Related News
Oil prices slip as Cyprus uncertainty continues
March 22, 2013, Friday
|
Online Edition
Online Edition
THE price of oil fell 1 percent yesterday as the financial crisis in Cyprus overhung the market.
Benchmark oil for May delivery dropped US$1.05 to finish at US$92.45 a barrel in New York.
European jitters have escalated since the government in Cyprus rejected a bailout plan Tuesday that would have taxed bank deposits. Without a bailout deal, some of Cyprus' banks could collapse, devastating the country's economy and potentially forcing it to exit the euro currency.
Brent crude, used to price many kinds of oil imported by US refineries, fell US$1.25 to US$107.47 a barrel on the ICE Futures exchange in London.
In other energy futures trading on the Nymex:
- Wholesale gasoline fell 5 cents to US$3.07 a gallon.
- Heating oil was flat at cents to US$2.90 a gallon.
- Natural gas fell 3 cents to US$3.94 per 1,000 cubic feet.
Benchmark oil for May delivery dropped US$1.05 to finish at US$92.45 a barrel in New York.
European jitters have escalated since the government in Cyprus rejected a bailout plan Tuesday that would have taxed bank deposits. Without a bailout deal, some of Cyprus' banks could collapse, devastating the country's economy and potentially forcing it to exit the euro currency.
Brent crude, used to price many kinds of oil imported by US refineries, fell US$1.25 to US$107.47 a barrel on the ICE Futures exchange in London.
In other energy futures trading on the Nymex:
- Wholesale gasoline fell 5 cents to US$3.07 a gallon.
- Heating oil was flat at cents to US$2.90 a gallon.
- Natural gas fell 3 cents to US$3.94 per 1,000 cubic feet.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
