Crude, Heating Oil Increase on Service Expansion: Oil Products
Bloomberg reports that Crude oil, heating oil and gasoline advanced more than 1 percent.
Articles Tagged "new york mercantile exchange"
Crude Oil May Reach $150 in Four Years
Bloomberg reports that Crude oil may rise to as much as $150 a barrel over the next three to four years.
Oil Prices End Lower on Growing Global Uncertainty
Abcnews reports that Oil prices dropped for a third day on Tuesday with persistent worries about the global economy.
Oil continues to slide, natural gas rises 5.6 pct
Washingtonpost reports that Oil prices continued to slide on lingering concerns about economic stability in Europe.
Breaking Market Alert
According to Wall Street News Alert's "stocks to watch" are: Fidelis Energy Inc. (PINKSHEETS: FDEI), Exxon Mobil Corporation (NYSE: XOM), Apple Inc. (NASDAQ: AAPL) and Chesapeake Energy Corporation (NYSE: CHK).
Oil Price Drops on Job Losses
The United States government statement that U.S. employers had slashed over a half million jobs in January, the highest yet in 35 years, lead to crude oil prices dropping just below $41 a barrel, way below the high of $147 a barrel last summer. There is a link between layoffs and the demand on oil, say analysts, as those laid off see no need for the daily commute, and buy less of petroleum products like toys and raincoats.
