Singapore – gas prices rose to annual fresh highs near 91 a barrel Thursday in Asia like a hrali had the u.s. stock market optimism that improve on demand.
Benchmark for delivery in February rose high 90.79 barrel, the highest since October 2008, the oil was up to 8 cents to 90.57 barrel today Singapore time in electronic trading on the exchange of the New York scene. Contract rose 66 cents to settle at $90.48 on Wednesday.
Dhow Jones industrial average index and THE S & P 500 both rose to their highest levels since Wednesday April 2008 after trading Department said the economy in the u.s. rose at an annual rate in the third quarter of 2.6 percent, an increase from its previous estimate is easy.
"A very crude price is connected to the direction of the markets and the global recovery hmirim" capital advisors, Zander said in a report. "When hmirim rise, it tends to mean confidence is up and is thus more power."
Crude was also buoyed by falling u.s. bots supplies, which offer may be increased on demand. Information management of the Department of energy energy said Wednesday that supplies bots dropped by 5.3 million barrels last week and the week before. EIA said last week dropped 14.6 million barrels delivered in the previous week, the largest drop in 8 years.
"The market in which his cock in well over two years," said Barclays Capital report. "At the beginning of the year, even the most optimistic view on the market of oil does not expect ??????? of upside surprises on demand, such a drawdown of inventories faster."
Baahrim Nymex trading, heating oil contracts in January rose 0.6 percent $2.53 gallon, gasoline and other contracts ¢ 0.1 to $2.43 ????? and natural gas dropped ¢ 0.4 to 4.11 per 1,000 cubic meters.
In London, Brent crude rose 4 cents to 93.69 barrel exchange of the ICE futures trading.
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