Skip to content

Oil Jumps More Than $4 to Near $103 a Barrel

1/3/2012 3:30:00 PM
Write a Letter to the Editor

Print This

Larry Smith/Trans Pixs

Oil rose more than $4 to almost $103 a barrel Tuesday, a seven-month high, on signs of stronger manufacturing activity in the United States, China and India, Bloomberg reported.

Crude futures rose $4.13 to finish as $102.96 per barrel on the New York Mercantile Exchange, up from Friday’s $98.83 closing price.


It was the highest closing price since May 10, according to Bloomberg figures. The Nymex was closed Monday for the New Year’s holiday.

Oil has closed over $100 a barrel just once in the past two weeks, when it finished trading at $101.34 last Tuesday.

The Institute for Supply Manufacturing reported in its monthly factory index released Tuesday that U.S. manufacturing activity reached a six-month high, while a similar gauge in China showed improvement, Bloomberg reported.

The Department of Energy will release its weekly survey of diesel and gasoline pump prices Tuesday afternoon in Washington.

Follow Transport Topics on RSS Twitter Facebook

 Print This

© 2011, Transport Topics Publishing Group. All rights reserved.




Oil Jumps More Than $4 to Near $103 a Barrel (1/3/2012 3:30:00 PM)
Editorial: Happy New Year (1/2/2012 8:00:00 AM)
Trailer Orders Up 29.5% in November, ACT Says (1/2/2012 2:15:00 AM)
Diesel Fuel Ends Year at $3.791 as Refineries Ramp Up Output (1/2/2012 1:30:00 AM)
Oil Holds Below $100 a Barrel (12/29/2011 3:00:00 PM)
Diesel Falls 3.7¢ to $3.791 a Gallon; Gasoline Gains 2.9¢ to $3.258 (12/28/2011 9:00:00 AM)

Click Here!

I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.
Tax, Accounting, Consulting - Emil Estafanous, CPA, CFF, CGMA