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Monday, October 10, 2011
Crude ends marginally higher
Prices rise following better than expected job data
Crude prices ended marginally higher at Nymex on Friday, 07 October 011. A better than expected job data helped prices end higher even though sovereign downgrades of Italy and Spain by Fitch rating weighed on the same earlier during the day.
Light and sweet crude for November delivery rose $0.39 (0.5%) to $82.98 a barrel on the New York Mercantile Exchange on Friday. Prices closed 4.8% higher for the week. For the month of September, oil futures lost 11%, and for the quarter, crude incurred losses of 17%. It was the worst quarterly performance for crude in almost two years.
Sunday, October 09, 2011
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