---
title: Futures Move Higher as Stimulus Plan Takes Shape
description: While much of todays chatter centered around the wild cash blowout of gasoline on Friday, up some .24 in NY harbor, markets found a way..
---

[Dennis K. Burke, Inc. Market Updates ](https://www.burkeoil.com/value-added-services/energy-market-updates)

# [Futures Move Higher as Stimulus Plan Takes Shape](https://www.burkeoil.com/value-added-services/energy-market-updates/bid/89311/Futures-Move-Higher-as-Stimulus-Plan-Takes-Shape)

 Written by [Mark Pszeniczny](https://www.burkeoil.com/value-added-services/energy-market-updates/author/mark-pszeniczny) | Sep 10, 2012 7:52:00 PM

While much of todays chatter centered around the wild cash blowout of gasoline on Friday, up some .24 in NY harbor, markets found a way to turn positive ahead of the close. Many are betting that a new round of Quantitative Easing, also known as QE3, will be announced after this weeks FED meeting. This bet was doubled down after Fridays disappointing payroll figures.While the stimulus plans are designed to boost economic activity, Commodity prices are often collateral damage and many agree that we might see higher prices with this round. Keeping the pits in check are the fundamentals which, even besides this weekends short term blowout, the nation is well supplied. Additionally there was a memo sent by the Saudi Oil Minister confirming the oversupply of product as well as the unsubstantiated value of the current marketplace. Look for the remainder of the week to be a wild one. At the Close, Crude finished up .12 to $96.54, HEAT gained .0179 to $3.1668 and RBOB .0044 to $3.0240

 

Daily Heating Oil Chart

| RBOB CLOSE |
| --- |
| CLOSE CHANGE   OCT 30240 +.0044 NOV 29051 +.0059 DEC 28304 +.0059 JAN 28013 +.0054 FEB 27965 +.0058 MAR 28059 +.0059 |

| HEAT CLOSE |
| --- |
| CLOSE CHANGE OCT 31668 +.0179 NOV 31674 +.0167 DEC 31666 +.0167 JAN 31639 +.0173 FEB 31524 +.0186 MAR 31322 +.0192 |

[View full post](https://www.burkeoil.com/value-added-services/energy-market-updates/bid/89311/Futures-Move-Higher-as-Stimulus-Plan-Takes-Shape)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Mark Pszeniczny"
  },
  "dateModified" : "2016-05-18T19:31:25.004Z",
  "datePublished" : "2012-09-10T19:52:00Z",
  "headline" : "Futures Move Higher as Stimulus Plan Takes Shape",
  "image" : {
    "@type" : "ImageObject",
    "url" : "https://origin.ih.constantcontact.com/fs009/1103622714445/img/134.jpg"
  },
  "mainEntityOfPage" : "https://www.burkeoil.com/value-added-services/energy-market-updates/bid/89311/Futures-Move-Higher-as-Stimulus-Plan-Takes-Shape",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Energy Market Updates"
  }
}
```