On Monday, Oil prices climbed to near USD 83 a barrel due to the weakening of the dollar and expectations that the U.S. central bank will soon shift to bolster a spluttering economic recovery.
On the New York Mercantile Exchange, By early afternoon in Europe, benchmark crude for November delivery was upbeat 13 cents to USD 82.79 a barrel in electronic trading. On Friday, the contract climbed 99 cents to settle at USD 82.66.
Heating oil rose 0.63 cent to USD 2.2882 a gallon and gasoline gained 1.24 cents to USD 2.1636 a gallon, in other Nymex trading in November contracts. Natural gas fell 4.6 cents to USD 3.605 per 1,000 cubic feet.
On the ICE Futures exchange, In London, Brent crude added 10 cents to USD 84.13 a barrel.
Newer news items:
- Steel Production Have To Cut Production By 50% in Next Three Months
- Oil cascades to near USD 81 a barrel
- Iran Cement Production Increases 18% in First Six Months Ended 22 Sep
- OPEC Meet in Focus, Cartel Seen Holding Pat on Current Levels
- Mentha Oil Downhill On Rise in Arrivals At Major Mandies
Older news items:
- Massive Gains in CPO, Domestic Oilseeds Likely to Move superior
- MCX Gold to Open On well-built As Pre Non Narm Jump expands
- Crude Oil preserves Gains, MCX Futures Hold more than Rs 3700
- Copper overturns Gains as Profit Booking Creeps In
- Oil price resolves to USD 84 a barrel
