Crude oil prices hit more highs on Monday, but later eased. Elsehwhere, the UK’s importance for commodity trading was clear, as activity was either non-existent or extremely thin in other markets due to the Bank Holiday in Britain.
With Hurricane Katrina threatening oil production and refineries in the Gulf of Mexico, Nymex WTI for October delivery peaked at USD 70.80 a barrel in early trade before slipping back to settle at USD 67.20, up USD 1.07. In London the IPE was closed.Oil producers in the Gulf of Mexico have shut down 633,000 barrels per day of production capacity, 42 per cent of the total in the region th
Dienstag, 30.08.2005, 09:05 Uhr
Redaktion
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