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Pda
Bewarse Legend
Username: Pda
Post Number: 25739
Registered: 06-2006
Posted From: 97.123.145.117
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, March 07, 2009 - 12:54 pm: |
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 oil is going nowhere for next 9-12 months.. 30-50 madyalo vuntundi |
Vamsea
Yavvanam Kaatesina Bewarse
Username: Vamsea
Post Number: 2208
Registered: 06-2004
Posted From: 72.24.241.157
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, March 07, 2009 - 12:53 pm: |
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nayak baa
how r ya |
Nayakudu
Bewarse Legend
Username: Nayakudu
Post Number: 11092
Registered: 05-2005
Posted From: 72.24.41.92
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, March 07, 2009 - 12:49 pm: |
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On Wednesday oil prices jumped almost 9% to settle at $45.38 per barrel on the New York Mercantile Exchange, up from Tuesday’s $41.65 price at settlement.
The rally came as investors waited on the Energy Department’s crude inventory report, which is expected to reflect a rise in U.S. oil stocks by 2.2 million barrels. Gasoline stocks are predicted to fall by 600,000 barrels, according to a Platts survey.
Oil prices are on the rise even in the face of poor economic news. The Dow Jones Industrial Average fell 0.6%, reaching a 12-year low, while homes sales fell 7.7%, according to the National Association of Realtors. Ford Motor Company (F: 1.7, -0.14, -7.61%), already struggling in the face of a down economy, reported a 48% drop in sales for February.
Also on the Nymex, reformulated gasoline for April delivery rose 6.22 cents to $1.3816 per gallon, while natural gas rose by 5.8 cents to $4.34 per 1,000 BTU’s. Heating oil was also on the rise, gaining 3.49 cents to reach $1.2145 per gallon.
In London on the ICE Futures exchange, Brent crude settled up by $2.42 to stand at $46.12 per gallon.
At the pump, the price of a gallon of regular unleaded gasoline was unchanged from the previous day, and stood at $1.93 per gallon. This is up from a month ago average of $1.88 per gallon.
hasta la victoria siempre
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Archives - 2009