Commodity Closing – Europe/Oil-Gas Majors 24.09.18

Commodity Closing – Europe/Oil-Gas Majors 24.09.18

Oil prices could rise towards $100 per barrel towards the end of the year or by early 2019 as sanctions against Iran bite, commodity merchants Trafigura and Mercuria said Monday at an industry conference in Singapore. Near on 2m barrels per day (bpd) of crude could be taken out of the market as a result of U.S. sanctions against Iran by Q4 end, according to Daniel Jaeggi, president of commodity merchant Mercuria Energy Trading, making a crude price spike to $100 a barrel possible.

NYMEX Crude Oil
72.06 USD
+1.28
+1.78%
ICE Brent Crude
81.03 USD
+2.23
+2.75%
NYMEX RBOB Gasoline
2.06 USD
+0.04
+1.88%
Dubai Crude Spot
78.80 USD
+2.22
+2.82%
ICE Gas Oil
704.75 USD
+16.75
+2.38%
NYMEX No2 Heating Oil
2.28 USD
+0.06
+2.56%
NYMEX Nat Gas
3.03 USD
+0.06
+1.88%
ICE NBP Nat Gas
77.86 GBP
+1.36
+1.75%