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26 June, 2008
The future of the north american crude ascended more than five dollars on Thursday, to set a record mark over the 140 dollars the barrel, bolstered by the news that Libya was evaluating a production cutting and because of the weakening of the dollar. The comments of the OPEC president that the barrel of crude could reach the 170 dollars in next months also gave impulse to the market. In the Mercantile Board of New York, the crude for delivery in August went up u$s5,20, or 3,8%, to 139,75 dollars the barrel, after oscillating from u$s133,68 to a historical maximum of 140,05 dollars. “The oil market ascended strongly during the morning, after the boss of the National Petroleum Corporation of Libya, Shokri Ghanem, said that Libya was considering a production cutting”, said Tim Evans of Citi Futures Perspective. Ghanem, the Lybian oil official of more hierarchy, affirmed that he was considering the possibility to reduce the pumping in answer to a bill of the Congress of the United States that would allow the Department of Justice to demand the members of the Organization of Petroleum Exporting Countries (OPEC) to limit the supplies. “We are studying all the options”, Ghanem pointed out to Reuters. “There are threats of the Congress and they are taking the OPEC to court, extending the jurisdiction of United States outside of United States”, he added. The American president, George W. Bush, said that he would veto that project if it were approved by the Congress. The Camera of Representatives approved it in May, but the Senate should still program the voting of it. The prices broke the record of 139,89 dollars the barrel set on June 16th, amid the escalade of the last six years encouraged by the growing demand of emergent economies as China and India. Source: Reuters/Infobae Nextfuel Argentina/Biodiesel.com.ar Deje un comentario |
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