NEW YORK, Feb. 11 (Xinhua) -- Crude futures traded higher on Monday as concerns about potential supply disruptions.
Venezuelan President Hugo Chavez threatened Sunday to cut off oil sales to the U.S. as retaliation for court orders freezing assets belonging to Venezuela's state oil company.
Traders were worried about the potential cutoff of Venezuelan oil.
Light, sweet crude for March delivery jumped 1.82 U.S. dollars to 93.59 a barrel on the New York Mercantile Exchange after rising as high as 94.72 dollars, a one-month high.
Other energy futures also rose Monday. March heating oil futures rose 5.03 cents to settle at 2.6044 dollars a gallon, and March gasoline futures rose 3.9 cents to 2.3962 dollars a gallon.
Venezuelan President Hugo Chavez threatened Sunday to cut off oil sales to the U.S. as retaliation for court orders freezing assets belonging to Venezuela's state oil company.
Traders were worried about the potential cutoff of Venezuelan oil.
Light, sweet crude for March delivery jumped 1.82 U.S. dollars to 93.59 a barrel on the New York Mercantile Exchange after rising as high as 94.72 dollars, a one-month high.
Other energy futures also rose Monday. March heating oil futures rose 5.03 cents to settle at 2.6044 dollars a gallon, and March gasoline futures rose 3.9 cents to 2.3962 dollars a gallon.
