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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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sparky808 Champion Author Honolulu Posts:3,008 Points:599,685 Joined:Sep 2011	Message Posted: Apr 17, 2012 10:27:16 AM Ignore sparky808 Report Abuse Thank you for posting.
bikerchicklette Champion Author Washington Posts:5,889 Points:1,296,970 Joined:Sep 2005	Message Posted: Apr 17, 2012 7:22:50 AM Ignore bikerchicklette Report Abuse interesting
FunMyster All-Star Author Indiana Posts:907 Points:73,215 Joined:Jul 2011	Message Posted: Apr 17, 2012 5:47:54 AM Ignore FunMyster Report Abuse Just a stalling tactic by the Iranians.
BartBuzz Champion Author Atlanta Posts:8,890 Points:1,776,735 Joined:Aug 2006	Message Posted: Apr 17, 2012 4:58:48 AM Ignore BartBuzz Report Abuse This decline is in the noise level. Prices won't go down at the pump because of a 1% drop in crude.
tidalwave3 Champion Author Tallahassee Posts:1,305 Points:1,464,545 Joined:Jun 2008	Message Posted: Apr 16, 2012 10:09:55 PM Ignore tidalwave3 Report Abuse this should not even matter to the US oil $$$ Volume is small & drill in our yard baby
N5EXY Champion Author Austin Posts:5,497 Points:1,511,355 Joined:Jul 2004	Message Posted: Apr 16, 2012 10:01:28 PM Ignore N5EXY Report Abuse Where did I read this before?
menagerie1013 Champion Author San Diego Posts:2,365 Points:690,740 Joined:Apr 2011	Message Posted: Apr 16, 2012 9:23:13 PM Ignore menagerie1013 Report Abuse Get the price of gas down.
ScottE Champion Author Orange County Posts:4,352 Points:2,199,730 Joined:May 2002	Message Posted: Apr 16, 2012 9:08:24 PM Ignore ScottE Report Abuse good news, but the Present Iranian govt. is untrustworthy! Neutron bomb anybody Reverse Jihad.
yakstar Champion Author Montreal Posts:2,420 Points:480,520 Joined:Jan 2012	Message Posted: Apr 16, 2012 9:07:06 PM Ignore yakstar Report Abuse 2 days in a row? What gives?
BMWer Champion Author Calgary Posts:2,076 Points:1,665,570 Joined:Dec 2003	Message Posted: Apr 16, 2012 9:01:59 PM Ignore BMWer Report Abuse Oil may be on the decline...now let's see the pump price do the same!
camel1 Champion Author Minnesota Posts:8,270 Points:2,266,615 Joined:Jul 2006	Message Posted: Apr 16, 2012 8:55:38 PM Ignore camel1 Report Abuse Interesting and yet pump prices go up.
tippybuddy Champion Author Ontario Posts:1,523 Points:207,740 Joined:Feb 2011	Message Posted: Apr 16, 2012 8:54:17 PM Ignore tippybuddy Report Abuse let's hope our gas prices drop and the oil for that matter
jessek Champion Author Detroit Posts:2,657 Points:1,280,490 Joined:Sep 2008	Message Posted: Apr 16, 2012 8:52:42 PM Ignore jessek Report Abuse Hopefully we"ll see an impact at the pumps.
txkrb Champion Author Texas Posts:1,563 Points:639,665 Joined:May 2011	Message Posted: Apr 16, 2012 8:50:39 PM Ignore txkrb Report Abuse Did you even read the article mikaye
txkrb Champion Author Texas Posts:1,563 Points:639,665 Joined:May 2011	Message Posted: Apr 16, 2012 8:48:22 PM Ignore txkrb Report Abuse 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
MDTDriver Champion Author California Posts:9,729 Points:2,155,620 Joined:Jul 2006	Message Posted: Apr 16, 2012 8:45:37 PM Ignore MDTDriver Report Abuse When it hits $50 we will talk again!
bevmill Champion Author Georgia Posts:2,582 Points:600,545 Joined:Apr 2006	Message Posted: Apr 16, 2012 8:45:06 PM Ignore bevmill Report Abuse Can't tell it at the pump.
