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[Brent Crude Oil Explodes to $120 Per Barrel]]>http://www.bloggingstocks.com/2011/04/04/brent-crude-oil-explodes-to-120-per-barrel/http://www.bloggingstocks.com/2011/04/04/brent-crude-oil-explodes-to-120-per-barrel/http://www.bloggingstocks.com/2011/04/04/brent-crude-oil-explodes-to-120-per-barrel/#commentsFiled under: , , , , , ,

The Wall Street Journal posted oil production numbers for March that disclose the shortfall from the Libyan conflict. When the news hit the tape, Brent Crude exploded to the upside trading at $120.17 per barrel, up $1.47 (12:45 EDT.)

Here are the stats:
  • OPEC production fell 411,000 barrels per day to 29,343 million bpd.
  • Libya's production fell 343,000 barrels per day, from 1,396,000 bpd.
  • Nigeria fell 107,000 barrels per day due to Royal Dutch (RDS) Oil maintenance.
To make up for the shortfall, Saudi Arabia increased production by 500,000 barrels per day to 9.05 million bpd. Kuwait upped production by 37,000 barrels per day. Arab Emirates increased their production by 90,000 barrels per day.

Here's the real kicker. OPEC's seaborne exports are expected to fall by 530,000 barrels per day in the next four weeks.

Continue reading Brent Crude Oil Explodes to $120 Per Barrel

Brent Crude Oil Explodes to $120 Per Barrel originally appeared on BloggingStocks on Mon, 04 Apr 2011 15:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Arab EmiratesArabEmiratescommoditiesgasoline pricesGasolinePricesHeadline newsinternational marketsInternationalMarketsinthenewsKuwaitLibyaoil OP productionOilOpProductionPrice hikePriceHikeMon, 04 Apr 2011 15:00:00 EST<![CDATA[Consumer Confidence Hits Three-Month Low]]>http://www.bloggingstocks.com/2011/03/29/consumer-confidence-hits-three-month-low/http://www.bloggingstocks.com/2011/03/29/consumer-confidence-hits-three-month-low/http://www.bloggingstocks.com/2011/03/29/consumer-confidence-hits-three-month-low/#commentsFiled under: , , , , ,

consumer confidenceConsumer confidence fell more than expected during the month of March, hitting a new three-month low as high gasoline prices weigh on the minds on consumers.

The Conference Board's consumer confidence index read 74 during February, but dipped in March all the way down to 63.4. Going into today's reading, analysts had been expecting to see the consumer confidence index decline, but only to 65.

Continue reading Consumer Confidence Hits Three-Month Low

Consumer Confidence Hits Three-Month Low originally appeared on BloggingStocks on Tue, 29 Mar 2011 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>confidenceconsumer confidenceconsumersgasgas pricesgasolinegasoline priceshousinghousing marketinthenewsreal estateTue, 29 Mar 2011 16:00:00 EST<![CDATA[Brent Crude Hits $116 per Barrel]]>http://www.bloggingstocks.com/2011/03/07/brent-crude-116-per-barrel/http://www.bloggingstocks.com/2011/03/07/brent-crude-116-per-barrel/http://www.bloggingstocks.com/2011/03/07/brent-crude-116-per-barrel/#commentsFiled under: , ,

Middle East unrestThe game is changing. It's time to play defense. Two weeks ago the U.S. stock market was in a bullish trend with no end in sight. Now international events are taking center stage. How long the markets can ignore these events is the question of the day.

Brent crude oil is trading at $116 per barrel. This has serious implications for the U.S. economy. If you recall, when oil spiked in 2008, it was a major factor in the recession that followed. People simply could not afford the price of gas and slowed their driving dramatically. We must remember that many people commute 50 to 70 miles a day just to go to work. The money is coming out of the household budget. Some people spend more in gas than they do working, especially if they work part time.

Continue reading Brent Crude Hits $116 per Barrel

Brent Crude Hits $116 per Barrel originally appeared on BloggingStocks on Mon, 07 Mar 2011 11:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Brent crudeEgypt protestsETFsgasoline pricesinthenewsLibyaMiddle East unrestQQQQSPYMon, 07 Mar 2011 11:40:00 EST<![CDATA[OPEC Quietly Raises Production; Oil Rally May Stall]]>http://www.bloggingstocks.com/2011/01/19/opec-quietly-raises-production-oil-rally-may-stall/http://www.bloggingstocks.com/2011/01/19/opec-quietly-raises-production-oil-rally-may-stall/http://www.bloggingstocks.com/2011/01/19/opec-quietly-raises-production-oil-rally-may-stall/#commentsFiled under: , , , ,

The oil market has been in the hands of the bulls. The talk on Wall Street is of $100 per barrel oil. Traders are betting that OPEC will not raise production. In 2008, when oil spiked to $147 per barrel, OPEC was stretched to the limit. Now the situation is different.

