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Gasoline Prices Slid, Crude Stockpiles Climb 369 million barrels
Gasoline prices for May delivery slid 3.13 cents, or 1 percent, to $3.2027 a gallon on the New York Mercantile Exchange yesterday. That’s the lowest closing price in seven weeks. Oil in New York has technical support along its 100-day moving average, around $101.93 a barrel today, according to data compiled by Bloomberg. Futures have [...]
Thursday, April 19th, 2012Oil Prices Rise and Gasoline Climb on Speculation Increase Fuel Demand
Oil prices rise and gasoline climb on speculation that fuel demand will increase with economic rebound in America. We all known that America is biggest country that consuming crude oil. As the U.S. economy grows, demand will increase, sending prices higher and tightening the market. New York Future oil advanced after industrial output increase production. [...]
Saturday, March 17th, 2012Crude Oil Trading above Long Term, Heating Oil gain 2012 March
Crude oil in New York opened today’s trading above long-term technical resistance at $103.39 a barrel. On the weekly chart, that’s the 61.8 percent Fibonacci retracement of the drop to $32.40 in December 2008 from a record high of $147.27 in July that year. Buy orders tend to be clustered above chart-resistance levels. March-delivery gasoline [...]
Monday, February 20th, 2012