Oil price reached all-time high level of USD 93,20 a barrel

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17:02 29.10.2007
text: Gazeta.kz
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Oil price grew on Monday in electronic system on New York Commodity Exchange (NYMEX) by 1,5% (by USD 1,34) and reached all-time high level of USD 93,20 a barrel . The reason for the next price growth is Mexico oil processing plant closure because of uranium threat, reports Gazeta.kz reffering to NEWSru.com со linked to Bloomberg.

December futures contract's price for WTI mark oil on NYMEX on Friday reached all-time high figures of USD 92,22 a barrel, and by the end of this week grew by 5,6% - up to USD 91,86, as underlined by "Interfax".

Starting from October oil price went up by 16%.

Geopolitical tension causes price growth. As became public on Monday, Mexico stopped production on the one of its oil processing plants in Gulf of Mexico because of uranium threat. In the meantime there is about 80% of Mexican oil produced in Gulf of Mexico.

Quoting for December futures for Russian Rebco mark oil in electronic system CME Globex (NYMEX) on October 26 rose by USD 1,34 and amounted USD 84,84 a barrel.

On London Exchange ICE Futures futures price for December for Brent mark oil grew by USD 1,21 - up to USD 88,69 a barrel.

Russian export oil with Western European ports delivery was sold for USD 86,19 a barrel, Siberian Light - for USD 88,04 a barrel.