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Reply #3: Oil above $94 amid signs of US economy improving [View All]

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Pale Blue Dot

(1000+ posts) Send PM | Profile | Ignore

Fri Nov-04-11 06:11 AM
Response to Original message

3. Oil above $94 amid signs of US economy improving

SINGAPORE – Oil prices hovered above $94 a barrel Friday in Asia amid signs the U.S. economy may be improving.

Benchmark crude for December delivery was up 22 cents at $94.29 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $1.56 to settle at $94.07 in New York on Thursday.

Brent crude was up 10 cents at $110.93 a barrel on the ICE Futures Exchange in London.

Crude has jumped about 25 percent from $75 on Oct. 4 amid growing investor optimism that the U.S. economy will avoid a recession.

http://old.news.yahoo.com/s/ap/oil_prices

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