AGORACOM News Flash

HOT OFF THE AGORACOM BLOG ....

1. Pacific North West Capital Corp. Announces High Grade
Gold of 51.66 g/t Read More.

2. Markets, Money and Life With Grandich and George –This week’s show covered important and relevant topics to this week’s market action including The Grandich $50,000 Challenge To Any Gold Bear, Fed ramps up discount rate to 0.75% and Why Peter sees his $1,300 – $1,500 gold target accelerating after the IMF announcement. Read More.

3. This week's featured Chinese small-cap companies Read More

4. AGORACOM Clients attending the PDAC... Read More

HOT OFF AGORACOM TWITTER ....

1. Toronto Airport adds random security check zone right after standard security line. Insanity. Why? Read More

AGORACOM MOBILE ....

Made available very soon ....

Message: Oil Prices Near New Highs for the Year

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »

AGORACOM

Rank: [?]

President

Points: [?]

11204

Rating: [?]

Votes: 29 Score: 4.0

Currently 4.0/5 Stars.

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Oil Prices Near New Highs for the Year

posted on Mar 09, 09 12:35PM

An article from the Associated Press states that oil prices are nearing their high for the year as investors are gearing up for a round of production cuts from OPEC.

The article stated the following:

Benchmark crude for April delivery gained $1.58 to $47.10 a barrel on the New York Mercantile Exchange. Prices reached as high as $48.83 earlier in the day. A barrel of oil last cost more than $50 in early January.

Oil has been ready for a recovery, and historically it's hard to find a 30-day window kinder to the market than about March 15 through April 15, said Tom Kloza, publisher and chief oil analyst at Oil Price Information Service.

Gasoline prices are sure to follow that rough trajectory upward as the U.S. heads into driving season.

Kloza said prices seem to be heading toward the $50 threshold.

To read the article in its entirety simply click on the following link:

http://www.google.com/hostednews/ap/...

AGORACOM is pleased to have brought you this Industry Report pertaining to the oil and gas industry and how it may affect Lexaria. Feel free to comment on this report or any other facet of the company's business. We encourage constructive dialogue pertaining to the business ventures of Lexaria

AGORACOM Investor Relations

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »