Crude Oil Prices

February 9, 2012 by staff 

Crude Oil Prices, Oil for March delivery was on the rise during the last trading session. Oil prices moved higher during the last session due, in part, to the government data which posted regarding U.S. crude inventory.

According to the report, U.S. crude supplies increased by only 300,000 barrels last week. This mark was below the mark of over 2 million thatanlysts had been anticipating. The Energy Information Administration reported that U.S. demand for petro dropped and as a result, fewer barrels were brought in to replenish the U.S. stockpiles. Oil price finished the day on the positive side of break-even.

Oil price Gas Price End of Day Close Review:

Light crude oil for March closed the last trading session higher by .30 percent, positive .30, at 98.71 per barrel.

Heating oil for March finished the last session lower by .04 percent, negative by .0014, at 3.19 per gallon.

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