The Market closed green across the board as of its last trading session. The
Dow Jones had moved higher by .23% and finished the day off at 11,559.49. The
Nasdaq was higher by .15% and finished the day at 2,671.48. The S&P 500 was
greener by .34% and settled at 1,258.54. Energy commodities were mostly trading
in the green as well. Crude oil was in the green by .73% and settled at $90.48
per barrel for February contract delivery. Heating Oil ended the session in the
green as well by .44% and settled the session at $2.54 per gallon for February
contract delivery. Natural Gas was up by .12% to end the session and finished
last floor trade at $4.10 for January contract delivery. Unleaded gas was higher
as well by end of session as it was up by 1.06% and settled the session at $2.41
per gallon for February contract delivery. Oil prices have been ticking higher
and higher according to priceline graphing of oil prices from mid November
through the third week of December. It was reported this week that the nations
crude oil supply fell more than what had been expected and consequently, oil
price topped $90 a barrel. Prices have not settled this high since the last
quarter of 2008. Gas prices are consequently moving higher as well. According to
triple A, Gas prices are positioned to move above the $3 mark for the first time
since 2008. Right now, gas prices are more than 15% higher than they were just
one year ago at this time. Motorists are not happy with this Christmas delivery.
Author: Stephen Johnson
No comments:
Post a Comment