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Brent holds above $ 110 supported by Middle East tensions
01/12/2011
Seoul - Reuters
Remained futures prices for Brent crude above $ 110 a barrel on Wednesday, retaining gains the previous session, as the prices received in support of the growing tensions between Iran and the West and the agreement of Ministers of the euro area to expand the possibilities of Save the region.
By the time 0323 GMT, the price of oil contracts of U.S. light crude for December delivery (December) of $ 99.21 a barrel, down 66 cents. He had risen $ 1.58 on Tuesday to arrive at the settlement to 99.79 dollars.
And Brent Crude Oil Brent 32 cents to 110.50 dollars a barrel.
The U.S. crude prices came under pressure after data showed the American Petroleum Institute on Tuesday that U.S. inventories of crude oil rose unexpectedly last week with the rise of imports also rose, while distillate stocks with the increase in refinery utilization rates.
The institute said in its weekly report that commercial crude oil inventories in the United States during the week ending 25 November (November) increased 3.4 million barrels, compared with analysts' average forecast in a Reuters poll a decrease of 200 thousand barrels.
And increased U.S. imports of crude per day 866 thousand barrels to 9.3 million b - d in the week. And increased stocks of distillates, which include heating oil and diesel, 1.3 million barrels, compared with analysts' forecasts of a fall of 1.1 million barrels.
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01/12/2011
Seoul - Reuters
Remained futures prices for Brent crude above $ 110 a barrel on Wednesday, retaining gains the previous session, as the prices received in support of the growing tensions between Iran and the West and the agreement of Ministers of the euro area to expand the possibilities of Save the region.
By the time 0323 GMT, the price of oil contracts of U.S. light crude for December delivery (December) of $ 99.21 a barrel, down 66 cents. He had risen $ 1.58 on Tuesday to arrive at the settlement to 99.79 dollars.
And Brent Crude Oil Brent 32 cents to 110.50 dollars a barrel.
The U.S. crude prices came under pressure after data showed the American Petroleum Institute on Tuesday that U.S. inventories of crude oil rose unexpectedly last week with the rise of imports also rose, while distillate stocks with the increase in refinery utilization rates.
The institute said in its weekly report that commercial crude oil inventories in the United States during the week ending 25 November (November) increased 3.4 million barrels, compared with analysts' average forecast in a Reuters poll a decrease of 200 thousand barrels.
And increased U.S. imports of crude per day 866 thousand barrels to 9.3 million b - d in the week. And increased stocks of distillates, which include heating oil and diesel, 1.3 million barrels, compared with analysts' forecasts of a fall of 1.1 million barrels.
[You must be registered and logged in to see this link.]
