Last month, wholesale prices in the U.S. dropped 0.6%, which is their biggest decrease in over two years. Retail sales fell 0.5%, their most in nearly one year.
Oil Prices Move To Closer to Peak
Oil prices in New York today continue to climb; hitting $56 a barrel in afternoon trades. This comes after OPEC announced they will seek to raise the official production level by 500,000 barrels.
Psychology of Setting Prices
Pricing is one of the four major components of marketing. Psychological pricing forms one of the key elements of demand pricing wherein the consumer demand is the main focus. The price and quality relationship that governs the central theme of the consumer market relationship is surrounded by uncertainty and gives the consumer the perception that higher the price, better the quality.
Oil Prices Head Up As Arlene Heads To the Gulf
Oil futures moved up today in New York amid fears of complications to Gulf supplies as Tropical Storm Arlene makes its way past Cuba and into the Gulf of Mexico.
Oil Prices Head Up After EIA Report
After anticipation of rises in both crude oil and gasoline supplies, U.S. inventories dropped in both categories according the weekly Department of Energy report. As a result light sweet crude might an ugly, sour rally in midday trading.
Oil Prices Rollercoaster Up to $55, Barrel Down Below $53
Following the weekly report on crude inventories from the Energy Information Administration, prices for New York’s July contract on light sweet crude took off past $55 after opening at $53.30.
Keyword Ad Prices Take A Nosedive
The Fathom Online Keyword Price Index, the best indicator of earnings trends in the search ad industry, dropped 15% in May, almost entirely on a massive correction in inflated mortgage keyword prices.
Oil Prices Spike Past $55 on Energy Report
Light sweet crude prices continued to skyrocket to the highest prices in weeks and closing in on the all time high of over $58 a barrel back in early April. The price in New York traded up to $55.40 after the Department of Energy released it’s weekly report this morning.
Oil Prices Skyrocket over $51 A Barrel
Light sweet crude kicked it up a notch when the U.S. Dept. of Energy (DOE) reported a drop in crude inventories for only the second time in last 3 months. Futures traded as high as $51.65 in New York on midday ticks. North Sea Brent crude was also trading up over a dollar at 50.15.
Oil Prices Settle High at $49.15
Light sweet crude prices remained high today settling in at $49.15 in New York this afternoon on the July contract. The high prices come after the June contract closed under $47 last Friday. London’s North Sea Brent crude finished at $48.37 a barrel up 34 cents for the day.