The price of oil is reaching a critical point. The oil spike of 2008 was a factor in setting off the Great Recession. Many fear that "demand destruction" -- a permanent downward shift in demand -- could take hold again. The price of oil and the price of gasoline are nearing a point where they are pulling too many dollars out of household budgets. Gas at the pump is close to $3.50 per gallon. If you recall, when gas moved from $3.50 to $4.00, it forced consumers to cut back on their driving and thus brought prices back down.There is an added problem: Our economy is still fragile. A spike in the price of oil could slow growth this year.

Continue reading OPEC Quietly Raises Production; Oil Rally May Stall

OPEC Quietly Raises Production; Oil Rally May Stall originally appeared on BloggingStocks on Wed, 19 Jan 2011 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>100 oil per barrelcommoditiescrude oil pricesfeaturedgasoline pricesinthenewsoil industryoil international marketsoil pricesOPEC oil outputWed, 19 Jan 2011 10:00:00 EST<![CDATA[Brent Crude Oil Trading at $98.00 per Barrel]]>http://www.bloggingstocks.com/2011/01/12/brent-crude-oil-trading-at-98-00-per-barrel/http://www.bloggingstocks.com/2011/01/12/brent-crude-oil-trading-at-98-00-per-barrel/http://www.bloggingstocks.com/2011/01/12/brent-crude-oil-trading-at-98-00-per-barrel/#commentsFiled under: , , ,

oil pipelineThe story of the day is about oil. February contracts for Brent crude are trading at $98.03 per barrel, up 74 cents as of 10:15 a.m. EDT. The U.S. benchmark West Texas Intermediate crude (WTI) is trading at $91.85 per barrel, up 42 cents. Brent crude is used primarily in Europe. The drive to $100 per barrel is due in part to severe winter conditions in Europe.

Here in the U.S., the Alaskan Pipeline, which has been closed since Saturday, has reopened but at a reduced rate. U.S. stockpiles fell 1.4 million barrels from, 335.3 million in the week ended January 7. This data was based on 17 analysts polled by Bloomberg News.

Continue reading Brent Crude Oil Trading at $98.00 per Barrel

Brent Crude Oil Trading at $98.00 per Barrel originally appeared on BloggingStocks on Wed, 12 Jan 2011 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Alaska pipelineAmerican Petroleum InstituteBrent crudecrude oil futuresgas pricesgasoline pricesinthenewsoiloil pricesWest Texas IntermediateWTIWed, 12 Jan 2011 12:00:00 EST<![CDATA[To Hedge Against Rising Oil/Gasoline Prices, Consider Oil Company Shares]]>http://www.bloggingstocks.com/2010/12/22/to-hedge-against-rising-oil-gasoline-prices-consider-oil-compan/http://www.bloggingstocks.com/2010/12/22/to-hedge-against-rising-oil-gasoline-prices-consider-oil-compan/http://www.bloggingstocks.com/2010/12/22/to-hedge-against-rising-oil-gasoline-prices-consider-oil-compan/#commentsFiled under: , ,

Oil rose above $90 per barrel on Wednesday, and the average U.S. price for unleaded regular topped $3 per gallon. Moreover, with the U.S. economic recovery likely to strengthen in 2011, and will strong emerging market GDP growth gobbling up more barrels of oil, both oil and gasoline prices are likely to rise further next year.

That's good news for investors in most oil stocks, but bad news for U.S. consumers, particularly motorists. However, the view from here argues that one should not dabble in the futures market to try to hedge against rising oil prices. The price of oil is influenced by more than 10 variables, and unless you're prepared to lose up to $500 per day, you're probably going to be at a trading disadvantage.

