Futures Oil

Monday 12 April 2010

Crude Oil Future: Go Up Again in the Markets

According to Bloom-berg, when the dollar fell, for the first time, Crude Oil continued to go up in four days. Also, due to the surging demand, China had to increase Crude Oil imports.

As in more than three weeks, the dollar slipped to its lowest level and Crude Oil continued to advance; this would be the appeal of commodities as an alternative investment. In March, 29% more Crude Oil was imported into China, based on customs data released April 10.

According to Daily-futures, "June natural gas closed up 16.3 cents at $4.169 in spite of forecasts for warmer U.S. weather ahead".

For May delivery, in electronic trading on the NY Mercantile Exchange, Crude Oil continued to rise as much as 79 cents, or 0.9 percent, to $85.71 a barrel. Base on Singapore time, the contract was at $85.38 at 3:15 p.m. In 2010, Futures Crude Oil have gained more than 7 percent unexpectedly.
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