Oil prices rise yet again in US - GoFuckYourself.com

DVTimes · 10-14-2004, 05:10 PM

The price of crude oil has yet again risen to record highs in New York, driven up by official data showing a decline in key heating oil stocks.
A barrel of US light crude jumped $1.12 to end Thursday trading at $54.76, after briefly going as high as $54.88.

The decline in US heating oil stocks by 1.2 million barrels to 50 million prompted concern as consumption is expected to rise in the winter.

In London Brent crude rose 79 cents to finish the day at $50.84 a barrel.

Oil prices are up 60% this year fuelled by strong demand and supply concerns.

Other factors

US oil analysts said the prolonged outage of oil production in the Gulf of Mexico after Hurricane Ivan last month was another factor which continued to bolster prices.

In London Brent crude also rose, gaining 55 cents to $50.60 a barrel.

The president of oil producers group Opec, Purnomo Yusgiantoro, said on Thursday that world oil prices would continue to rise through to the end of October because of high demand.

In addition to the US this demand is being led by continuing record consumption in fast-growing China.

On the supply side a strike in Nigeria and ongoing security concerns in Iraq and the wider Middle East are other contributory factors to the seemingly endless rise in the price of oil.

This is despite recent fresh pledges from Saudi Arabia and Kuwait, both leading members of Opec, that they will raise output levels in order to keep the markets well supplied.

http://news.bbc.co.uk/1/hi/business/3744094.stm

directfiesta · 10-14-2004, 05:16 PM

that is what happens during "uncertain" times ...

SpikeHeel · 10-14-2004, 05:25 PM

Not a good news. If oil price gets high , everything follows...

NichePay_Manny · 10-14-2004, 06:24 PM

U got it higher oil prices worse economic time for all of us.Thanks to MR BUSH.

tonkagunner · 10-14-2004, 06:47 PM

time to get a bike

TheJimmy · 10-14-2004, 06:50 PM

just saw the gas station down the street charging over 2.50 a gallon for the shitty stuff...

time to trade in the tahoe for an old VW squareback ;)

Rich · 10-14-2004, 06:59 PM

Quote:

Originally posted by directfiesta
that is what happens during "uncertain" times ...

No it's what happens when oil executives are running the White House.

reynold · 10-15-2004, 02:19 AM

it's nearing the holidays. that's why

10-14-2004, 05:10 PM	#1
DVTimes xxx Industry Role: Join Date: Jun 2003 Location: UK Posts: 31,544	Oil prices rise yet again in US The price of crude oil has yet again risen to record highs in New York, driven up by official data showing a decline in key heating oil stocks. A barrel of US light crude jumped $1.12 to end Thursday trading at $54.76, after briefly going as high as $54.88. The decline in US heating oil stocks by 1.2 million barrels to 50 million prompted concern as consumption is expected to rise in the winter. In London Brent crude rose 79 cents to finish the day at $50.84 a barrel. Oil prices are up 60% this year fuelled by strong demand and supply concerns. Other factors US oil analysts said the prolonged outage of oil production in the Gulf of Mexico after Hurricane Ivan last month was another factor which continued to bolster prices. In London Brent crude also rose, gaining 55 cents to $50.60 a barrel. The president of oil producers group Opec, Purnomo Yusgiantoro, said on Thursday that world oil prices would continue to rise through to the end of October because of high demand. In addition to the US this demand is being led by continuing record consumption in fast-growing China. On the supply side a strike in Nigeria and ongoing security concerns in Iraq and the wider Middle East are other contributory factors to the seemingly endless rise in the price of oil. This is despite recent fresh pledges from Saudi Arabia and Kuwait, both leading members of Opec, that they will raise output levels in order to keep the markets well supplied. http://news.bbc.co.uk/1/hi/business/3744094.stm __________________ The Affiliate Program

10-14-2004, 05:16 PM	#2
directfiesta Too lazy to set a custom title Industry Role: Join Date: Oct 2002 Location: Montreal, Quebec Posts: 29,668	that is what happens during "uncertain" times ... __________________ I know that Asspimple is stoopid ... As he says, it is a FACT ! But I can't figure out how he can breathe or type , at the same time ....

10-14-2004, 05:25 PM	#3
SpikeHeel Confirmed User Join Date: Oct 2003 Location: Venus Posts: 1,531	Not a good news. If oil price gets high , everything follows... __________________ 100% exclusive fetish content - 60% recurring CCBill program No pop-ups – No traffic leaks – No cross sells – Hosted galleries – Promo content - Free Hosting - ICQ: 228585136

10-14-2004, 06:47 PM	#5
tonkagunner Confirmed User Join Date: Mar 2003 Posts: 830	time to get a bike __________________ Traffic Cash Gold

10-14-2004, 06:50 PM	#6
TheJimmy ICQ- five seven 0 2 5 5 0 Join Date: Jan 2001 Posts: 10,747	just saw the gas station down the street charging over 2.50 a gallon for the shitty stuff... time to trade in the tahoe for an old VW squareback ;) __________________ Investor with 5m - 15m USD to invest. Do you have a site or network of sites earning 50k - 200k a month income? Email your contact and preliminary data to: domain.cashventures (at) gmail.com....Please...no tire kickers...serious offers and inquiries only.

10-14-2004, 06:24 PM	#4
NichePay_Manny Registered User Join Date: Jul 2004 Location: Los Angeles, Ca Posts: 1,833	U got it higher oil prices worse economic time for all of us.Thanks to MR BUSH.

10-15-2004, 02:19 AM	#8
reynold Too lazy to set a custom title Join Date: Oct 2002 Location: Global Traveler Posts: 51,271	it's nearing the holidays. that's why