Oil rises to near $79 on strong US growth data

With the recession trailing off slowly and the economy finding its way back to a livable way we look to another contributing factor, oil.

Oil prices rose on Thursday, bringing the cost up to $79 a barrel once data was received on US economy growth. In Europe, bench mark crude delivery had jumped to $1.51 to $78.97 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell by $2.09 making the settling price $77.46 on Wednesday.

Also on Wednesday gasoline stocks rose to 1.7 million barrels according to the Energy Information Administration, crude supplies also rose to 900,000 barrels last week. Crude supplies since last week has retreated to $82 a barrel which is a high for 2009. The US dollar gained backs some of its losses from recent months.

Commodities are priced in dollars so they become more expensive making them not as intriguing to international investors when the US currency rises. The Euro rose from $1.4714 to $1.4799 on Thursday while the dollar gained 91.24 yen from 90.64.

Gas prices are rising back up and have been over the period of the past two weeks. The average price for a gallon of gas is less than a penny below highs reached during the driving season.

Gas prices have fluctuated many times over this recession. At one point they were up as high as $5 a gallon in some places while other places were running out of gas based on people trying to get the cheapest gas. So now it should be no shock to anyone they are once again going up. However, this does make it that much harder for those who are unemployed and trying to look for a job. For the most part to find a job people have to get out there in the world and look for one which costs gas. So if it's not one thing it's another when it comes to the economy.

Unemployment is continuing to rise as gas prices began to rise also which are two issues that are very bad for people trying to live in the world. The good thing is, is there may be an answer to the problem, Paintless Dent Repair. Paintless Dent Repair has been around for a few decades now and people are going into shops more and more based off its ever-growing popularity and effectiveness. Paintless Dent Repair can be done on just about any vehicle where there is a dent but the paint is not messed up.

You could earn a career in Paintless Dent Repair and be earning up to $100 per vehicle you fix and send back on the road and best of all you could own your own business and work for yourself instead of someone else. You will always have a job as long as there are cars on the road and if this recession has taught us anything it is that no matter what the auto industries will be saved even if they have to be put over the value of unemployment.

Paintless Dent Repair can be an exciting and rewarding career all in the same and best of all it will get you back out into the working world once again. paintless dent,paintless dent repair,dent repair,oil rises,growth data,way back,gas prices

Oil rises to near $79 on strong US growth data

By: Tavi Price

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