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Oil Declines for a Second Day After Iran Nuclear Talks

Bloomberg -- Oil fell a second day after the first international talks with Iran on its nuclear program in 15 months produced an agreement to reconvene in May.

Futures declined as much as 0.7 percent in New York after sliding 0.5 percent last week. United Nations Security Council members the U.S., U.K., China, France, and Russia plus Germany will meet Iranian delegates in Baghdad on May 23 following “constructive” talks in Istanbul on April 14, Catherine Ashton, the European Union’s foreign policy chief, said yesterday. Oil has advanced this year on concern that tension with Iran will disrupt global supplies.

“The flavor of those talks did seem a little more positive than the rhetoric of the past,” said David Lennox, an analyst at Fat Prophets in Sydney. “Between $90 and $100 a barrel would appear...


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Submitted Apr 16, 2012 By: Mudsprings
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REPLIES (newest first) Post a Reply
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sparky808
Champion Author Honolulu

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Message Posted: Apr 17, 2012 10:27:16 AM

Thank you for posting.
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bikerchicklette
Champion Author Washington

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Message Posted: Apr 17, 2012 7:22:50 AM

interesting
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FunMyster
All-Star Author Indiana

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Message Posted: Apr 17, 2012 5:47:54 AM

Just a stalling tactic by the Iranians.
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BartBuzz
Champion Author Atlanta

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Message Posted: Apr 17, 2012 4:58:48 AM

This decline is in the noise level. Prices won't go down at the pump because of a 1% drop in crude.
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tidalwave3
Champion Author Tallahassee

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Message Posted: Apr 16, 2012 10:09:55 PM

this should not even matter to the US oil $$$
Volume is small & drill in our yard baby
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N5EXY
Champion Author Austin

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Message Posted: Apr 16, 2012 10:01:28 PM

Where did I read this before?
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menagerie1013
Champion Author San Diego

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Message Posted: Apr 16, 2012 9:23:13 PM

Get the price of gas down.
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ScottE
Champion Author Orange County

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Message Posted: Apr 16, 2012 9:08:24 PM

good news, but the Present Iranian govt. is untrustworthy! Neutron bomb anybody Reverse Jihad.
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yakstar
Champion Author Montreal

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Message Posted: Apr 16, 2012 9:07:06 PM

2 days in a row? What gives?
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BMWer
Champion Author Calgary

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Message Posted: Apr 16, 2012 9:01:59 PM

Oil may be on the decline...now let's see the pump price do the same!
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camel1
Champion Author Minnesota

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Message Posted: Apr 16, 2012 8:55:38 PM

Interesting and yet pump prices go up.
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tippybuddy
Champion Author Ontario

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Message Posted: Apr 16, 2012 8:54:17 PM

let's hope our gas prices drop and the oil for that matter
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jessek
Champion Author Detroit

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Message Posted: Apr 16, 2012 8:52:42 PM

Hopefully we"ll see an impact at the pumps.
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txkrb
Champion Author Texas

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Message Posted: Apr 16, 2012 8:50:39 PM

Did you even read the article mikaye
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txkrb
Champion Author Texas

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Message Posted: Apr 16, 2012 8:48:22 PM

Have seen a little relief here gas price are down for the first time this year, prices down 4 to 7 cents per gallon over the last week
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MDTDriver
Champion Author California

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Message Posted: Apr 16, 2012 8:45:37 PM

When it hits $50 we will talk again!
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bevmill
Champion Author Georgia

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Message Posted: Apr 16, 2012 8:45:06 PM

Can't tell it at the pump.
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DandyDapple
All-Star Author North Dakota

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Message Posted: Apr 16, 2012 8:44:45 PM

But when will the prices at the pump decline?
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Ply440GTX
Champion Author Kansas

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Message Posted: Apr 16, 2012 8:44:31 PM

Somebody'll fart and it'll climb $50/barrel more...
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ByGuy
Champion Author Dallas

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Message Posted: Apr 16, 2012 8:41:04 PM

Just talk, no more.
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tco9436
Champion Author Connecticut

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Message Posted: Apr 16, 2012 8:40:58 PM

Ok
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mikaye
Champion Author Cleveland

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Message Posted: Apr 16, 2012 8:39:57 PM

another excuse to raise prices
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1Casey
Champion Author Albany

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Message Posted: Apr 16, 2012 8:39:25 PM

not at the pump.
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abcdMA
Champion Author Worcester

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Message Posted: Apr 16, 2012 8:38:52 PM

probably a temporary movement
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treeguy
Veteran Author Wisconsin

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Message Posted: Apr 16, 2012 8:37:46 PM

