|
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
. | ![]() |
. |
|
![]() |
![]() by Daniel J. Graeber New York (UPI) Oct 24, 2014
Brent crude oil prices for December delivery were unable to maintain momentum Friday, with the international benchmark falling off around $1 per barrel. Brent crude oil prices rallied Thursday nearly 3 percent on word producer Saudi Arabia was trimming output. The price for December delivery in early Friday trading was down around $1 per barrel from the previous session's high of $86.75. Contracts beyond December show Brent prices moving closer to the $90 per barrel mark. Prices had contracted in response to supply and demand dynamics. Brent prices rallied in recent trading on word China was experiencing quality growth. Most major Asian stock indices reported down days Friday, though only modestly with the Shanghai Composite off 0.01 percent. West Texas Intermediate continued its trend toward $80 per barrel in early Friday trading, down more than $1 per barrel to trade at $80.89 for the December contract. WTI had followed the Brent rally Thursday, though the U.S. benchmark price had been in decline because of increased production in the United States. U.S. stock futures all showed gains for Friday trading, with the Dow Jones Industrial Average trending into positive territory at the opening bell.
Related Links All About Oil and Gas News at OilGasDaily.com
|
![]() |
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service. |