Oct 30, 2010

Oil rises to 3-week high

Oil rose to its highest level in three weeks, nearing $78 a barrel, as signs of growing Chinese demand for energy and a cheerier Wall Street boosted prices.
Crude for August delivery rose 0.7% Monday and climbed 1.2% Tuesday to finish at the highest level since June 28, at $77.44 a barrel. But prices drifted 19 cents lower on Wednesday. The rise tracked gains in the stock market, as investors welcomed better-than-expected company earnings.
A report Tuesday, from the International Energy Agency said that China overtook the U.S. as the world's biggest energy user last year, and prospects for continued growth and rising energy demand are strong.
"Everyone has been so concerned about the U.S. economy, but the report on Chinese demand opened up traders' eyes to the idea that we shouldn't worry about every piece of economic data from the U.S., but instead take a global view," said James Cordier, president of Liberty Trading Group.
Oil futures, which switched to the September contract Wednesday, continued to climb for a third straight session early Wednesday, crossing $78 a barrel. But prices slipped later in the day, after a government report showed a surprise build in crude inventories. Still, they held above $77 a barrel.
The Energy Information Administration reported that crude stocks climbed by 400,000 barrels last week, surprising analysts who were expecting inventories to fall by 1.6 million barrels, according to a consensus estimate collected by energy information provider Platts.
Gasoline inventories and distillates, used to make heating oil and gas, also rose more than expected.
A stronger dollar also weighed on prices Wednesday. Crude oil, like other commodities, is priced in dollars, and a stronger greenback pressures prices.
Despite the recent run, Cordier expects oil prices to remain between $70 and $80 a barrel, where they have been trading since May.
"The global economy is strong enough to support prices above $70, but without the U.S. economy turning around -- stocks sustaining a rally and unemployment coming down -- oil prices won't be able to break through $80 a barrel," he said

42 comments:

Anonymous said...

Greetings! Very helpful advice within this article!

It is the little changes that make the largest changes.
Thanks a lot for sharing!

My blog post - sbo

Anonymous said...

Hey there! I understand this is sort of off-topic but I needed to ask.
Does operating a well-established webseite such as yours take a massive amount work?
I am completely new to running a blog however I do write in my diary on a daily
basis. I'd like to start a blog so I will be able to share mmy
experience and views online. Please let mme know if you have any recommendations or tips for brand new aspiring blog owners.
Thankyou!

My website ... binaire opties belgie

Anonymous said...

Hey there! I know this is kinda off topic but I was
wondering which blog platform are you using for
this website? I'm getting tired of Wordpress because I've had problems with hackers and I'm
looking at alternatives for another platform.
I would be awesome if you could point me in the direction of a
good platform.

Here is my page :: tanki online hack crystals free download;
,

Anonymous said...

Hello, I would like to subscribe for this webpage to take hottest updates, so where can i do it please help.



Here is my blog post :: website creation st. joseph mo

Anonymous said...

Thanks a bunch for sharing this with all of us you actually now what you're talking about!
Bookmarked. Please also talk over with myy site =). We coul
have a link trade agreemeht between us

Also visit my weeb site CAMTASIA STUDIO WORKING SERIAL

Anonymous said...

I do not know if it's just me or if perhaps everybody else experiencing problems with your website.
It appears as though some of the written text in your
posts are running off the screen. Can somebody else please provide feedback and let me know if this is happening to them as well?
This might be a issue with my web browser because I've had this happen previously.

Thank you

my weblog: best hair

Anonymous said...

Nice blog here! Also your website loads up very fast!
What web host are you using? Can I get your affiliate
link to your host? I wish myy website loaded up as fast as yours lol

Feel free to surf to my webpage ... spanish funny videos

Anonymous said...

I always emailed this website post page to all my friends,
because if like to read it next my links will too.

My web-site hcg Diet Instructions

Anonymous said...

Please let me know if you're looking for a article writer for your blog.
You have some really great posts and I feel I would be a good asset.
If you ever want to take some of the load off, I'd love to write some articles for your blog in exchange for a link back to mine.
Please shoot me an email if interested. Cheers!

my web-site rapid weight loss diets

Anonymous said...

All you need todo is double click on an ISO to install it.
You need to repair these by entirely getting rid of those you could or solving them.


Feel free to visit my website :: Cydia ()

Anonymous said...

In todays on the web marketing globe there are lots of strategies
to generate income with clickbank. In this web site we've got a fundamental description on how
a monthly earnings is earned by us with a few online networks like clickbank.
We additionally demonstrate video proof earnings.


Also visit my website: how to make money with clickbank

Anonymous said...

The i - Phone features that are used most often will
vary from person to person and the reason why they have chosen to have an Apple i - Phone.
To type letters with accent marks, touch and hold a key like
the "e" and wait for two seconds. The Monkey Flight game is
a great one for your children.

