NEW YORK – Crude oil prices rose and more successfully penetrate above the level of USD79 per barrel in trading Monday local time, as the prolonged winter later this year.
As reported by the Associated Press (AP), Tuesday (29/12/2009), the reference price of oil for February delivery contracts rose 72 cents more U.S. dollars to the USD78, 77 per barrel on the New York Mercantile Exchange (NYMEX). While in London, the price of Brent oil for February delivery contract climbed 82 cents to U.S. $ 77 positions, 13 per barrel on the ICE Futures.
Observed, in early trading, oil prices had advanced to the level of USD79, 12. This is the highest price since 18 November. He further, frigid temperatures will often occur, with an estimated thickness of four inches of snow in New England and seven inches in the Lower Great Lakes at the end of this year.
Meanwhile, based on final data Energy Information Administration, natural gas prices rose in early December. Similarly, liquid oil prices. However, winter is happening not trigger increased energy and still be at the level of last year.
Some cut back oil pengilang oil imports, which have helped reduce oil supplies and rising prices. According to analysts, the price increase also occurred because China and India to expand imports.
Contract price of oil, natural gas, and liquid oils become more expensive this month due to snow storm that covered most of the country.
Last weekend, the main futures contract price of crude oil at NYMEX light sweet crude for February delivery rose $ 1, 38 to USD78, 05 per barrel. Meanwhile, crude oil for London’s Brent North Sea for February delivery rose 86 cents to USD76, 31.
