Crude oil rose in New York to the highest level in more than a week as a storm is forming and may move to the Gulf of Mexico.
Forecasts show a tropical depression, which may strengthen to become Tropical Storm Ernesto. Another factor was the kidnapping of three people working for a unit of Italy´s Eni SpA in Nigeria. “Any disruption on the supply side, however minor, there’s an immediate reaction to buy oil futures,” one player told Bloomberg, adding that demand is still robust right now.
Freitag, 25.08.2006, 08:07 Uhr
Redaktion
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