Futures Markets
2/3/2006
Tensions send crude prices higher
Story link: Tensions send crude prices higher by Elaine Frei
Crude oil prices were up again on Thursday as worries continue over political tensions in Nigeria and Iran. The International Atomic Energy Agency will meet next week to decide what, if anything, to do about Iran’s renewed nuclear program. Should the IAEA decide to take action, oil supplies out of Iran could be disrupted. Meanwhile, [...]
1/3/2006
Gasoline demand sends crude prices up
Story link: Gasoline demand sends crude prices up by Elaine Frei
The price of crude oil was up on Wednesday as figures form the Energy Information Administration showed that the demand for gasoline in the US had risen by 2.5 percent in the past month as compared to the same period last year. The EIA also reported that crude oil inventories grew by 1.2 million barrels [...]