Heating Oil Commodity Prices Rose on Both NYMEX

Heating and Crude oil prices rose slightly on both the NYMEX, but not enough to lift the current retail oil prices. Oil prices were governed by the recent report of an increase in U.S. petroleum inventories and concerns about the ability of Ireland to pay his debts. But the unexpected announcement of a refinery in New Jersey to close for one month to install new equipment outweigh these concerns and has led tooil prices ended the day higher.

According to Bloomberg, ?You can plant 145,000 barrels per day of gasoline and 110,000 barrels per day of distillate. Despite a dip in U.S. production of both products, oil stocks continued to record high levels, and will continue to reduce crude and product price increases in the medium term. Oil prices have raised dots on optimistic economic news from Germany, but assuming that this week the mix of positive and negative news, the price of oil could both directions during the trading day. home heating oil prices nj oil price trend home heating oil price forecast 2010 september oil prices current heating oil prices in nj 2010 home oil prices price of home heating oil in nj heating oil price 2011 heating oil price forecast home oil prices nj