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Commodities Briefing - Categorized | Oil, Price Watch more

Oil trades near $79 as heating oil climbs on forecast for cold

Posted on 30 December 2009

From Bloomberg: Crude oil traded near $79 a barrel after rising for a fifth day on forecasts for cold weather in the U.S. and signs the economy in the world’s largest energy- consuming nation may be recovering.

Crude climbed 10 cents to $78.87 a barrel yesterday as heating oil rose to a two-month high on the outlook for below- normal temperatures and as U.S. consumer confidence improved in December for a second month……………………………………Full Article: Source

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VRS - who has written 37561 posts on Opalesque Commodities Briefing.


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