211560 Resource 133514 120646 120646 1219327647154 1219327647154 Controlled Gasoline Inventories Affect Oil Prices

Oil futures on the commodities market

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">Right now, <a href="item/211454" target="_blank" title="gasoline inventories, oil prices, oil futures, commodities market, spread bets oil prices, spread betting commodities, U.S. dollar, forex trading">oil prices</a> continue their jerky climb higher, after plunging earlier this month and last month. One of the latest bits of news to affect oil prices is that of gasoline inventories. <a href="http://www.huffingtonpost.com/2008/08/21/oil-prices-dance-ahead-of_n_120315.html" target="_blank" title="gasoline inventories, oil prices, oil futures, commodities market, spread bets oil prices, spread betting commodities, U.S. dollar, forex trading">The Huffington Post reports on gasoline inventories</a>:</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /></font><div style="margin-left: 40px; font-family: verdana,arial,helvetica,sans-serif;"><font size="2"><span style="font-style: italic;">Gasoline inventories shrank by a larger-than-expected 6.2 million barrels to below-average levels in the week ended Aug. 15, the U.S. Energy Department's Energy Information Administration said Wednesday.</span><br /></font></div><font size="2"><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-weight: bold; font-family: verdana,arial,helvetica,sans-serif;"><span style="font-weight: bold;">Other factors fueling oil prices</span></span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">There are other factors behind the rise in oil prices, though. A rather broad number of issues are piling up on top of gasoline inventories to fuel the rise in oil futures:</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /></font><ul><li style="font-family: verdana,arial,helvetica,sans-serif;"><font size="2">Weaker U.S. dollar in forex trading.</font></li><li style="font-family: verdana,arial,helvetica,sans-serif;"><font size="2">OPEC is indicating it may reduce output.</font></li><li><font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">Tensions continue between the U.S. and Russia.</span></font><br /></li></ul> 9 application/xml false commodities market forex trading gasoline inventories oil futures oil prices spread bets oil prices spread betting commodities U.S. dollar Futures on the commodities market http://www.gftfutures.com Spread betting on commodities http://www.gftuk.com/land/index.asp?aid=53 Mozilla/5.0 (Macintosh; U; Intel Mac OS X; en-US; rv:1.8.1.16) Gecko/20080702 Firefox/2.0.0.16 127.0.0.1 127.0.0.1 mmarquit 66.182.71.18 false true false false true 133514 blog blogsite/GFTUK/web