On Thursday, Oil price closed in on USD 84 a barrel in Asia as a weak U.S. dollar fueled gains in commodity prices.
On the New York Mercantile Exchange, Benchmark oil for November delivery was upbeat 36 cents to USD 83.59 a barrel at late afternoon Singapore time in electronic trading. On Wednesday, the contract added 41 cents to resolve at USD 83.23.
Heating oil rose 0.81 cent to USD 2.316 a gallon and gasoline gained 0.44 cent to USD 2.160 a gallon. Natural gas was steady at USD 3.87 per 1,000 cubic feet, in other Nymex trading in November contracts.
On the ICE Futures exchange, in London, Brent crude increased 41 cents to USD 85.46 a barrel
Newer news items:
- Oil increases to near USD 83 a barrel
- Massive Gains in CPO, Domestic Oilseeds Likely to Move superior
- MCX Gold to Open On well-built As Pre Non Narm Jump expands
- Crude Oil preserves Gains, MCX Futures Hold more than Rs 3700
- Copper overturns Gains as Profit Booking Creeps In
Older news items:
- GAIL spaces pipeline construction orders worth Rs. 6.77 bn
- Petronet to seek out board nod for power project in Dahej
- Oil rises to near USD 82 a barrel
- Companies hit 225 deals worth USD 13.5 bn in Q2
- Oil falls under USD 81 a barrel
