You are currently browsing the archives for the Gasoline category.
2. February 2012 by Jim Sutliff.
Crude oil inventories continue to rise and hit a three month high last week. The Energy Department indicated that crude oil supplies increased to 338.9 million barrels. That mark is 4.18 million barrels higher than the previous week. Gasoline also had weak demand with consumption falling 7.97 million barrels a day. Gasoline inventories increased by 3 million barrels last week.
To read a related Bloomberg article, please click here:
Jim Sutliff
Posted in Options & Futures, Trading, Oil, Investments, Gasoline, General, Economic News | No Comments »
19. January 2012 by Jim Sutliff.
Natural gas fell more than 6% in trading on Thursday and settled at $2.3220 per 1,000 cubic feet. Natural gas supplies have steadily increased and warmer than normal weather is expected over the next few weeks. Gasoline and crude oil fell slightly and heating oil rose 2.26 cents.
To read a related MSN Money article, please click here:
http://money.msn.com/business-news/article.aspx?feed=AP&date=20120119&id=14709809
James Sutliff
Posted in Options & Futures, Trading, Oil, Natural Gas, General, Investments, Gasoline | No Comments »
12. January 2012 by Jim Sutliff.
According to the U.S. Energy Information Administration, crude oil supplies rose by 5 million barrels last week. In addition, gasoline inventories rose 3.6 million barrels and distillates increased by 4 million barrels. All of the inventory increases were well above analyst expectations. A significant drop in demand levels was a factor in the supply figures. Crude oil was trading near the $100 dollar mark on Wednesday.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2012/01/11/us-markets-oil-idUSTRE7AD06820120111
Jim Sutliff
Posted in Options & Futures, Political News, Trading, Earnings, Oil, Investments, Gasoline, General, Infrastructure, Economic News | No Comments »
10. January 2012 by Jim Sutliff.
Crude oil rose to $103.41 during afternoon trading and settled at $102. 24 a barrel. An improved outlook for US economic growth also sent the stock market to a five month high. In addition, tensions in Iran and Nigeria raised supply concerns for the near term.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2012/01/10/us-markets-oil-idUSTRE7AD06820120110
Jim Sutliff
Posted in Stocks, Trading, Earnings, Oil, Investments, Gasoline, General, Economic News | No Comments »
27. December 2011 by Jim Sutliff.
Crude oil continued to climb and settled over $101 a barrel. Geopolitical forces pushed crude higher as traders returned on Tuesday. Supply reports may weigh heavily on trading activity in the next few weeks. Warmer than normal temperatures in the northeast could increase supplies and send crude oil lower.
To read a related Wall Street Journal article, please click here:
James Sutliff
Posted in Options & Futures, Trading, Oil, Investments, Gasoline, General, Economic News | No Comments »
1. December 2011 by Jim Sutliff.
European and Chinese manufacturing numbers came in weak and that helped to send crude oil lower. Crude oil settled at slightly higher than $100 dollars a barrel on Thursday. This is the first time since February 2009 that Chinese manufacturing has contracted.
To read a related Bloomberg article, please click here:
Jim Sutliff
Posted in Options & Futures, Oil, Trading, Earnings, Euro, Investments, General, Bonds, Currency, Economic News, Gasoline, Banking | No Comments »
5. October 2011 by Jim Sutliff.
The Department of Energy weekly report indicated that crude oil inventories fell 4.7 million barrels. Inventories of gasoline fell 1.1 million barrels and distillates dropped 700,000 barrels. Analysts had expected an increase of 700,000 barrels for crude and 1 million barrels for gasoline. The drop in crude imports played a role in the lower inventory figures. Crude rose in late morning trading after the report.
To read a related Wall Street Journal article, please click here:
http://online.wsj.com/article/BT-CO-20111005-708995.html
James Sutliff
Posted in Oil, Options & Futures, Trading, Investments, General, Economic News, Gasoline, Banking | No Comments »
28. September 2011 by Jim Sutliff.
Crude oil inventories rose 1.9 million barrels last week and gasoline demand fell 2.4%. Analysts had expected crude oil inventories to remain unchanged from the previous week. The drop in demand and rising economic concerns forced crude oil prices lower in afternoon trading. Crude oil dropped over $3 and closed below $82 a barrel.
