|
"Current global economic activity and oil market fundamentals do not justify today's elevated price levels," said energy analyst Richard Soultanian with NUS Consulting. However, "it's clear that the (Iran) situation will not resolve itself quickly and markets will be driven largely by headline risk and not fundamentals for the foreseeable future." In other Nymex trading, heating oil gained 0.1 cent at $3.04 per gallon and gasoline futures were little changed at $2.75 per gallon. Natural gas futures were down 0.4 cent to $2.99 per 1,000 cubic feet.
[Associated
Press;
Copyright 2012 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor