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 [...]
Articles Tagged "rising"
Crude Investing News reports crude price fell about 40 cents this week. Weak crude demand and rising inventories have kept prices from rising higher. Storage facilities for crude oil in the U.S. have been swelling since the end of February, bloating to a nearly 19-year high last week. The signs were clear though. U.S. fuel [...]
Gas Investing News reports natural gas futures is within a range of $7.25-$7.50 which is good news for investors since winter is approaching. Structural factors suggest that natural gas will become dearer in winter, especially if the current low prices have a significant effect on high-cost or marginal production. This seems to be the rationale for the rise in [...]