Refer your friends and get $50.00 towards your next order!
|
CONTACT THRIFTY PROPANE:
HOURS OF OPERATION :24/7 365
MAIN LINE 800-879-3152
BILLING DEPARTMENT: EXT. 301
TANK SCHEDULING OR REPAIR: EXT. 715
|
New Customers
Fill your Tank and get 7 cents off per gallon.
|
U.S. Oil Prices Rise Above $60 a Barrel
By Nicole Friedman
Updated May 5, 2015 7:43 p.m. ET
U.S. oil prices topped $60 a barrel Tuesday for the first time since December, extending a rally that has surprised many investors almost as much as the steep selloff that bottomed in mid-March.
Nymex crude is up 39% since St. Patrick's Day, in a surge fueled by rising demand and the prospect of receding supplies. Investors have piled in on expectations that a sharp drop in drilling activity, an anticipated decline in U.S. crude production and rising demand will shrink a global glut of crude in coming months.
"The rebound has started, full-blown," said Gary Ross, founder of consulting firm PIRA Energy Group. "Demand is going up, supply growth is coming down....This should lead to stronger prices."
While many investors and traders expect prices to keep rising, they caution that the current surplus of crude oil could keep the market well below the triple-digit prices seen in recent years. Others say the market is getting ahead of itself, and prices could slump again in the summer or early fall.
The rapid rise in oil prices has boosted energy stocks and comes alongside a weakening dollar, which makes dollar-traded oil more affordable to buyers using foreign currencies.
Crude Oil prices have gone up over 40% from its fall. And as of today its close to $62.00 per barrel.
|