New YorkNEW YORK, Dec. 18 (Xinhua) -- Crude prices rose on Friday after reports said two major oil producers -- Iran and Iraq -- are in tension.
Iraq's Deputy Foreign Minister Mohammed Haj Mahmoud said Iranian soldiers surrounded a well in the al-Fakkah oil field, one of the largest oil fields in the country.
Although some reports said the Iranians have left the region but the issue brought nervousness in the market.
Colder than normal weather in the U.S. Northeast, the biggest heating oil market in the world, also helped support prices.
Light, sweet crude for February delivery was up 34 cents to 74.42 U.S. dollars a barrel on the New York Mercantile Exchange.
In London, Brent crude for February delivery rose 38 cents to 73.75 dollars a barrel on the ICE Futures exchange.
Benchmark crude for January delivery was up 16 cents to $72.81
ReplyDeletein electronic trading on the New York Mercantile Exchange. On
New York's main futures contract, light sweet crude for delivery
ReplyDeletein January, slid 40 cents to 72.26 dollars a barrel on Thursday.
Mouth. I'd want my belly button to yell crude things at people. Would you rather live in new york or california?
ReplyDeleteBenchmark crude for January delivery was up 36 cents to $68.87
ReplyDeleteat midday Singapore time in electronic trading on the New York
The Winnipeg Blue Bombers have fired their football coach. Crude prices are up. Petrol is 0.93 cents Canadain per litre in downtown Toronto.
ReplyDeleteChina refiners hiked Nov crude throughput to an all-time high on improving demand and margins after domestic oil product prices were hiked.
ReplyDeleteOil slips to near $72 as traders eye crude demand-Oil prices fell to around $72 a barrel today as investors mulled whether recent signs of
ReplyDeleteOil prices fell in Asia, with benchmark crude for January
ReplyDeletedelivery down 37 cents to $72.29. On Wednesday, the contract surged
by $1.97.
Oil jumps above $72 as US crude supplies fall -Oil prices rose sharply Wednesday, wiping out a week's worth of declines after the government
ReplyDeleteCrude snapback indicative of upward sticky oil prices. Exxon's ($XOM) retracement, from the $XTO acquisition, could be bullish red meat.
ReplyDeleteBeen a calendar year that fed discount rate has been unchanged at .5%. Keeps dollar weak & energy, gold & crude prices go up: inflation.
ReplyDeleteOil prices rise as US crude falls and Iran tests medium-range missiles, which may incite sanctions against Tehran.
ReplyDeleteCrude inventories declined by 3.7 million barrels last week as prices near $73 today
ReplyDeleteCrude Oil prices still too high,Gas should be $1.25 gal to re-start economy. Gold prices are inflated, price is $800.00 too high. Buy US $$$
ReplyDeleteBut Crude prices based on 1,000 barrels, and Gas/Heating Oil prices based on 42,000 gallons - how many gallons in a barrel of crude? $$
ReplyDelete