Colosseum a.s. (Colosseum a.s.)
Commodities  |  January 25, 2013 08:35:33

Oil rose due to better data



ColosseumFavorable data from the U.S. and China caused the market optimism about a possible higher global growth, which responded to the growth and oil. But that was not the only reason why yesterday oil more expensive. It also helped the message that important Seaway pipeline, seducing oil from tanks in Cushing, will soon reach full capacity again. In earlier days, the capacity of this pipeline is reduced to 175,000 barrels from current 400,000 barrels per day. The March crude oil closed yesterday on the CME to rise by 72 cents on the price of $ 95.95 per barrel.

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