Libya riots push oil futures touched $100 to embrace

The New York mercantileshop online 2011exchange crude oil futures contracts Wednesday for the first time in more than two years to reach $100 a barrel by Libya's pass and violence and supply disruptions boost.

The New York mercantile exchange April crude oil futures contract once touched $100 a barrel, and then dropped, the clearing price quote a barrel, up $2.68 98.10 dollars, or 2.8%. The contract last touched $100 a barrel level or in October 2, 2008.

January has surged above $100 coach handbagsa barrel of brent crude oil futures contract ICE rose $583 111.61 dollars a barrel, up 5.5%. The above two the difference between the benchmark contract again, more than a barrel on Wednesday expand $13.

Relevant Libya reports of violence further expand continue to push for high oil prices. Libya part area seems to have been the rebels control, while many oil company also announced the suspension of the country's oil production, including Germany's Wintershall AG, Spain and Italy's Eni Repsol YPF SpA.

Political turmoil to Libya the overall impact of crude oil production is unclear. However, Barclays are expected unrest has affected the daily 100 million barrels of capacity.

However, Excel Futures President, said Mark Waggoner if Mr Qaddafi suddenly resign, oil prices may soon fell back.

Late Wednesday, analysts will turn their attention to U.S. crude oil and fuel inventory data. American Petroleum Institute (as Petroleum Institute) will be held at 4.30pm kuomindong easterncoach handbagstime Wednesday announced inventory data. The us Department of Energy (Department of Energy will be at eastern time on Thursday at 11am released its weekly inventory data. Monday is the American presidents day due to the holiday, the two data are released one-day delay than ever.

Accept the Dow Jones Newswires Dow news agency () survey of analysts expect last week crude oil inventories rose 110 million barrels, gasoline stocks rose 30 million barrels while distillate stocks dropped 10 million barrels.

March RBOB gasoline futures contract coach handbagssettlement price falls, 11.28 cents a gallon, drop 2.7149 $4.3 percent. March heating oil futures contract settlement price rises, 11.25 cents a gallon, or 2.9049 dollars by 4%

Par xmjiang le jeudi 24 février 2011

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