Global Oil Price Trends


Global Oil Price Trends


International oil prices continued to rise after Saudi said a global gas shortage has started to boost demand for heating crude oil, while the US dollar weakened on weaker-than-expected US non-farm payrolls data.  NYMEX crude futures rose $1.05 / BBL, or 1.34 percent, to 79.35.  ICE cloth 12 rose $0.44 / BBL, or 0.54 percent, at 82.39.  China's main INE contract 2111 rose 31.2 yuan to 526.9 yuan/barrel, down 4.5 yuan to 522.4 yuan/barrel in the evening.  

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