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Oil rises ahead of US consumer confidence survey

4:19 AM, Sep 25, 2012   |    comments
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BANGKOK (AP) - Expectations of improved consumer confidence in the U.S. helped boost oil prices on Tuesday.

Benchmark oil for November delivery was up 20 cents to $92.13 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange.

The contract fell 96 cents to finish at $91.93 per barrel on the Nymex on Monday. Worries about weaker economic growth dragged down prices because slower economies mean less demand for oil.

Brent crude rose 14 cents to $109.95 per barrel on the ICE Futures exchange in London.

 

 

 

 

 

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