IR Your chart shows a consistent drop in the crude-oil price from 1860 to 1973.
The crack spread is the difference between the prices paid for crude oil and the price of refined products.
Slothower believes that Fed will want to see crude oil drop in price before it pumps more money into the economy.
Specifically, Icahn cited widening crack spreads, or the difference between crude oil prices and the price petroleum products that come from refining the crude.
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In a sense it depends very much on OPEC, the oil producing countries and if the price of crude oil internationally goes up then that's going to be reflected in the amount that we pay here on the garage forecourt.
Oil companies have assured us over the last couple of years that the price of crude oil doesn't have a lot to do with it.
Precious metals traders will continue to look to the crude oil market for some price direction.
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Oil shale is an idea that was tested a generation ago, then abandoned when the price of crude oil plunged.
In crude oil, the large price rises in July and August led to selling, while buying occurred in September when prices fell.
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Crude oil is arguably the price leader of the raw commodity sector.
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Some oil shares like Exxon and Chevron were very good buys a year ago, as somehow the price of crude oil stays strong no matter the stagnation in the global economy.
Still, recent price action in crude oil has produced serious near-term chart damage to suggest some more downside price potential for crude in the near term.
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Recent price action in crude oil has produced serious near-term chart damage to suggest still some more downside price potential for crude in the near term.
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From 1999 to present, the price of crude oil per barrel has increased by 650 percent.
Despite recent increases in the price of crude oil, energy prices are below last year's peak.
Currently, natural gas is about one-third the price of crude oil on a per unit energy basis.
Their action started last spring and the price of crude oil has more than doubled since then.
We're talking about the price of gasoline, which is a little different than the price of crude oil.
This is because the situation has triggered an increase in the price of crude oil around the world.
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Any bigger moves in the price of crude oil would likely impact most commodity markets, including the precious metals.
The price of crude oil has jumped to a three-and-a-half-year high on tensions between Iran and the United States and its allies.
The fact that the price of crude oil fell by a few dollars in the immediate aftermath of the announcement could be deceptive.
The recent fall in the price of crude oil has already forced them to co-operate to reduce the cost of developing new oilfields.
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Mr. VAITHEESWARAN: In fact, the single biggest determinant of gasoline prices is the price of crude oil, the main product that goes into making gasoline.
Doing this would help even out variations in the price of crude oil, and it would generate profits to offset the costs of maintaining the SPR.
The good news is that the tick-by-tick, inverse linkage between the price of crude oil and the stock market was not completely in sync on Wednesday.
In other words, because OPEC controls the price of crude oil, all we need to do is tell OPEC to reduce oil prices and Ta-Da!
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Lichtblau, chief executive of the Petroleum Industry Research Foundation in New York, agrees that Chinese demand is helping to drive up the price of crude oil worldwide.
The stock closed down fractionally despite the earnings beat most likely because of declines in the price of crude oil, which applied pressure to the entire sector.
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