Oct 4, 2012 10:36:55 PM Ignore Gas4Gore Report Abuse Yea.
abcdMA Champion Author Worcester Posts:8,057 Points:1,601,705 Joined:Nov 2008	Message Posted: Oct 4, 2012 10:35:43 PM Ignore abcdMA Report Abuse and then oil rebounds sharply once again
HEBster Champion Author Kentucky Posts:8,932 Points:2,401,830 Joined:May 2006	Message Posted: Oct 4, 2012 10:33:36 PM Ignore HEBster Report Abuse Up big in KY
hammer219115 Veteran Author Pennsylvania Posts:411 Points:22,950 Joined:Aug 2006	Message Posted: Oct 4, 2012 10:31:56 PM Ignore hammer219115 Report Abuse Whoop!
Toppers Champion Author Atlanta Posts:9,157 Points:2,499,370 Joined:Mar 2005	Message Posted: Oct 4, 2012 10:30:09 PM Ignore Toppers Report Abuse & yet...up in the US
5Golfer8 Champion Author Tucson Posts:2,263 Points:326,925 Joined:Jun 2011	Message Posted: Oct 4, 2012 10:29:15 PM Ignore 5Golfer8 Report Abuse And the games just continue.
VanIsleLes All-Star Author British Columbia Posts:898 Points:295,295 Joined:Jun 2012	Message Posted: Oct 4, 2012 10:27:07 PM Ignore VanIsleLes Report Abuse Ok
zantor Veteran Author San Bernardino Posts:258 Points:53,025 Joined:Jul 2012	Message Posted: Oct 4, 2012 10:26:50 PM Ignore zantor Report Abuse perhaps we will see some relief in California
OGW Champion Author London Posts:5,446 Points:1,558,085 Joined:Sep 2005	Message Posted: Oct 4, 2012 10:26:14 PM Ignore OGW Report Abuse The news on TV just reported crude prices are up, what goes on here?
papa56NC All-Star Author North Carolina Posts:725 Points:142,760 Joined:Apr 2012	Message Posted: Oct 4, 2012 10:25:37 PM Ignore papa56NC Report Abuse Alright!
bvrbill Champion Author Eugene Posts:3,445 Points:546,325 Joined:Jul 2011	Message Posted: Oct 4, 2012 10:24:46 PM Ignore bvrbill Report Abuse Yet, prices are not dropping at the pump.
bonzoonfmb Champion Author Florida Posts:1,817 Points:664,910 Joined:Feb 2010	Message Posted: Oct 4, 2012 10:22:28 PM Ignore bonzoonfmb Report Abuse There is plenty of supply. Gas prices are too high.
firefly09 Champion Author San Diego Posts:2,618 Points:741,080 Joined:Mar 2009	Message Posted: Oct 4, 2012 10:21:19 PM Ignore firefly09 Report Abuse OK.
pgerassi Champion Author Milwaukee Posts:11,041 Points:2,160,970 Joined:Apr 2007	Message Posted: Oct 4, 2012 10:20:05 PM Ignore pgerassi Report Abuse OK
Busymomma56 Sophomore Author Utah Posts:224 Points:52,120 Joined:Mar 2012	Message Posted: Oct 4, 2012 10:16:46 PM Ignore Busymomma56 Report Abuse k
jimedB All-Star Author Riverside Posts:540 Points:87,915 Joined:Jun 2012	Message Posted: Oct 4, 2012 10:15:55 PM Ignore jimedB Report Abuse But the price went back up even higher Thursday.
mstearno Champion Author Dayton Posts:8,174 Points:1,755,920 Joined:Jan 2008	Message Posted: Oct 4, 2012 10:14:59 PM Ignore mstearno Report Abuse jcurley you are a hoot..... compare employment numbers (do you know what that is?) the number of workers.... unemployment is just what we are paying people to look for work.... perhaps you should take an economics course.... to find a time when there were less americans in jobs you have to go back to the begining of the Reagan administration... and guess what... we have a lot more eligble workers now than way back then... the stock market is a reflection of bail outs and stimulus expectations corporate profits are up because they are scared to hire not knowing tax liabilities and OBAMACARE.. I suppose you feel OBAMA wiped the floor with Romney in the debate last night?
30mpg80 Champion Author Lexington Posts:10,271 Points:1,515,555 Joined:Nov 2008	Message Posted: Oct 4, 2012 10:12:10 PM Ignore 30mpg80 Report Abuse Poor serrog, so misguided
Wierbe Champion Author Cincinnati Posts:3,892 Points:1,146,815 Joined:Apr 2006	Message Posted: Oct 4, 2012 10:11:52 PM Ignore Wierbe Report Abuse Better than expected. Do we 'blame' that on the president, too.
serrog Champion Author Nova Scotia Posts:5,710 Points:1,540,805 Joined:Oct 2008	Message Posted: Oct 4, 2012 10:10:52 PM Ignore serrog Report Abuse Did Obama screw up China too?
aggietim Champion Author Fort Worth Posts:1,831 Points:717,200 Joined:Oct 2008	Message Posted: Oct 4, 2012 10:10:06 PM Ignore aggietim Report Abuse ok
jcurley Champion Author California Posts:8,029 Points:1,802,720 Joined:Dec 2007	Message Posted: Oct 4, 2012 10:03:29 PM Ignore jcurley Report Abuse If you here that America is worse off now than four years ago, just compare unemployment numbers, the stock market, corporate profits and executive pay. The problem is, 4 million new jobs is not enough. If we could get the tea baggers in Congress to actually DO something (instead of going on vacation and sabotaging our credit worthiness, we could have created another million or two jobs in this country, which would help the middle class.
wayoung56 Champion Author Alabama Posts:2,925 Points:845,985 Joined:Oct 2006	Message Posted: Oct 4, 2012 9:59:21 PM Ignore wayoung56 Report Abuse So how do they justify raising gas prices again???
76chevy Champion Author Toledo Posts:4,023 Points:779,395 Joined:Jun 2010	Message Posted: Oct 4, 2012 9:49:40 PM Ignore 76chevy Report Abuse Californy didn't read this.
skybiker Champion Author South Carolina Posts:7,413 Points:1,587,590 Joined:Jul 2008	Message Posted: Oct 4, 2012 9:44:19 PM Ignore skybiker Report Abuse Looking for a black lining in this silver cloud...
vibdata Champion Author Massachusetts Posts:4,186 Points:867,210 Joined:Nov 2005	Message Posted: Oct 4, 2012 9:43:52 PM Ignore vibdata Report Abuse HUH? This has got to be at least a day old. Oil SOARED today as well as gas.