Current Oil Prices Mixed in Asian Trading

The current oil prices in Asian trading are mixed as investors came back from a holiday weekend in the U.S. and a chokepoint at a main pipeline in the United States eased, said analysts. On the NYMEX, the U.S. benchmark crude for March delivery increased 6 cents to $96.72 per barrel. Meanwhile, Brent crude for April delivery shed 14 cents to a crude price per barrel of $117.38 on London’s...
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Current Crude Prices Drop

The current crude price drops after the European Central Bank’s head described a weak short term outlook for the economy of the 17 nations using the euro. The U.S. benchmark for delivery in March was 34 cents lower to a crude price per barrel of $95.52 during midday trading on the NYMEX. In New York, trading was closed yesterday for a federal U.S. holiday. The contract shed $1.45 to end at...
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Israeli Oil Companies Join Oil Search in Cyprus

On Monday, Israel-based oil firms Avner Oil Exploration L.P. as well as Delek Drilling bought nearly one-third of the oil and gas drilling rights on blocks near the southern shores of Cyprus. According to Neoclis Sylikiotis, Commerce Minister, the firms’ decision to invest in oil field exploration in the area could signal the beginning of a political and economic alliance between his country...
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Current Gasoline Prices in South Florida Skyrocket

Based on a current trend, Southwest Florida’s average gasoline price today of regular gas is at $3.63 per gallon. That surged 15 cents from only a week ago and is 24 cents higher compared to last month. Experts say that the reason for the increase is the improving economy. Gasoline demand is higher, and speculators anticipate that to go on and result in higher per barrel crude prices....
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Current Gasoline Prices in Texas Trend Upward

Current gasoline prices posted another one cent overnight increase for a total price hike of 18 cents just in the past week. In Houston, regular unleaded gasoline’s average price has sharply risen to $3.37 per gallon. According to experts, the driving season in the spring and summer may bring a price hike of 19 to 20 percent to the gasoline price today. The latest study of AAA shows that...
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