To read a related Associated Press article, please click here:
Jim Sutliff
Posted in Oil, Options & Futures, Trading, Investments, General, Economic News, Gasoline, Banking | No Comments »
23. September 2011 by Jim Sutliff.
Commodities continued to drop and the Standard & Poor’s GSCI Index hit a 9 month low. In afternoon trading, the GSCI Index fell to 594.12 which is the lowest level since early December 2009. Metals were hit hard with silver, gold, copper, and nickel all falling. Gold was trading below $1,700 an ounce and was down almost 5%. Crude oil also declined and fell to $77.55 a barrel before rebounding to just under $80. Global recessionary concerns are weighing on investors as well as the European debt crisis.
To read a related Bloomberg article, please click here:
http://www.bloomberg.com/news/2011-09-23/commodities-poised-for-worst-week-in-4-months.html
Jim Sutliff
Posted in Stocks, Options & Futures, Trading, Federal Reserve, Treasury, Oil, Natural Gas, Gasoline, Economic News, General, Investments, Metals, Banking | No Comments »
14. September 2011 by Jim Sutliff.
Crude oil declined in trading after a report from the Energy Department indicated that gasoline supplies rose almost 2 million barrels. Crude oil inventories decreased 6.7 million barrels due to weather related shutdowns. Distillate fuel supplies increased 1.71 million barrels last week.
To read a related Bloomberg article, please click here:
James Sutliff
Posted in Options & Futures, Trading, Oil, Investments, Gasoline, General, Economic News | No Comments »
27. August 2011 by Jim Sutliff.
Crude oil finished slightly higher in trading on Friday and closed at $85.37 a barrel. Traders closely watched comments by Federal Reserve Chairman Ben Bernanke which indicated that the Fed stands ready to implement stimulus programs if needed. Gasoline traded lower on Friday after rising over 3% on Thursday. Gasoline prices could drop due to lower summer driving demand caused by Hurricane Irene.
To read a related Wall Street Journal article, please click here:
http://online.wsj.com/article/BT-CO-20110826-713339.html
James Sutliff
Posted in Options & Futures, Trading, Federal Reserve, Oil, Investments, Gasoline, General, Economic News | No Comments »
20. August 2011 by Jim Sutliff.
Stocks continued to decline at the end of the week but commodities started to rebound. Growth projections for developing countries increased demand for raw materials. Commodities advancing at the end of the trading week were silver, cooper, gold, and gasoline. Gold finished the week at over $1,850 an ounce.
To read a related Bloomberg article, please click here:
Jim Sutliff
Posted in Oil, Options & Futures, Stocks, Trading, Natural Gas, Metals, Economic News, Gasoline, General, Investments, Banking | No Comments »
22. June 2011 by Jim Sutliff.
Crude oil fell to $94 a barrel after the Federal Reserve lowered the economic growth forecast. Crude oil inventories also fell 1.71 million barrels which was slightly less than analysts had expected. The Energy Department also released figures that showed a drop in gasoline inventory by 464,000 barrels. Gasoline had been expected to increase by 1 million barrels.
To read a related Bloomberg article, please click here:
James Sutliff
Posted in Options & Futures, Trading, Federal Reserve, Oil, Investments, Gasoline, General, Economic News | No Comments »
11. June 2011 by Jim Sutliff.
A recent MarketWatch article on investing tips for alternative assets discussed viewpoints of money managers. Money managers at a MarketWatch conference stated that emerging markets will lead to further growth in commodities. The market demand for products will cause the demand for raw materials to increase and will drive up the cost of gold, silver and other materials.
To read the MarketWatch article. please click here:
http://www.marketwatch.com/story/digging-for-value-in-gold-silver-commodities-2011-05-10
James Sutliff
Posted in Infrastructure, Investments, Metals, Oil, General, Gasoline, Bonds, Currency, Economic News, Banking | No Comments »
19. May 2011 by Jim Sutliff.
Crude oil rose above $100 a barrel after an Energy Department report indicated that supplies remained flat. Analysts had expected a rise in crude oil inventory by 500,000 - 700,000 barrels. Also, gasoline inventories rose 100,000 barrels which fell short of the nearly 600,000 barrel increase predicted by analysts.
To read a related MarketWatch article, please click here:
http://www.marketwatch.com/story/oil-futures-gain-as-dollar-declines-2011-05-17?dist=countdown
Jim Sutliff
Posted in Options & Futures, Trading, Oil, Investments, Gasoline, General, Economic News | No Comments »