|
NEW YORK, April 5 (Xinhua) -- World crude oil prices
rose Wednesday after a U.S. weekly stockpiles report indicated
lower-than-expected supplies of gasoline and diesel.
New York's main contract, light sweet crude for
delivery in May, rose 47 cents to 66.70 dollars a barrel.
On London's ICE Futures exchange, the price of Brent
North Sea crude for May delivery rose 21 cents to 66.60 dollars a barrel.
On the New York Mercantile Exchange, the heating oil
rose less than a cent to 1.8610 dollars a gallon as gasoline futures rose more
than four cents to 1.94 dollars per gallon. Natural gas futures fell 4 cents to
7.03 dollars per 1,000 cubic feet.
The Energy Department said in its weekly report that
domestic inventories of gasoline shrank by 4.4 million barrels last week to
211.8 million barrels, or roughly in line with year-ago levels. The nation's
supply of distillate, which includes diesel and heating oil, fell by 2.6 million
barrels to 121.6 million barrels, or 16 percent more than last year.
Traders are still concerned about a possible halt in
Iran's oil exports if the United Nations imposes sanctions for its nuclear
activities.
A volatile situation in Nigeria, where oil output has
been reduced as a result of militant attacks, also dragged down market sentiment
as traders worry about the prospect of crude supplies. Nigeria is Africa's
leading oil producer and the fifth-biggest source of U.S. oil imports.
Enditem |