Current Crude Prices Gain with Hopes of Fresh Stimulus

The current crude oil prices have moved up as China and Europe’s weak manufacturing figures raise hopes of new stimulus measures from the central bank. The crude price per barrel of Brent for October delivery gained 54 cents to reach $116.32 during midday electronic trading. Meanwhile, the main contract in New York saw a 68-cent increase compared to its closing level in the last trading...
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Current Crude Oil Prices Fall below $95

Current crude oil prices dropped below $95 a barrel, indicating that the commodity has established a comfortable steady level at the moment. The crude oil price per barrel fell from its high rate of over $97 in the morning trading to its closing level of $94.67, in spite of some developments that are usually price boosters. Inventories of crude oil fell by 7.426 million barrels in the past week...
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Orange County California Average Gasoline Price Drops for 51st Straight Day

Orange County’s $3.671 per gallon average self-serve regular gasoline price reflects today’s drop for the 51st straight day. However, the continuous fall may soon come to an end due to increasing current crude oil prices. Orange County’s average gasoline price today is lower by $0.063, $0.485 and $0.093 versus last week, last month and last year, respectively. Based on the...
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Recent Global Crude Oil Prices Moved Higher

Oil prices worldwide moved higher recently in the midst of worries regarding the continuous standoff of Iran against Western nations over its nuclear program. The main contract of New York, West Texas Intermediate (WTI) Crude prices for July delivery, rose by 20 cents to finish at $90.86 per barrel. In London, Brent North Sea crude prices for July delivery grew by 28 cents to close at $106.83...
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Analysts Expect California Gasoline Prices to Stabilize Soon

Gasoline prices are expected to stabilize within the coming weeks as several refineries slowly go back to their full operations according to market analysts. Ventura County’s benchmark gasoline blend, regular unleaded, was priced at $4.38 per gallon. That is a little higher compared to its most recent cost of $4.37 per gallon. However, it is lower by 17 cents compared to last week, said...
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