MCX-COMMODITY ONLINE LIVE NEWS ( JAN 04)

 Golden Investment Research (P) Limited

COMMODITY(10.30AM)

Oil jumps above USD 102 a barrel

Oil prices soared to USD 102.96 a barrel Tuesday in international markets.

Benchmark crude jumped by USD 4.13, or 4.2%, to end the day at USD 102.96 a barrel in New York.

Brent crude, which is used to price foreign oil varieties that are imported by US refineries, rose by USD 4.75, or 4.4%, to finish at USD 112.13 a barrel in London.

In other energy trading Tuesday, heating oil rose 12.4 cents, or 4.3%, to end the day at USD 3.0382 per gallon, while gasoline futures rose by 9.12 cents, or 3.4%, to finish at USD 2.7486 per gallon. Natural gas was virtually unchanged, ending at USD 2.9930 per 1,000 cubic feet.

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