Breaking News, World News and Taiwan News.

Oil prices down after Libyan militia makes deal

LONDON--Oil prices fell Monday after reports that a Libyan militia agreed to reopen some oil terminals, possibly boosting global supplies.

Benchmark U.S. crude for May delivery was down 53 cents to US$100.61 a barrel at 0915 GMT in electronic trading on the New York Mercantile Exchange. The contract gained 85 cents to close at US$101.14 on Friday. The price has vacillated around US$100 per barrel for most of the past month.

Brent crude, used to set prices for international varieties of oil, sank 93 cents to US$105.78 a barrel on the ICE exchange in London.

In other energy futures trading in New York:

— Wholesale gasoline fell 1.7 cents to US$2.914 a gallon.

— Natural gas rose 6.1 cents to US$4.50 per 1,000 cubic feet.

— Heating oil shed 1.7 cents to US$2.891 a gallon.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
WSJA
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search