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- Oil rose for a second day
Oil rose for a second day
West Texas
Intermediate crude rose for a second day on signs of accelerating economic
growth in Europe and unrest in the
Futures
climbed as much as 1.3 percent. Euro-area consumer confidence increased more
than economists estimated in August, the European Commission in
WTI crude
for October delivery climbed 95 cents, or 0.9 percent, to $105.98 a barrel at
10:40 a.m. on the New York Mercantile Exchange. Prices are down 1.4 percent
this week. The volume of all futures traded was about 37 percent below the
100-day average.
Brent oil
for October settlement advanced $1.04, or 0.9 percent, to $110.94 a barrel on
the London-based ICE Futures Europe exchange. Trading of futures was 2.4
percent below the 100-day average. The European benchmark crude traded at a
premium of $4.96 to WTI, compared with $4.87 at yesterday’s close.
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