Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / Energy Tools: Save | Print | E-mail | Most Read | Comment
Crude futures surge above US$100
Adjust font size:

Crude futures surged above 100 U.S. dollars a barrel Tuesday on supply concerns.

It's the first time the crude prices closed above 100 dollars.

Light, sweet crude for March delivery rose 4.51 dollars at a record 100.01 a barrel on the New York Mercantile Exchange after earlier rising to 100.10 dollars, a new trading record.

An explosion at a 67,000 barrel per day refinery in Texas, the falling dollar and the possibility that OPEC may cut production next month boosted the prices, said analysts.

Other energy futures also jumped Tuesday. March gasoline jumped 10.93 cents to settle at 2.6031 dollars a gallon, and March heating oil rose 11.45 cents to settle at 2.7614 dollars a gallon.

(Xinhua News Agency February 20, 2008)

Tools: Save | Print | E-mail | Most Read

Username   Password   Anonymous
China Archives
Related >>
- China imports record 163 mln tons of crude oil last year
- Crude oil breaks US$90; investors look to gold
Most Viewed >>
-CPI hits 11-year high
-Aluminum prices rise
-Iron ore costs may increase by 65%
-FDI doubles despite tax concerns
-China rail firm wins big contracts in Libya

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © All Rights Reserved E-mail: Tel: 86-10-88828000 京ICP证 040089号