Saturday, January 8, 2011

OIL PRICE: Strong demands keeps oil in the mid 90s

with the economy picking up and winter freezing millions in Europe and North America, the price of oil remains around USD95 per barrel and is likely to stay there for at least until the winter chill disappears


MARKET METRICS   Thu., Jan. 6, 2011
Crude OilOpec Basket91.270.00
($/bbl)ICE Brent94.52-0.98
Nymex Lt Swt88.38-1.92
ProductsNymex (¢/gal)
Gasoline244.30-0.21
Heating Oil251.12-3.10
ICE ($/ton)
Gas Oil775.25-2.25
Natural Gas New York6.20+0.45
Spot PricesHenry, LA4.48-0.03
($/MMBtu) Katy, Texas4.44-0.02
AECO, Canada3.81-0.07

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