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Oil Rises on Anticipation of Cold Weather

Posted Dec 28th 2009 9:30AM by Michael Fowlkes (RSS feed)
Filed under: Forecasts, Commodities, Oil

oil pricesOil prices are moving higher today, as investors look to weather forecasts that predict colder than normal weather coming over the next week.

According to a report from Weather Derivatives, heating fuel consumption will most likely rise by about 6.7% over the next seven days as cold weather continues to sweep across the nation.

Continue reading Oil Rises on Anticipation of Cold Weather

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Last updated: May 28, 2012: 07:59 PM

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