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 $47.93 a barrel, according to a two-month Fibonacci graph, a trading tool used by chartists.
Šaltinis:
Bloomberg
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
On 31 August 2009 in a non-public way AB Bank SNORAS issued the emission of perpetual debt securities included into the bank capital amounting to LTL 72.5 million.
more »
The European Commission, through its longstanding cooperation with the US and Canada, announces the launch of 33 new and innovative projects involving universities and training institutions on both sides of the Atlantic.
more »
Today at the VII World Congress on Alternatives and Animal Use in the Life Sciences in Rome, the European Commission and the European cosmetic industry presented their joint financial effort for research into alternative safety testing methods.
more »
SEB Bank, the largest bank in Lithuania, invests almost LTL 4.6 million in to the upgrade of its data transmission network.
more »
The World Bank’s Board of Executive Directors today approved a credit of US$ 36.6 million equivalent of additional financing for the Lifeline Road Improvement Project for Armenia.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the first review of Latvia's performance under an economic program supported by a 27-month Stand-By Arrangement.
more »
The Commission has today decided to close the formal investigation procedure into the privatisation and restructuring of Austrian Airlines concluding that the restructuring following its sale to Lufthansa is compatible with community law.
more »
Ben Bernanke's reappointment as head of the Federal Reserve did not come as a surprise, but Wall Street still responded with the proverbial thumbs up.
more »
Over I half-year 2009 accommodation establishments had by 22 per cent less guests.
more »
In the first such transaction in Russia, carbon credits generated by utilising gas which would otherwise be flared at an oilfield in eastern Siberia are to be purchased through a carbon fund set up by the EBRD and the European Investment Bank (EIB), the Multilateral Carbon Credit Fund (MCCF).
more »