Petroleum Demand Increases Firms Prices

Crude oil and natural gas prices continue to gain strength on news of increased demand.

Oil futures on NYMEX for February delivery closed Wednesday at $63.57 per barrel its highest mark since Dec. 9, 2014.  Natural gas for distribution at Henry Hub in Louisiana closed at $2.906 Wednesday.

The Energy Information Administration (EIA) reported that oil inventories declined again last week makin...

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Oilman Jan-Feb 2018

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