NYMEX crude asia's electronics rally above $103 a barrel

, affected by hurricane concerns and OPEC oil production quota decision, NYMEX crude oil futures rose to above $103 a barrel in Asia on the 11th, traders closely watched the dollar, September 11, after hitting a five-month low in recent days, the New York Mercantile Exchange (NYMEX) crude oil futures in The Asian electronic trading session on the 11th higher, mainly supported by hurricane Ike-related news and OPEC oil production quota resolutionat the same time, traders are keeping a close eye on the dollarThe euro fell below 1.3950 against the dollar in early trading in Asia, its lowest level since September 19, 2007, but the weakness of the dollar against the yen provided some support for commodity indices11:55 A.MLocal time, NYMEX October crude futures rose 85 cents to $103.43 a barrelThe contract fell 68 cents to $102.58 a barrel in a range of $101.36 to $104.97The National Hurricane Center said Hurricane Ike, a Category 2 hurricane, was moving northwest through the Gulf of Mexico on Sept10 and would reach the middle of Houston to Corpus Christi on the Texas coast early on September 13oil companies have shut down nearly all U.Soffshore oil production and begun shutting down texas coastal refineries as Hurricane Ike approaches a major U.Senergy production centerOPEC statement, OPEC's September 9-10 meeting resolution to comply with the September 2007 production quota (including new members Angola and Ecuador, excluding Indonesia and Iraq), totalling 28.8 million bpd, after the previous OPEC production quota of 29.67 million bpd (including Indonesia's 865,000 bpd)OPEC chairman, Chakib Khelil, said the cut in production quotas meant real crude oil production was 520,000 b/d lower than it was in Julyoil prices fell on Friday as the International Energy Agency (IEA) reported that it cut its forecast for global oil demand growth in 2008 by 100,000 barrels per day to 690,000 barrels, while its 2009 forecast for demand growth was revised down by 40,000 barrels to 890,000 barrels, due to weaker economic conditions and high pricesaffected by hurricane concerns and OPEC oil production quota decision, NYMEX crude oil futures rose above $103 a barrel in Asia on the 11th, traders closely watched the dollar, September 11, after hitting a five-month low in recent days, the New York Mercantile Exchange (NYMEX) crude oil futures in The Asian electronic trading session on the 11th higher, mainly supported by hurricane Ike-related news and OPEC oil production quota resolution at the same time, traders are keeping a close eye on the dollar The euro fell below 1.3950 against the dollar in early trading in Asia, its lowest level since September 19, 2007, but the weakness of the dollar against the yen provided some support for commodity indices 11:55 A.M Local time, NYMEX October crude futures rose 85 cents to $103.43 a barrel The contract fell 68 cents to $102.58 a barrel in a range of $101.36 to $104.97 The National Hurricane Center said Hurricane Ike, a Category 2 hurricane, was moving northwest through the Gulf of Mexico on Sept 10 and would reach the middle of Houston to Corpus Christi on the Texas coast early on September 13 oil companies have shut down nearly all U.S offshore oil production and begun shutting down texas coastal refineries as Hurricane Ike approaches a major U.S energy production center OPEC statement, OPEC's September 9-10 meeting resolution to comply with the September 2007 production quota (including new members Angola and Ecuador, excluding Indonesia and Iraq), totalling 28.8 million bpd, after the previous OPEC production quota of 29.67 million bpd (including Indonesia's 865,000 bpd) OPEC chairman, Chakib Khelil, said the cut in production quotas meant real crude oil production was 520,000 b/d lower than it was in July oil prices fell on Friday as the International Energy Agency (IEA) reported that it cut its forecast for global oil demand growth in 2008 by 100,000 barrels per day to 690,000 barrels, while its 2009 forecast for demand growth was revised down by 40,000 barrels to 890,000 barrels, due to weaker economic conditions and high prices (name)