Crude Surplus Keeps Oil Prices Low

A surplus of crude from new North American sources is keeping the current oil prices low, according to the recent report of the International Energy Agency. According to the agency, crude from Canada and conventional oil from other sources are transforming oil prices worldwide. The effect on the per barrel oil prices of those fresh sources will be as important over the coming five years as the...
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Current Oil Price Drops

The current oil price dropped as traders obtained profits after the latest increases in prices and with a report showing a weaker than anticipated manufacturing activity in the United States. On the New York Mercantile Exchange, light, sweet, crude for delivery in May moved 36 cents lower to a crude price per barrel of $96.87 during midday trading, Bangkok time. The contract moved 65 cents...
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Current Tennessee Gas Prices Drop for Third Straight Week

Tennessee’s average price per gallon for regular gasoline was recently at $3.50, reflecting a drop of three cents versus the past week, according to figures from AAA. This is the third consecutive week that the state has witnessed its prices at the pump fall. It was two weeks ago that the entire state and the whole country saw a first-time drop in the weekly average for each gallon of regular...
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Up and Down Movement Continues for Current Gasoline Prices in Georgia

The fluctuation in the current gasoline prices continues. The prices began to fall in April, started to increase again in the early parts of July and slightly dropped again in the past week. AAA’s Jessica Brady said that although many macroeconomic factors are contributing to lower gasoline and oil prices, speculators citing geopolitical risk have kept these markets high and rising....
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