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Oil jumps to 1-year high above $75 a barrel
Oil jumps to 1-year high above $75 in Asia, breaking 5-month trading range
By Alex Kennedy, Associated Press Writer
On 1:22 am EDT, Wednesday October 14, 2009
Buzz up! 0 Print
SINGAPORE (AP) -- Oil prices jumped above $75 a barrel Wednesday in Asia for the first time in a year on investor optimism crude demand will improve ahead of the Christmas shopping season.
Benchmark crude for November delivery was up 91 cents to $75.06, the highest since October 2008, by midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract gained 88 cents to settle at $74.15 on Tuesday.
Oil has traded between $65 and $75 since
Oil jumps to 1-year high above $75 in Asia, breaking 5-month trading range
By Alex Kennedy, Associated Press Writer
On 1:22 am EDT, Wednesday October 14, 2009
Buzz up! 0 Print
SINGAPORE (AP) -- Oil prices jumped above $75 a barrel Wednesday in Asia for the first time in a year on investor optimism crude demand will improve ahead of the Christmas shopping season.
Benchmark crude for November delivery was up 91 cents to $75.06, the highest since October 2008, by midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract gained 88 cents to settle at $74.15 on Tuesday.
Oil has traded between $65 and $75 since
