Crude Oil Retains Upward Momentum, Nymex Futures Close Above $91

摘要

Nymex crude futures maintained their upward momentum on Thursday, rising above $91 per barrel on positive economic news and a weaker dollar. Closing above the $90/bbl threshold for two straight days gave the market technical strength heading into the long holiday weekend. The week between Christmas and New Year is expected to be quiet, but more investor money is likely to enter the market at the beginning of 2011.