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Oil Market Speculation Limit, Energy Production 2012 Less

Limiting speculation in oil markets 2012 will lead to less energy production, fewer jobs and increased prices for consumers. Proposed trading limits on oil speculators such as big banks and hedge funds would lead to fewer opportunities for energy producers and consumers to mange risk. In turn, that would lead to fewer investments from energy [...]

Thursday, March 29th, 2012

US Short Term Energy Outlook

Energy outlook, EIA expects the U.S. average refiner acquisition cost of crude oil to remain relatively flat, averaging about $100 per barrel in 2011 and 2012. The value of West Texas Intermediate (WTI) benchmark crude oil was about $11 per barrel below the U.S. refiner acquisition cost of crude oil in the third quarter of [...]

Wednesday, November 30th, 2011

Oil Prices Surge USD 112 per barrel as Dollar Jitters from Major Oil Suppliers

Prices oil surged above $112 per barrel Friday following a drop in the dollar and continued jitters about shipments from the world’s major oil suppliers. Benchmark West Texas Intermediate crude oil for May delivery jumped $2.49, or 2.3 percent, to settle at $112.79 per barrel on the New York Mercantile Exchange. Crude oil set new [...]

Friday, April 8th, 2011