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Commodities Briefing - Categorized | Oil, Price Watch more

Oil rises on economic reports

Posted on 02 September 2011

Oil prices rose on Thursday on positive U.S. economic reports on manufacturing and factory orders. Benchmark oil for October delivery rose 95 cents to $89.76 per barrel in early afternoon trading on the New York Mercantile Exchange.

In London, Brent crude increased 7 cents at $114.92 a barrel on the ICE Futures exchange. The dollar rose after reports on jobs and retail sales suggested that the U.S. economy is still growing……………………………………….Full Article: Source


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