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 rises to record $100.10, closes above $100 on OPEC outlook, refinery fire]]>http://www.bloggingstocks.com/2008/02/19/oil-rises-to-record-100-10-closes-above-99-on-opec-outlook-r/http://www.bloggingstocks.com/2008/02/19/oil-rises-to-record-100-10-closes-above-99-on-opec-outlook-r/http://www.bloggingstocks.com/2008/02/19/oil-rises-to-record-100-10-closes-above-99-on-opec-outlook-r/#commentsFiled under: , ,

Crude oil traded at a record printed trade of $100.10 per barrel Tuesday before closing at $100.01 on talk that OPEC will cut production when it meets March 5.

Other major fuels also rose: heating oil soared 10 cents to $2.75 per gallon, unleaded gasoline vaulted 11 cents to $2.60 per gallon and natural gas gained 30 cents to $8.96 per million BTUs.

In inflation-adjusted terms, oil hit an all-time high of $102.80 per barrel in April 1980.

'So much for the bears'

Oil has rallied more than 15% since the yearly low of $86.99 on January 23, and it's giving oil bears like independent energy trader Jim Dietz fits.

Continue reading Oil rises to record $100.10, closes above $100 on OPEC outlook, refinery fire

Oil rises to record $100.10, closes above $100 on OPEC outlook, refinery fire originally appeared on BloggingStocks on Tue, 19 Feb 2008 16:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredgasolineGDPglobal economyheating oilIranJim DietzJimDietzNozariNYMEXoiloil pricesOPECU.S. economyTue, 19 Feb 2008 16:15:00 EST<![CDATA[Oil jumps above $98 on inventory concerns, Nigerian strife]]>http://www.bloggingstocks.com/2008/01/02/oil-jumps-above-98-on-inventory-concerns-nigerian-strife/http://www.bloggingstocks.com/2008/01/02/oil-jumps-above-98-on-inventory-concerns-nigerian-strife/http://www.bloggingstocks.com/2008/01/02/oil-jumps-above-98-on-inventory-concerns-nigerian-strife/#commentsFiled under: ,

Oil surged above $98 per barrel Wednesday on expectations that U.S. oil stockpiles declined for a seventh consecutive week, Bloomberg News reported Wednesday.

Oil rose $2.31 to $98.29 before pulling back slightly to $97.75, as traders attempted to gauge both U.S. demand and geopolitical factors affecting supply as the new year dawns.

Demand, Nigeria weigh

Independent energy trader Jim Dietz told BloggingStocks Wednesday that unrest in Nigeria is also putting energy traders' moods in a bullish frame of mind.

"We've got the political situation in Nigeria popping up again where 12 people were killed by militants and a near-unanimous consensus that U.S. stock piles will be lower, so that's more than enough to send this oil market higher," Dietz said. "I know it's not what consumers want to hear at the start of a new year, but oil and heating oil prices are heading higher, at least for the short-term."

Heating oil gained about 4 cents to $2.69, while unleaded gasoline rose 5 cents to $2.53 in Wednesday morning trading. Natural gas gained 17 cents to $7.65 per million BTUs.

Continue reading Oil jumps above $98 on inventory concerns, Nigerian strife

Oil jumps above $98 on inventory concerns, Nigerian strife originally appeared on BloggingStocks on Wed, 02 Jan 2008 10:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredgasolinegasoline pricesheating oilheating oil pricesheating systemsJim DietzJimDietzNYMEXoiloil consumptionoil demandoil pricesoil supplyOPECwinterWed, 02 Jan 2008 10:50:00 EST