Friday, February 24, 2012

Todays Crude Oil Price Per Barrel, Gas Price per Gallon on the Rise Again; Price of Oil and Gas Market Trends Today

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dow2664 Oil and gas prices continue to make headlines as they notch higher by the day. Specifically, oil prices have climbed the ladder each day over the last five trading sessions. Fears are circulating now that the rising oil and rising gas prices will derail progress being observed in the U.S. Economic reports in the U.S. have skewed positive as of late, but the continued rise in oil and gas prices are threatening. Oil price per barrel notched higher once again during the last trading session. Light Crude Oil Price per Barrel and Gas Price Per Gallon Review Today: Oil price per barrel finished the last trading session higher by 1.46 percent at 107.83. Heating Oil notched higher by .77 percent at 3.29 per gallon. Unleaded Gas per gallon finished the last trading session higher by .77 percent to close with a posted floor price at 3.29 per gallon. Tensions in the Middle East continue to create problems. In response to imposed sanctions, Iran is reducing shipments of oil out of the region. The turmoil is pushing oil prices to nine month highs in the current economic environment. Camillo Zucari



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