With oil prices climbing to above $ 100 / barrel, the Arab Peninsula is currently generating export oil revenues of $ 1 trillion dollars a year.
It was a volatile week
with oil prices climbing slowly on Monday and Tuesday, falling by over $ 2 a barrel on Wednesday and Thursday, and then rebounding to close down about 50 cents for the week on Friday.
With oil prices climbing and demand high, drivers are paying more to fill their gas tanks than they have in three years.
Not exact matches
With oil selling for around $ 100 a barrel and gasoline
prices high, sales of cars that plugged in rather than filled up were beginning to
climb.
NEW YORK, April 25 - After losing ground and underperforming the broad market in 2017, U.S. energy shares are
climbing fast
with oil prices and gaining attention from investors who think the trend may hold.
NEW YORK, April 25 (Reuters)- After losing ground and underperforming the broad market in 2017, U.S. energy shares are
climbing fast
with oil prices and gaining attention from investors who think the trend may hold.
It will even help China, once demand catches up
with the vast overbuilding that went on there until recently, and
oil prices will
climb again.
Conversely, should
oil prices continue to
climb and a gas tax is added on top, many won't be so happy
with the immediate impact.
With petrol
prices last week
climbing over 140p for a litre of unleaded fuel for the first time ever (according to Experian Catalist) and the cost of diesel lingering around record highs, sentiment towards the
oil companies has unsurprisingly started to fall again.
NEW YORK After losing ground and underperforming the broad market in 2017, U.S. energy shares are
climbing fast
with oil prices and gaining attention from investors who think the trend may hold.
As I shared
with you earlier this month,
oil prices climbed to two - year highs following Saudi Arabia's purge of princes and ministers.
Canadian homebuilders deny market headed for meltdown • TSX +51.40 pts (Reuters) for a 5th straight session, supported by rising energy shares, which
climbed along
with oil prices, and by a rally in financials.
• TSX +51.40 pts (Reuters) for a 5th straight session, supported by rising energy shares, which
climbed along
with oil prices, and by a rally in financials.
Gas
prices have been
climbing sharply higher in recent weeks,
with the rising cost of
oil.
Oil prices continued to
climb last week and are now up nearly $ 8 a barrel in the past month
with NY futures at $ 69.72 and London $ 74.87.
With miles upon miles of wide open highways, and gas
prices in North Dakota continuing to
climb (despite the
oil and gas boom), it is no wonder more and more motorists are turning to motorcycles for their transportation needs.
Oil price is rising, the US dollar is
climbing with President Trump's new tax cut to raise the US dollar value.