Oil Price Above $100 On US Heating Fuel Demand

The price of oil extended gains above $100 a barrel Monday as the cold weather in the United States increased demand for heating fuels and solid Chinese credit numbers eased concerns over the world’s number 2 economy.

By early afternoon in Europe, benchmark U.S. crude for March delivery was up 49 cents to $100.79 a barrel in electronic trading on the New York Mercantile Exchange. On Friday, the Nymex contract fell 5 cents to close at $100.30.

Read more: http://www.pottsmerc.com/general-news/20140217/oil-price-above-100-on-us-heating-fuel-demand

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Gas Price To Drop As Oil Joins Commodities Plunge

Looks like the bubble may have burst!

NEW YORK (AP) — Investors finally hit the brakes on oil, gold, silver and food prices. This week’s sharp sell-off doesn’t mean commodity prices’ stunning rise over the last several months is over, but it is good news for anyone planning a road trip this summer…. http://www.delcotimes.com/articles/2011/05/06/business/doc4dc47999345c8310148389.txt?viewmode=fullstory