Wed, Oct 22, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Oil, Price Watch more

Oil price again flirting with $100 per barrel

Posted on 16 November 2011

Oil prices climbed to near $100 per barrel Tuesday on encouraging news about the U.S. economy. Benchmark crude rose $1.23 to end the day at $99.37 per barrel in New York. The benchmark price hasn’t been that high since July 26. Brent crude, which is used to price many foreign oil varieties, climbed 50 cents to finish at $112.39 per barrel in London.

Prices jumped after the Commerce Department said that retail sales rose in October for the fifth straight month. Consumer spending increased for electronics, appliances, hardware and building supplies. Sales also rose at grocery stores, bars and restaurants and health care stores……………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37583 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031