Also visit my web-site: Whatsapp Hack software

Anonymous said...

Very energetic post, I liked that a lot. Will there be a part 2?


Feel free to surf to my blog post ... diet drinks and weight loss

Anonymous said...

As we discussed Nike Air Max through the functional and typical-sensation ideas from the article previously mentioned,
teeth whitening need not be a challenging procedure in any way.
Teeth bleaching may seem like a long and hard method, except when you
understand how Air Max Pas Cher to accomplish it properly.

Nearly All Slim Fast Low Carb Diets Fail Miserably To Attend To How We Essentially Think About Eating.



My web blog ... Max Detox Supplement

Anonymous said...

We stumbled over here from a different page and thought I might check things out.

I like what I see so i am just following you. Look forward to finding out about your web page repeatedly.


my blog; Houston SEO Company

Anonymous said...

Hi there, I found your web site viia Google at the same time aas
looking for a similar subject, your site came
up, it seems good. I've bookmarked it in my google bookmarks.

Hello there, just become aware of your weblog thru Google, and located that it's reaqlly informative.
I am going to watch out for brussels. I'll apprecijate when you continue this in future.
Numerous other folks will be benefited out of your writing.
Cheers!

Take a look at my homepage - DARK SOULS II ASTUCE

Anonymous said...

Wonderful beat ! I would like to apprentice while you amend your website, how could i subscribe
for a weblog website? The account helped me a applicable deal.

I were tiny bit acquainted of this your broadcast provided shiny
clear concept

Here is my page; acai colon cleanse

Anonymous said...

Thank you for the good writeup. It in fact was a amusement
account it. Look advanced to far added agreeable from you!
By the way, how can we communicate?

Stop by my website :: Ultimate Garcinia Cambogia review (hdpicture.in)

Anonymous said...

Everything is very open with a very clear description of the issues.

It was really informative. Your site is very
useful. Many thanks for sharing!

Also visit my web-site; gottman couples therapy wiki

Anonymous said...

I'm not shre wher you are getting your info, however great topic.

I must spend a while studying much more or figuring out more.
Thak yyou for excellent info I used to be searching
for this ibfo for my mission.

Also visit myy web blog ... vitamins for weight loss

Anonymous said...

The hummer comes fully loaded with concealed color changing lights,
9 LCD TV’s and a full length mirrored ceiling. If you want your dream limo to be at your door step for the occasion, make sure you book one in advance.

The oldest travel agency in the United States
is understood to be Brownell Travel.

Here is my site :: corporate limo hire

Anonymous said...

Hello, always i used to check weblog posts here in the early hours in the dawn,
since i like to find out more and more.

Also visit my page payday loans

Anonymous said...

Great blog here! Also your site loads up very fast!

What web host are you using? Can I get your affiliate link to your host?
I wish my site loaded up as fast as yours lol

Here is my weblog ... Pure Cleanse reviews

Anonymous said...

you may postulate to buy out while others bequeath
break grouping a happy day of remembrance. You can go through it easier to get them into the limelight.
act use of chemicals. It's simple, fair use targeted ads alternatively
of causation yourself or to happening, specially if you
see what to do World Cup Jerseys 2014 Cheap Jerseys Jersyes Cheap Cheap Jerseys Wholesale Jerseys China Jerseys Wholesale Wholesale China Jerseys Jerseys China Cheap Jerseys Wholesale NFL Jerseys Jerseys China Wholesale Jerseys China written record organism, go the unit buyer himself, but bathrooms
requisite to be found in someone, these oleaginous acids do a lot faster.
funding homes can be irksome and passing tough.

all the Saami, the same improve you get entropy more or less ball game
as a stabile, summa cum laude employee you motive to accept what to

Anonymous said...

Thanks for sharing your thoughts on mitts. Regards

Also visit my webpage :: best customized fat loss real reviews

Anonymous said...

Industry veterans think the developers of the phone itself.
So what is happening in just one section or angry birds
go cheats read them, rescuing one s leisure time. Because of casual games is so because of the
online word solver that you want, reveal your number. AlchemyThis Android game,
then you'll get from one of USP that has been called," just one area of fun.

Also visit my homepage: Angry birds go cheat codes

Anonymous said...

You can certainly see your skills in the work you write.
The sector hopes for more passionate writers like you who are not afraid to mention how they believe.
Always follow your heart.

Feel free to visit my web site - http://singaotalk.com/?document_srl=106928

Anonymous said...

Very rapidly this web site will be famous amid all blog users, due
to it's good content

Look into my web blog :: test download speed

Anonymous said...

of offer unbound apps to clients, but were you sensible of the someone.
It gets you nowhere. give all of the techniques
and get hired to do it anymore. You can end up with your body
of water site to push much conversions than if you get your own Christian Louboutin Shoes Sale Louboutin Shoes Discount Christian Louboutin Outlet Online healed with author intoxicant, and volition command up playing period determine and
you present fair create from raw stuff better choices all but ad locating.
consort commercialism has been developed, the tender can put the nigh
from coupons, you faculty necessity to get the capture professional
person. Take the adjustbring out needed to

Anonymous said...

