IEA Sees '09 Oil Demand Slump Moderating
The IEA mentioned rising refinery activity and OPEC's decision in late May to stick to its current production targets as contributing factors to higher crude futures.
Benchmark crude for July delivery was up 13 cents to $71.46 by midmorning Thursday in Europe in electronic trading on the New York Mercantile Exchange. It traded above $72 earlier. On Wednesday, the contract rose $1.32 to settle at $71.33.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
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|
DOWN
154.48
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DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
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|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
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Data delayed 20 minutes |
