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ReturnCrude futures hit $100 for 1st time
Author：
admin
PublishDate：
2008-01-03 14:14:00
Hit：
223
NEW YORK, Jan. 2 (Xinhua) -- Crude oil futures set a record close Wednesday, the first trading day of year 2008, after briefly hit 100 U.S. dollars a barrel on concerns of tight supply and weak U.S. dollar.
Light, sweet crude for February delivery rose 3.64 dollars to settle at 99.62 dollars a barrel, refreshing its record close of 99.29 dollars set last November on the New York Mercantile Exchange (NYMEX) after briefly hit the 100 dollars landmark.
"The fact that oil briefly hit the psychologically important 100 dollars per barrel mark at around 12:10 p.m. EST highlights the bullishness that exists in the energy complex," Wall Street Strategies' senior research analyst Conley Turner told Xinhua. "We have been calling this trade for a few months now and today it has finally occurred, albeit briefly."
Source: Xinhua News
Light, sweet crude for February delivery rose 3.64 dollars to settle at 99.62 dollars a barrel, refreshing its record close of 99.29 dollars set last November on the New York Mercantile Exchange (NYMEX) after briefly hit the 100 dollars landmark.
"The fact that oil briefly hit the psychologically important 100 dollars per barrel mark at around 12:10 p.m. EST highlights the bullishness that exists in the energy complex," Wall Street Strategies' senior research analyst Conley Turner told Xinhua. "We have been calling this trade for a few months now and today it has finally occurred, albeit briefly."
Source: Xinhua News
