Oil approaches $93 after US manufacturing improves
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Bangkok (AP) -- oil prices close to $93 a barrel on Tuesday, according to a report in Asia after the United States manufacturing growth in September for the first time in four months.
November delivery benchmark crude added 21 cents, to $92.69 a barrel Bangkok time in the evening, on the New York mercantile exchange in electronic trading.
The contract finished up 29 cents, in New York after the $92.48, Monday, according to a report in the American manufacturing industry growth in September for the first time in four months.
Some analysts said, the price of oil elevator federal reserve bank announced on September 13, third round to buy bonds began to abate.
On the contrary, key may be "return of the deterioration, the potential economic and financial situation, in the first time to make the necessary additional stimulus," Capital economy (Capital Economics) analysts in an email comment said.
Last month, the federal reserve announced a new round of buying bonds, known as the quantitative easing policy, and says it will consider on the U.S. economy provide extra support, until the Labour market is a major improvement.
In the United States employment picture to glance on Friday, the United States department of labor employment data published in September.
, this is the international oil varieties of price, brent crude was down 22 cents at $111.97 London ICE futures exchange.
Other energy futures trading:
- gas up 5.1 cents at $3.531 per 1000 cubic feet.
- heating the oil down 0.3 cents, to $3.139 a gallon.
- wholesale gasoline down 0.1 cents, to $2.911 a gallon.