Source Pravda.Ru

Crude futures rise to 10-day high in Asia

43438.jpegCrude futures rose to a near-10-day high in Asia Monday, as unrest in Libya intensified and the U.S. dollar appeared to be pressured by European and Chinese monetary policy.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in March traded at $87.38 a barrel at 0650 GMT, up $1.18 in the Globex electronic session, before its expiration Tuesday. It hit $87.77 a barrel on Feb. 11. The more traded March contract was up $1.80 at $91.51 a barrel.

April Brent crude on London's ICE Futures exchange rose $1.30 to $103.82 a barrel, MarketWatch reports.

"The tensions in the Middle East, particularly in Libya with the uprising against Qaddafi, is having an impact," Ben Westmore, a minerals and energy economist at National Australia Bank Ltd. in Melbourne, said by telephone today. "It's not a Saudi Arabia or an Iran, but it would have an impact on the market balance if you were to see oil supply limited because of these conflicts."

Crude for April delivery rose as much as $1.99 to $91.70 a barrel in electronic trading on the New York Mercantile Exchange, and was at $91.51 at 2:55 p.m. Singapore time. It climbed 87 cents to $89.71 on Feb. 18. The less actively traded March contract, which expires tomorrow, gained $1.17 to $87.37, Bloomberg says.

 

"We have every right to impose sharia here in Belgium...We say that we want to impose sharia, because Sharia is 80% compatible with the Constitution"

The Islamic party challenges Europe

An objective analysis of where the United Kingdom and its Prime Minister stand one hundred days before the Brexit deadline. Let us see the facts, not conjecture

May's Mayhem: Where the UK Prime Minister has it wrong

"We have every right to impose sharia here in Belgium...We say that we want to impose sharia, because Sharia is 80% compatible with the Constitution"

The Islamic party challenges Europe