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Texas crude climbs 1.48% and closed at 98.21 dollars per barrel
posted on: Nov 29 2011 7:29 by RDugey. Viewed 23 times.
Texas crude soared yesterday a 1.48%, closing at 98.21 dollars per barrel driven by record sales during the Thanksgiving United States bridge and optimism about the measures to solve the debt crisis in the zone euro.
At the end of the first session of the week at the Mercantile Exchange in New York (Nymex), futures contracts of the intermediate Texas oil (WTI) for delivery in January, of nearest expiration, totaled $1.44 to the Friday closing price.
However, this rise was less than that had registered in the first minutes of the meeting, when more than 3% to temporarily overcome the symbolic level of 100 dollars per barrel, had been shot by registering a maximum $100,74 intraday yesterday.
The price of oil from Texas was down on the upside after it was revealed that Americans spent a turnover record of $ 52,400 million during u000abridge - between last Thursday and Sunday - Thanksgiving, according to data from the National Federation of retail
Average spending was $ 398,62 per person, compared to 365,34 dollars for the same period of 2010 in United States, the largest consumer energy world along with China.
In addition, new in this country homes sales rose 1.3 per cent in October to 307,000 units annually, which continued the recovery which began in September after four months of fall, informed the Department of Commerce.
El WTI urged also influenced by the optimism of investors before the meeting Tuesday in Brussels the Eurogroup to deal with the debt crisis in the euro area, which affects the global demand for "black gold".
The Finance Ministers of the countries of the zone euro intend to unlock 8 billion euros from the sixth tranche of aid to Greece and conclusion u000athe technical details to strengthen the capacity of intervention of the temporary rescue fund European.
On the other hand, maturing in December gasoline contracts added 7 cents and ended up in 2,51 dollars per gallon (3.78 litres), at the time that the of diesel fuel for heating with the same month delivery gained 4 cents and were $ 2.96 per gallon.
Meanwhile, contracts for natural gas for delivery in December also sapped 18 cents and ended the session at $3.36 per each thousand cubic feet.
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