2010/12/23

Crude oil futures closed above 91 dollars a barrel

Large number of economic data and the U.S. indicates that demand for crude oil inventory data expected to increase, crude oil futures rose on Thursday to close at 91 dollars a barrel.

The New York Mercantile Exchange, February crude oil futures rose 1.03 cents, to $ 91.51 a barrel, or 1.1%, the highest front-month contract since Oct. 3, 2008 has been high. This week crude oil futures rose by 4%.

U.S. commodity markets were closed Friday because of Christmas.

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