Articles Tagged "gasoline"

Advantage: Crude

Crude Investing News reports crude oil fell due to inventories. Inventories of crude oil dropped 978,000 barrels to 337.4 million, the report showed. A 2 million-barrel gain was forecast by analysts. Supplies are 10 per cent above average. Imports fell 4.6 per cent to 9.1 million barrels a day last week. At just under $70 [...]

Crude oil headed for $71.55 a barrel

Crude Investing News reports crude oil did well for about 4 days and fell on Tuesday. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year. After nose-diving from [...]

The relation between gold price and oil price

Crude Investing News reports crude oil prices regained its momentum to about $45 per barrel. However, some experts are of the view that this is not just speculation but real purchases driving the prices up. China is said to be considering buying crude oil as part of its strategy to diversify holdings from US Treasuries. [...]

Benchmark: Things fall apart?

Crude Investing News reports instability in the financial markets causing crude prices to fall and the American Elections underway. Along with OPEC production cuts and healthy company numbers, (both discussed below) the market is clearly disjointed. The tenor of discussions in the business pages and networks lately suggests that Yeats was right, and the centre cannot [...]

South Parse: focus on Iraq

Gas Investing News reports on oil and gas prices just after the Gustav’s passing onto the Gulf of Mexico. NYMEX futures showed light crude taking a body blow, while natural gas seemed to largely shrug off the news. Part of this is the onset of autumn’s cooler weather and the coming demand increase for home [...]