www.xinhuanet.com
XINHUA online
CHINA VIEW
VIEW CHINA
 Breaking News Czech president calls election for lower house    Abbas meets with German Chancellor    Blair for Iraqi invasion without 2nd UN resolution: report    Kuwaiti emir accepts cabinet resignation    Iraqi girl killed by H5N1    Hamas calls for continued aid, dialogue    
Home  
China  
World  
Business  
Technology  
Opinion  
Culture/Edu  
Sports  
Entertainment  
Life/Health  
Travel  
Weather  
RSS  
  About China
  Map
  History
  Constitution
  CPC & Other Parties
  State Organs
  Local Leadership
  White Papers
  Statistics
  Major Projects
  English Websites
  BizChina
- Conferences & Exhibitions
- Investment
- Bidding
- Enterprises
- Policy update
- Technological & Economic Development Zones
Online marketplace of Manufacturers & Wholesalers
   News Photos Voice People BizChina Feature About us   
Crude prices rise above 68 dollars
www.chinaview.cn 2006-01-31 10:29:00

    NEW YORK, Jan. 30 (Xinhuanet) -- World crude prices rose Monday on the eve of OPEC meeting on whether to change its output.

    New York's main contract, light sweet crude for delivery in March, gained 59 cents to close at 68.35 dollars a barrel.

    In London, the price of Brent North Sea crude for March delivery climbed 35 cents to end at 66.59 dollars a barrel.

    On the New York Mercantile Exchange, heating oil rose 2.69 cents to settle at 1.8338 dollars per gallon, while gasoline futures gained 3.85 cents to 1.7749 dollars a gallon.

    Traders are waiting for the ends of a host of events to take direction from this week, including the meetings of the Organization of Petroleum Exporting Countries (OPEC) Tuesday and the International Atomic Energy Agency on Thursday and President George Bush's state of the union address.

    Saudi Oil Minister Ali al-Naimi said Monday all the 11 members agreed on maintaining OPEC production ceiling of 28 million barrels per day (bpd) for now.

    Exxon Mobil Corp., the world's largest publicly traded oil company, reported a quarterly profit of 10.7 billion U.S. dollars on Monday, rounding out the most profitable year in U.S. corporatehistory.

    Oil prices have climbed more than 10 percent since Iran said itwould restart nuclear research on Jan. 3. Crude prices struck record highs of 70.85 dollars a barrel on Aug. 30 in New York and 68.89 dollars in London, on worries of Hurricane Katrina. Enditem

    

  Related Story
Copyright ©2003 Xinhua News Agency. All rights reserved.
Reproduction in whole or in part without permission is prohibited.