Finotec News Archive - September 05 2007

Crude Oil Ends Up as Refined Production Jump

U.S. crude oil futures finished higher Tuesday, lifted above $75 per barrel

Sagiv Perez
05 September 2007

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U.S. crude oil futures finished higher Tuesday, lifted above $75 per barrel as strong products futures led the complex up amid strong cash markets and continued concern about the hurricane season. Expectation OPEC won’t change the supplies quota in spite of rising global demand also presses the price of the black gold upward. The September future contract on the crude oil traded around the levels of 75.125$ a barrel on 20:22 (GMT).

Finotec Analysis Team
05 September 2007

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