« Old-time cruisin' revs up a revival | Main | Chrysler cuts minivan prices by thousands »

Oil Prices Inch Up After Energy Report

Oil prices rose slightly with prices gaining support from an International Energy Agency report saying global energy consumption would increase next year, according to the Associated Press.

The agency also predicted mixed global refinery performance for the rest of the summer.

Light, sweet crude for August delivery advanced 9 cents to $72.59 a barrel in electronic trading on the New York Mercantile Exchange by midday in Europe. The contract settled Thursday at $72.50 a barrel, down 6 cents after dropping sharply from highs hit early in the session

Posted by   at 11:10 AM to Oil | Permalink

Comments

Post a comment

Please be civil. Vicious comments, personal attacks and profanity won't be published.

Name:

Email Address:

URL:
Remember Me? YesNo

Comments: (you may use HTML tags for style)