Crude prices rise for ninth straight day
11:57, 6 January 2010
NEW YORK. January 6. KAZINFORM Crude prices rose for the ninth straight day on Tuesday as cold weather boosted demand for heating fuel; Kazinform refers to Xinhua.
Unusually cold weather has hit the United States, Europe and Asia since last week. Investors expected that the weather would boost heating demand above normal.
Investors are also awaiting weekly U.S. oil inventory data while analysts forecast the data will show a drop in distillate and crude stockpiles; Kazinform cites Xinhua.
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