TUGAS SOFTSKILL BAHASA INGGRIS

Rising Oil Price a Boon for the US Economy

According to the investors, the high-ceilinged oil price has come up with positive news for the U.S. economy (Future Tense). The price rose because of the fact that the private sector added almost 111,000 jobs today (Simple Present Tense). The Automatic Data Processing reported that the service industries got plenty of benefits (Simple Present Tense). 
As a result of soaring oil prices, Benchmark crude rose by 32 cents to end the day at $92.51 per barrel in New York, while Brent crude lost 20 cents to finish at $109.34 a barrel in London (Simple Present Tense). After a two-day meeting of the Federal Reserve, which doesn’t announce any new policy, the prices on oil may slip a little bit (Past Perfect Continuous Tense)

The studies depicted that the decision taken by the Fed has a greater impact on oil prices next year (Future Tense) . Last year the Fed decision supported the prices of oil as well drained $600 billion into a bond-buying program (Past Continuous Tense). Hence, such things influenced the currency and commodity markets (Simple Present Tense) . As a result of alteration in oil price, Benchmark crude mounted 20% higher in 2010 ( Past Tense).

Despite the fact that consumers are ready to spend more, it is a very difficult task to manage downside risk (Simple Preset Tense). Therefore, the economy lost its importance in today's commodity markets (Simple Preset Tense). If the economy stays standstill, then the central bank assures to take a leap step next year (Future Tense).

As mentioned by the Energy Information Administration, the prices on U.S. oil and gasoline climbed up in the last week in October 2011 because of less demand for oil (Past Tense). Another point to note down here is that the demand for distillate supplies that include diesel and heating oil dropped enormously last year (Past Continuous Tense). However, the demand for distillate supplies, especially in foreign countries resulted to increase in export (Simple Present Tense).

The demand for diesel is escalating because farmers require the fuel for harvesting this year (Simple Present Tense). In North America and the U.S. industry, many energy companies drilling operations expand oil and natural gas currently (Simple Present Tense).

The retail price on diesel has increased 80.1 cents higher per gallon. Its price will keep on rising because of the existing market scenario (Simple Present Tense). According to, Wright Express and Oil Price Information Service, gasoline prices fell less than a penny to a national average of $3.432 per gallon currently (Simple Present Tense). The price of gasoline is soaring at $4 per gallon. However, a gallon of regular oil is available at reasonable rate (Simple Present Tense).

According to the energy trading, the heating oil lost 3.72 cents to end at $3.0007 per gallon last year ( Past Tense). Gasoline futures finished at $2.6272 per gallon ( Future Tense). Natural gas lost 3.2 cents to end at $3.749 per 1,000 cubic feet last year ( Past Tense).