Oil Edges Up Over $72 a Barrel
Wednesday February 10, 2010
Oil rose to more than $72 a barrel early Tuesday, up slightly from the previous two trading days, in advance of a government inventory report due out this week, Bloomberg reported.
Crude futures were trading at $72.80 in early New York Mercantile Exchange trading, up from the $71.89 closing price on Monday.
Oil closed Friday at $71.19, the lowest closing price since mid-December, Bloomberg reported.
The Department of Energy’s price surveys on diesel and gasoline pump prices — usually released on Mondays — will not be released Tuesday because the U.S. government remains closed in the Washington, D.C., area due to the Mid-Atlantic weekend blizzard.
DOE’s weekly inventory survey, which usually comes out on Wednesday, may also be delayed this week.Back to All Posts