West
Texas Intermediate traded near the highest level in three months amid
concern that Iraqi unrest may threaten oil supply. Brent rose in London
as OPEC ministers meet in Vienna.
Futures rose as much as 0.4 percent in New York as fighters from a breakaway al-Qaeda group took control of the city of Mosul and there were conflicting reports about the situation in Baiji, home to the Iraq��s biggest refinery. Crude stockpiles probably dropped by 2 million barrels last week to 387.5 million, a Bloomberg News survey shows before Energy Information Administration data today.
WTI for July delivery was at $104.58 a barrel in electronic trading on the New York Mercantile Exchange, up 23 cents, at 11:22 a.m. London time. The contract rose to $105.06 a barrel yesterday, the highest intraday level since March 3. The volume of all futures traded was about 38 percent below the 100-day average for the time of day. Prices have increased 6.3 percent this year.
Brent for July settlement gained 42 cents at $109.94 a barrel on the London-based ICE Futures Europe exchange. The European benchmark crude traded at a premium of $5.34 to WTI. The spread narrowed for a third day yesterday to close at $5.17.
Sumber: Bloomberg
Futures rose as much as 0.4 percent in New York as fighters from a breakaway al-Qaeda group took control of the city of Mosul and there were conflicting reports about the situation in Baiji, home to the Iraq��s biggest refinery. Crude stockpiles probably dropped by 2 million barrels last week to 387.5 million, a Bloomberg News survey shows before Energy Information Administration data today.
WTI for July delivery was at $104.58 a barrel in electronic trading on the New York Mercantile Exchange, up 23 cents, at 11:22 a.m. London time. The contract rose to $105.06 a barrel yesterday, the highest intraday level since March 3. The volume of all futures traded was about 38 percent below the 100-day average for the time of day. Prices have increased 6.3 percent this year.
Brent for July settlement gained 42 cents at $109.94 a barrel on the London-based ICE Futures Europe exchange. The European benchmark crude traded at a premium of $5.34 to WTI. The spread narrowed for a third day yesterday to close at $5.17.
Sumber: Bloomberg
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