↑ Scroll to top

Oil settles above $96 as demand prospects improve

Published: January 23, 2013 | 8:43 am
Text size: -A +A

SAN FRANCISCO — Oil futures closed above $96 a barrel Tuesday, with the expiring February contract logging its highest settlement since Sept. 18. Fueling oil-demand expectations, the Bank of Japan said it would loosen its monetary policy in a move to spur Japan’s economy and Germany’s ZEW economic-expectations index rose more sharply than expected in January. February crude oil (US:clg3) rose 68 cents, or 0.7%, to settle at $96.24 a barrel on the New York Mercantile Exchange. March crude (US:clh3), which is now the front-month futures contract, tacked on 64 cents, or 0.7%, to $96.68 a barrel.

MarketWatch

VN:F [1.9.10_1130]
Rating: 0 (from 0 votes)
Share on Facebook Share on Twitter
More posts in category: Latest News
  • Oil falls to near $103 after China growth slows
  • ‘United make you a winner on and off the pitch’
  • Si Il se prГ©sente comme exagГ©rГ©ment tr bon contre se prГ©senter comme vraiSauf Que Il se prГ©sente comme Los cuales cela ne l’est pas
  • Soft Inquiry Signature Loans: Whatever They Are + Your Alternatives. What’s A soft Credit Check?