Continue reading To Hedge Against Rising Oil/Gasoline Prices, Consider Oil Company Shares

To Hedge Against Rising Oil/Gasoline Prices, Consider Oil Company Shares originally appeared on BloggingStocks on Wed, 22 Dec 2010 15:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>gasoline pricesinthenewsMarathon OilMROmurphy oiloil pricesWed, 22 Dec 2010 15:30:00 EST<![CDATA[Oil's Price Approaches the 'Danger Zone']]>http://www.bloggingstocks.com/2010/12/06/oil-s-price-approaches-the-danger-zone/http://www.bloggingstocks.com/2010/12/06/oil-s-price-approaches-the-danger-zone/http://www.bloggingstocks.com/2010/12/06/oil-s-price-approaches-the-danger-zone/#commentsFiled under: , ,

Investors -- certainly U.S. stock investors -- would be wise to keep one eye on the price of oil, currently pushing $90 per barrel. Oil traded up 10 cents to $89.29 on Monday at mid-day.

And the reason is obvious enough: once again, oil is approaching the danger zone, from a U.S. GDP growth standpoint.

No one knows precisely at what point oil begins to substantially hinder consumer spending and slow commercial activity -- but this much is known: every $1 per barrel rise in oil decreases U.S. GDP by $100 billion per year and every 1 cent increase in gasoline decreases U.S. consumer disposable income by about $600 million per year.

Continue reading Oil's Price Approaches the 'Danger Zone'

Oil's Price Approaches the 'Danger Zone' originally appeared on BloggingStocks on Mon, 06 Dec 2010 13:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>consumer spendinggasoline pricesGDPgross domestic productinthenewsoil pricesU.S. economyMon, 06 Dec 2010 13:30:00 EST<![CDATA[IEA Says China Demand Likely to Push Oil Permanently over $100 After 2015]]>http://www.bloggingstocks.com/2010/11/09/iea-says-china-demand-likely-to-push-oil-permanently-over-100-a/http://www.bloggingstocks.com/2010/11/09/iea-says-china-demand-likely-to-push-oil-permanently-over-100-a/http://www.bloggingstocks.com/2010/11/09/iea-says-china-demand-likely-to-push-oil-permanently-over-100-a/#commentsFiled under: , , ,

China's rapidly growing economy and its implied increase in energy consumption will be among the most important factors propelling the price of oil higher, says a key energy analysis firm.

What's more, almost half of the net growth in global oil demand through 2035 will come from China, and the Asian giant will be chief among the factors that push the price of crude over $100 per barrel after 2015, permanently, and then and over $200 per barrel by 2035, according to research compiled by the International Energy Agency, dw-world-de reported Tuesday.

Continue reading IEA Says China Demand Likely to Push Oil Permanently over $100 After 2015

IEA Says China Demand Likely to Push Oil Permanently over $100 After 2015 originally appeared on BloggingStocks on Tue, 09 Nov 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredgasoline pricesIEAinthenewsoil pricesTue, 09 Nov 2010 17:00:00 EST<![CDATA[Oil Analyst Forecasts $100 per Barrel Oil]]>http://www.bloggingstocks.com/2010/11/04/oil-100-per-barrel-oil/http://www.bloggingstocks.com/2010/11/04/oil-100-per-barrel-oil/http://www.bloggingstocks.com/2010/11/04/oil-100-per-barrel-oil/#commentsFiled under: , , ,

gas pricesFrancisco Blanch, global head of commodity research at Bank of America/Merrill Lynch, stated in the Financial Times that his forecast is for oil prices to move above $90 per barrel, then to $100 per barrel.

With more stimulus from the Fed, more dollars will be sloshing around the world. This gives a boost to oil demand and then higher prices. QE2 is scheduled to continue into 2011, which will support oil prices into next year.

Continue reading Oil Analyst Forecasts $100 per Barrel Oil

Oil Analyst Forecasts $100 per Barrel Oil originally appeared on BloggingStocks on Thu, 04 Nov 2010 12:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Francisco Blanchgasoline pricesinthenewsoil pricesOPECThu, 04 Nov 2010 12:30:00 EST<![CDATA[OPEC's $100 Oil Goal Could Short Circuit U.S. Recovery]]>http://www.bloggingstocks.com/2010/10/15/opec-s-100-oil-goal-could-short-circuit-u-s-recovery/http://www.bloggingstocks.com/2010/10/15/opec-s-100-oil-goal-could-short-circuit-u-s-recovery/http://www.bloggingstocks.com/2010/10/15/opec-s-100-oil-goal-could-short-circuit-u-s-recovery/#commentsFiled under: , , ,

One thing OPEC can never be accused of is: being a bastion of economic stimulus.

