Colosseum a.s. (Colosseum a.s.)
Commodities  |  January 29, 2013 10:08:28

Positive statistics drove oil to a four-month maximum

ColosseumAt the level of the four-month highs strengthened during yesterday's trading session on the Stock Exchange New York Mercantile Exchange, CME Group within the most active futures contract for WTI U.S. light crude oil. Oil responded to the growth result of government statistics, according to which in the U.S. in December brought increase in orders of durable goods by 4.6%. Analysts polled by Bloomberg had expected an increase of only 2%. Together with oil also strengthened the most active futures contract on gasoline, a three-month maximum, and in connection with the announced closure of Hess refinery in New Jersey at the end of February. Futures on U.S. light crude oil to the March delivery date strengthened during the day before the stock market Nymex by 56 cents on the closing price of $ 96.44 per barrel. The growth also continues in the present day, yet by 32 cents to $ 96.76 a barrel.Last Friday, the most active futures contract on the black gold closed for 7 weeks of growth rates, the longest for the last four years.

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