Bitter Bierce http://bitterbierce.wordpress.com Oil, oil and oil Mon, 22 Jan 2007 17:27:19 +0000 http://wordpress.com/ en hourly 1 http://www.gravatar.com/blavatar/b41ab9035ca558ed0332332bb34fbbc1?s=96&d=http://s.wordpress.com/i/buttonw-com.png Bitter Bierce http://bitterbierce.wordpress.com Crude Oil prices rise http://bitterbierce.wordpress.com/2007/01/22/crude-oil-prices-rise/ http://bitterbierce.wordpress.com/2007/01/22/crude-oil-prices-rise/#comments Mon, 22 Jan 2007 17:27:19 +0000 traceralpha1 http://bitterbierce.wordpress.com/2007/01/22/crude-oil-prices-rise/ ]]>

Oil prices are on the up again especially in New York “Demand in the Northeast, the biggest consumer of heating oil in the U.S., will increase 4 percent in the week ended Jan. 26, according to the forecaster Meteorlogix LLC. That’s pushing up prices after five straight weeks of declines, the longest losing streak since a six-week drop ended in December 1998.”

The cost per barrel of oil rose by over 4% on the New York Mercantile Exchange which is a numerical increase of over $1 each!

More details to come

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