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Nessa
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Member Number: 391
Last Online: August 23, 2008
Profile Views: 2504
Sex: female Age: 33 y/o
City: Irvine State: California
Country: United States flag
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Marital Status: Single
Ethnicity: Caucasian
Preferred Language: English
Education: Some college
Political Orientation: Undecided
Income: $30,000-$50,000/year
Net Worth: less than 50 000
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Ideal Portfolio Return: 10%
Investment Interests: Small Cap Stocks
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About Me
Hey, my name is Vanessa, but my friends call me Nessa. I love the nickname because I love Tolkien...Nessa is the seventh queen of the Valar in J. R. R. Tolkien's fictional universe of Eä. Aside from Tolkien, I like long walks on the beach during the day and reading personal finance blogs by night. Mr. Green
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Oil prices reaching new heights and creating jitters
Wednesday August 20, 2008

The crude oil prices suddenly shot up last day in the asian market courtesy an economic slowdown in the US because of which investors have decreased their demands on oils such as Gasoline to create some financial stability. This sudden increase in prices creates worries as the investments are estimated to be quite high. The costs for the September delivery inflated by 42 cents which made the placed the price of a barrel at $114.95. The last report which came in confirmed that the costs had gone up by $1.66.

The US Energy Department is expected to release a report very soon which will also be seen by the investors for the week which just ended in the mid of August. Another information provider, Platts, confirmed that the gasoline inventories had seen a fall of 3 million barrels. The report released by Platts also confirmed that this surprising increase happened inspite of the oil stocks rising last week by 1.7 million barrels. 

The prices again picked up after seing a drastic fall of $35 after the all time high of $147.27 that was recorded in the middle of July. Economic gurus have gone on record saying that until and unless there is an increase in the credi markets in the US, it will be difficult to notice a sustenance in the Dollar. Other tradings have shown mostly fluctuating figures. 

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