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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 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, 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, 2012