KERM'S KORNER Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : KERM'S KORNER

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kerm Yerman who wrote (14681)	1/7/1999 8:31:00 AM
From: Kerm Yerman	of 15196

IN THE NEWS / Oil Prices Jump On Rumours Of Meeting By AP NEW YORK -- Crude oil prices soared yesterday on the New York Mercantile Exchange after two surveys indicated a drop in oil supplies. Inventory reports by both the American Petroleum Institute and the U.S. Energy Department showed a drop in oil supply by nearly 15 million barrels last week. Rumours about a proposed meeting among OPEC leaders to discuss further production cuts also pushed prices upward. Light sweet crude oil for delivery in February rose 81 cents to $12.80 US a barrel. The benchmark West Texas Intermediate price jumped 72 cents yesterday to close at $12.70 US. News reports say that the Saudis, Iranians and Venezuelans are planning to meet at the end of January. In London, North Sea Brent Blend crude closed at $11.46 US a barrel, up 93 cents.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next