Thursday, July 10, 2014





Oil becalmed near $102 as US debt deal awaited


October 15. 2013 5:36AM
Associated Press

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


(AP) Oil was becalmed near $102 a barrel Tuesday as U.S. lawmakers tried to hammer out an agreement to raise the government's borrowing limit and avoid a possible default.


Benchmark crude for November delivery was down 4 cents to $102.37 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract gained 39 cents to close at $102.41 on Monday.


The oil price has swung back and forth for days as lawmakers attempt to resolve an impasse that has left the government partially closed and the markets worried about the U.S. defaulting on its debt for the first time. The U.S. has to increase the amount of debt it can sell by Oct. 17


Brent crude, the benchmark used to set prices for international crudes used by many U.S. refineries, was down 22 cents at $110.02 on the ICE futures exchange in London.


In other energy futures trading on Nymex:


Wholesale gasoline was steady at $2.649 a gallon.


Natural gas rose 2.2 cents to $3.842 per 1,000 cubic feet.


Heating oil added 0.2 cent to $3.033 a gallon.


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