According to the
investors, the high-ceilinged oil price has come up with positive news for the
U.S. economy. The price rose because of the fact that the private sector added
almost 111,000 jobs in October 2011. The Automatic Data Processing reported
that the service industries got plenty of benefits.
As a result of soaring oil prices, Benchmark crude rose
by 32 cents to end the day at $92.51 per barrel in New York, while Brent crude
lost 20 cents to finish at $109.34 a barrel in London. Last year the Fed
decision supported the prices of oil as well drained $600 billion into a
bond-buying program. Hence, such things influenced the currency and commodity
markets. As a result of alteration in oil price, Benchmark crude mounted 20%
higher in 2010.
T he prices on U.S. oil and gasoline climbed up in the
last week in October 2011 because of less demand for oil. Another point to note
down here is that the demand for distillate supplies that include diesel and
heating oil dropped enormously. However, the demand for distillate supplies,
especially in foreign countries resulted to increase in export.
The retail price on diesel has increased 80.1 cents
higher per gallon, According to, Wright Express and Oil
Price Information Service, gasoline prices fell less than a penny to a national
average of $3.432 per gallon. The price of gasoline is soaring at $4 per
gallon. However, a gallon of regular oil is available at reasonable rate.
According to the energy trading, the heating oil lost
3.72 cents to end at $3.0007 per gallon. Gasoline futures finished at $2.6272
per gallon. Natural gas lost 3.2 cents to end at $3.749 per 1,000 cubic feet.
sumber : http://www.artikelberbahasainggris.com/category/ekonomi
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