Oil Price Global News Oil Sector Today: Oil prices continued to track higher as
the propaganda relating to oil sanctions from the West remained newsworthy last
session. Iranian leader Ayatollah Ali Khameini warned again that the West,
specifically the U.S., would suffer irreparable damage to associated interests
if the oil sanctions continue, and/or if strikes are carried out against
perceived Iranian nuclear sites. These words were the most potent posting via
the Iranian leader and officials are becoming more concerned that hostility may
be drawing nearer. The volatility associated with the situation continues to
push oil prices. Oil Prices and Gas Price Close Review Last Session: Light Crude
Oil for March delivery finished the last session higher by 1.54 percent and
posted a close price at 97.84 per barrel. One month change analysis for Light
Crude oil price trend-line is currently negative by approximately 5.34 percent.
March contract Heating Oil finished the final trading session of the week higher
by 2.01 percent at 3.11 per gallon. Natural Gas March contract closed lower by
2.15 percent at 2.50 per million BTUs. Unleaded Gas closed the session green by
1.59 percent at 2.91 per gallon. Camillo Zucari
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