logo-loader

Crude rises on North Sea and Libya issues

Published: 07:20 13 Aug 2013 AEST

no_picture_pai

West Texas Intermediate crude rose following North Sea production disruption and Libya shutting its biggest oil export terminal.

WTI crude oil for September delivery tacked on 0.1 to end at $106.11 a barrel in floor trade at the New York Mercantile Exchange. Brent crude gave back less than 0.1 percent to $108.95 a barrel.

In Libya, a strike by security guards reimposed a shutdown on two of the North African country's biggest crude export terminals on Monday, Reuters reported.

Japan, the world’s third-largest oil consumer, reported annualized gross domestic product expanded 2.6 percent in the second quarter. That was well below expectations of 3.6 percent growth in a Dow Jones Newswires survey of analysts.


Other energy markets

Elsewhere in energy, September gasoline skidded less than half a cent to $2.90 a gallon, and September heating oil lost three cents to $2.99 a gallon.

Natural gas for September delivery rose 2.3 percent to $3.30 per million British thermal units.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

9 hours, 46 minutes ago