Speaking of Oil, I’m on the road in Texas, but I had to throw up a quick post on yesterday’s trading in energy — it was fairly astonishing.

These charts really don’t do this justice –  watching oil tick up all day — rising $4.39 on the day; Natural gas closed over $12 for the first time ever:

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Rita’s Impact on Energy Prices
click for larger chart

101905_energy_trading

Chart courtesy of WSJ

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Source:
Oil Prices Rise As Gulf Storm Looms
Threat to Facilities Trumps OPEC’s Reiterated Promise To Raise Output if Needed
BHUSHAN BAHREE in Vienna and RUSSELL GOLD in Austin, Texas
THE WALL STREET JOURNAL, September 20, 2005; Page A2
http://online.wsj.com/article/0,,SB112713165802844779,00.html

Category: Commodities, Trading

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One Response to “Rita & Fuel Prices”

  1. Sarah Michals says:

    Manpower is currently running a survey regarding how the rising gasoline prices are affecting people’s ability to get to work. If anyone is interested in taking this quick survey, please visit: http://www.manpower.com/mpcom/content.jsp?articleid=416