Oil opens at over $ 100 in New York
The barrel has opened above $ 100, symbolic price, on Wednesday in New York, its highest level since last June, when many bet on a decline in U.S. oil stocks.
- The barrel has opened above $ 100, symbolic price, on Wednesday in New York, its highest level since last June, when many bet on a decline in U.S. oil stocks.
At midday, the light sweet crude for December delivery gained 1.41 dollars to 100.78 dollars on the New York Mercantile Exchange.
- It was expected a decline in stocks, according to a strategist at TD Securities, referring to the figures from the U.S. Department of Energy (DoE), which are expected in the afternoon.
Analysts surveyed by Dow Jones Newswires, said that the DoE should reflect a decrease of 800,000 barrels of crude inventories in the U.S. for the week ended Nov. 11, a decrease of 1.1 million barrels of reserves of gas, and a drop of 3 million barrels in distillate stocks, including diesel and heating oil.
The supply disruptions in the Middle East and tensions raised by Iran's nuclear program, adding the actual situation in Syria have weighed heavily on the market.