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API Inventory Report Drives Up Oil Prices
At 9:30 am EST, the price of crude had risen 1.8 percent to $75.28 a barrel and the price of heating oil had climbed 1.4 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: Up $0.01
Morning projection (for Wednesday’s average price per gallon): Up $0.04
The American Petroleum Institute’s oil inventory report, released yesterday [...]
Rise in Crude Inventories Pulls Oil Prices Down
At 9:15 am EDT, the price of crude had dropped 0.8 percent to $78.46 a barrel and the price of heating oil had lost 0.4 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: NO CHANGE
Morning projection (for Thursday’s price per gallon): DOWN $0.01
The American Petroleum Institute’s weekly inventory report, released yesterday afternoon, [...]
Heating Oil to Contain Biofuel by 2010
At the recent national oilheat industry policy summit, leaders called for all heating oil to include at least 2 percent biofuel by July 2010, and aimed to increase that percentage in the future. This initiative is part of a statement approved by the leadership that would move the industry in a green and sustainable direction.
Biofuels—which [...]
Oil Prices Drop as Demand Stays Weak
As of 9:49 am EDT, the price of crude had fallen 3.33 percent to reach $69.64 a barrel and the price of heating oil dropped 3.35 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: Down $0.01
Morning projection (for Tuesday’s average price per gallon): Down $0.04
After rising last week, crude oil prices fell [...]
Oil Prices Up on Weak Dollar, Stock Markets Gains
At 10:00 am EDT, the price of crude had climbed 0.5 percent to reach $72.96 a barrel and the price of heating oil had risen by 1.4 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: UP $0.05
Morning projection (for Friday’s average price per gallon): DOWN $0.01
Crude and heating oil posted moderate gains [...]
Fewer Oil Dealers Offering Price-Lock Contracts
This article was originally published in the HEAT This Week newsletter, September 11, 2009.
Volatility in the oil market has convinced some oil dealers to reconsider offering price-lock and price-cap contracts that many customers used to favor to insure themselves against rising oil prices. Last winter’s steep decline in oil prices left both consumers and dealers [...]
Oil Prices Flat After Mixed EIA Inventory Report
At 11:19 am EDT, the price of crude had gained 0.3 percent to reach $71.12 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 $0.05
Morning projection (for Thursday’s price per gallon): DOWN $0.02
The price of crude is slightly higher and the [...]
Oil Prices Rise on Expected Inventory Reduction
At 9:57 am EDT, the price of crude had risen by 1.3 percent to $69.75 a barrel and the price of heating oil had gained 1.1 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: UP $0.01
Morning projection (for Wednesday’s price per gallon): DOWN $0.03
Oil prices increased moderately this morning, boosted by predictions [...]
Oil Prices Continue Slide on Stronger Dollar, New Position Limits
At 9:39 EDT, the price of crude had fallen by 0.8 percent to $68.77 a barrel and the price of heating oil was 0.3 percent lower.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: DOWN $0.05
Morning projection (for Tuesday’s average price per gallon): DOWN $0.02
Oil prices dipped lower this morning, continuing a downward [...]
Read More »Oil Prices Sink as Big Inventories Weigh Heavy Again
At 8:55 am EDT, the price of crude had fallen by 0.4 percent to $71.63 a barrel and the price of heating oil had lost 0.6 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: DOWN $0.01
Morning projection (for Monday’s price per gallon): DOWN $0.02
Oil prices dipped this morning after three straight days [...]
Oil Prices Dip as OPEC Holds Outputs Steady
At 9:49 am EDT, the price of crude had lost 0.2 percent to fall to $71.20 a barrel and the price of heating oil had fallen by 0.9 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: UP $0.02
Morning projection (for Friday’s price per gallon): UP $0.03
Crude and heating oil prices rose in [...]
Read More »Oil Prices Continue Climb on Weak Dollar; OPEC to Maintain Output Quotas
At 9:21 am EDT, the price of crude had risen by 0.7 percent to $71.62 a barrel and the price of heating oil had gained 0.9 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: UP $0.06
Morning projection (for Thursday’s average price per gallon): UP $0.01
A weakening US dollar and a major buying [...]
Gold Leads Oil Prices Higher Ahead of OPEC Meeting
At 9:14 am EDT, the price of crude had gained 3.8 percent to reach $70.61 a barrel and the price of heating oil had risen 3.5 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: UP $0.06
Morning projection (for Wednesday’s price per gallon): DOWN $0.02
A sudden jump in gold prices stimulated moderate gains [...]
Read More »Oil Prices Falling After US Employment Data
At 9:39 am EDT, the price of crude oil had lost 0.1 percent to reach $67.91 a barrel and the price of heating oil had fallen by 0.3 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: DOWN $0.01
Morning projection (for Monday’s price per gallon): NO CHANGE
A government report released this morning showed [...]
Gasoline Stockpile Data Lifts Oil Prices
At 9:06 am EDT, the price of crude had risen by 0.6 percent to $68.49 a barrel and the price of heating oil had gained 0.2 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: DOWN $0.01
Morning projection (for Friday’s price per gallon): DOWN $0.01
Yesterday’s US petroleum inventory data released by the Energy [...]
Oil Prices Flat Ahead of EIA Inventory Data
At 9:55 am EDT, the price of crude was flat at $68.05 a barrel and the price of heating oil had gained just 0.2 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: DOWN $0.04
Morning projection (for Thursday’s average price per gallon): UP $0.03
US unemployment rose again in August, which pushed down crude [...]
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 Keep Falling Under Weight of Massive US Inventories
At 9:25 am EDT, the price of crude had fallen 1.2 percent to $70.58 a barrel and the price of heating oil had dropped by 1.2 percent as well.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: DOWN $0.01
Morning projection (for Friday’s price per gallon): DOWN $0.02
The drop-off in crude and heating oil [...]
Oil Prices Continue to Fall From 2009 Peaks
At 10:15 am EDT, the price of crude had dropped by 1.4 percent to $71.08 a barrel and the price of heating oil had lost 1.3 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: DOWN $0.06
Morning projection (for Thursday’s price per gallon): DOWN $0.01
Investors rushed to cash in on crude and heating [...]
