Oil rises above US$104 a barrel ahead of Ukraine vote, U.S. holiday weekend
The price of oil rose above US$104 a barrel Friday ahead of a holiday weekend in the United States and national elections in Ukraine on Sunday.
Benchmark West Texas Intermediate crude for July delivery gained 61 cents to close at US$104.35 a barrel on the New York Mercantile Exchange. Oil ended the week with a gain of $2.33 a barrel, or 2.3 per cent.
Brent crude, a benchmark for international oils, added 18 cents to US$110.54 on the ICE Futures exchange in London.
Ukrainians vote Sunday in an early presidential election that could be a crucial step toward resolving the country's crisis, but clashes between pro-Russia separatists and government forces appeared to be heating up. Russian President Vladimir Putin said his country would respect the outcome of the election.
Holidays will keep markets closed on Monday in both the United States and Britain.
In other energy futures trading on the Nymex, wholesale gasoline rose two cents to US$3.02 a U.S. gallon (3.79 litres), heating oil was flat at US$2.95 a gallon and natural gas rose five cents to $4.41 per 1,000 cubic feet.
(TSX:ECA), (TSX:IMO), (TSX:SU), (TSX:HSE), (NYSE:BP), (NYSE:COP), (NYSE:XOM), (NYSE:CVX), (TSX:CNQ), (TSX:TLM), (TSX:COS), (TSX:CVE)
Read more Business News
- Housefire in ArmstrongVernon / N. Okanagan - 8:33 pm
- Fish festival educates kidsKelowna - 8:32 pm
- Wildfire destroys 10 homesWorld - 12:20 pm
- Warriors hang on, sweep weekendBCHL - 5:15 pm
|QHR Technologies Inc||1.37||+0.05|
|Anavex Life Sciences||0.223||-0.0031|
|Copper Mountain Mining||2.66||-0.02|
|Sunrise Resources Ltd||0.02||-0.005|
|Mission Ready Services||0.29||-0.01|
“Is this a fair offer from ICBC?”…. “How much should I settle for?”… “What is my claim worth?” These are just some of the questions I regularly get as...
Last night I was privileged to be able to speak at the Greater Westside Board of Trade business awards dinner. Photo: ContributedI talked about Innovation and Collaboration which are two very interes...
There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...