Oil and gas made substantial gains on Monday, with oil for delivery in February and onwards trading well above the USD 60 mark and prompt gas prices on the NBP and Zeebrugge shooting up to around the 100 pence /therm mark.
The oil market reacted very bullishly to the OPEC meeting on Monday which indicated that the cartel may cut production in 2006 and in the meantime adhere to current output levels. Although oil output is at its highest level in 25 years, OPEC said it was confident prices would stay above USD 50 a barrel on average in the coming year.In addition, the continuing winter freeze in the US Nort
Dienstag, 13.12.2005, 09:10 Uhr
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