energy prices rose yesterday as an October chill across much of the United States sent thermometers plummeting, along with the weakening US currency.
Benchmark crude for November delivery gained $1.50 to settle at $73.27 on the New York Mercantile Exchange. The last time crude closed above $73 was in late August, with the US driving season in full swing.
Heating oil rose 4.16 cents to settle at $1.89 a gallon and natural gas jumped 11 cents to settle at $4.88 per 1,000 cubic feet.
Even though there are enormous supplies of all three due to the recession and there is little chance of a shortage in the near term, crude prices have risen 5 percent in three trading days.
It is the weakened US currency that continues to lure global investors who can buy oil for a bargain because it is priced in the dollar. There are billions of dollars entering energy markets despite huge surpluses, especially in natural gas.
The US dollar index, which tracks the dollar against other major currencies, is down 14 percent since early March, and crude has jumped by about $20 per barrel in the same time.
There are also hopes that energy demand will rise as the economy recovers.
Retail gasoline prices have edged up, but are still below $2.50 per gallon. Last year, a gallon of gas cost about $3.25 at this time, according to the auto club AAA, Wright Express and Oil price Information Service.
In other Nymex trading, gasoline for November delivery gained 3.1 cents to finish at $1.799 a gallon. In London, Brent crude rose $1.36 to settle at $71.36.
-
294716833691754 This little Fae, Eve Online Isk who meets the Runescape Gold sweet name of Eve Isk Mylandra at first Runescape Money glance is all that is Aion Kina more normal ?? But if Replica Watches we look more closely ?? If so, Replica Watch check out its wings! It carries the "Eve Online Isk Sale wings courageous, even those Buy Eve Online Isk that can be earned in the Radiance of Cheap Eve Online Isk Love, as long as they do show Lotro Gold a little patience. and Maple Story Mesos we do not be Dofus Kamas afraid to make Jordan Shoes several times Aion Kinah the body.
-
100310SLHFF
I have a severe case of Mbt shoes plantar faciitis that has resisted all forms of treatment including Mbt Sale surgery, physical therapy, night splints, etc.I got a referral to a new podiatrist who recommended trying MBT Sport Shoes. I had to try a few pairs to get a good fit but now love them. They never leave my MBT Chapa Shoes feet. They are so comfortable and take all MBT Lami Shoes the strain out of my heels plus as a benefit I have no joint pain either! I have two pair, one MBT M.Walk Shoes for work and one for outside. The best shoes I ever had and I even tried a funny Discount MBT shoes coiled shoe which while ok were just too ugly Cheap Mbt Shoes to wear. Footwear.etc was fantastic to work with, very easy to order, make returns. Thank You!I absolutely love MBT shoes. I have purchased a MBT Shoes on sale different style 2 years ago and I loved it- it ended my search for a mbt masai shoes cure for my plantar fasciitis which I've had for mbt shoes review about 5 ...
-
100311SLHYZ
The hero of this novel was Oliver Twist, an ghd stylers, who was thrown into a world full of poverty and crime. He suffered enormous pain, such as hunger, thirst, beating and abuse. While reading the tragic experiences of the little Oliver ghd iv styler, I was shocked by his sufferings. I felt for the poor boy, but at the same time I detested the evil Fagin and the brutal Bill. To my relief, as was written in all the best stories ghd hair straighteners, the goodness eventually conquered devil and Oliver lived a happy life in the end. One of the plots ghd mk4 that attracted me most is that after the theft, little Oliver was allowed to recover in the kind care of Mrs. Maylie and Rose and began a new life. He went for walks with them ghd mk4 styler, or Rose read to him, and he worked hard at his lessons. He felt as if he had left behind forever the world of crime chi flat irons and hardship and poverty. http://www.stylerghd.com/specials.html