An OPEC official said some members of the group are calling for a $100 per barrel oil price, due to the dollar's recent weakening. Oil is priced in dollars.

Venezuelan Energy and Oil Minister Rafael Ramirez told Bloomberg News the recent fall in the dollar means the "real price" of oil is $20 less than current levels, justifying a $100 price. Oil closed down $1.43 to $81.26 per barrel Friday.

Continue reading OPEC's $100 Oil Goal Could Short Circuit U.S. Recovery

OPEC's $100 Oil Goal Could Short Circuit U.S. Recovery originally appeared on BloggingStocks on Fri, 15 Oct 2010 16:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredgasoline pricesinthenewsoil pricesOPECFri, 15 Oct 2010 16:30:00 EST<![CDATA[Hedge Funds Dump Natural Gas Contracts]]>http://www.bloggingstocks.com/2010/10/04/hedge-funds-dump-natural-gas-contracts/http://www.bloggingstocks.com/2010/10/04/hedge-funds-dump-natural-gas-contracts/http://www.bloggingstocks.com/2010/10/04/hedge-funds-dump-natural-gas-contracts/#commentsFiled under:

Hedge funds have the money and leverage to place large bets in commodities. This year, in particular, hedge funds have stepped up their exposure to commodities. Gold is a good example. Hedge funds have moved aggressively on the buy side during this past year.

More than ever, the movement of funds by hedge funds is controlling commodity prices. Hedge funds dumped 25% of their positions in natural gas in the week ending Sept. 28, as reported in BusinessWeek.

The commodity exchanges publish a commitment of traders report, which tracks the number of long and short contracts. Net long positions fell by 17,373 to 51,306.

Continue reading Hedge Funds Dump Natural Gas Contracts

Hedge Funds Dump Natural Gas Contracts originally appeared on BloggingStocks on Mon, 04 Oct 2010 09:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>featuredgasoline priceshedge fundsinthenewsnatural gasspeculatorsMon, 04 Oct 2010 09:30:00 EST<![CDATA[A Moderate Gas Price for Labor Day: Enjoy It While It Lasts]]>http://www.bloggingstocks.com/2010/09/03/a-moderate-gas-price-at-labor-day-enjoy-it-while-it-lasts/http://www.bloggingstocks.com/2010/09/03/a-moderate-gas-price-at-labor-day-enjoy-it-while-it-lasts/http://www.bloggingstocks.com/2010/09/03/a-moderate-gas-price-at-labor-day-enjoy-it-while-it-lasts/#commentsFiled under: ,

gas pricesIt's been a trying summer for many Americans, with a job market that's underperforming, and a listless Dow that's exhibited sideways action for three months, but there has been one encouraging trend of late: gasoline prices.

Although at an average U.S. price of $2.70 per gallon for regular unleaded and about 4% higher than last Labor Day, 'the trend has been the motorist's friend,' as they say on Wall Street, with prices moving lower, with a few hiccups, essentially since spring. In early May, the average price for unleaded regular hit $2.78 per gallon.

Continue reading A Moderate Gas Price for Labor Day: Enjoy It While It Lasts

A Moderate Gas Price for Labor Day: Enjoy It While It Lasts originally appeared on BloggingStocks on Fri, 03 Sep 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredgasoline pricesinthenewslabor day weekendoiltransportationFri, 03 Sep 2010 17:00:00 EST<![CDATA[U.S. Gasoline Prices Likely to Fall in Weeks Ahead]]>http://www.bloggingstocks.com/2010/08/24/u-s-gasoline-prices-likely-to-fall-in-weeks-ahead/http://www.bloggingstocks.com/2010/08/24/u-s-gasoline-prices-likely-to-fall-in-weeks-ahead/http://www.bloggingstocks.com/2010/08/24/u-s-gasoline-prices-likely-to-fall-in-weeks-ahead/#commentsFiled under: ,

To say there's been a spate of less-than-pleasant news regarding the U.S. economy lately would be an understatement. Initial jobless claims, existing home sales, and consumer confidence metrics are all trending in the wrong direction, from a rising GDP growth goal standpoint.

But there is one, encouraging stat investors, and drivers, can point to: Wholesale regular unleaded gasoline prices, which have plunged about 35 cents per gallon in the last month, from a high near $2.20 per gallon to about $1.85 per gallon on Tuesday at mid-day.

