Monday 11 July 2011
Oil Survey
Crude oil futures may test $100 this week on expectations the second-quarter U.S.
Last week, NYMEX crude for August delivery settled at $96.20 a barrel on Friday, rising $1.26, or 1.3 percent, for the week. Meanwhile, front-month Brent settled Friday at $118.33 a barrel, up $6.56 a barrel or 5.87 percent.
Last week, NYMEX crude for August delivery settled at $96.20 a barrel on Friday, rising $1.26, or 1.3 percent, for the week. Meanwhile, front-month Brent settled Friday at $118.33 a barrel, up $6.56 a barrel or 5.87 percent.
Gains may continue this week. Out of nine respondents, five are calling for prices to rise, one says prices will be little changed while three expect a decline. The CNBC Survey correctly predicted the direction of oil prices last week.
