Oil holds above $67 amid improving US economy

[LICKING COUNTY FAN]

http://finance.yahoo.com/news/Oil-holds ... 0.html?x=0








"We haven't seen demand increase yet, but all the good news about the economy seems to be adding fuel to the fire," said Gerard Rigby, an energy analyst with Fuel First Consulting in Sydney. "Just the fact that things are improving is enough to change the sentiment of a lot of people."

[LICKING COUNTY FAN]

Has anyone there ever had a plan?

[earp]

Ya to vote for what is best for their wallet!

[LICKING COUNTY FAN]

Benchmark crude for September delivery rose 9 cents to $68.14 a barrel on the New York Mercantile Exchange. On Friday, the contract rose 89 cents to settle at $68.05.


But even with growing signs of optimism, demand for oil has remained weak.

http://finance.yahoo.com/news/Oil-price ... 2.html?x=0

[LICKING COUNTY FAN]

Energy demand has evaporated this year, with people driving less, flying less, and energy-intense industries sharply cutting back production and jobs.

http://finance.yahoo.com/news/Oil-surge ... 1.html?x=0

[d-5]

Energy demand has evaporated this year, with people driving less, flying less, and energy-intense industries sharply cutting back production and jobs.

http://finance.yahoo.com/news/Oil-surge ... 1.html?x=0

I rest my case

[LICKING COUNTY FAN]

Oil prices should be depressed right now, given the tepid demand for gasoline and a growing surplus of crude in the U.S. But Newedge analyst Antoine Halff said the tactic of buying oil contracts as a hedge against inflation is "back with a vengeance."

http://finance.yahoo.com/news/Oil-settl ... 8.html?x=0

[LICKING COUNTY FAN]

VIENNA (AP) -- Oil prices moved closer to $71 Friday as investors brushed off bad U.S. economic news, betting instead that the American economy, the world's largest crude consumer, will recover later this year.

Oil prices have oscillated near $71 a barrel for about two weeks as investors weigh lackluster U.S. consumer demand against expectations the economy could rebound strongly next year from recession.


http://finance.yahoo.com/news/Oil-rises ... 8.html?x=0

[LICKING COUNTY FAN]

Some analysts said conditions were building up for oil prices to break out of their recent range between $70 and $85 a barrel and reach an average of $92 a barrel in the second half of 2010.

http://finance.yahoo.com/news/Oil-above ... 0.html?x=0

[LICKING COUNTY FAN]

Oil rises for 4th day on demand forecast
With global demand expected to rise, crude prices climb above $75 a barrel


http://finance.yahoo.com/news/Oil-rises ... 4.html?x=0

[LICKING COUNTY FAN]

If oil continues to rise on foreign consumption, Americans may see their energy prices grow even though they're not using more fuel. So far, however, that hasn't happened.

http://finance.yahoo.com/news/Oil-up-fo ... 4.html?x=0

[LICKING COUNTY FAN]

Oil 76.87 as of yesterday

[LICKING COUNTY FAN]

Oil prices up 11 percent in 2 weeks
Oil rises to near $80 a barrel; crude has surged 11 percent in 2 weeks


At the pump, retail gasoline prices increased for the second day this week, adding less than a penny overnight for a national average of $2.623 a gallon, according to AAA, Wright Express and Oil Price Information Service. A gallon of regular unleaded is 11.4 cents cheaper than a month ago and 67.4 cents more expensive than a year ago.


http://finance.yahoo.com/news/Oil-price ... 4.html?x=0

[kantuckyII]

BIOB

[LICKING COUNTY FAN]

Make that 12% now


An extended surge in crude prices will force gasoline and other fuels higher as well. Retail gas prices already have started to increase this week, and experts predict the national average will hit $3 a gallon this summer.


http://finance.yahoo.com/news/Oil-price ... 4.html?x=0

[LICKING COUNTY FAN]

Over 81 so far today and gas went up 29 cents at some places around here yesterday when oil dropped.

http://finance.yahoo.com/news/Oil-resum ... 6.html?x=0

[LICKING COUNTY FAN]

Despite sluggish oil demand from developed countries, some analysts expect growing consumption in Asia to help push prices higher.


http://finance.yahoo.com/news/Oil-above ... 2.html?x=0

[kantuckyII]

Oil prices might be raising but wait till you get the new tax bills to pay for the new health care bill . Just read where Ohio's Kucinich has agreed to vote yes on it. I'd be writing him if I lived there and letting him know about it

[LICKING COUNTY FAN]

Despite sluggish oil demand in the U.S. and other developed countries, oil analyst Andrew Lipow said global economic indicators support higher prices.


http://finance.yahoo.com/news/Oil-nears ... 2.html?x=0

[Philos_Finest]

Oil prices might be raising but wait till you get the new tax bills to pay for the new health care bill . Just read where Ohio's Kucinich has agreed to vote yes on it. I'd be writing him if I lived there and letting him know about it

I would too, Thank Him.