Oil traded within touching distance of the record $100 a barrel set in the previous session as traders looked forward to the latest US inventories data, expected to show further evidence that the market is tightening.
Nymex February West Texas Intermediate traded 6 cents higher at $99.68 a barrel while ICE February Brent added 3 cents at $97.87 a barrel.
Crude inventories were expected to have fallen 2.2m barrels in a seventh consecutive weekly decline, according to a poll of analysts by Reuters.
Distillate stocks (including heating oil) were forecast to have risen 0.5m barrels. Heating oil stocks are 34.5 per cent below last year’s levels, and with colder weather expected in parts of the US, Nymex February heating oil traded almost unchanged at $2.7383 a gallon after reaching $2.7465, a record, in the previous session.
Nymex February RBOB gasoline eased 0.5 cents at $2.5640 a gallon, with gasoline inventories expected to increase 1.4m barrels in Thursday’s report.
The Financial Times Limited 2008
Nymex February West Texas Intermediate traded 6 cents higher at $99.68 a barrel while ICE February Brent added 3 cents at $97.87 a barrel.
Crude inventories were expected to have fallen 2.2m barrels in a seventh consecutive weekly decline, according to a poll of analysts by Reuters.
Distillate stocks (including heating oil) were forecast to have risen 0.5m barrels. Heating oil stocks are 34.5 per cent below last year’s levels, and with colder weather expected in parts of the US, Nymex February heating oil traded almost unchanged at $2.7383 a gallon after reaching $2.7465, a record, in the previous session.
Nymex February RBOB gasoline eased 0.5 cents at $2.5640 a gallon, with gasoline inventories expected to increase 1.4m barrels in Thursday’s report.
The Financial Times Limited 2008
Sem comentários:
Enviar um comentário