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 August 4, the first chartered flight of "The Japan Airlines" will arrive from Tokyo in the Baltic States and land in Riga.
more »
1.6 billion rouble loan to overcome problems holding up expansion of city of Surgut
more »
Nordic Shared Services & Outsourcing Forum 2009, 26 – 27 August, Sweden
more »
Results of the latest price survey by Eurostat show that Lithuania is on the list of the TOP 10 least expensive countries in Europe.
more »
The European Commission's Digital Competitiveness report published today shows that Europe's digital sector has made strong progress since 2005.
more »
US President Barack Obama said that the economy was weaker than he thought when he took office, but there are signs of improvement.
more »
The EIB and UniCredit Group strengthen their cooperation to implement the Joint Action Plan of the largest multilateral lenders in Central and Eastern Europe who have committed to provide up to EUR 24.5 bn lending to the SME sector hit by the global economic crisis.
more »
Within the first half of 2009, AB Bank SNORAS earned LTL 24 million of unaudited profit.
more »
10,000 workers were helped by the European Globalisation Adjustment Fund (EGF) last year and of these, more than two-thirds found a new job, according to a report adopted by the European Commission today.
more »
SEB recently won awards for best consumer Internet banks in Lithuania and Latvia in a ranking presented by Global Finance Magazine.
more »