Volatility was the name of the game in crude oil markets yesterday as prices were hoovering at record levels before sliding back after surprising rise US inventory figures. Gas continued in bearish sentiment, while carbon firmed a touch.
Crude oil markets saw a volatile day with prices touching record highs before the release of the weeklyUS inventory data. In New York, the front month hit USD 62.50 a barrel on concerns over US refinery tightness and the prospect of more hurricanes, Financial Times reports. However, an unexpected rise in crude inventories generated a slide with the September contract settling a dollar down day
Donnerstag, 4.08.2005, 08:54 Uhr
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