Sunday, July 13, 2014





Crude oil prices extend rise on South Sudan worry


December 27. 2013 5:35AM
Associated Press

Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) Oil prices rose further above $99 on Friday as violence in South Sudan stoked concerns about the African nation's oil production.


Benchmark U.S. oil for February delivery gained 27 cents to $99.82 in electronic trading on the New York Mercantile Exchange.


Oil prices gained nearly 3 percent last week as optimism about the U.S. economic recovery lifted expectations for the country's energy demand.


Worries over instability in South Sudan have led some analysts to predict the contract may top $100 a barrel for the first time since mid-October. On Tuesday, the U.N. Security Council voted to increase U.N. peacekeeping forces in South Sudan by nearly 80 percent.


Brent crude, a benchmark for international oils, was off 20 cents at $111.78 per barrel in London.


In other energy futures trading on Nymex:


Wholesale gasoline shed 1 cent to $2.81 a gallon.


Heating oil was down 1 cent at $3.08 per gallon.


Natural gas added 1 cent to $4.42 per 1,000 cubic feet.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds