Jet Fuel Premium Set to Fall

A bit of cheery news for beleagured airlines: jet fuel, which of late had traded at a considerable premium to heating oil, ... to heating oil futures, said Mike Busby, manager of oil and refined-products trading for Northville [more...]

Date: 2008-07-15 08:22:01

Blog posts (17) | Videos (5)
 

Oil rises above $58 on heating oil, gas futures

Light, sweet crude for December delivery gained 60 cents to $58.20 a barrel on the New York Mercantile Exchange. Jim Ritterbusch, president of energy consultants Ritterbusch and Associates, said oil prices have been driven recently by equity and currency markets, but it appears some fundamentals are now driving price movement [more...]

Date: 2008-11-17 19:10:24

Whadda ya bet the price of gas goes up anyway

Last update: 3:50 p.m. EST Jan. 7, 2009 Comments: 89 NEW YORK (MarketWatch) ... started collecting Cushing data. On the Nymex, February heating oil futures fell 5.1% to $1.5431 ... -- Crude-oil futures tumbled 12% Wednesday, marking their biggest one-day percentage drop [more...]

Date: 2009-01-07 22:11:28

Crude continues with its upward journey

Mid East tension takes crude higher by more than 9% in two sessionsOngoing conflicts at Middle East, ... prices higher on Monday, 05 January, 2009.On Monday, crude-oil futures for light sweet crude ... is up 11.1% and heating oil is up 9.1%.February natural-gas futures rose 1.7% to $6.072 per million British [more...]

Date: 2009-01-06 03:14:00

Not Too Fast, ATA

Yesterday’s ATA SmartBrief (a free newsletter that is well worth subscribing to) ... , and sugar DBB follows aluminum, zinc, and copper DBC tracks crude oil, heating oil, gold, aluminum, corn ... , speculative money started flowing rapidly out of the oil futures market.” This effect isn’t necessarily [more...]

Date: 2009-01-07 13:35:43

Crude rises

Crude registers biggest yearly drop in CY 2008Ongoing conflicts at Middle East, ... -oil futures for light sweet crude for February delivery closed at $46.34/barrel (higher by $1.74 ... production cut ever.Against this background, February heating oil rose 2.6% to $1.4803 a gallon. February [more...]

Date: 2009-01-05 04:12:00

After the Bell Wrap-Up - January 8, 2009

The markets gave a valiant effort today to shrug off more disappointing economic news to trade higher, ... . In additional NYMEX trading, gasoline futures added $0.0118 to $1.0882 a gallon. Heating oil dropped [more...]

Date: 2009-01-08 21:10:00

Oil jumps 14 percent, products up

Oil jumps 14 percent, products up NEW YORK (Reuters) ... supply this winter. U.S. crude oil futures for February settled up $5.57 to $44.60 per barrel, but down ... on production rates to try to boost margins. As heating oil and gasoline prices are rallying, crude [more...]

Date: 2008-12-31 20:53:31

Crude drops for fifth straight day

Prices drop by more than 7% on demand concernsAfter rallying for four previous sessions, ... Monday, crude-oil futures for light sweet crude for February delivery closed at $37.59/barrel (lower ... reformulated gasoline sank 2.4% to $1.0841 a gallon, while February heating oil lost 2.1% to $1.4877 [more...]

Date: 2009-01-13 02:42:00

End of the Day Write-Up - January 9, 2009

With the job market in utter chaos, the equity markets responded negatively to the dire economic news released today ... trading, gasoline futures added $0.023 to $1112 a gallon. Heating oil slipped $0.032 to $1.4877 [more...]

Date: 2009-01-09 21:17:00

What's Up, What's Down: Crude Oil Down Sharply Along with Heating Oil, RBOB, and Natural Gas

Oil and gas are down across the board, see how other commodities and currencies futures are expected to perform today, including cattle, pork, orange juice, and gold. [more...]

Date: 2008-07-08 03:17:00

Daily Forex Overview

Previous session overview On Monday, the dollar declined across the board Monday, taking its cue from a drop in U.S. stock markets as financial shares sold off. The dollar was also feeling the heat from oil prices that crept back up toward USD125 a barrel on futures markets, indicating that any measurable relief [more...]

Date: 2008-07-29 07:20:34

Green Ink: Pricey Nukes and Supervolcanoes

paper Crude oil futures jumped above $50 after Kuwait and Qatar said they would trim January oil shipments, ... . But oil prices are still low enough to cause pain to big producers, like Venezuela, which has scrapped its $100 million heating-fuel giveaway to U.S. consumers, in the WSJ (sub reqd.). Where is Big [more...]

Date: 2009-01-06 13:00:44

Green Ink: The Energy Debate

paper Crude oil futures rebounded Wednesday from an early stumble after central banks in the U.S., U.K ... . Even though oil prices are well below their July high, U.S. homeowners can still expect to pay 15% more this winter in heating bills, reports the WSJ (sub reqd.). The second presidential debate [more...]

Date: 2008-10-08 14:23:31

Energy prices rise as Gaza conflict escalates

Crude futures prices rose again Jan. 5 as the conflict in Gaza continues to escalate, said analysts with Raymond James & Associates Inc ... blending rose 7.l9¢ to $1.18/gal on NYMEX. Heating oil for the same month climbed 9.6¢ to $1.576/gal ... . Also boosting oil prices, analysts said, was news that Kuwait, the Organization of Petroleum [more...]

Date: 2009-01-07 11:52:09

What's Up, What's Down: Higher Gold Futures, Energies Sharply Lower

Major indexes on Monday continues to weave in and out of red zones following new home sales figures and continued fears of recession. Although Friday saw a higher close for gold, closes for crude and heating oil, the rbob and natural gas were sharply low. [more...]

Date: 2008-10-27 15:13:15

Why Are Oil and Natural Gas Prices Behaving so Similarly?

This is a question that has been bugging me for a while ... is used for heat, the price of gas is very seasonal. Here is a graph of the gas futures curve (from Nymex, December 23, 2008):Now you can see here that futures contracts for winter months are higher than [more...]

Date: 2008-12-26 19:10:00

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