Related News
Oil prices climb above US$108 a barrel
Source: Agencies |
March 20, 2012, Tuesday
|
Online Edition
Online Edition
OIL prices rose above US$108 per barrel as optimism grows about a strengthening global economy.
A private survey of the US homebuilding industry yesterday found that companies are increasingly hopeful that home sales will rise in coming months. International Monetary Fund Managing Director Christine Lagarde also said over the weekend that the global economy has "stepped back from the brink."
A pipeline company also is getting closer to opening a new transportation route to the Gulf Coast, relieving a glut of oil in the Midwest that has depressed the price of US crude compared with international varieties.
Benchmark US crude added US$1.03 to end the day at US$108.09 per barrel on the New York Mercantile Exchange. The price has increased by nearly US$3 per barrel in the last two trading days.
Brent crude, which prices oil imported by US refineries, fell by 10 cents to finish at US$125.71 per barrel in London.
In other energy trading, natural gas rose by 2.5 cents to finish at US$2.351 per 1,000 cubic feet. Heating oil fell by 2.09 cents to end at US$3.261 per gallon and gasoline futures added 1.11 cents to US$3.368 per gallon.
A private survey of the US homebuilding industry yesterday found that companies are increasingly hopeful that home sales will rise in coming months. International Monetary Fund Managing Director Christine Lagarde also said over the weekend that the global economy has "stepped back from the brink."
A pipeline company also is getting closer to opening a new transportation route to the Gulf Coast, relieving a glut of oil in the Midwest that has depressed the price of US crude compared with international varieties.
Benchmark US crude added US$1.03 to end the day at US$108.09 per barrel on the New York Mercantile Exchange. The price has increased by nearly US$3 per barrel in the last two trading days.
Brent crude, which prices oil imported by US refineries, fell by 10 cents to finish at US$125.71 per barrel in London.
In other energy trading, natural gas rose by 2.5 cents to finish at US$2.351 per 1,000 cubic feet. Heating oil fell by 2.09 cents to end at US$3.261 per gallon and gasoline futures added 1.11 cents to US$3.368 per gallon.
- 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.
