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ECHO PETROLE: Crude runs out in New York

Published November 29, 2022, 21:10

NEW YORK (Agefi-Dow Jones)–Crude prices closed higher for the second straight session on Tuesday in New York. Hopes of further output declines by OPEC and its allies at their upcoming meeting on Sunday are supporting prices, said Christin Kelley, commodity analyst at Schneider Electric. “The growing protest against health restriction measures in China also bodes well for a reopening of the country’s economy,” which would be favorable to demand, she adds. The WTI light crude oil contract for January delivery edged up 96 cents, or 1.2%, to $78.20 at the close.

-New York Office, Marketwach (French version Jérôme Batteau) ed: TVA

Agefi-Dow Jones The Financial News

Dow Jones Newswires

November 29, 2022 at 3:10 PM ET (8:10 PM)

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