Oil rises above US $72 a barrel on supply worries

By
June 27, 2006 16:36

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Oil prices rose above US $72 a barrel Tuesday as the suspension of some refinery production along the US Gulf Coast due to a shipping snag reignited concerns that gasoline supplies would not be able to meet demand during the summer. Also, rising demand from China - Asia's largest consumer of fuels - and worries about the ongoing tension between Iran and the West have lifted oil prices in recent weeks, with crude futures now trading about 19 percent higher than a year ago. Light, sweet crude for August delivery rose 50 cents to US $72.30 a barrel in electronic trading on the New York Mercantile Exchange by afternoon in Europe.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS