Crude oil was little changed in New York after rising to a one-month high yesterday
Published:
22 September 2004 y., Wednesday
Crude oil was little changed in New York after rising to a one-month high yesterday on concern Russian exports will be disrupted after utilities cut some power supplies to OAO Yukos Oil Co., the country's top producer.
Electricity sales were reduced to Yukos because of past-due bills, regional generator OAO Tyumenenergo said yesterday on its Web site, a day after Yukos said it may have to halt some exports to China. U.S. oil supplies probably fell for an eighth straight week, according to analysts surveyed by Bloomberg. That would be the longest drop since 1988.
Crude oil for November delivery traded at $46.80 in electronic after-hours trading on the New York Mercantile Exchange at 9:04 a.m. Sydney time. It rose 57 cents, or 1.2 percent, to $46.76 yesterday.
Yesterday, oil for October delivery rose 75 cents, or 1.6 percent, to $47.10 a barrel, the highest close since Aug. 20. The October contract expired yesterday. Prices reached a record $49.40 a barrel during intraday trading on the same date. Futures have gained 10 percent in seven sessions.
The November contract may find so-called resistance in electronic trading at $47.93 a barrel, according to a two-month Fibonacci graph, a trading tool used by chartists.
Šaltinis:
Bloomberg
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Reform of the banking system was one of the key themes at this year's World Economic Forum in Davos, with bankers coming in for a lot of criticism.
more »
Small firms have been hard hit by the economic crisis, and so must be given incentives and support, including easier access to credit, help with innovation, tax breaks and less red tape, MEPs on Parliament's Special Committee on the Financial, Economic and Social Crisis (CRIS), and experts agreed at a workshop on Monday.
more »
The elections and investiture of Porfirio Lobo as President of Honduras have cleared the way for the EU to restore normal relations with the Central American country and negotiations for signing a bi-regional Association Agreement may soon resume.
more »
The European Commission has approved applications from Lithuania for assistance under the European Globalisation Adjustment Fund (EGF).
more »
The European Commission has decided to refer Italy to the European Court of Justice (ECJ) on the basis of Article 108(2) of the Treaty on the Functioning of the European Union (TFEU) for failing to comply with a Commission decision of July 2008.
more »
The EBRD is helping to strengthen the financial sector in Bosnia-Herzegovina (BiH) with a €50 million credit line to the Deposit Insurance Agency of Bosnia and Herzegovina (DIA), the Bank’s first investment in a deposit insurance entity.
more »
In its first investment in the natural resources sector in Bosnia and Herzegovina, the EBRD is providing a €17 million sovereign loan to finance the gasification of the Central Bosnia Canton.
more »
The EBRD is increasing the availability of financing to private businesses in Armenia with a $5 million credit line and a $3 million trade finance facility to ArmSwissBank for small and medium companies (SMEs).
more »
On January 27 the European Commission assessed the action taken by Lithuania, Malta, Latvia and Hungary in response to recommendations proposed by the Commission and endorsed by the Council in July 2009 in respect to the correction of their respective budget deficits.
more »
EUROSTAT announced that Lithuania’s GDP rose by 6.1 % in the 3rd quarter of 2009 versus the previous quarter.
more »