The light sweet crude oil futures contract on the NYMEX settled at $81.24 a barrel Friday, losing ground from the previous day’s close of $82.11.
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The Natural Gas Supply Association yesterday joined with more than 60 other organizations in a letter to all members of the U.S. Senate calling for their support of S.J. Res. 26.
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On the heels of positive oil market reports out recently from the IEA, EIA and OPEC, it is worth noting OPEC’s growth forecast for global oil demand in 2010.
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Eni SpA estimated Friday that hydrocarbon output growth will outstrip that of its peers, a forecast it hopes will quell investor alarm.
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Pausing near $82 a barrel, oil closed nearly unchanged as traders weighed mixed economic data on the domestic front and high inflation in the Far East.
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