Oil prices near US$59 a barrel
Posted on Wednesday, November 23 @ W. Europe Standard Time |
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Oil prices eased today, despite fears of a possible storm in the US northeast as traders awaited the US Energy Department's latest inventory snapshot...
Oil prices eased today, despite fears of a possible storm in the US northeast as traders awaited the US Energy Department's latest inventory snapshot. Oil pices initially headed toward US$59 a barrel amid expectations of higher heating oil demand ahead of a possible snowstorm in the northeastern US. But light, sweet crude for January delivery on the New York Mercantile Exchange lost 54 US cents to US$58.30 a barrel in electronic trading by midday in Europe. The January Brent contract on London's ICE Futures exchange fell 23 cents to US$56...
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