Singapore (AFP) — gas prices were involved in trade in quiet Christmas evening in Asia, came off highs year buoyed by upbeat consumer confidence figures in u.s., analysts said.
The main contract in New York, light sweet crude for delivery in February, and shed 13 cents to $ 91.38 per barrel after hitting $ 91.63 intraday trading on Thursday, the highest level since October 2008.
Brent North Sea rough for delivery in February 18 Advanced to 94.43 cents US dollars. The price was $ 94.54 lspkit to intraday trading-level also last Thursday, I saw at the beginning of October 2008.
Prices bots are supported as u.s. consumers confidence between advanced to six-month highs, signaling more fuel demand ", the Bank Commonwealth of Australia, said in a report.
A survey of the University of Michigan released late Thursday showed confidence in the world's largest oil consumer, the user hit highs six months December.
An index is located at this month's reply to a consumer, compared to the level of 74.5 71.6 of November.
"Consumer confidence improved December level best its six months and its second highest level since the beginning of 2008," said the report of the survey.
"A space was due to improved employment expectations that consumers are more willing to spend, to adopt the chances of a more global economy ratings for."
Consumer confidence in the economic recovery of the u.s. increases the likelihood that people spend more, fuelling growth, as well as energy demand.
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