25 Oct '11, 8pm

New York oil price hits 2-month high

New York oil price hits 2-month high

NEW YORK: New York oil prices hit a two-month high Tuesday, while Brent crude slipped, as investors bet on a European debt solution and a pick-up in US petroleum demand. New York's main contract, West Texas Intermediate (WTI) light sweet crude for December delivery, gained $1.90 to close at $93.17 a barrel, its highest peak since August 2. In London, Brent North Sea crude for December fell 34 cents to settle at $110.92. The New York oil rally contrasted with an equities sell-off on Wall Street and in Europe on concerns that eurozone leaders would not be able to contain the contagion from sovereign debt crises in Greece, Portugal and Ireland. Summit Energy commodity analyst Matt Smith said the oil market was "definitely betting" on a positive solution emerging from the European Union summit Wednesday. EU leaders struggled to finalize a grand deal to end its festering debt c...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

Tweets

Google Lobbying Spend Hits New High

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events.insing.com 31 Oct '11, 2am

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gas2.org 25 Oct '11, 11pm

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green.blogs.nytimes.com 24 Oct '11, 2pm

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new york fashion week photo diary

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fashiontoast.com 31 Oct '11, 3pm

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channelnewsasia.com 28 Oct '11, 8pm

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Green Blog: New York, Recycling Reprobate, Aims...

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Hits & Misses: Herro! I have a new video!! This video actually took me a week to edit because…

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grist.org 27 Oct '11, 9pm

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Feelgood Quickie: Organic Beauty Deal of the Month

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New Wave in Oil Cleanup Technology Spurred by C...

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