Thursday, November 01, 2012

Improved US economic growth in Q3, concerns over Hurricane Sandy prop oil prices

New York's main contract, light sweet crude for December rose to US$86.2 while Brent North Sea crude for delivery in December gained over a dollar at US$109.5 a barrel in London trade. Oil prices havee closed higher, on better-than-expected US economic growth in Q3 and worries about Hurricane Sandy churning toward the heavily populated US east coast.




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