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Daily Oil Prices & Futures News on the Blackstuff
Tuesday 07th of October 2008
11/5/2006

Crude oil, gasoline up on supply, price concerns

Crude oil, gasoline up on supply, price concerns

Supply concerns sent crude oil prices higher on Thursday.  While Congress considered lifting import tariffs on ethanol in order to ease the pump price of gasoline, the Energy Information Administration said that such a move would only increase supplies by a little bit.  June contract West Texas Intermediate crude on the New York Mercantile Exchange added $1.22 to $73.35 per barrel.  Brent crude for June delivery on the International Petroleum Exchange was up 85 cents to $73.29 per barrel.  Nymex unleaded gasoline for June was up 2.8 cents to $2.1975 per gallon.

 

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