Printer Friendly

Oil Surges Past $112 a Barrel.

WASHINGTON, Shawwal 21, 1434, Aug 28, 2013, SPA -- The price of oil rose surged past $112 a barrel Wednesday.

U.S. benchmark oil for October delivery rose $3.02, or 2.8 percent, to $112.03 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. Oil prices jumped $3.09 to close at $109.01 a barrel on the Nymex on Tuesday.

The last time oil closed above $112 a barrel was on May 2, 2011. Still, oil remains far below its record close of $145.29 a barrel, reached on July 3, 2008.

--SPA 11:06 LOCAL TIME 08:06 GMT

All Rights Reversed for Saudi Press Agency

Provided by an company
COPYRIGHT 2013 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2013 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Saudi Press Agency (SPA)
Date:Aug 29, 2013
Previous Article:U.S. Pending Home Sales Solid Despite Monthly Drop.
Next Article:Reports on an imminent quake in Jeddah are false, officials say.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters