Brent nears $100/bbl

01/24/2011
by Sam Fletcher, Senior WriterOn 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.Brent gained 51¢ to $98.12/bbl then, but 2 days later it finished the week at $98.68/bbl—"the highest level since September 2008," said James Zhang at Standard New York Securities Inc., the Standard Bank Group. However, West Texas Intermediate closed at $91.54/bbl Jan. 14.Analysts at KBC Energy Economics, a division of KBC Advanced Technologies PLC in Surrey, UK, noted the US benchmark WTI recentl...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected