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Oil Prices Flat Ahead of US Manufacturing Data
At the price of crude 9:40 am EDT, the price of crude had gained 0.6 percent to reach $70.39 a barrel and the price of heating oil had risen by 0.6 percent as well.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: DOWN $0.07
Morning projection (for Wednesday’s average price per gallon): UP $0.02
Following [...]
Read More »Oil Prices Drop on Chinese Stock Market Losses
At 9:01 am EDT, the price of crude had dropped by 2.4 percent to $71.02 a barrel and the price of heating oil had lost 2.4 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: UP $0.01
Morning projection (for Tuesday’s price per gallon): DOWN $0.03
Oil prices fell sharply this morning, as the key [...]
Oil Prices Down Ahead of US Economic Data
At 9:38 am EDT, the price of crude had dropped 0.2 percent to $74.19 a barrel and the price of heating oil had lost 0.5 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: UP $0.02
Morning projection (for Wednesday’s price per gallon): DOWN $0.01
The prices of crude and heating oil were down slightly [...]
Read More »More Recovery Hopes Keep Oil Prices on the Rise
At 9:00 am EDT, the price of crude had gained 0.4 percent to $74.19 a barrel and the price of heating oil had risen by 0.3 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: UP $0.03
Morning projection (for Tuesday’s average price per gallon): UP $0.02
The price of crude continued to increase beyond [...]
Oil Prices Dip As Chinese Stock Market Falls
At 9:51 am EDT, the price of crude had lost 0.1 percent, falling to $69.13 a barrel and the price of heating oil had lost 0.5 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: UP $0.04
Morning projection (for Thursday’s average price per gallon): DOWN $0.02
Crude and heating oil prices are on the [...]
Oil Prices Plummet on Low Consumer Confidence, Recession Fears
At 9:27 am EDT, the price of crude had lost 2.2 percent to $66.01 a barrel and the price of heating oil had fallen by 1.8 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: DOWN $0.06
Morning projection (for Tuesday’s average price per gallon): DOWN $0.03
A Survey released on Friday that showed a [...]
Economic Recovery Hopes Carry Oil Prices Up Again
At 8:33 am EDT, the price of crude had gained 0.3 percent to reach $70.75 a barrel and the price of heating oil had climbed 0.8 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: UP $0.03
Morning projection (for Monday’s average price per gallon): UP $0.02
Crude and heating oil prices both posted moderate [...]
Read More »Oil Prices Up on Demand Boom in China
At 9:01 am EDT, the price of crude had gained 0.1 percent to $70.70 a barrel and the price of heating oil had risen by 0.4 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: UP $0.02
Morning projection (for Wednesday’s average price per gallon): UP $0.01
Crude and heating oil prices are rising steadily [...]
Oil Prices Dip on Expectations of Inventory Build
At 9:59 am EDT, the price of crude had fallen by 0.8 percent to $71.00 a barrel and the price of heating oil had risen just 0.1 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: NO CHANGE
Morning projection (for Wednesday’s average price per gallon): DOWN $0.02
Crude and heating oil prices reversed three [...]
Read More »Oil Prices Up on Stock Market Gains, Growing Demand in China
At 9:04 am EDT, the price of crude had gained 2.8 percent to reach $71.38 a barrel and the price of heating oil had risen by 2.7 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: UP $0.06
Morning projection (for Tuesday’s average price per gallon): DOWN $0.01
The upward trend in crude and heating [...]
Oil Prices Bounce Back in a Big Way
At 9:21 am EDT, the price of crude had gained 2.3 percent to $64.83 a barrel and the price of heating oil had increased by 2.8 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: DOWN $0.08
Morning projection (for Friday’s average price per gallon): UP $0.06
Crude and heating oil prices plummeted yesterday after [...]
US and China to Collaborate on Green Energy Research and Develoment
This morning, the world’s two biggest greenhouse gas emitters, the United States and China, announced plans for a joint Clean Energy Research Center, according to the AP. Operations are set to begin by the end of 2009.
The US Department of Energy says the Center “would facilitate joint research and development on clean energy by teams [...]
Oil Prices Down Slightly After New 2009 High
At 9:24 am EDT, the price of crude had fallen by 0.5 percent to $71.16 a barrel and the price of heating oil had lost 0.7 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: UP $0.06
Morning projection (for Wednesday’s average price per gallon): DOWN $0.02
Oil prices receded from an early rally spurred [...]
China’s Quest to Dominate 21st Century Oil Supplies
China, through its national oil companies, has recently invested at least $40 billion in oil ventures in over twenty countries, the Journal of Energy Security reported earlier this month. It’s bought large interests in oil fields in Nigeria, Sudan, and Kazakhstan; built pipelines in Myanmar, Sudan, and Kazakhstan; built refineries at home and abroad; bought [...]
Read More »Japan, Once World’s 2nd Largest Oil Consumer, Cuts Back on Refining as Demand Sinks
Nippon oil recently announced that it will process 4% less crude oil in June 2009 than it did a year ago, owing in large part to a reduction in oil consumption. And this is not an isolated event: Nippon closed one of their refineries earlier this year, and is converting another over to service the [...]
Read More »Russia Ends Honeymoon With OPEC
Not every oil producer thinks the same way.
Due to the worldwide recession, OPEC has decided to trim back oil production by 5 million barrels per day over the course of the past year. But Russia, another major oil producer, has done the opposite, boosting its production of oil by 6.4 percent during the same time [...]
Oil Prices Continue Climb, Crude Closes at New 7-Month High
The price of crude gained 3.3 percent to close at $68.58 a barrel, its highest closing price since November 4, 2008. The price of heating oil rose by 5.6 percent.
HEAT USA Price Report
Evening projection (for Tuesday’s average retail heating oil price per gallon): UP $0.11 (from Friday’s closing price)
Rising stock markets, a weak dollar, and [...]
Rising Stock Markets, Weak Dollar Push Up Oil Prices; Crude Touches 7-Month High Price
At 10:26 am EDT, the price of crude had gained 2 percent to reach $67.66 a barrel and the price of heating oil had risen by 3.3 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: UP $0.05
Morning projection (for Tuesday’s average price per gallon): UP $0.04
Coming off of its biggest Monthly gain [...]
Hopeful Investors Keep Oil on Track for Biggest Monthly Gain in 10 Years
At 10:17 am EDT, the price of crude had gained 1.4 percent to reach $66.00 a barrel and the price of heating oil had risen by 2.2 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: UP $0.05
Morning projection (for Monday’s average retail price): UP $0.03
Positive economic news from the US and Japan [...]
Oil Prices Up on OPEC Statements; Crude Hits New High
At 9:47 am EDT, the price of crude had gained 0.8 percent to reach $62.94 and the price of heating oil had increased by 0.3 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: UP $0.02
Morning projection (for Thursday’s average price per gallon): UP $0.01
