OGJ Newsletter

Energy futures prices were up sharply during the first trading sessions of 2004, with the February contract for benchmark US light, sweet crudes jumping by $1.26 to $33.78/bbl on the New York Mercantile Exchange and West Texas Intermediate at Cushing, Okla., bounding by $1.28 to $33.78/bbl on the US spot market on Jan. 5.

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