Oil Prices Rise
Oil and gas prices rose Thursday after U.S. government data showed that domestic inventories of crude oil, gasoline and heating oil fell last week.
Also gas prices was the uncertainty ahead of a meeting next week of oil ministers from the Organization of Petroleum Exporting Countries (OPEC).
OPEC officials have been pressing in recent days for a cut in output on top of a production cut of 1.2 million barrels a day, approved in October.
Light, sweet crude for January delivery rose 21 cents to $62.40 a barrel . January Brent crude rose 30 cents to $63.37 a barrel.
The data comes amid expectations of milder temperatures in the United States and Canada. Temperatures in the Northeast, the nation's largest heating oil market, were expected to moderate later in the week, with the National Weather Service forecasting above-normal temperatures through most of the nation next week.
Also gas prices was the uncertainty ahead of a meeting next week of oil ministers from the Organization of Petroleum Exporting Countries (OPEC).
OPEC officials have been pressing in recent days for a cut in output on top of a production cut of 1.2 million barrels a day, approved in October.
Light, sweet crude for January delivery rose 21 cents to $62.40 a barrel . January Brent crude rose 30 cents to $63.37 a barrel.
The data comes amid expectations of milder temperatures in the United States and Canada. Temperatures in the Northeast, the nation's largest heating oil market, were expected to moderate later in the week, with the National Weather Service forecasting above-normal temperatures through most of the nation next week.
posted by Ottawa Gas Prices | 5:56 AM
0 Comments:
Post a Comment
<< Home