BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Oil Continues to Head Higher on Jobless Claims]]>http://www.bloggingstocks.com/2010/09/30/oil-continues-to-head-higher-on-jobless-claims/http://www.bloggingstocks.com/2010/09/30/oil-continues-to-head-higher-on-jobless-claims/http://www.bloggingstocks.com/2010/09/30/oil-continues-to-head-higher-on-jobless-claims/#commentsFiled under: , , , , ,

After a strong day yesterday for oil prices, the precious crude has had another strong showing today, rising $2.04 a barrel to $79.90, and was trading above the psychological $80 mark earlier in the day.

One of the main catalysts pushing oil prices higher today was a better than expected jobs report from the U.S. Labor Department that showed that first time jobless claims were lower than expected last week.

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Oil Continues to Head Higher on Jobless Claims originally appeared on BloggingStocks on Thu, 30 Sep 2010 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>80 oilcrudefeaturedgasolineinthenewsjobless claimsoiloil pricesunemploymentThu, 30 Sep 2010 16:40:00 EST<![CDATA[Oil Gives Back Some Gains]]>http://www.bloggingstocks.com/2010/03/10/oil-gives-back-some-gains/http://www.bloggingstocks.com/2010/03/10/oil-gives-back-some-gains/http://www.bloggingstocks.com/2010/03/10/oil-gives-back-some-gains/#commentsFiled under: , , ,

rising oil pricesOil is trading higher on the day, but prices have fallen a good bit from the high they hit immediately following this week's inventory report.

Prices rose as high as $83.03 a barrel, and are currently trading at $81.97, up $0.48.

The reason why prices spiked so much following the report was the initial reaction to the smaller than expected rise in crude reserves. Analysts had been looking to see a jump of 2.1 million barrels last week, but the report indicated that inventories rose by a much smaller 1.4 million barrels.

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Oil Gives Back Some Gains originally appeared on BloggingStocks on Wed, 10 Mar 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>80 oil80OilChevronConocoPhillipCOPCVXExxonMobilinthenewsoiloil inventoriesoil pricesoil reservesOPECrising oilXOMWed, 10 Mar 2010 17:00:00 EST<![CDATA[Oil Closes Above $80]]>http://www.bloggingstocks.com/2010/03/03/oil-closes-above-80/http://www.bloggingstocks.com/2010/03/03/oil-closes-above-80/http://www.bloggingstocks.com/2010/03/03/oil-closes-above-80/#commentsFiled under: , , , ,

rising oil pricesOver the past week, oil prices have been flirting with the psychological $80 barrier, and they were finally able to settle above $80 Wednesday. Oil traded up $1.26 a barrel to $80.94.

Earlier today, we got the weekly inventory report from the Department of Energy, which showed a greater-than-expected jump in reserves last week. The report showed that oil inventories grew by four million barrels, which was well above the one-million-barrel increase that analysts had forecast.

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Oil Closes Above $80 originally appeared on BloggingStocks on Wed, 03 Mar 2010 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>80 oil80OilAutomatic Data ProcessingAutomaticDataProcessingcurrenciescurrencydollaremploymenteurointhenewsjob lossesJobLossesjobslaboroiloil pricesOilPricesWed, 03 Mar 2010 17:30:00 EST