The price of oil extended gains Tuesday after Asian stock markets trimmed losses following a big sell-off. Benchmark oil for August delivery was up 42 cents to $95.60 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract jumped $1.49 to close […]
Tag: Oil
Oil rises near $96 with US supplies up slightly
The price of oil held onto small gains Wednesday after the government reported a slight increase in U.S. crude supplies. By afternoon in New York, benchmark crude for June delivery was up 36 cents to $95.98 a barrel. The contract fell 54 cents to finish at $95.62 per barrel on […]
Oil rises toward $96 as China trade improves
Oil prices rose Wednesday after an upswing in China’s trade for April restored hopes that the world’s second-largest economy was strengthening. Benchmark crude for June delivery was up 10 cents to $95.72 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell […]
