OGJ Newsletter

Market MovementEnergy futures prices climb rocky pathEnergy futures prices have tracked a bumpy course while continuing to trend up lately, pushed by continued terrorist acts in the Middle East, worldwide political unrest, market speculation, and growing demand for gasoline in the US.Although crude prices dipped slightly in trading Apr. 28, the expiring May gasoline contract hit a new record settlement of $1.2268/gal, up by 2.01¢ for the day after touching a record trading high of $1.242/gal on the New York Mercantile Exchange.It marked the fourth record-high closing price for that contract in five consecutive trading sessions, starting Apr. 22 when the soaring gasoline market fueled...

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