Weaker than expected US inventory figures along with cold forecasts pushed oil prices up from five-month lows yesterday afternoon. All in all it was a bullish day in the commodity markets with gas, carbon and coal also increasing.
The US Department of energy reported a 4.2m barrel fall inUS crude inventories yesterday, which was a stronger decline than the market had anticipated. Consequently, the front-month at Nymex increased during the afternoon to settle at USD 57.32/barrel, up 82 cents day-on-day. Earlier in the day the contract had been traded down to at USD 55.72. In London. Brent crude for January gained 73 cents
Donnerstag, 1.12.2005, 08:36 Uhr
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