Oil slides higher; holding on to US policy outlook
February 11, 2014 9:45 am
Oil futures creep higher in electronic trade on Tuesday, as investors’ attention are on the congressional testimony of US Federal Reserve Chairwoman Janet Yellen.
Yellen’s report might shed further light about the US policy outlook.
Benchmark US March crude oil gained 3 cents higher to $100.09 per barrel, adding marginally to an 18-cent advance in the New York Mercantile Exchange session last Monday.
Brent crude oil to be delivered in March increased 9 cents or 0.1%, to $108.72 per barrel, following a 94-cent retreat the past day.
Natural gas to be delivered in March got more solid gains, rising 5 cents or 1%, to $4.63 per British thermal units, as buyers run in after Monday’s 20-cent plunge, the fourth loss in many sessions.
March gasoline remained stable at $2.73 per gallon, while March heating oil was also steady at $3 per gallon.
The material has been provided by InstaForex Company – www.instaforex.com
Oil futures creep higher in electronic trade on Tuesday, as investors’ attention are on the congressional testimony of US Federal Reserve Chairwoman Janet Yellen.
Yellen’s report might shed further light about the US policy outlook.
Benchmark US March crude oil gained 3 cents higher to $100.09 per barrel, adding marginally to an 18-cent advance in the New York Mercantile Exchange session last Monday.
Brent crude oil to be delivered in March increased 9 cents or 0.1%, to $108.72 per barrel, following a 94-cent retreat the past day.
Natural gas to be delivered in March got more solid gains, rising 5 cents or 1%, to $4.63 per British thermal units, as buyers run in after Monday’s 20-cent plunge, the fourth loss in many sessions.
March gasoline remained stable at $2.73 per gallon, while March heating oil was also steady at $3 per gallon.
The material has been provided by InstaForex Company – www.instaforex.com
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