Continue reading U.S. Gasoline Prices Likely to Fall in Weeks Ahead

U.S. Gasoline Prices Likely to Fall in Weeks Ahead originally appeared on BloggingStocks on Tue, 24 Aug 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredgasoline pricesinthenewsoil pricesTue, 24 Aug 2010 17:00:00 EST<![CDATA[Oil Drops to $75 on Plunging U.S. Consumer Confidence]]>http://www.bloggingstocks.com/2010/06/29/oil-drops-to-75-on-plunging-u-s-consumer-confidence/http://www.bloggingstocks.com/2010/06/29/oil-drops-to-75-on-plunging-u-s-consumer-confidence/http://www.bloggingstocks.com/2010/06/29/oil-drops-to-75-on-plunging-u-s-consumer-confidence/#commentsFiled under: ,

The oil market's bears regained control Tuesday, but as they say in the oil trading pits, 'for now,' or 'stay tuned.'

Oil plunged $2.54 to $75.54 per barrel Tuesday afternoon, as the threat from Tropical Storm Alex to the Gulf of Mexico's energy infrastructure waned and after U.S. consumer confidence plunged on the job market's woes, Reuters reported Tuesday.

Today's data points support the oil bears argument that the economic recovery is underway but may slow, limiting oil demand growth, and when combined with ample supplies, will lead to a lower oil price, moving forward.

Continue reading Oil Drops to $75 on Plunging U.S. Consumer Confidence

Oil Drops to $75 on Plunging U.S. Consumer Confidence originally appeared on BloggingStocks on Tue, 29 Jun 2010 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>gasoline pricesoil pricesOPECTue, 29 Jun 2010 17:30:00 EST<![CDATA[Gas Prices, Down 20 Cents in a Month, May Have Bottomed]]>http://www.bloggingstocks.com/2010/06/11/gas-prices-down-20-cents-in-a-month-may-have-bottomed/http://www.bloggingstocks.com/2010/06/11/gas-prices-down-20-cents-in-a-month-may-have-bottomed/http://www.bloggingstocks.com/2010/06/11/gas-prices-down-20-cents-in-a-month-may-have-bottomed/#commentsFiled under:

If you're a motorist, the glass is either half-full or half-empty, depending on whether you tend to see the bright side or the not-so-bright side of circumstances.

On the bright side, gasoline prices have fallen about 20 cents in the past month, to a U.S. average of $2.72 per gallon for regular unleaded, according to data compiled by AAA, The Associated Press reported. Average prices are higher in such high-cost areas as New York City, Boston, Los Angeles, and San Francisco.

Continue reading Gas Prices, Down 20 Cents in a Month, May Have Bottomed

Gas Prices, Down 20 Cents in a Month, May Have Bottomed originally appeared on BloggingStocks on Fri, 11 Jun 2010 14:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>gas prices may have bottomedgasoline pricesinthenewsoil pricesFri, 11 Jun 2010 14:00:00 EST<![CDATA[Is It Time for a Tax Credit for Gasoline?]]>http://www.bloggingstocks.com/2010/05/25/is-it-time-for-a-tax-credit-for-gasoline/http://www.bloggingstocks.com/2010/05/25/is-it-time-for-a-tax-credit-for-gasoline/http://www.bloggingstocks.com/2010/05/25/is-it-time-for-a-tax-credit-for-gasoline/#commentsFiled under:

If oil's roughly 20% drop in the past month holds, U.S. motorists will receive a modest gift -- a drop in prices at the gas pump that should be in the 30-cent to 40-cent range.

In fact, prices are already tumbling. The average price Monday for regular unleaded was $2.79 per gallon, down 8 cents from a week ago, according to gasbuddy.com. Even so, the price still is about 17% higher than a year ago.

Continue reading Is It Time for a Tax Credit for Gasoline?

Is It Time for a Tax Credit for Gasoline? originally appeared on BloggingStocks on Tue, 25 May 2010 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredgasoline pricesoil pricesTue, 25 May 2010 10:30:00 EST<![CDATA[Gasoline Prices Are Rising]]>http://www.bloggingstocks.com/2010/04/12/its-spring-in-the-u-s-and-that-means-gasoline-prices-are-risi/http://www.bloggingstocks.com/2010/04/12/its-spring-in-the-u-s-and-that-means-gasoline-prices-are-risi/http://www.bloggingstocks.com/2010/04/12/its-spring-in-the-u-s-and-that-means-gasoline-prices-are-risi/#commentsFiled under:

One obvious headwind for the U.S. economy, as it attempts to build on initial recovery momentum? Gasoline prices.