DandyDapple All-Star Author North Dakota Posts:715 Points:311,570 Joined:Sep 2008	Message Posted: Apr 16, 2012 8:44:45 PM Ignore DandyDapple Report Abuse But when will the prices at the pump decline?
Ply440GTX All-Star Author Texas Posts:949 Points:309,730 Joined:Feb 2009	Message Posted: Apr 16, 2012 8:44:31 PM Ignore Ply440GTX Report Abuse Somebody'll fart and it'll climb $50/barrel more...
ByGuy Champion Author Dallas Posts:7,853 Points:1,709,240 Joined:Nov 2005	Message Posted: Apr 16, 2012 8:41:04 PM Ignore ByGuy Report Abuse Just talk, no more.
tco9436 Champion Author Connecticut Posts:1,777 Points:723,250 Joined:Mar 2010	Message Posted: Apr 16, 2012 8:40:58 PM Ignore tco9436 Report Abuse Ok
mikaye Champion Author Cleveland Posts:3,839 Points:866,385 Joined:Jun 2010	Message Posted: Apr 16, 2012 8:39:57 PM Ignore mikaye Report Abuse another excuse to raise prices
1Casey Champion Author Albany Posts:6,535 Points:1,793,025 Joined:Jun 2004	Message Posted: Apr 16, 2012 8:39:25 PM Ignore 1Casey Report Abuse not at the pump.
abcdMA Champion Author Worcester Posts:7,927 Points:1,575,955 Joined:Nov 2008	Message Posted: Apr 16, 2012 8:38:52 PM Ignore abcdMA Report Abuse probably a temporary movement
treeguy Veteran Author Wisconsin Posts:267 Points:654,865 Joined:Aug 2005	Message Posted: Apr 16, 2012 8:37:46 PM Ignore treeguy Report Abuse Gasoline prices will probably go up as a result...
WinderGuy Champion Author Georgia Posts:2,874 Points:933,580 Joined:Mar 2008	Message Posted: Apr 16, 2012 8:30:20 PM Ignore WinderGuy Report Abuse Ok
bluebird1 Champion Author Toronto Posts:15,735 Points:3,108,900 Joined:May 2004	Message Posted: Apr 16, 2012 8:27:31 PM Ignore bluebird1 Report Abuse But speculators will have an excuse for gas to continue to rise.
stueyAZ Sophomore Author Phoenix Posts:214 Points:23,870 Joined:Nov 2011	Message Posted: Apr 16, 2012 8:25:40 PM Ignore stueyAZ Report Abuse things are looking up with the exception of tension over Iran
ShudBWalking Champion Author Kitchener-Waterloo Posts:3,608 Points:419,365 Joined:Oct 2006	Message Posted: Apr 16, 2012 8:25:07 PM Ignore ShudBWalking Report Abuse the prices at the pump are not reflecting the oil prices
Vitobug Champion Author El Paso Posts:1,955 Points:641,435 Joined:May 2011	Message Posted: Apr 16, 2012 8:24:30 PM Ignore Vitobug Report Abuse ok
serrog Champion Author Nova Scotia Posts:5,569 Points:1,513,105 Joined:Oct 2008	Message Posted: Apr 16, 2012 8:21:40 PM Ignore serrog Report Abuse What about the pump prices?
LQQKGAS Champion Author Phoenix Posts:2,670 Points:1,196,910 Joined:Oct 2009	Message Posted: Apr 16, 2012 8:20:38 PM Ignore LQQKGAS Report Abuse Keep declining, Turn irans sand into glass.
