Crude oil futures start the New Year above US$80

Light, sweet crude futures for delivery in February traded at US$80.09 a barrel on the Nymex. Weather forecasters predict that the winter of 2010 may be especially cold. Crude oil futures rose above $80 on the first trading day of 2010 as an anticipation of a colder-than-expected winter lifted expectations of stronger oil and natural gas demand in USA.
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