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Energie & Management > Commentary - Commodities - Oil jumps USD 2+ on inventory figures
Commentary

Commodities - Oil jumps USD 2+ on inventory figures

Oil prices in both the US and Europe gained around USD 2.50 on Wednesday ahead of the release of US inventory figures which are expected to show another small decrease. Supply concerns sent UK winter gas to a new high, while neither coal nor carbon joined the bullish run on the other markets yesterday.
The JP Morgan investment bank said Wednesday it expected US crude inventories to drop by 250,000 barrels, enough to send US crude oil for July up 2.63 to USD 54.60/barrel. The Brent crude similarly gained 2.54 to 53.27 after a week of only moderate price movements. The day-to-day jump is the strongest for any front month contract so far this year, and gains were equally strong for contra

Donnerstag, 2.06.2005, 08:13 Uhr
Redaktion
Energie & Management > Commentary - Commodities - Oil jumps USD 2+ on inventory figures
Commentary
Commodities - Oil jumps USD 2+ on inventory figures
Oil prices in both the US and Europe gained around USD 2.50 on Wednesday ahead of the release of US inventory figures which are expected to show another small decrease. Supply concerns sent UK winter gas to a new high, while neither coal nor carbon joined the bullish run on the other markets yesterday.
The JP Morgan investment bank said Wednesday it expected US crude inventories to drop by 250,000 barrels, enough to send US crude oil for July up 2.63 to USD 54.60/barrel. The Brent crude similarly gained 2.54 to 53.27 after a week of only moderate price movements. The day-to-day jump is the strongest for any front month contract so far this year, and gains were equally strong for contra

Donnerstag, 2.06.2005, 08:13 Uhr
Redaktion

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