Gasoline Prices Slid, Crude Stockpiles Climb 369 million barrels
Gasoline prices for May delivery slid 3.13 cents, or 1 percent, to $3.2027 a gallon on the New York Mercantile Exchange yesterday. That’s the lowest closing price in seven weeks. Oil in New York has technical support along its 100-day moving average, around $101.93 a barrel today, according to data compiled by Bloomberg. Futures have [...]
Tags:gas prices, gasoline prices, may gas delivery, new york oil market, oil inventories, oil technical support Gas | April 19, 2012
Oil Futures Prices Decline two weeks, U.S. Supplies Gained 3.9 million Barrels
Oil futures were little changed after declining the most in two weeks yesterday. U.S. supplies gained 3.9 million barrels last week, Energy Department data showed. The median forecast in a Bloomberg News survey of analysts was for an increase of 1.8 million barrels. Prices also dropped after Iraq’s deputy prime minister for energy said the [...]
Tags:2012 oil trader, brent oil june 2012, oil futures prices, us oil stockpile, us oil supply Oil | April 19, 2012
Oil prices Climb, Crude Oil for May delivery Rose 68 cents
Oil prices climbed after US consumer sentiment and spending gained and Euro area agreed to boost rescue funds. Oil futures prices increase 0.9 % and crude oil for May delivery rose 68 cents or about 0.7 %, to USD 103.46 per barrel on NYME. Brent oil for May settlement gained 81 cents, or 0.7 percent, [...]