The Heat Zone

Oil Prices Tumble as US Unemployment Tops 10 Percent

admin — Fri, 06 Nov 2009 13:28:43 +0000

As of 9:13 am EDT, the price of crude had dropped by 2.41 percent to reach $77.70 a barrel and the price of heating oil had sunk by 2.54 percent. HEAT USA Price Report Today’s average retail heating oil price per gallon: Down $0.03 Morning projection (for Monday’s average price per gallon): Down $0.06 Oil prices plummeted Friday morning [...]

Oil Prices Drop on Strong Dollar, Weak Equities

admin — Thu, 05 Nov 2009 13:26:12 +0000

As of 9:14 am EST, the price of crude had fallen by .31 percent to reach $80.15 a barrel and the price of heating oil had lost .4 percent. HEAT USA Price Report Today’s average retail heating oil price per gallon: Up $0.02 Morning projection (for Friday’s average price per gallon): Down $0.02 Weak stock markets and a stronger [...]

Oil Prices Climb on Weak Dollar, API Data

admin — Wed, 04 Nov 2009 13:25:11 +0000

As of 9:14 am EDT, the price of crude had risen by .79 percent to reach $80.23 a barrel and the price of heating oil had climbed .35 percent. HEAT USA Price Report Today’s average retail heating oil price per gallon: Up $0.02 Morning projection (for Thursday’s average price per gallon): Up $0.03 Oil prices rose Wednesday morning as [...]

Oil Prices Fall on Inventory Forecasts, Drop in Global Equities

admin — Tue, 03 Nov 2009 13:01:19 +0000

As of 8:49 am EDT, the price of crude had dropped by 1.05 percent to reach $77.31 a barrel and the price of heating oil had sunk by 1.15 percent. HEAT USA Price Report Today’s average retail heating oil price per gallon: Up $0.04 Morning projection (for Wednesday’s average price per gallon): Down $0.04 Monday’s optimism, driven by growth [...]

Oil Prices Fluctuate But Stay Even

admin — Mon, 02 Nov 2009 13:57:40 +0000

As of 9:47 am EDT, the price of crude had dipped by .05 percent to reach $76.96 a barrel and the price of heating oil had edged downward by .06 percent. HEAT USA Price Report Today’s average retail heating oil price per gallon: Down $0.06 Morning projection (for Tuesday’s average price per gallon): Up $0.03 Oil prices fluctuated widely [...]

After Thursday’s Rally, Oil Prices Drop on Demand Pessimism

admin — Fri, 30 Oct 2009 12:02:10 +0000

As of 8:51 am EDT, the price of crude had dropped by .89 percent to reach $79.16 a barrel and the price of heating oil had fallen by .86 percent. HEAT USA Price Report Today’s average retail heating oil price per gallon: Up $0.06 Morning projection (for Monday’s average price per gallon): Down $0.03 After Thursday’s GDP numbers caused [...]

UPDATE: US Economic Growth Brings Midday Price Change

admin — Thu, 29 Oct 2009 13:56:54 +0000

Heating oil’s drop in price from Wednesday only lasted a few hours, as positive economic data caused a spike in oil prices. News that the US economy grew in the last quarter spurred beliefs that the recession had ended and that economic recovery would revive oil demand, sending crude and heating oil prices upward [...]

Oil Prices Gain on News of US Economic Growth

admin — Thu, 29 Oct 2009 12:24:11 +0000

As of 9:10 am EDT, the price of crude had climbed by 1.17 percent to reach $78.37 a barrel and the price of heating oil had risen by the same 1.17 percent. HEAT USA Price Report Today’s average retail heating oil price per gallon: Down $0.05 Morning projection (for Friday’s average price per gallon): Up $0.05 After yesterday’s drop [...]

Crude Oil Prices, Variable-Rate Contracts, and the Safety of Heating Oil

admin — Wed, 28 Oct 2009 14:42:19 +0000

This article was originally published in the HEAT This Week newsletter, October 23, 2009. The recent rise in crude oil prices has given oil companies the incentive to start drilling again and spend money looking for new sources of oil. But if companies increase production and start pumping out more crude, that would increase supply [...]

