Date: 2011-02-08 오후 11:14
BC-Oil Prices,6th Ld-Writethru/236
Eds: Changes byline and dateline, Adds Asia open.
Oil rises above $87 after US crude supply drop
SINGAPORE (AP) — Oil prices rose above $87 a barrel Wednesday in Asia after a report showed U.S. crude supplies unexpectedly fell last week, suggesting demand may be improving.
Benchmark crude for March delivery was up 63 cents at $87.57 a barrel at midday Singapore time in electronic trading on the New York Mercantile Ex change. The contract lost 54 cents to settle at $86.94 on Tuesday.
In London, Brent crude gained 41 cents to $100.33 a barrel ICE Futures ex change.
The American Petroleum Institute said late Tuesday that crude inventories fell 558,000 barrels last week while analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos., had forecast an increase of 2.4 million barrels. Inventories of gasoline rose 3.2 million barrels and distillates fell 538,000 barrels, the API said.
The Energy Department's Energy Information Administration reports its weekly supply data later Wednesday.
"The API report was encouraging," energy consultant The Schork Report said. "All told, this was the most bullish report the API has released in weeks."
In other Nymex trading in February contracts, heating oil rose 0.3 cent to $2.73 a gallon and gasoline gained 0.2 cent to $2.50 a gallon. Natural gas futures for March delivery were up 3.0 cents at $4.07 per 1,000 cubic feet.
Copyright 2011 The Associated Press.
Date:2011-02-08 오후 11:14
Slug:BC-Oil Prices,6th Ld-Writethru
Headline:Oil rises above $87 after US crude supply drop
Byline: ALEX KENNEDY,Associated Press
Byline Title:Associated Press
Editors' Note:Eds: Changes byline and dateline, Adds Asia open.
File Name (Transref):W1083