This story is archived

Crude Oil Rises a Third Day on Higher U.S. Gasoline Demand »

Posted by: STONERS 2 years, 9 months ago

Archived 38 0 drops

Oil rose for a third day in New York on signs of increasing demand from U.S. refineries, which need to make more gasoline ahead of the summer driving season.

Read Full Story at bloomberg.com »

Submitted By:

STONERS

Welcome to my profile...I've started a ""STONERS Daily News Group"" Please stop by and have a look and join if you like it ...

This Story is Archived and Commenting is Closed

Comments: 8

Avg rating: (+6/-0 6)
STONERS
March 22, 2007, 11:20 a.m.
``Decreasing inventories of petrol before the driving season starts will keep upward pressure on prices for the next week,'' said Thina Saltvedt, an analyst at Nordea Bank AB in Oslo. ``Tightening fundamentals and increasing geopolitical risk will keep the price close to $60 a barrel.''
Avg rating: (+0/-0 0)
1basque1
March 22, 2007, 12:13 p.m.
I filled up yesterday ...2.43...
Avg rating: (+0/-0 0)
JohntheSpartan
March 22, 2007, 3:30 p.m.
You know... I heard that we can actually make 1 ton of crude oil from 2 tons of coal. I'll try to find a link...
Avg rating: (+0/-0 0)
JohntheSpartan
March 23, 2007, 11:47 a.m.
Yeah, as far as fuel alternatives go, if the Oil companies don't want it to happen, it pretty much won't happen.