« New Jersey Governor Appointed Group to Study Issues of Teenage Driving | Main | Oil falls on worries over U.S. economy »

Oil above $94, still nervous about U.S. economy

LONDON - Oil prices were steady near $94 on Thursday after a surge of more than $4 in the previous session, which followed central bank action to ease tight credit conditions in the financial system that could hurt global economic growth, according to Reuters News Agency.

U.S. light, sweet crude futures fell nearly $1 a barrel initially, but then recovered to stand 15 cents higher at $94.54 by 8:19 a.m. EST.

Posted by Peter C. T. Elsworth  at 5:40 PM to Crude oil market | 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)