Oil commodities under pressure from uncertain supplies

Among pressure on various commodities markets, oil and gasoline prices seem to be especially worrisome to most investors, even though they have eased somewhat as European nations have offered to tap their reserves to ease the supply crunch in the US.

Still, it will take 10 days for European gasoline to reach the US after a decision to send it is made.

Even with the slight easing in prices, Deutsche Bank has said that gasoline costs, up 20 percent in a week, now take approximately five percent of the average American’s disposal income.

Crude oil, gasoline, and heating oil prices did fall some on Friday. West Texas Intermediate crude for October delivery trading on the New York Mercantile Exchange fell $1.90 to $67.57 per barrel, while October delivery Brent crude on the International Petroleum Exchange fell $1.15 on the day to $66.57 per barrel.

Nymex unleaded gasoline was down to $2.18 per gallon, while heating oil declined to $2.09 per gallon.