Daily Oil Report

  on

Tuesday 12th January 2010

The price of WTI fell on reports of a milder than expected US winter forecast. The price has rallied on expectations of stronger heating oil demand, but the latest reports say that this may have been overdone. Temperatures in the US, Asia and Europe are expected to rise, lessening the demand from consumers. The rally saw the price of WTI go as high as $83.95, but has since retreated.

Crude

Crude Oil

COMMODITY

LEVEL

CHANGE

ICE BRENT CRUDE - JAN 10

$80.68

-$0.29

ICE WTI - FEB 10

$82.23

-$0.29

GASOIL - JAN 10

$656

-$0.75

 
 
 

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