surged, with West Texas Intermediate surpassing $100 a barrel for the first
time in nine months, as the government reported that
as much as 2.6 percent. The Energy Information Administration said that
supplies fell 10.3 million barrels to 383.8 million. The report was projected
to show a 2.25 million-barrel decline, according to a survey. Prices
also rose after
for August delivery gained $1.97, or 2 percent, to $101.57 a barrel at 10:34
a.m. on the New York Mercantile Exchange. The contract traded at $101.45 before
the release of the EIA report at 10:30 a.m. in
There will be no floor trading in the Nymex tomorrow because of the U.S. Independence Day holiday. Any electronic trades will be booked for July 5.
Brent oil for August settlement rose $1.47, or 1.4 percent, to $105.47 a barrel on the London-based ICE Futures Europe exchange. The European benchmark grade was at a $3.90 premium to WTI after falling to as little as $3.10 today. The spread was $4.40 yesterday, the narrowest based on closing prices since Jan. 4, 2011. It was more than $23 in February.
|remaining time till the new event being published|
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.