US economy heals as oil investment recovers

Brent crude oil futures held their ground, hovering around the $119 per barrel mark on the global  commodity index today, as optimistic financial reports out of the US pared down the damage that news of oversupplies wreaked on the sector. Traders speculated that the US’ faster than expected recovery out of recent economic hardships signified a peak oil investment period on the charts. The US...
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Gasoline Prices in Southeastern Parts of the US Drop

Refineries in the Gulf Coast are working at high volume and crude oil prices are becoming stable. These two factors cause gasoline prices to fall in the Southeast. The most recent average cost of gasoline in Anderson City is $3.56 per gallon. That is almost ten cents lower compared to the past couple of weeks. Moreover, the latest market data shows that the average in Greenville has fallen by 6...
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Lundberg Survey Shows Drop in Current Gasoline Prices

A recently published nationwide survey showed that the average gasoline prices in the United States have declined by over a nickel during the last two weeks which marked their first drop since the month of December. According to the Lundberg Survey, the average price per gallon of regular gasoline is now at $3.91. That is a decline of more than five cents compared to its price two weeks ago when...
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Gasoline Prices Drop for the Third Consecutive Day

The average per gallon price of regular unleaded gasoline recently dropped for the third consecutive day. From $3.8999 per gallon, the average gasoline price dropped for another day by 0.8 cent per gallon to end at $3.891 in the recent daily poll performed for the American Automobile Association. Over the previous week, prices at the pump have already decreased by 2 cents. In spite of the fall,...
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Market perception drives crude oil prices up

OPEC’s latest monthly report suggest that the supposed oil shortage is merely a market perception, and that actual oil supply is enough to sustain demand. According to OPEC, crude oil prices for March 2012 were about 4.7 percent above February 2012 prices.  OPEC added that this “was supported by supply glitches in the North Sea and East Africa, improving economic data from the U.S. and...
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