Oil Prices Drop as Stock Markets Decline, Dollar Rises

admin — Wed, 28 Oct 2009 12:05:11 +0000

As of 8:52 am EDT, the price of crude had fallen by .82 percent to reach $78.90 a barrel and the price of heating oil had dropped by .63 percent. HEAT USA Price Report Today’s average retail heating oil price per gallon: Up $0.03 Morning projection (for Thursday’s average price per gallon): Down $0.02 Oil prices dropped Wednesday morning, [...]

Oil Prices Climb on Dollar’s Weakness

admin — Tue, 27 Oct 2009 12:03:08 +0000

As of 8:51 am EDT, the price of crude had edged up by .32 percent to reach $78.93 a barrel and the price of heating oil had risen by .48 percent. HEAT USA Price Report Today’s average retail heating oil price per gallon: Down $0.04 Morning projection (for Wednesday’s average price per gallon): Up $0.03 The dollar, after rallying [...]

Oil Prices Rise on Weak Dollar, Chinese Demand

admin — Mon, 26 Oct 2009 12:39:25 +0000

As of 9:28 am EDT, the price of crude had risen by .41 percent to reach $80.83 a barrel and the price of heating oil had climbed by .83 percent. HEAT USA Price Report Today’s average retail heating oil price per gallon: Down $0.02 Morning projection (for Tuesday’s average price per gallon): Up $0.02 Oil prices rose as the [...]

Oil Prices Split on Weak Dollar, Economic Skepticism

admin — Fri, 23 Oct 2009 12:18:41 +0000

As of 9:05 am EDT, the price of crude had risen by .38 percent to reach $81.50 a barrel and the price of heating oil had dipped by .07 percent. HEAT USA Price Report Today’s average retail heating oil price per gallon: Down $0.01 Morning projection (for Monday’s average price per gallon): Down $0.02 At the end of the [...]

Oil Prices Down on Strong Dollar

admin — Thu, 22 Oct 2009 12:26:20 +0000

As of 9:12 am EDT, the price of crude had dropped by 1.02 percent to reach $80.54 a barrel and the price of heating oil had fallen by .81 percent. HEAT USA Price Report Today’s average retail heating oil price per gallon: Up $0.06 Morning projection (for Friday’s average price per gallon): Down $0.02 Oil prices were down Thursday [...]

Rise in Crude Inventories Pulls Oil Prices Down

admin — Wed, 21 Oct 2009 12:28:46 +0000

At 9:15 am EDT, the price of crude had dropped 0.8 percent to $78.46 a barrel and the price of heating oil had lost 0.4 percent. HEAT USA Price Report Today’s average retail heating oil price per gallon: NO CHANGE Morning projection (for Thursday’s price per gallon): DOWN $0.01 The American Petroleum Institute’s weekly inventory report, released yesterday afternoon, [...]

Oil Prices Down on Supply Concerns

admin — Tue, 20 Oct 2009 12:20:37 +0000

As of 9:00 am EDT, the price of crude had fallen by .1 percent to reach $79.53 a barrel and the price of heating oil had declined by .09 percent. HEAT USA Price Report Today’s average retail heating oil price per gallon: Up $0.03 Morning projection (for Wednesday’s average price per gallon): Up $0.04 The consistent rise in oil [...]

Oil Prices Down Slightly After Crude Hits Yearly High

admin — Mon, 19 Oct 2009 12:04:19 +0000

As of 8:49 am EDT, the price of crude had dropped by .19 percent to reach $78.38 a barrel and the price of heating oil had dipped by .13 percent. HEAT USA Price Report Today’s average retail heating oil price per gallon: Up $0.02 Morning projection (for Tuesday’s average price per gallon): Down $0.02 Oil prices were down after [...]

Oil Prices Steady After Large Gains

admin — Fri, 16 Oct 2009 12:26:30 +0000

As of 9:13 am EDT, the price of crude had dipped by .01 percent to reach $77.57 a barrel and the price of heating oil had declined .11 percent. HEAT USA Price Report Today’s average retail heating oil price per gallon: Up $0.08 Morning projection (for Monday’s average price per gallon): Down $0.03 After repeated gains prices of crude [...]