Today, crude oil futures rose to a high of US$60 a barrel in New York after a steep decline in the late Wednesday prices. Crude oil prices that had cooled down soon shot in anticipation that demand in the forthcoming winter may not be satisfied by the given supply in the coming months. The almost 1.9% fall in the refinery utilization has limited some of the recent bullish sentiment. This has caused the benchmark contract on the New York Mercantile Exchange to be traded as high as almost US$60 a barrel, easing slightly to about US$59.80 a barrel moments later.
24-Jun-05 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}