DeeLA Champion Author Los Angeles Posts:4,818 Points:1,365,330 Joined:Nov 2008	Message Posted: Apr 16, 2012 8:17:23 PM Ignore DeeLA Report Abuse Keep them dropping.
blazerbob91 Champion Author Milwaukee Posts:6,150 Points:1,884,645 Joined:Aug 2005	Message Posted: Apr 16, 2012 8:15:08 PM Ignore blazerbob91 Report Abuse It is just temporary
pgerassi Champion Author Milwaukee Posts:10,901 Points:2,132,580 Joined:Apr 2007	Message Posted: Apr 16, 2012 8:13:46 PM Ignore pgerassi Report Abuse Good!
CorvairHaven Champion Author Cleveland Posts:4,359 Points:1,454,915 Joined:Sep 2008	Message Posted: Apr 16, 2012 8:10:56 PM Ignore CorvairHaven Report Abuse declines don't last long.
mstearno Champion Author Dayton Posts:8,071 Points:1,732,210 Joined:Jan 2008	Message Posted: Apr 16, 2012 8:07:25 PM Ignore mstearno Report Abuse it'll jump when they back out they just want to sell oil and free up their cash they have no intent on stopping
rf6480 Champion Author Miami Posts:1,534 Points:548,555 Joined:Mar 2011	Message Posted: Apr 16, 2012 8:06:17 PM Ignore rf6480 Report Abuse Reg gas has come down some. Iran, we should get our noses out of it.
us4usa Champion Author Missouri Posts:5,993 Points:1,113,430 Joined:May 2008	Message Posted: Apr 16, 2012 8:05:56 PM Ignore us4usa Report Abuse Oil will keep dropping until May 23...
Z51Corvette Champion Author Austin Posts:8,490 Points:1,672,170 Joined:Jan 2008	Message Posted: Apr 16, 2012 7:59:54 PM Ignore Z51Corvette Report Abuse Oh be sure, the prices will drop some. How much remains to be seen!
dinomen Champion Author Arkansas Posts:1,882 Points:718,685 Joined:May 2010	Message Posted: Apr 16, 2012 7:59:53 PM Ignore dinomen Report Abuse Ok.
mrbee Champion Author Little Rock Posts:3,759 Points:2,466,805 Joined:Oct 2005	Message Posted: Apr 16, 2012 7:59:23 PM Ignore mrbee Report Abuse Don't negotiate with Iran.
Jeeputtputt Champion Author Ohio Posts:3,002 Points:677,465 Joined:Aug 2009	Message Posted: Apr 16, 2012 7:58:20 PM Ignore Jeeputtputt Report Abuse TALK, all just talk prices up & up & do** &up !
USAv8tor Veteran Author Long Island Posts:348 Points:138,665 Joined:Mar 2012	Message Posted: Apr 16, 2012 7:58:16 PM Ignore USAv8tor Report Abuse 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.
clermont40miles Champion Author Cincinnati Posts:10,576 Points:1,772,940 Joined:Apr 2008	Message Posted: Apr 16, 2012 7:56:22 PM Ignore clermont40miles Report Abuse 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]
FuelOilOH Champion Author Cleveland Posts:2,837 Points:1,180,220 Joined:Oct 2007	Message Posted: Apr 16, 2012 7:54:52 PM Ignore FuelOilOH Report Abuse 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.
WBBNC Veteran Author North Carolina Posts:499 Points:488,640 Joined:Jan 2011	Message Posted: Apr 16, 2012 7:52:20 PM Ignore WBBNC Report Abuse I don't see any price drop at NC gas pumps (Wilmington)
stopforgas All-Star Author Mississippi Posts:996 Points:481,705 Joined:Jun 2011	Message Posted: Apr 16, 2012 7:51:41 PM Ignore stopforgas Report Abuse I hope the speculators lose their asses over the drop.
Is246 Champion Author Albuquerque Posts:1,014 Points:427,610 Joined:Apr 2011	Message Posted: Apr 16, 2012 7:51:12 PM Ignore Is246 Report Abuse Good.
CaesarI Sophomore Author Augusta Posts:212 Points:26,640 Joined:Nov 2011	Message Posted: Apr 16, 2012 7:51:01 PM Ignore CaesarI Report Abuse Sounds like good news to me. But its still very unpredictable.