Tom Knight News
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Gasoline rose from a seven-month low amid refinery problems in the Gulf and East Coasts.
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Gasoline fell to a four-week low on speculation that Greece is nearing default, threatening the financial stability of Europe and raising concern that fuel demand growth will slow.
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Gasoline declined to a two-week low amid speculation that slower U.S. economic growth will curtail demand for the motor fuel.
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Gasoline fluctuated on speculation refinery units offline at plants owned by Sunoco Inc. and ConocoPhillips after Hurricane Irene may curtail fuel supply and as equities rose.
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Gasoline rose to a three-week high on speculation that Hurricane Irene, a Category 3 storm, may disrupt East Coast refinery production and fuel distribution.
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Gasoline futures gained the most since Aug. 3 as equities advanced on speculation that the Federal Reserve will act to spur economic growth.
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Gasoline fluctuated on speculation that gasoline may rebound from its lowest level in more than a week and as equities extended this week’s losses, indicating lower fuel demand.
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Heating oil declined amid concern that Europe’s debt crisis will hinder economic growth and curb fuel demand.
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Gasoline fell for the first time in three days on speculation that prices rose too high without confirmation that flooding on the Mississippi River will cut fuel supplies.
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Heating oil and gasoline rose to their second consecutive yearly gains and the highest year-end prices since 2007 after the dollar slipped as confidence in the economic recovery prompted investors to turn to riskier assets.
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