Oil Futures Edge Higher Ahead of Supply Data - report

By Midnight Trader,  January 08, 2013, 09:05:44 AM EDT

Crude-oil futures climbed above US$93 a barrel Tuesday ahead of supply data expected to show a rise in stockpiles, according to MarketWatch.

Oil for February delivery rose 24 cents to $93.45 a barrel in electronic trading. The contract on Monday closed with a small gain at $93.19 on the New York Mercantile Exchange, the highest settlement for the February contract since the middle of October.

Last week, crude prices rose 2.5% after a big drop in crude supplies, and analysts are expecting this week's data to show a rebound.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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