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

Blog posts (4) | Videos (1)
 

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

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

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

4 Results