Oil
futures jumped the most in two months after Saudi Arabia raised prices
for crude shipments to Asia, as demand from refineries improved.
West
Texas Intermediate crude surged 6.1 percent in New York and Brent
gained 5.8 percent in London, where volumes were about 50 percent below
the 100-day average because of the Easter Monday holiday. Saudi Arabia
narrowed the discount on its main Arab Light grade for next month’s
sales to Asia.
U.S.
refineries are processing record amounts of crude for this time of
year, while Saudi Arabian Oil Minister Ali al-Naimi said last month that
global demand was picking up. Prices also rebounded from losses spurred
by Iran’s nuclear accord with world powers last week, on speculation
the OPEC member won’t add to a global glut anytime soon.
West
Texas Intermediate for May delivery gained $3 to end at $52.14 a barrel
on the New York Mercantile Exchange. It was the biggest gain since Feb.
3 and the highest close since Feb. 18. The exchange was closed April 3
for the Good Friday holiday.
Source: Bloomberg
0 komentar :
Post a Comment