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    <title>Business Recorder - News</title>
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    <pubDate>Mon, 17 Aug 2026 04:17:28 +0500</pubDate>
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      <title>Oil up in Asian trade amid cold winter spell</title>
      <link>https://www.brecorder.com/news/852/oil-up-in-asian-trade-amid-cold-winter-spell</link>
      <description>&lt;p style="margin: 0in 0in 0pt;" class="MsoPlainText"&gt;&lt;span lang="EN-GB"&gt;&lt;span size="2" style="font-size: x-small;"&gt;&lt;span face="Courier New" style="font-family: Courier New;"&gt;&lt;img width="270" src="https://i.brecorder.com/images/stories/pics2010/oil14_270.jpg" alt="oil14_270" height="299" style="float: left; margin-right: 10px;" /&gt;SINGAPORE: Oil rose in Asian trade Thursday on expectations that the freezing temperatures in the northern hemisphere will stoke demand, analysts said.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin: 0in 0in 0pt;" class="MsoPlainText"&gt;&lt;span lang="EN-GB"&gt;&lt;span size="2" style="font-size: x-small;"&gt;&lt;span face="Courier New" style="font-family: Courier New;"&gt;New York's main contract, light sweet crude for February delivery, rose three cents to 91.15 dollars per barrel.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin: 0in 0in 0pt;" class="MsoPlainText"&gt;&lt;span lang="EN-GB"&gt;&lt;span size="2" style="font-size: x-small;"&gt;&lt;span face="Courier New" style="font-family: Courier New;"&gt;Brent North Sea crude for February was up 14 cents at 94.28 dollars.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin: 0in 0in 0pt;" class="MsoPlainText"&gt;&lt;span lang="EN-GB"&gt;&lt;span size="2" style="font-size: x-small;"&gt;&lt;span face="Courier New" style="font-family: Courier New;"&gt;"The prices are related to weather... as well as inventories," said Jason Feer, Asia-Pacific vice president and general manager for Argus Media energy market analysts in Singapore.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin: 0in 0in 0pt;" class="MsoPlainText"&gt;&lt;span lang="EN-GB"&gt;&lt;span size="2" style="font-size: x-small;"&gt;&lt;span face="Courier New" style="font-family: Courier New;"&gt;The Organisation of the Petroleum Exporting Countries (OPEC) has not made "much imminent concerted effort to bring down prices", he added.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin: 0in 0in 0pt;" class="MsoPlainText"&gt;&lt;span lang="EN-GB"&gt;&lt;span size="2" style="font-size: x-small;"&gt;&lt;span face="Courier New" style="font-family: Courier New;"&gt;OPEC produces 40 percent of the world's crude oil, and its actions have a heavy influence on crude futures movements.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin: 0in 0in 0pt;" class="MsoPlainText"&gt;&lt;span lang="EN-GB"&gt;&lt;span size="2" style="font-size: x-small;"&gt;&lt;span face="Courier New" style="font-family: Courier New;"&gt;Crude prices have been boosted by the extreme cold weather and blizzards in the northern hemisphere, with households seen using more heating oil.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin: 0in 0in 0pt;" class="MsoPlainText"&gt;&lt;span lang="EN-GB"&gt;&lt;span face="Courier New" size="2" style="font-size: x-small; font-family: Courier New;"&gt;&lt;Center /&gt;&lt;b&gt;&lt;i&gt;Copyright AFP (Agence France-Presse), 2010&lt;/b&gt;&lt;/i&gt;&lt;/center&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p style="margin: 0in 0in 0pt;" class="MsoPlainText"><span lang="EN-GB"><span size="2" style="font-size: x-small;"><span face="Courier New" style="font-family: Courier New;"><img width="270" src="https://i.brecorder.com/images/stories/pics2010/oil14_270.jpg" alt="oil14_270" height="299" style="float: left; margin-right: 10px;" />SINGAPORE: Oil rose in Asian trade Thursday on expectations that the freezing temperatures in the northern hemisphere will stoke demand, analysts said.</span></span></span></p>
<p style="margin: 0in 0in 0pt;" class="MsoPlainText"><span lang="EN-GB"><span size="2" style="font-size: x-small;"><span face="Courier New" style="font-family: Courier New;">New York's main contract, light sweet crude for February delivery, rose three cents to 91.15 dollars per barrel.</span></span></span></p>
<p style="margin: 0in 0in 0pt;" class="MsoPlainText"><span lang="EN-GB"><span size="2" style="font-size: x-small;"><span face="Courier New" style="font-family: Courier New;">Brent North Sea crude for February was up 14 cents at 94.28 dollars.</span></span></span></p>
<p style="margin: 0in 0in 0pt;" class="MsoPlainText"><span lang="EN-GB"><span size="2" style="font-size: x-small;"><span face="Courier New" style="font-family: Courier New;">"The prices are related to weather... as well as inventories," said Jason Feer, Asia-Pacific vice president and general manager for Argus Media energy market analysts in Singapore.</span></span></span></p>
<p style="margin: 0in 0in 0pt;" class="MsoPlainText"><span lang="EN-GB"><span size="2" style="font-size: x-small;"><span face="Courier New" style="font-family: Courier New;">The Organisation of the Petroleum Exporting Countries (OPEC) has not made "much imminent concerted effort to bring down prices", he added.</span></span></span></p>
<p style="margin: 0in 0in 0pt;" class="MsoPlainText"><span lang="EN-GB"><span size="2" style="font-size: x-small;"><span face="Courier New" style="font-family: Courier New;">OPEC produces 40 percent of the world's crude oil, and its actions have a heavy influence on crude futures movements.</span></span></span></p>
<p style="margin: 0in 0in 0pt;" class="MsoPlainText"><span lang="EN-GB"><span size="2" style="font-size: x-small;"><span face="Courier New" style="font-family: Courier New;">Crude prices have been boosted by the extreme cold weather and blizzards in the northern hemisphere, with households seen using more heating oil.</span></span></span></p>
<p style="margin: 0in 0in 0pt;" class="MsoPlainText"><span lang="EN-GB"><span face="Courier New" size="2" style="font-size: x-small; font-family: Courier New;"><Center /><b><i>Copyright AFP (Agence France-Presse), 2010</b></i></center></span></span></p>
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      <guid>https://www.brecorder.com/news/852</guid>
      <pubDate>Thu, 30 Dec 2010 07:13:23 +0500</pubDate>
      <author>none@none.com (Fakir Syed Iqtidaruddin)</author>
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