The Nymex front month made a record-breaking jump of USD 16.37 on Monday, settling USD 120.92/bbl as financial traders were forced to cover their short positions before the October contract expired.
The benchmark contract also registered an intraday high of USD 130 sharp amid the buying frenzy, which was further underpinned by a weakening dollar, also affected by worsening global supplies as well as bullish Chinese demand.Meanwhile, November WTI, the new benchmark, climbed USD 6.62 to settle at USD 109.37/bbl, while November Brent on the ICE registered up USD 6.43, closing at USD 10
Dienstag, 23.09.2008, 08:43 Uhr
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