A fall in US distillate inventories sent oil prices sharply up yesterday. Prices continue up this morning and the front month Brent contract has touched the USD 60/barrel level.
Brent was last seen at USD 60.00/barrel, up 41 cents from yesterday’s closing price. The contract gained more than a dollar yesterday after a bigger than expected fall in US distillate inventories, which includes diesel and heating oil, Financial Times reports.Comments from Saudi-Arabia that the world remained oversupplied with oil, added more bullishness to the market.At Ny
Donnerstag, 9.11.2006, 07:59 Uhr
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