America's LargestPosts Tagged dollar value
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 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 Dip on Stronger Dollar after Support from Jobs Data
At 9:48 am EDT, the price of crude had fallen by 0.7 percent to $71.47 a barrel and the price of heating oil had dropped by 0.3 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: DOWN $0.02
Morning projection (for Monday’s price per gallon): DOWN $0.01
Oil prices increased sharply first thing this morning [...]
Oil Prices Up Ahead of Inventory Data
At 9:12 am EDT, the price of crude had risen by 0.3 percent to $71.65 a barrel and the price of heating oil had gained 1.5 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 was up slightly and heating oil up [...]
Oil Prices Close Higher on Draw on Crude Inventories
The price of crude gained 3.6 percent to close at $61.54 a barrel and the price of heating oil gained 4.8 percent.
HEAT USA Price Report
Evening projection (for Thursday’s average retail heating oil price per gallon): UP $0.07
US petroleum inventory data released by the EIA this morning showed a greater-than-expected 2.8 million barrel-decline in crude stocks, [...]
Oil Prices Recover on Weaker Dollar, Stock Market Gains
At 9:05 am EDT, the price of crude had risen by 1.6 percent to $61.10 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: DOWN $0.06
Morning projection (for Friday’s average price per gallon): UP $0.01
After six straight losing days, oil prices are [...]
NYMEX Oil Trader Predicts Lower Prices for Remainder of 2009
Many prognosticators expect the price of oil to rise over the rest of the year. This makes sense, as demand for crude will most likely rise if and when the economy picks back up.
However, NYMEX trader Ray Carbone sees it differently. On Wednesday, when interviewed on CNBC, Carbone said that he expects that oil prices [...]
Oil Prices Tumble on Low Consumer Confidence, Stronger Dollar
The price of crude lost 2.4 percent today to close at $69.80 a barrel and the price of heating oil fell by 2.5 percent.
HEAT USA Price Report
Evening projection (for Wednesday’s average retail heating oil price per gallon): DOWN $0.05
Data showing a decline in US consumer confidence in May weighed heavily on oil prices today. Economic [...]
Oil Prices Slip on Product Builds, Stronger Dollar
The price of crude lost 0.8 percent to close at $68.67 a barrel and the price of heating oil fell by 1.7 percent.
HEAT USA Price Report
Evening projection (for Thursday’s average retail heating oil price per gallon): DOWN $0.03
Oil prices ended the day slightly below yesterday’s closing positions after a volatile trading day today, pulled down [...]
Oil Prices Drop on Gasoline Inventory Build
At 9:25 am EDT, the price of crude had fallen by 0.5 percent to $68.87 a barrel and the price of heating oil had given up 0.7 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: UP $0.04
Morning projection (for Thursday’s average retail price per gallon): DOWN $0.03
Data on US inventories of [...]
Oil Prices Up Slightly as Dollar Weakens
At 9:45 am EDT, the price of crude had gained 0.5 percent to reach $67.83 a barrel and the price of heating oil had risen by 0.8 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: DOWN $0.06
Morning projection (for Wednesday’s average price per gallon): DOWN $0.01
Oil prices moved slightly higher this morning [...]
Read More »Oil Prices Dip Slightly on Strong Dollar, Falling Stocks
At 9:14 am EDT, the price of crude had lost 0.3 percent, falling to $70.82 a barrel and the price of heating oil had dropped by 0.7 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: UP $0.04
Morning projection (for Friday’s average price per gallon): UP $0.02
The US dollar made a comeback against [...]
Oil Prices Up on Crude Inventory Draw, Rising Stock Markets, Weaker Dollar
The price of crude gained 0.8 percent to close at $71.04 a barrel and the price of heating oil shot up by 2 percent.
HEAT USA Price Report
Evening projection (for Thursday’s average retail heating oil price per gallon): UP $0.04
After staying below their previous closing prices for most of the day, oil prices reversed course this [...]
Strong Dollar, Profit-Taking, and Waning Optimism Lead Oil Prices Down
The price of crude lost 0.9 percent to close at $72.04, and the price of heating oil fell by 0.9 percent as well.
HEAT USA Price Report
Evening projection (for Monday’s average retail heating oil price per gallon): DOWN $0.02
Oil prices ended lower today, snapping a three-day rally. End-of-week profit taking following oil’s big Tueday through Friday [...]
Oil Prices Slip on Receding Optimism, Stronger Dollar
At 8:57 am EDT, the price of crude had fallen by 2 percent to $71.24 a barrel and the price of heating oil had lost 1.7 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: UP $0.02
Morning projection (for Monday’s average price per gallon): DOWN $0.03
A sort of reality check shot through [...]
Oil Prices Up on Weak Dollar and New Demand Forecast; Crude Closes Above $70
The price of crude gained 2.7 percent to close at $70.01 a barrel and the price of heating oil closed 2 percent higher.
HEAT USA Price Report
Evening projection (for Wednesday’s average retail heating oil price per gallon): UP $0.04
The US dollar stayed weak throughout the trading day today, giving a boost to oil prices. The US [...]
Oil Prices Rise as Dollar Weakens
At 9:06 am EDT, the price of crude had risen by 1.9 percent to $69.41 a barrel and the price of heating oil had gained 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): UP $0.03
The value of the US dollar receded this [...]
Oil Prices End Down Slightly on Stronger Dollar
The price of crude fell 0.5 percent to close at $68.09 a barrel and the price of heating oil dropped by just 0.1 percent.
HEAT USA Price Report
Evening projection (for Tuesday’s average retail heating oil price per gallon): NO CHANGE
A US dollar rapidly gaining value against other currencies kept oil prices low today, with both crude [...]