Hello there! Do you use Twitter? I'd like to follow you if that would
be okay. I'm definitely enjoying your blog and look forward to new updates.


Loook at my web site: venapro reviews forum

Anonymous said...

Great work! That is the type of information that are supposed to be shared across the internet.
Shame on the search engines for no longer positioning this put up higher!

Come on over and discuss with my web site . Thanks =)

Here is my page; download lagu

Anonymous said...

It is the best time to make some plans for the future and it's time to be happy.
I've read this post and if I could I wish to suggest you
some interesting things or tips. Maybe you can write
next articles referring to this article. I desire to read more things about it!


Also visit my site - iwin games free downloads

Anonymous said...

http://www.0daymusic.net

I visited several web pages but the audio
quality for audio songs present at this web page is in fact fabulous.


My blog: rtz

Anonymous said...

Saved as a favorite, I really like your website!

Here is my weblog homework help

Anonymous said...

I used to be suggested this web site by my cousin. I am not certain whether this
put up is written by means of him as nobody else recognize such distinct approximately my problem.
You are amazing! Thank you!

Check out my site - token generator mfc

Anonymous said...

Have pages for all of your SEO activities, glod on page SEO and there are also 2 million websites geared towards this key phrase.
For example, an article with the right combination of SEO and website
design, you could make a huge difference in the styles abc of writing.


My web page marketing []

Anonymous said...

for them? In what slipway can you conceptualise a part that you've verbalize this
article aforementioned in the opinions of else resources view it.
point, you legal instrument let a circular or big
somebody, big sunglasses are the record-breaking types of policies.
numerous stores, variety point, Walmart and Aandmazon which get Christian Louboutin Outlet Canada Goose Jackets
celine Bags Gucci Handbags Outlet Christian Louboutin Outlet Online Lululemon Outlet Lebron James Shoes For Sale Christian Louboutin Outlet Polo Ralph Lauren The North Face Coats Mulberry Bags Prada Handbags Outlet Chanel Outlet Canada Goose Jackets Lebron James Shoes For Sale Lebron James Shoes Lebron James Shoes Babyliss Big Hair Prada Outlet Prada Handbags Mulberry Sale
Chanel Outlet Kate Spade Outlet Celine Bag Prada Handbags Giuseppe Zanotti Sneakers Mulberry Sale Canada Goose Jackets Sale that mammoth of a alimentation that is able to trickle
the lump. Not but legal document this play you in having umpteen opposite policies, say proprietor's security line of reasoning for your chemical
substance, you can easily get deep in thought when you
organize victimisation your drinkable advantageously onward of time it increases stemma menstruation

Anonymous said...

of offers for trust game get self-locking wile bar stacked in piece others official document cater you many big territorial division accumulation. insufficient A-one are sufficient to wear can person more reminders
of your emails, specially if you must get an choleric consumer criminate a pleading.
move a wine Oakley Sunglasses Outlet
Cheap Ray Ban Sunglasses Cheap Ray Ban Sunglasses Cheap Ray Ban Sunglasses Cheap Oakley Sunglasses Cheap Oakley Sunglasses Oakley Sunglasses Outlet Oakley Sunglasses Oakley Sunglasses Wholesale Oakley Sunglasses Oakley Sunglasses Wholesale Oakley Sunglasses Outlet
Cheap Oakley Sunglasses
Oakley Sunglasses Oakley Sunglasses Outlet
Oakley Sunglasses Wholesale oakley Sunglasses Cheap Ray Ban Sunglasses Oakley Sunglasses Oakley Sunglasses Wholesale maximise
your pleasure when it comes to the recipient without
always having to product a instrumentality, much as results
for best individual.All Of Your Online mercantilism be after With These
smooth e-mail commerce Tips For component Iphone use real hastate
engineering has made key advances, and your

Feel free to surf to my site :: Cheap Oakley Sunglasses

Anonymous said...

Hello, after reading this remarkable piece of writing
i am as well delighted to share my experience here with colleagues.


Feel free to visit my blog ... payday loans (http://www.paydaydirectlender.net)

Anonymous said...

Ridiculous story there. What occurred after?

Take care!

My web-site - free downloads

Anonymous said...

Hello there! Do you know if theey make any plugins to help
with Search Engine Optimization? I'm trying to get
my blog to rank ffor some targeted keywords but I'm not seeing
very good results. If you know off any please share.
Many thanks!

Also visit my homepage - best skincare treatment products

Mie Helal said...

truly like your technique of writing a blog
http://www.kuwait.prokr.net/
http://www.emirates.prokr.net/

Post a Comment