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Oil little changed near $92 a barrel

🕐 1 min read

 

BANGKOK (AP) — Oil was little changed near $92 a barrel Friday as holidays in the U.S. thinned trading.

Benchmark U.S. crude for January delivery was up 2 cents at $92.32 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile. Crude’s last settlement was Wednesday as open outcry trading on the Nymex was closed for Thanksgiving.

Oil has declined from about $110 in September due to reduced tensions in the oil-rich Middle East but above all to muted demand and high supplies.

Brent crude, a benchmark for international oils, was down 6 cents at $110.80 a barrel on the ICE exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline was steady at $2.694 a gallon.

— Heating oil shed 0.6 cent to $3.037 a gallon.

— Natural gas added 3.7 cents to $3.932 per 1,000 cubic feet.

 

Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

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