News Videos
International Edition


September 19, 2017

Breaking News, World News and Taiwan News.
About Us
Contact Us

Oil prices march upward for 2nd straight day

BANGKOK--Hopes that the global economy might see some improvement after Spain announced far-reaching steps to fix its ailing economy helped keep oil prices on the upswing for a second day.

Benchmark oil for November delivery was up 61 cents to US$92.46 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose US$1.87 to finish at US$91.85 per barrel on the Nymex on Thursday.

Brent crude gained US$1.28 to US$113.29 on the ICE Futures Exchange in London.

After three straight days of declines, oil posted gains in Asia on Thursday.

, helped by expectations the People's Bank of China will soon take more steps to stimulate the world's No. 2 economy. Spain later announced severe budget cuts intended to convince the world that it can meet deficit-reduction targets.

Still, oil analyst Stephen Schork said he expects "high volatility" as oil contracts for October expire.

Advertise  |   RSS Feed  |   About Us  |   Contact Us
Home  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |  
Arts & Leisure  |   Health  |   Editorial  |   Commentary Travel  |   Movies  |   Guide Post  |   Terms of Use  |  
  chinapost search