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Business Brokerage By Freddie Mooche

the world' exporting countries, particularly OPEC, the Organization of the Petroleum Exporting Countries. The amount of crude oil that these countries produce determines the price per barrel of oil. The next factor that effects gas prices is the cost of refining the crude oil. This makes up about 10% of the total price of gas. The third factor is the cost of transporting the crude oil to a refinery, then the refined gas to a distribution point

Forex Broker (AXcess News) New York - Crude oil prices fell in New York trading Tuesday, closing down under $68 a barrel following OPEC's meeting where oil ministers said that total crude oil output would remain unchanged.

The OPEC would stick to its targets of increasing daily output capacity to 3 million bpd by June this year, and to 4 million bpd by the end of 2007. Crude oil closed up $2.37 a barrel at $62.91 in New York Friday, a 3.91% rise in price. In London, Brent crude oil closed at $62.58, an increase of $2.05 perbarrel. Presidentsaid Nigeria

Online Brokerage Crude oil for March delivery on the NYMEX closed down 43 cents per barrel at $67.92, while in London, Brent crude oil closed down 62 cents at $65.98 a barrel.

to do with fundamentals. According to him, oil supplies are adequate, Saudi Arabia’s production capacity is increasing on schedule, and a potential OPEC production increase will be on the table December 5 at a meeting of oil ministers. He further maintains that OPEC has very little direct control over the price of oil, which is influenced by a myriad of market forces (such as OPEC supply, the U.S. dollar and geopolitical tension), and has not

Real Estate Broker A month ago, oil prices were $61.04 at the end of the month's futures trading session, $6.88 a barrel less or 11.3 percent.

. (EUNN) Royal Dutch Shell PLC shut down an offshore oil field and cutoff the flow of crude to a loading terminal after Nigerian militants took nine foreign oil workers hostage in an attack on Shell'soil facilities in the Niger Delta. A spokesperson for Shell said the EA field was closed as a precautionary meassure following the militants attack. The EA oil field makes up 10 percent of Shell's daily oil production in Nigeria, or 115, 000 barrels a day.

Agency Brokerage Spark Following oil's decline was February unleaded gasoline, which closed down 0.0491 cents at $1.7258 per gallon. Heating oil for February deliver was off .0319 cents at $1.8019 per gallon. Gasoline prices were flat compared to a month ago while heating oil remained 2% above.

oil production could plateau, some industry leaders believe, setting the ne yellestage for a period marked by energy shortages and high prices. OPEC's Divisions Rise to Surface As high crude prices fuel the economic boom in oil capitals, they're reigniting old divisions within OPEC, stirring doubts about the cartel's role

Business Broker With the close of the commodity futures trading contracts today, March became the lead month with unleaded gasoline trading down .037 cents at $1.8051 and heating oil down .0188 cents at $1.8479.

Brokerage Account Libyan oil minister Fathi Hamed Ben Shatwan told reporters that the Organization of Petroleum Exporting Countries would keep crude oil production at 28 million barrels of oil per day.

Stock Broker OPEC will discuss a potential cut in crude oil production when it meets next in March. The market didn't overreact when OPEC announced it would maintain production quotas as oil ministers gave comments out over the weekend as to what to expect.

Brokerage Online Stock Trading While prices remain high, the market is expecting that inventory levels in the second quarter will increase, so the chances of a production cut in March are probably good, though OPEC oil ministers have keeping an eye on global prices more than inventories and raking in much higher returns. That would signal that OPEC is interested in maintaining production levels as long as it can get a high price as well. If consumption eases in the second quarter with warmer weather arriving crude oil prices should come down. Its more a matter of trying to guess just how much oil will drop.

Broker Justin Ticket Analysts are awaiting Wednesday's release of inventory figures from the US Department of Energy. Platts survey says that many analysts expect crude oil inventory to rise 1.7 million barrels during the week ended January 27. Platts saw gasoline stocks rising 1.3 million barrelsand distillate stocks, which includesheating oil, to rise by 900,000 barrels.

Real Estate Brokerage AXcess News believes crude oil inventory will rise 2.1 million barrels and gasoline 1 million barrels while distillate stocks will rise 1.2 million barrels,above Platts survey of analysts polled. That's because warm weather and consumer concern over the economy after the Iran scare of cutting off crude oil production lowered actual consumption further which would have added to inventory build up's last week.

Commodity Broker Holding to the thinking over consumer economic concern, gold closed up above $575 an ounce, the highest level in 25 years and silver followed, closing near $10 an ounce. Silver has not traded that high since 1984.

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