Oil traded close to a two-year high on 20-Dec-2010 as cold weather boosted demand for heating fuels in Europe and North America and amid speculation the US economic recovery will accelerate in 2011 increasing oil consumption (Bloomberg, 21-Dec-2010). Light, sweet crude for Jan-2010 delivery settled up USD0.79 cents, or 0.9%, at USD88.81 a barrel on the New York Mercantile Exchange. With the Jan-2010 contract expiring yesterday, Feb-2011 crude rose USD0.77 cents, or 0.9%, settling at USD89.37. Brent crude on the ICE futures rose USD1.07, or 1.2%, to finish at USD92.74 a barrel.
Oil trades close to two-year high
You may also be interested in the following articles...
Capture untapped revenue opportunities using advanced analytics
Sabre Airline Solutions continues its year-long series focused on the need for a next-generation revenue management system. The four-part article series examines how Total Revenue Optimization (TRO) can be realized by implementing a revenue management solution that incorporates real-time data, portfolio integration, advanced analytics, and real-time decision support. The following is a preview of the series’ fourth article discussing the benefits of a revenue management system with portfolio integration.
ACTE-CAPA Global Summit addresses liberalisation, disruptive technologies and Brexit
The ACTE-CAPA Global Summit attracted over 800 delegates and more than 40 c-level executives to Amsterdam on 27-28 Oct-2016. The CEOs of more than 20 airlines spoke during the summit, which included the annual CAPA Aviation Awards for Excellence gala dinner.
For a report on the award winners see: Icelandair, Iberia, Qatar, Wizz, AirAsia’s Fernandes, London City, Vancouver, ABB win CAPA awards
Liberalisation and disruptive technologies were among the main themes across two days of keynotes and panel discussions. Brexit, China, global alliances and the future of the low cost model were also examined in specifically themed panel discussions.