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- Oil rose
Oil rose
West
Futures
rose as much as 1 percent as China’s gross domestic product expanded 7.8
percent in the July-through-September period from a year earlier, halting a
two-quarter slowdown. Federal Reserve Bank of Chicago President Charles Evans
said yesterday that the
WTI crude
for November delivery increased 43 cents, or 0.4 percent, to $101.10 a barrel
at 11:16 a.m. on the New York Mercantile Exchange. The contract fell 1.6
percent to $100.67 yesterday, the lowest close since July 2. Prices are down
0.9 percent this week. The volume of all futures traded was 12 percent below
the 100-day average.
Brent for
December settlement advanced 60 cents, or 0.6 percent, to $109.71 a barrel on
the London-based ICE Futures Europe exchange. Volume was 29 percent lower than
the 100-day average. The European benchmark crude traded at a $8.34 premium to
WTI for the same month.
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