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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 [...]
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 [...]
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 [...]
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 [...]
Positive Economic News Drives Up Oil Prices
At 9:34 am EDT, the price of crude had gained 1.3 percent to reach $71.10 a barrel and the price of heating oil had risen by 1.2 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: NO CHANGE
Morning projection (for Friday’s average price per gallon): UP $0.03
Fresh data from Europe showed that the [...]
Read More »Heating Oil Prices Flat After Inventory Data and IEA Demand Forecast, Crude Oil Up Along With Stock Markets
At 11:51 am EDT the price of crude had gained 1.8 percent to reach $70.68 a barrel and the price of heating oil had fallen by 0.1 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: DOWN $0.01
Morning projection (for Thursday’s average price): NO CHANGE
Oil prices hovered near Tuesday’s closing positions this morning, [...]
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 Drop as US Economy Shrinks
At 8:56 am EDT, the price of crude had slipped by 1 percent to $66.28 a barrel and the price of heating oil had lost 1.2 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: UP $0.04 from yesterday at 12pm
Morning projection (for Monday’s price per gallon): DOWN $0.03
Oil prices dropped slightly [...]
Prediction: CFTC Will Limit Oil Speculation, and Heating Oil Prices Will Stabilize
By Josh Garrett, editor of The HEAT Zone
The Wall Street Journal reported this morning that, as part of its review of oil price volatility in recent months, the Commodities Futures Trading Commission will release a report next month that identifies speculation as the main cause of last year’s spike in oil prices.
With the CFTC hearings [...]
Oil Prices End Rally on Weak Economic Data, Slipping Stock Markets
At 8:54 am EDT, the price of crude had lost 0.7 percent to move to $67.91 a barrel and the price of heating oil had fallen by 0.6 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 $0.02
After posting nine consecutive says of gains, [...]
Oil Prices Stay Flat After Weak Corporate Earnings Reports
At 11:17 am EDT, the price of crude had risen just 0.2 percent to $68.19 a barrel and the price of heating oil had gained 0.5 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: UP $0.02
Morning projection (for Tuesday’s average price per gallon): NO CHANGE
Following a week of major gains that came [...]
Oil Prices Currently Flat, but Could Post Longest Rally of 2009
At 9:36 am EDT, the price of crude had fallen by 0.1 percent to $67.10 and the price of heating oil had gained 0.5 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: UP $0.06 from yesterday and $0.14 from Monday
Morning projection (for Monday’s average price per gallon): UP $0.01
Crude and heating oil [...]
Oil Companies Merging in Preparation for Economic Recovery and Surge in Demand
Traders have speculated that Royal Dutch Shell has an interest in buying out Heritage Oil, a Canadian-based exploration company, the UK Guardian reported yesterday. However, just weeks ago, Heritage announced that it had reached a deal to purchase Turkey’s Genel Energy.
Such is life in the oil exploration industry, where mergers and buyouts have become commonplace [...]
Obama Gives Nod to Importance of Ghana’s Oil Reserves in Speech
Last week, President Barack Obama delivered a well-received speech in Accra, the capital of Ghana. In his remarks, Obama discussed many issues, ranging from the importance of democracy to the tragedy of the continent’s HIV/AIDS crisis, the Canadian newspaper The Globe and Mail reported on Sunday.
Obama’s speech totaled close to 4,000 words. But it’s one [...]
