America's LargestPosts Tagged recession
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 [...]
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 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 [...]
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 [...]
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 »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 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 [...]
Crude Down, Heating Oil Up as Inventory Report Sinks In
At 9:43 am EDT, the price of crude had fallen by 0.6 percent to $71.57 a barrel and the price of heating oil had gained 0.2 percent.
HEAT USA Price Report
Today’s average retail price per gallon: NO CHANGE (from 2 pm yesterday)
Morning projection (for Friday’s average price per gallon): UP $0.01
The effects of yesterday’s EIA inventory [...]
Read More »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 [...]
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 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 [...]
Oil Prices Erase Gains as Optimism Wears Off
The price of crude closed 0.5 percent lower today at $59.52 a barrel and the price of heating rose just 0.3 percent.
HEAT USA Price Report
Evening projection (for Wednesday’s average retail heating oil price): NO CHANGE
Stock markets held onto most of their gains today, but oil prices slipped, closing near their opening positions. Signs that the [...]
Read More »Oil Prices Continue Decline on Recovery Concerns
The price of crude gave up 0.3 percent today to close at $59.69 a barrel and the price heating oil dropped by 2 percent.
HEAT USA Price Report
Evening projection (for Tuesday’s average retail heating oil price per gallon): DOWN $0.03
The gloomy state of the world economy held oil prices down again today as a “correction” of [...]
Oil Prices Slip Again With No Economic Recovery in Sight
At 9:11 am EDT, the price of crude had fallen by 0.9 percent to $59.33 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: DOWN $0.02
Morning projection (for Tuesday’s price per gallon): DOWN $0.02
The optimistic exuberance that helped drive crude oil prices [...]
