Oil prices are gaining Wednesday after North Korea yesterday fired at least five test missiles into the Sea of Japan. In addition, US gasoline inventories are expected to show a strong decline after the US Independence Day weekend.
Front month Brent is up 23 cents from yesterday at USD 72.74/barrel this morning, having fallen 88 cents to USD 72.51/barrel yesterday. Likewise the front month contract at Nymex is down a less than expected 48 cents at 73.45 after the four-day holiday.Although there is little oil production in the area, North Korea’s actions are increasing tensions in Asia. “The incident may
Mittwoch, 5.07.2006, 08:05 Uhr
Redaktion
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