USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

191

Crude Climbed On US Govt Report, Saudi Blasts

Oil prices continued their rising Wednesday after blasts in Saudi Arabia's capital

Crude Climbed On US Govt Report, Saudi Blasts

Oil prices continued their rising Wednesday after blasts in Saudi Arabia?s capital and after the US government?s report on decline in lean winter heating fuel stocks.

US light crude oil futures climbed $1.23 to $43 a barrel on the New York Mercantile Exchange.

London?s Brent crude fell by 67 cents to $39.40, catching up with heavy US losses earlier this week when the International Petroleum Exchange was closed.

Prices rose as the US Energy Information Administration said stocks of distillate fuel, including heating oil and diesel fuel, dropped by 900,000 barrels last week to 119.1 million barrels. Lower-than-normal temperatures last week helped to pull down heating oil stocks, which are more than 12 per cent below last year.


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