Tag Archives: gasoline
Valero Energy quadruples profit in 3Q, stock drops
Valero Energy (NYSE:VLO) is traded nearly 2 percent lower this morning after the oil refiner released the results from its third quarter. Net income quadrupled during the three month period as the company cashed in on higher prices for gasoline …
Safeway down despite beating expectations in 3Q
Safeway Inc. (NYSE:SWY) is trading 3 percent lower today despite reporting a 6 percent increase in net income during its third quarter. The grocery store chain attributed the increased earnings to cost control efforts as well as the increased revenue …
Oil up as supplies drop and stimulus speculation grows
Oil is trading slightly higher today due to the sharp decrease in crude oil supply last week.
The Energy Department’s Energy Information Administration reported that oil inventories dropped by 7.3 million barrels last week, way more than the 1 million …
Crude oil supplies drop by 6.7 million barrels
According to the Energy Department’s Energy Information Administration crude oil supplies fell last week by more than double what analysts had expected, gasoline supplies grew.
The government agency stated that supplies of crude fell by 6.7 million barrel, or 1.9 …
Crude supplies drop by 4 million barrels
According to the Energy Department’s Energy Information Administration crude oil supplies fell last week while gasoline supplies grew.
The government agency stated that supplies of crude fell by 4 million barrel, or 1.1 percent to 353.1 million barrels, 1.9 percent …
Oil supplies rise more than expected, gasoline supplies drop
According to the Energy Department’s Energy Information Administration the country’s crude oil supplies rose last weak while gasoline supplies dropped.
The government agency said that crude oil supplies rose by 5.3 million barrels, or 1.5 percent to 357.1 million barrels …
