29 July, 2014 10:07 IST
News
Oil prices flat on weak demand
Source: IRIS International (19-NOV-12)
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Oil prices swung between slight gains and losses Friday, barely budging despite an escalation in fighting between Israel and militants in Gaza, as demand for energy remains weak and supplies are ample.

Benchmark oil for December delivery was down four cents to USD 85.41 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange.

Brent crude, used to price many kinds of international oil, was up 13 cents to USD 108.14 a barrel on the ICE Futures exchange in London.

In other energy futures trading on Nymex, Heating oil fell 0.3 cents to USD 2.971 per gallon.  Wholesale gasoline fell 0.4 cents to USD 2.658 per gallon.  Natural gas rose 2.3 cents to USD 3.726 per 1,000 cubic feet.




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