Friday, 10 August 2012

Oil settles above USD 93 a barrel

Oil prices rose above USD 93 a barrel Thursday in international markets

Benchmark oil rose 1 cent to USD 93.36 a barrel in New York. Brent crude oil which is used to price

international varieties of oil, gained USD 1.08 to USD 113.22 a barrel in London.
Natural gas prices rose after a government report showed a smaller than expected increase in U.S. inventories.

Futures rose 1.2 cents to USD 2.945 per 1,000 cubic feet, although they had gained more than 10 cents earlier.

Heating oil increased 2.91 cents to USD 3.045 per gallon Gasoline gained 2 cents to USD 3.00 per gallon.


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