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Market Journal 2011 P

  • 01/17/2011 -- Brent nears $100/bbl
    On Jan. 12, the benchmark February crude contract increased 0.8% to a 2-year high of $91.86/bbl on the New York Mercantile Exchange, while in London, North Sea Brent crude came within $2 of $100/bbl oil, which hadn’t been seen since October 2008.
  • 01/10/2011 -- Oil at $100/bbl would harm economy
    Financial markets and the Organization of Petroleum Exporting Countries are repeating their 2008 mistake in assuming the world can live with $100/bbl oil, said Olivier Jakob at Petromatrix, Zug, Switzerland.
  • 01/03/2011 -- Oil price strengthened in 2010
    Front-month crude prices waffled in late December, dropping below $90/bbl Dec. 30 before rebounding to $91.38/bbl Dec. 31 in the last trading session of 2010 in New York.
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