On Thursday after the pause of crude oil price in less than a week before, the financial difficulties of bank of Cyprus ─ ─ ─ ─ ─ ─ ─ ─ ─ ─ ─ ─ ─ ─ ─ ─ ─ ─ ─ restart climb more than 400.
May delivery of benchmark crude oil rose 3 cents, to $96.61 a barrel in Bangkok at noon time in electronic trading on the New York mercantile exchange. The contract added 24 cents, closing at five week high of $96.68, on Wednesday.
Before the oil market is to exercise, must be carefully plug bank reopened for the first time since March 16. As political leaders negotiated a bailout, to prevent bank failures of the bank was closed. Dispute agreement, will force loss more customers on Monday, many analysts say, may lead to bank in the 17 countries using the euro crisis of confidence.
However, in the previous four sessions, oil prices have risen at $4.13, the strong U.S. economic data. Later Thursday, the United States released its fourth quarter gross domestic product (GDP) final readings and the latest weekly jobless claims.
American petroleum institute said that as of March 22nd week supply of crude oil rose by 3.7 million barrels. Supply is adequate, energy prices tend to keep a lid.
Brent crude oil, the oil refinery oil imports a variety of prices, up 30 cents to $109.99 a barrel on the ICE futures exchange in London.
Other energy futures in New York mercantile exchange trading:
- wholesale gasoline fell 0.5 cents to $3.107 a gallon.
- heating oil rose 0.3% to $3.04 a gallon.
- natural gas was up 1.3 cents, to $4.081 per 1000 cubic feet.