Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
Crude prices jump as OPEC to cut supply
+ -
08:11, February 27, 2009

Click the "PLAY" button and listen. Do you like the online audio service here?
Good, I like it
Just so so
I don't like it
No interest
 Related News
 Crude prices jump as U.S. gasoline demand rises
 Crude futures rebound as U.S. stocks rally
 Oil prices hit new high despite rising U.S. inventories, stronger dollar
 Oil prices shoot over 122 dollars on supply concerns
 Crude-oil futures close down nearly 3% on economic concerns
 Comment  Tell A Friend
 Print Format  Save Article
Crude prices jumped Thursday as OPEC will cut output again.

OPEC member the United Arab Emirates announced it was cutting back supplies to Asia for April after the cartel warned to cut more production when it meets in March.

Since September, OPEC has cut output by 4.2 million barrels per day as part of efforts to stem the steep drop in prices as demand shrinks.

U.S. government data released on Wednesday showed U.S. gasoline demand is rising over the last week while imports over the last two weeks are more than 10 percent below the prior month's average.

Light, sweet crude for April delivery jumped 6.4 percent, or 2.72 U.S. dollars to settle at 45.22 dollars a barrel on the New York Mercantile Exchange.

In London, Brent prices rose 2.22 dollars to settle at 46.51 dollars on the ICE Futures exchange.

Source: Xinhua



  Your Message:   Most Commented:
British boy becomes father at 13 
Satellite collision reflects necessity for int'l laws: Russian expert
China-made electric cars to enter US market
Survey on two sessions
U.S. Secretary of State Hillary Clinton arrives in Beijing for China visit

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90778/90858/90864/6602120.pdf