Oil price rises above $97 as U.S. supplies shrink...www.dailystar.com.lb

Oil price rises above $97 as U.S. supplies shrink

November 10, 2011 01:06 AM

NEW YORK: Oil prices climbed above $97 per barrel Wednesday on signs that the U.S. is consuming more fuel.

Benchmark crude rose 40 cents to $97.20 per barrel in New York, while Brent crude fell 66 cents to $114.34 per barrel in London.

The government said Wednesday that diesel demand is sharply higher compared to a year ago. However U.S. consumption of other petroleum products – especially gasoline – is still weak.

Read more: http://www.dailystar.com.lb/Business/International/2011/Nov-10/153548-oil-price-rises-above-$97-as-us-supplies-shrink.ashx#ixzz1dG8wQpmu
(The Daily Star :: Lebanon News :: http://www.dailystar.com.lb)

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