Thursday, December 23, 2010

Oil at two week highs on speculation of accelerated 2011 economic growth in USA

Crude for February delivery rose to US$89.49 in electronic trading on the Nymex. Oil futures reached $90.76 on Dec. 7, the highest since October 2008. Oil prices traded near its highest level in two wweeks on speculation that economic growth in USA will accelerate next year, bolstering demand there.

For more details on Oil at two week highs on speculation of accelerated 2011 economic growth in USA click here

Related Posts by Categories



Read daily plastics industry news at Plastemart.com

0 comments: