پس از حمایت بانک مرکزی امارات متحده عربی از شرکت مجمع الجزایر جهانی دبی،قیمت نفت به بالای ۷۶ دلار هم رسید
Oil Rises Above $76 as U.A.E. Backs Dubai, Tanker Is Seized
By Alexander Kwiatkowski and Christian Schmollinger
Nov. 30 (Bloomberg) -- Crude oil rose above $76 a barrel in New York after the United Arab Emirates central bank said it would back the country’s lenders against a possible default by Dubai World.
Oil gained as much as 1.1 percent today after the Abu Dhabi-based central bank said yesterday that financial institutions will be able to use a borrowing facility. Somali pirates seized a supertanker carrying crude oil from Saudi Arabia to the U.S., and the dollar weakened, bolstering the appeal of crude as an alternative investment.
“It looks like the oil market is able to ignore the negative news from Dubai and price in the positive news,” said Eugen Weinberg, head of commodities research at Commerzbank AG in Frankfurt. “The dollar is helping a lot too.”
Crude oil for January delivery climbed as much as 80 cents to $76.85 a barrel on the New York Mercantile Exchange. Prices were up 60 cents to $76.65 a barrel at 9:32 a.m. in London.
The contract declined 2.5 percent to settle at $76.05 a barrel on Nov. 27. Prices have gained 72 percent this year. Oil is set for a monthly decline of 0.4 percent, its first drop in four months.
“The market has run out of steam after spending most the year in an upward trajectory,” said Toby Hassall, a research analyst with CWA Global Markets Pty in Sydney. “The market is still coming to terms with the implications of the Dubai debt scare for oil.” The move by the U.A.E central bank could be a positive sign, he said.
Dubai World
Markets from Asia to the U.S. fell last week after Dubai World announced Nov. 25 it was seeking to delay loan repayments. Dubai’s stock markets will trade today for the first time since the news.
Dubai World, a state-owned holding company struggling with $59 billion of debt and other liabilities, said it would seek a standstill agreement with creditors and an extension of loan maturities until at least May 30, 2010. That raised the prospects of rising loan losses for U.A.E. and foreign banks.
Brent crude oil for January settlement on the London-based ICE Futures Europe exchange traded at $77.77 a barrel, up 59 cents, at 9:25 a.m. in London. The contract earlier rose as much as 77 cents, or 1 percent, to $77.95 a barrel.
The dollar traded at $1.5034 a euro at 8:56 a.m. in London, weakening from $1.4988 on Nov. 27. The European currency last week gained 0.9 percent against the greenback, its biggest climb in three weeks.
Iran Defiance
Iran announced an expansion of its nuclear program in defiance of United Nations demands, a move that the Obama administration said will further isolate the Islamic Republic from the international community.
President Mahmoud Ahmadinejad’s Cabinet ordered the Atomic Energy Organization of Iran to begin building 10 uranium enrichment sites within two months, the Islamic Republic News Agency reported. All would be at the same scale as Iran’s Natanz site, producing fuel for power plants to generate 20,000 megawatts of electricity, the state news agency said.
Iran is a member of the Organization of Petroleum Exporting Countries, which pumps 40 percent of the world’s oil.
To contact the reporters on this story: Alexander Kwiatkowski in London at akwiatkowsk2@bloomberg.netChristian Schmollinger in Singapore at christian.s@bloomberg.net;
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