Wednesday, February 15, 2012

Light Sweet Crude Oil Price per barrel; Gas Prices per gallon; Brent Crude Oil Price a Barrel Today; Oil Gas Market News Today

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dow2664 Oil Price per Barrel Gas Price Per Gallon Market Trending News Today: Oil prices moved above the $100 dollars per barrel mark once again last session. Tensions continue to stem from the Middle East as Iran lofts rumors that it will combat U.S. imposed sanctions with a reduction in oil shipments. In addition to this news, the recent austerity measure approval in the eurozone is promoting an environment where the demand for oil is expected to rise. These variables are pushing oil prices higher in the current market environment. Last session close prices for oil and gas today: Crude oil price finished the last session in the red by .17 percent and closed with a posted floor price at 100.74 per barrel. Heating Oil finished the last session higher by .15 percent and posted a floor price at 3.16 per gallon. Natural Gas closed out the last session higher by 4.15 percent at a floor price at 2.53 per million BTUs. Unleaded Gas finished red by 1.0 percent and posted a floor price close at 2.98 per gallon. Brent March Crude prices notched higher at contract expiration last session. Brent Crude settled at 118.16 a barrel. Camillo Zucari



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