Oil prices little changed in thin trading before New Year’s holidays in Asia

The Associated Press 0

TOKYO – Oil prices were little changed in thin Asian trading Monday amid anticipation of the New Year’s holidays as well as stable energy demand in the U.S.

Benchmark U.S. crude for February delivery slipped 6 cents to $100.26 from New York levels. Trading at above the $100 threshold last week was the first since October, on a boost from prospects of a U.S. economic recovery.

Most Asian bourses were closed for the holidays, and the Tokyo Stock Exchange, the region’s main one, marked the last day for this year’s trading.

Brent crude, a benchmark for international oils, rose 28 cents to $112.46 a barrel on the ICE Futures exchange in London.

In other energy futures trading on Nymex:

— Heating oil rose 1 cent to $3.11 per gallon.

— Natural gas was unchanged at $4.41 per 1,000 cubic feet.

Leave a comment

Your email address will not be published. Required fields are marked *