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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