Gasoline prices will probably go up as a result...
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WinderGuy
Champion Author Georgia

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Message Posted: Apr 16, 2012 8:30:20 PM

Ok
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bluebird1
Champion Author Toronto

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Message Posted: Apr 16, 2012 8:27:31 PM

But speculators will have an excuse for gas to continue to rise.
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stueyAZ
Sophomore Author Phoenix

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Message Posted: Apr 16, 2012 8:25:40 PM

things are looking up with the exception of tension over Iran
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ShudBWalking
Champion Author Kitchener-Waterloo

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Message Posted: Apr 16, 2012 8:25:07 PM

the prices at the pump are not reflecting the oil prices
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Vitobug
Champion Author El Paso

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Message Posted: Apr 16, 2012 8:24:30 PM

ok
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serrog
Champion Author Nova Scotia

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Message Posted: Apr 16, 2012 8:21:40 PM

What about the pump prices?
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LQQKGAS
Champion Author Phoenix

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Message Posted: Apr 16, 2012 8:20:38 PM


Keep declining,

Turn irans sand into glass.
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DeeLA
Champion Author Los Angeles

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Message Posted: Apr 16, 2012 8:17:23 PM

Keep them dropping.
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blazerbob91
Champion Author Milwaukee

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Message Posted: Apr 16, 2012 8:15:08 PM

It is just temporary
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pgerassi
Champion Author Milwaukee

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Message Posted: Apr 16, 2012 8:13:46 PM

Good!
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CorvairHaven
Champion Author Cleveland

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Message Posted: Apr 16, 2012 8:10:56 PM

declines don't last long.
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mstearno
Champion Author Dayton

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Message Posted: Apr 16, 2012 8:07:25 PM

it'll jump when they back out
they just want to sell oil and free up their cash
they have no intent on stopping
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rf6480
Champion Author Miami

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Message Posted: Apr 16, 2012 8:06:17 PM

Reg gas has come down some. Iran, we should get our noses out of it.
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us4usa
Champion Author Missouri

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Message Posted: Apr 16, 2012 8:05:56 PM

Oil will keep dropping until May 23...
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Z51Corvette
Champion Author Austin

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Message Posted: Apr 16, 2012 7:59:54 PM

Oh be sure, the prices will drop some. How much remains to be seen!
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dinomen
Champion Author Arkansas

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Message Posted: Apr 16, 2012 7:59:53 PM

Ok.
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mrbee
Champion Author Little Rock

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Message Posted: Apr 16, 2012 7:59:23 PM

Don't negotiate with Iran.
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Jeeputtputt
Champion Author Ohio

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Message Posted: Apr 16, 2012 7:58:20 PM

TALK, all just talk prices up & up & do** &up !
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USAv8tor
Veteran Author Long Island

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Message Posted: Apr 16, 2012 7:58:16 PM

The Iranians are trying to stall the sanctions that's going to be placed on their oil exports. The irony is, the people of the Nations threatening the sanctions upon Iran are still open-minded, in hopes that the bullsh!t that is going to spew from the Iranian leaders mouths will be forthcoming and promising. The sanctions will probably be delayed because of these so called, "diplomatic negotiations", then as time passes, with the Iranians still exporting their oil to various Countries, the negotiations will break down again, with the same Nations then again threatening to place sanctions yet again. It's just a vicious cycle.
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clermont40miles
Champion Author Cincinnati

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Message Posted: Apr 16, 2012 7:56:22 PM

No cause and effect here.

Just speculators doing their Casino tricks.

We lose. The house always wins. We cannot walk away from the table.

[Edited by: clermont40miles at 4/16/2012 10:57:41 PM EST]
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FuelOilOH
Champion Author Cleveland

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Message Posted: Apr 16, 2012 7:54:52 PM

They are meeting again on May 23rd..... does that mean a nuclear holocaust on May 20th over Israel? They are only out to get what they want and right now they don't want inspectors around when they are assembling Fat Boy. I hope I'm wrong.
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WBBNC
Veteran Author North Carolina

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Message Posted: Apr 16, 2012 7:52:20 PM

I don't see any price drop at NC gas pumps (Wilmington)
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stopforgas
Champion Author Mississippi

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Message Posted: Apr 16, 2012 7:51:41 PM

I hope the speculators lose their asses over the drop.
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Is246
Champion Author Albuquerque

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Message Posted: Apr 16, 2012 7:51:12 PM

Good.
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CaesarI
Veteran Author Augusta

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Message Posted: Apr 16, 2012 7:51:01 PM

Sounds like good news to me. But its still very unpredictable.
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