Related News
Oil posts gain as market eyes Syria, Israel
Source: Agencies |
May 7, 2013, Tuesday
|
Online Edition
Online Edition
THE price of oil edged higher yesterday as tension increased between Syria and Israel.
The benchmark oil contract for June delivery rose 55 cents to close at US$96.16 per barrel on the New York Mercantile Exchange. It was the third straight day of gains for oil, and the first close above US$96 since April 2.
Prices rose early yesterday on news of an Israeli military strike in Syria, raising concern of an expansion in conflict in the oil-rich Middle East. The price fell back below US$95 before rising again late in the day.
Brent crude, which is the benchmark for international oil varieties and more susceptible to news from the Middle East, gained US$1.27 to US$105.46 per barrel on the ICE Futures exchange in London.
In other energy futures trading on the Nymex:
- Wholesale gasoline rose 4 cents to US$2.87 a gallon.
- Heating oil rose 4 cents to US$2.92 a gallon.
- Natural gas fell 3 cents to US$4.01 per 1,000 cubic feet.
The benchmark oil contract for June delivery rose 55 cents to close at US$96.16 per barrel on the New York Mercantile Exchange. It was the third straight day of gains for oil, and the first close above US$96 since April 2.
Prices rose early yesterday on news of an Israeli military strike in Syria, raising concern of an expansion in conflict in the oil-rich Middle East. The price fell back below US$95 before rising again late in the day.
Brent crude, which is the benchmark for international oil varieties and more susceptible to news from the Middle East, gained US$1.27 to US$105.46 per barrel on the ICE Futures exchange in London.
In other energy futures trading on the Nymex:
- Wholesale gasoline rose 4 cents to US$2.87 a gallon.
- Heating oil rose 4 cents to US$2.92 a gallon.
- Natural gas fell 3 cents to US$4.01 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.
