Wednesday, December 15, 2010

OIL PRICE UPDATE - Oil continues slow simmer at USD90

MARKET METRICS   Tue., Dec. 14, 2010
Crude OilOpec Basket87.96+0.31
($/bbl)ICE Brent91.21+0.02
 Nymex Lt Swt88.28-0.33
ProductsNymex (¢/gal)
 Heating Oil246.79+0.27
 ICE ($/ton)
 Gas Oil765.25-1.75
Natural Gas New York17.15-0.97
Spot PricesHenry, LA4.35-0.24
($/MMBtu) Katy, Texas4.24-0.22
 AECO, Canada3.81-0.09

The good news is that the desperately cold winter seem to have minimal effect on oil price right now, maybe all the cold-weather push on price has spent it force.

But then again we are at least two months away from any likely improvement in European and US weather.

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