NYMEX
Oil prices jumped on tensions in crude-producing Nigeria and China's reported plans to rapidly increase its strategic crude oil reserves.
Nigerian rebels on Monday announced their latest raid against a Shell oil facility and said they had killed at least 20 soldiers in a gun battle, a claim denied by the security forces.
A Shell spokesman confirmed the raid and said it had caused a loss of production.
Reports over the weekend that China planned to increase strategic crude oil reserves by 60 per cent to 270 million barrels during the next five years also boosted prices, analysts said.
New York's main futures contract, light sweet crude for August, lifted $US2.33 from its closing price on Friday to end at $US71.49.
London's Brent North Sea crude for delivery in August gained $US2.07 to $US70.99 a barrel.
NYMEXOil prices jumped on tensions in crude-producing Nigeria...
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Last
49.0¢ |
Change
0.005(1.03%) |
Mkt cap ! $45.28M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 49.0¢ | 48.5¢ | $20.17K | 41.30K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18011 | 49.0¢ |
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| Price($) | Vol. | No. |
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| 49.5¢ | 30000 | 1 |
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