Sponsored Links
Oil prices edged higher amid choppy trading Monday, as the dollar tailed off against the euro following a run to its highest level since last May. Supply concerns related to Iran's nuclear program and continuing strike by workers in a French oil company underpinned the prices.
Crude oil for delivery in April settled $0.25 higher at $80.31 per barrel in the New York Mercantile Exchange.
The oil refining capacity of France has been affected as a strike by workers in six refineries owned by Total SA, protesting against the company's plans to close one of its plants, entered the sixth day.
Oil prices have risen in the recent days driven mainly by renewed optimism about the US economy, as indicated by various economic releases and tame inflation figures.
The Energy Department's inventory update may provide direction to the market. The latest release from the Energy Information Administration had revealed an increase of 3.1 million in US crude stockpiles.
0 komentar:
Post a Comment