America's LargestPosts Tagged markets
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 Fall as Crude Inventories Rise
At 8:52 am EDT, the price of crude had fallen 2.2 percent to $65.75 a barrel and the price of heating oil had lost 1 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
Preliminary data on petroleum inventories drove down crude and [...]
Oil Prices Close Lower on Nigeria Cease-Fire, Falling Stock Market
The price of crude fell 1.6 percent to $69.14 a barrel and the price of heating oil lost 2.3 percent.
HEAT USA Price Report
Evening projection (for Monday’s average retail heating oil price per gallon): DOWN $0.04
The recent flare-up of rebel attacks on oil infrastructure in Nigeria will likely come to a close, as a 60-day cease-fire [...]
Oil Prices Plunge on Grim Economic Outlook
The price of crude fell 3.8 percent to close at $66.93 a barrel and the price of heating oil lost 3.3 percent.
HEAT USA Price Report
Evening projection (for Tuesday’s average retail heating oil price per gallon): DOWN $0.06
Oil prices fell sharply today, bringing crude to its lowest closing price in two weeks. The optimism that had [...]
Gasoline Sell-Off Pulls Down Oil Prices
The price for a barrel of crude fell 2.3 percent to close at $69.71 and the price of heating oil dropped by 2.4 percent.
HEAT USA Price Report
Evening projection (for Monday’s average retail heating oil price per gallon): DOWN $0.04
Gasoline futures prices fell by almost seven percent today, as traders unloaded gas contracts following a major [...]
Oil Prices Rise on Nigerian Violence, Return of Economic Optimism
At 9:45 am EDT, the price of crude had gained 0.8 percent to reach $71.95 a barrel and the price of heating oil had risen by 0.8 percent as well.
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 MEND rebels of the [...]
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 Slip Back After Crude Breaks $70 Barrier
At 9:48 am EDT, the price for a barrel of crude had fallen by 1.4 percent to $67.85 and the price of heating oil had dropped 1.3 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: NO CHANGE
Morning projection (for Monday’s average retail price per gallon): UP $0.01
New US unemployment data lifted oil [...]
Falling Dollar Extends Oil’s Gains; Crude Posts Biggest 1-Month Rise in a Decade
The price of crude rose by 1.9 percent today to close at $66.31 a barrel and the price of heating gained 2.9 percent.
HEAT USA Price Report
Evening projection (for Monday’s average retail heating oil price per gallon): UP $0.05
The positive economic news that drove up oil prices this morning continued to lend support, pushing the price [...]
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 Way Up on Nigeria Violence, Refinery Explosion
The price of crude rose 4.8 percent to close at $59.03 a barrel and the price of heating oil gained 4 percent.
HEAT USA Price Report
Evening projection (for Tuesday’s average retail price per gallon): UP $0.04
Optimism Drives Oil Prices Up Further
The price of crude rose 3.3 percent today, closing at $58.63 a barrel. The price of heating oil increased by 1.6 percent.
HEAT USA Price Report
Evening projection (for Monday’s average retail heating oil price per gallon): UP $0.02
Oil Prices Continue Climb on More Positive Economic News
At 9:03 am EDT, the price of crude had climbed 2.7 percent to $58.24 a barrel and the price of heating oil had risen 2.3 percent.
HEAT USA Price Report
Today’s average retail heating oil price per gallon: UP $0.01
Morning projection (for Monday’s average price per gallon): UP $0.02
Stock Market Gains Help Oil Prices Break Through Swine Flu Ceiling
Oil prices rose this morning for the first time this week, lifted by stock market gains in the US and Europe. The threat of an intensified economic slowdown caused by the spreading swine flu faded from the market after two days of keeping a lid on oil prices. This morning’s gains fit into the recent [...]
Read More »Oil Prices Fall on Unemployment Data, Crude Slips Below $40
598,000 Americans lost their jobs in January, driving the unemployment rate to 7.6%, the highest level sine 1992. The news hit oil prices hard, knocking the price of a barrel of crude below $40 for the first time in over a week. The price of crude had fallen 4% to $39.52 a barrel as of [...]
Read More »Crude and Heating Oil Make Surprise Leap, Post Big Gains
Evidence that OPEC nations are cutting oil output as planned, economic optimism fueled by Obama’s stimulus package, and a resurgent stock market all contributed to a huge increase it the price of crude today, which gained 6.4% to settle at $46.47 a barrel. Forecasts of another cold front set to hit the Midwest and Northeast [...]
Read More »Crude Up, Heating Oil Down at End of Volatile Trading Day
Crude ended an extremely volatile trading day over 2% above its opening price, closing the day at $36.51 a barrel. Heating oil gave up earlier gains to close about 1% under its opening price. Crude and heating oil prices bounced up and down all day long as positive demand news (cold weather and the gas [...]
Read More »New Unemployment Numbers Pull Down Oil Prices
Another round of data showing high unemployment renewed fears of a deep and long recession in the U.S. this morning, helping to pull down oil prices. Payroll statistics showed that 524,000 U.S. jobs were cut in December, and that the national unemployment rate has hit a 16-year high of 7.2%. As of 9:22 [...]
Read More »Crude Down Slightly, Heating Oil Flat as Concern Over Israel’s Gaza Assault Disrupting Supply Passes
Crude oil finished the day down 2% at $39.03 a barrel, and heating oil came out flat, losing just a tenth of a percent. Worries over armed conflict in Gaza causing supply disruptions in the Middle East that spurred yesterday’s rally seem to have passed, from CNNMoney: “But the market’s initial response was ‘emotional,’ [...]
Read More »
