Supply disruptions triggered by concerns over Nigeria and Iran continue to weigh on sentiment as oil prices moved upwards, recovering from recent sharp heavy losses. New York's main contract, light sweet crude for delivery in April, rose to US$60.86 from its close of 60.54 in the United States on Thursday.
More stringent anti-pollution requirements taking effect in the United States will necessitate a change in the gasoline formula. US gasoline (petrol) inventories rose 100,000 barrels to 225.6 mln barrels, as per the latest weekly inventory report, below market expectations for a rise of one mln barrels. However, gasoline inventories, at their highest level since June 1999, are expected to go down in a week or two
24-Feb-06 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}