Current Oil and Gas Prices Increase for the First Time in Weeks

The current oil prices reflect a first-time sustained rise in over two weeks. In the meantime, gas prices today have increased to their peak level since the early parts of June. The per barrel oil price has risen by almost 20% since reaching a low of almost $77.69 in the latter parts of June. That meant higher gasoline prices for drivers during the driving season in the summer. Retail gas has...
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Current Oil Prices Mixed in Asian Trading

Current oil prices remained volatile during yesterday’s trading in Asia as investors wait for more stimulus by policymakers to strengthen the ailing economy of the United States and Europe. In the NYMEX, light, sweet crude for delivery in September fell 13 cents for a per barrel oil price of $90 while Brent North Sea for delivery in September gained 5 cents at $106.52 per barrel. Angel...
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EIA Predicts Crude Price per Barrel near $100 Until 2013

The Energy Information Administration, the clearinghouse for energy data from the United States government, predicts the crude price per barrel of Brent to stay close to $100 until 2013 ends. That is a significantly lower forecast compared to that of the government of Newfoundland and Labrador in its 2012-2013 budget estimates. The provincial government anticipated an average per barrel oil...
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