Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
1/2/2013 1:40:00 PM Write a Letter to the Editor Write a letter to the Editor

Crude Futures Hit Highest Level in More Than Three Months

Crude oil futures climbed above $93 a barrel on Wednesday in New York, the highest level in more than three months following the passage of federal legislation reversing automatic tax increases and spending cuts, Bloomberg News reported. 

West Texas Intermediate for February delivery rose $1.30, or 1.4%, to $93.12 a barrel on the New York Mercantile Exchange, the highest settlement level since Sept. 18.

The futures dropped 7.1% last year, the first decline since 2008. Trading was closed on Tuesday for the New Year’s Day holiday.

Oil futures in New York last traded above $95 a barrel in September.  

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2013, Transport Topics, American Trucking Associations Inc.
Reproduction, redistribution, display or rebroadcast by any means without written permission is prohibited.



Follow Us


This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.



© American Trucking Associations, Inc., All Rights Reserved Privacy Statement