COMMODITY EXCHANGE

JANUARY 23 2007 13:53h

Winter In USA Expensified Oil

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With the harsh winter in the United Sates of America came rise of crude oil value.

Value of a crude oil barrel on the American market rose up by 74 cents on Monday , and is now 52.73 dollars.

At the same time, the value increased at the London market for 25 cents, and is now 53.69 dollars. The United States are the world`s biggest fuel oil market, and due to a mild winter, crude oil value was falling down up until yesterday.

Last week, American east coast was covered with snow, sleet and hail, and with that a barrel of crude oil became more expensive, the Poslovni dnevnik writes.