America's LargestPrice Reports
Oil Prices Climb on IEA’s Revised Demand Figures
As of 8:55 am EST, the price of crude had risen by 1.0 percent to reach $82.92 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 Monday’s average price per gallon): Up $0.03
The IEA increased its estimate for global oil demand in 2010 by 70,000 barrels per day and pointed to growing energy demand in the developing world as the cause. This reassured traders who thought oil prices might fall because of yesterday’s news that China’s inflation had risen, which could be a precursor to shifting monetary policy in China and slower demand growth. A weak dollar also encouraged investors to buy oil futures, since dollar-priced commodities (like crude oil and heating oil) become cheaper for investors holding other currencies when the dollar is weak.
HEAT USA price experts report that oil demand in North America and Europe remains weak, and those regions are the leading consumers of heating oil. However, heating oil prices are following the price of crude upward, despite lack of demand and warming weather.
Oil Prices Sink as China’s Inflation Climbs
As of 9:02 am EST, the price of crude had fallen by 0.7 percent to reach $81.49 a barrel and the price of heating oil had dropped by 0.5 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: Up $0.02
Morning projection (for Friday’s average price per gallon): Down $0.02
Inflation in China hit a [...]
Oil Inches Up Ahead of EIA Inventory Report
As of 8:48 am EST, the price of crude had increased by 0.1 percent to reach $81.56 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: Down $0.02
Morning projection (for Thursday’s average price per gallon): Down $0.03
News from OPEC and China [...]
Oil Prices Drop on Forecasts of Supply Builds
As of 8:45 am EST, the price of crude had fallen by 1.9 percent to reach $80.34 a barrel and the price of heating oil had decreased by 1.7 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 $0.04
After crude oil hit an [...]
Oil Prices Climb on Signs of Recovery, Weak Dollar
As of 8:53 am EST, the price of crude had risen by 0.3 percent to reach $81.76 a barrel 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 $0.03
Morning projection (for Tuesday’s average price per gallon): Up $0.02
The effect of last Friday’s [...]
Oil Prices Rise on Jobs Report
As of 9:06 am EST, the price of crude had increased by 1.5 percent to reach $81.41 a barrel and the price of heating oil had climbed by 1.1 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: Down $0.02
Morning projection (for Monday’s average price per gallon): Up $0.03
The Labor Department released its [...]
Oil Prices Fall as Dollar Rises
As of 9:04 am EST, the price of crude had declined by 0.2 percent to reach $80.71 a barrel and the price of heating oil had dropped by 0.5 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: Up $0.03
Morning projection (for Friday’s average price per gallon): Down $0.02
Oil markets were unmoved by [...]
Oil Prices Climb on Weak Dollar Ahead of EIA Report
As of 8:56 am EST, the price of crude had increased by 0.8 percent to reach $80.34 a barrel and the price of heating oil had risen by 1.1 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): Up $0.03
A weak dollar pushed oil [...]
Oil Prices Follow Stock Market Gains
As of 9:05 am EST, the price of crude had risen by 0.5 percent to reach $79.09 a barrel and the price of heating oil had increased by 0.6 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: Down $0.01
Morning projection (for Wednesday’s average price per gallon): Up $0.01
The price of crude and [...]
Oil Prices Climb on Dollar, Chile’s Earthquake
As of 9:14 am EST, the price of crude had risen by 0.7 percent to reach $80.23 a barrel and the price of heating oil had increased by 1.2 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: Up $0.04
Morning projection (for Tuesday’s average price per gallon): Up $0.03
Oil prices continued to rally [...]
Oil Prices Rise on Revised GDP Figures
As of 9:18 am EST, the price of crude had increased by 0.8 percent to reach $78.80 a barrel and the price of heating oil had climbed by 0.7 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: Down $0.05
Morning projection (for Monday’s average price per gallon): Up $0.02
The Commerce Department said that [...]
Oil Prices Fall on Strong Dollar, Growing Jobless Claims
As of 8:57 am EST, the price of crude had dropped by 1.5 percent to reach $78.82 a barrel and the price of heating oil had fallen by 1.3 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: Up $0.01
Morning projection (for Friday’s average price per gallon): Down $0.04
Concerns over economic recovery in [...]
Oil Prices Edge Downward Ahead of Inventory Data
As of 8:51 am EST, the price of crude had declined by 0.1 percent to reach $78.80 a barrel and the price of heating oil had dipped by 0.1 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): Down $0.03
There was little change in [...]
Oil Prices Fall on German Economic Worries
As of 8:57 am EST, the price of crude had dropped by 1.5 percent to reach $79.07 a barrel and the price of heating oil had fallen by 1.5 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): Down $0.04
The price of crude and [...]
Oil Prices Climb on Refinery Strike in France
As of 8:53 am EST, the price of crude had risen by 0.1 percent to reach $79.90 a barrel 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 Tuesday’s average price per gallon): Up $0.02
Workers at Total’s French refineries [...]
Oil Prices Rise on Consumer Price Report
As of 9:11 am EST, the price of crude had climbed by 0.5 percent to reach $79.46 a barrel and the price of heating oil had increased by 0.5 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: Up $0.04
Morning projection (for Monday’s average price per gallon): Up $0.02
Oil markets have fluctuated today [...]
Oil Prices Fall on Jobless Claims, API Data
As of 8:52 am EST, the price of crude had dropped by 0.8 percent to reach $76.68 a barrel and the price of heating oil had declined by 1.1 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: Up $0.01
Morning projection (for Friday’s average price per gallon): Down $0.04
An increase in the number [...]
Oil Prices Fluctuate on Stock Market Gains, Dollar’s Strength
As of 9:06 am EST, the price of crude had increased by 0.1 percent to reach $77.09 a barrel and the price of heating oil had risen by 0.1 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: Up $0.08
Morning projection (for Thursday’s average price per gallon): Down $0.02
Gains in global stock markets [...]
Oil Prices Surge on Strong Euro
As of 9:06 am EST, the price of crude had risen by 2.5 percent to reach $76.01 a barrel and the price of heating oil had climbed by 2.3 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): Up $0.04
As Europe’s finance ministers worked [...]
Oil Prices Steady as Presidents’ Day, Lunar New Year Close Markets
As of 9:39 am EST, the price of crude had risen by 0.2 percent to reach $74.26 a barrel and the price of heating oil had was unchanged.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: Down $0.04
Morning projection (for Tuesday’s average price per gallon): No Change
With markets closed in the US because [...]
