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Ölpreis zieht wieder heftig an... o.T.
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Stockpile data lift oil price
API data show U.S. stocks fell again, pushing crude futures higher
October 18, 2000: 5:55 a.m. ET
LONDON (CNNfn) - Crude oil prices jumped in European trading Wednesday after a report released late Tuesday showed U.S. stocks fell again, raising fears of a shortage as colder weather prompts rising demand for heating oil.
Benchmark Brent crude oil for December delivery rose 72 cents to $31.85, further supported by concerns that the continuing crisis in the Middle East might eventually lead to disruptions in supply from the world's main oil producing region.
Analyst Peter Hitchens of Williams de Broe wrote in a daily commentary to investors that the decline in oil stocks in the United States was bigger than expected, highlighting "tight inventory levels throughout the world".
American Petroleum Institute data showed U.S. crude stocks fell by 3.1 million barrels in the week through Oct. 13.
Analysts warned that although there was little immediate sign that oil might be used as a weapon in the conflict between Israel and the Palestinians, the tension in the region would probably carry on underpinning high oil prices.
"As far as the Middle East is concerned, there is still strong justification for a premium to remain in the market until it is clear the situation is much calmer on the ground," according to analyst Lawrence Eagles of brokerage GNI.
API data show U.S. stocks fell again, pushing crude futures higher
October 18, 2000: 5:55 a.m. ET
LONDON (CNNfn) - Crude oil prices jumped in European trading Wednesday after a report released late Tuesday showed U.S. stocks fell again, raising fears of a shortage as colder weather prompts rising demand for heating oil.
Benchmark Brent crude oil for December delivery rose 72 cents to $31.85, further supported by concerns that the continuing crisis in the Middle East might eventually lead to disruptions in supply from the world's main oil producing region.
Analyst Peter Hitchens of Williams de Broe wrote in a daily commentary to investors that the decline in oil stocks in the United States was bigger than expected, highlighting "tight inventory levels throughout the world".
American Petroleum Institute data showed U.S. crude stocks fell by 3.1 million barrels in the week through Oct. 13.
Analysts warned that although there was little immediate sign that oil might be used as a weapon in the conflict between Israel and the Palestinians, the tension in the region would probably carry on underpinning high oil prices.
"As far as the Middle East is concerned, there is still strong justification for a premium to remain in the market until it is clear the situation is much calmer on the ground," according to analyst Lawrence Eagles of brokerage GNI.
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