The average price of regular unleaded has risen 3.79 cents in the past three weeks to $2.85 per gallon, according to the Lundberg Survey of 5,000 stations, Bloomberg News reported.

And, as U.S. drivers know, the average doesn't tell the whole story. Prices for regular unleaded are already above $3 in higher-cost areas such as New York City, Los Angeles, and San Francisco.

Continue reading Gasoline Prices Are Rising

Gasoline Prices Are Rising originally appeared on BloggingStocks on Mon, 12 Apr 2010 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>gasoline pricesinthenewsMon, 12 Apr 2010 16:00:00 EST<![CDATA[OPEC Keeps Quota the Same, but Is Still Likely to Gain]]>http://www.bloggingstocks.com/2010/03/18/opec-keeps-quota-the-same-but-is-still-likely-to-gain/http://www.bloggingstocks.com/2010/03/18/opec-keeps-quota-the-same-but-is-still-likely-to-gain/http://www.bloggingstocks.com/2010/03/18/opec-keeps-quota-the-same-but-is-still-likely-to-gain/#commentsFiled under:

As expected, OPEC left its production quotas the same on Wednesday, in what was, from a revenue standpoint, its easiest decision in many official meetings.

Further, even though OPEC is pumping about 2 million more barrels per day (bpd) than its 24.845 million bpd official quota, the market is not punishing the group for it. A combination of decent demand, a weak dollar, and global GDP growth has pushed oil prices to levels that are roughly double what they were a year ago. Oil late Wednesday traded down 3 cents to $82.67 per barrel.

Continue reading OPEC Keeps Quota the Same, but Is Still Likely to Gain

OPEC Keeps Quota the Same, but Is Still Likely to Gain originally appeared on BloggingStocks on Thu, 18 Mar 2010 09:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>gasoline pricesinthenewsoil pricesOPECThu, 18 Mar 2010 09:10:00 EST<![CDATA[IEA Again Raises 2010 Global Oil Demand Forecast]]>http://www.bloggingstocks.com/2010/03/12/iea-again-raises-2010-global-oil-demand-forecast/http://www.bloggingstocks.com/2010/03/12/iea-again-raises-2010-global-oil-demand-forecast/http://www.bloggingstocks.com/2010/03/12/iea-again-raises-2010-global-oil-demand-forecast/#commentsFiled under: ,

The markets Friday received more data that suggests the global economic expansion is strengthening: The International Energy Agency again increased its 2010 global oil demand forecast, this time by 70,000 barrels per day, to 86.6 million barrels per day (bpd). This represents a 1.8% or 1.6 million bpd increase from the same period a year ago.

Further, in its March report, the IEA forecasts that all of the demand increase will occur in emerging markets, or in what IEA calls non-Organization for Economic Cooperation and Developed (OECD) countries. Oil traded Friday afternoon down 84 cents to $81.27 per barrel. However, oil is still up more than 100% since December 2008.

Continue reading IEA Again Raises 2010 Global Oil Demand Forecast

IEA Again Raises 2010 Global Oil Demand Forecast originally appeared on BloggingStocks on Fri, 12 Mar 2010 15:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>gasoline pricesinthenewsoil pricesFri, 12 Mar 2010 15:00:00 EST<![CDATA[Gasoline: Prices Likely to Move Higher This Summer]]>http://www.bloggingstocks.com/2010/03/08/gasoline-prices-likely-to-move-higher-this-summer/http://www.bloggingstocks.com/2010/03/08/gasoline-prices-likely-to-move-higher-this-summer/http://www.bloggingstocks.com/2010/03/08/gasoline-prices-likely-to-move-higher-this-summer/#commentsFiled under: ,

The U.S. Labor Department's February jobs report, which indicated the world's largest economy lost just 36,000 jobs in the past month, points to a month in the near future in which in the U.S. economy final starts adding jobs on a monthly basis. Job growth appears to be up ahead: that's the good news.

The not-so-good news concerns the likely trend for gasoline prices: when the U.S. economy starts adding jobs, that means increased gasoline demand, which will likely send already-high gasoline prices up even more.

Continue reading Gasoline: Prices Likely to Move Higher This Summer

Gasoline: Prices Likely to Move Higher This Summer originally appeared on BloggingStocks on Mon, 08 Mar 2010 10:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>gasoline pricesinthenewsMon, 08 Mar 2010 10:20:00 EST