» Subscribe Today!
The Power of Information
Home
FORMERLY THE WESTVIEW | EST. NASHVILLE 1978
X

Forgot your password?
Skip Navigation LinksHome > Article
VOL. 36 | NO. 46 | Friday, November 16, 2012




Oil rises after Israel-Hamas truce is announced

The Associated Press

Print | Front Page | Email this story

NEW YORK (AP) — The price of oil rose Wednesday afternoon following the announcement of a cease-fire agreement to end a week of fighting between Israel and Hamas militants.

Benchmark oil rose 33 cents to $87.08 a barrel. It climbed as high as $87.89 in the morning. Oil fell nearly 3 percent Tuesday.

The truce was announced by Egypt's foreign minister and confirmed by Israeli Prime Minister Benjamin Netanyahu. The deal is to end a week of fighting that has killed more than 140 Palestinians and five Israelis.

Brent crude, used to price international varieties of oil, rose 40 cents to $110.23 a barrel in London.

Meanwhile, gas pump prices in the U.S. moved higher as Americans began traveling for Thanksgiving. The national average is $3.43 a gallon.

In other energy futures trading in New York:

— Heating oil gained 2 cents to $3.07 a gallon.

— Wholesale gasoline rose 2 cents to $2.73 a gallon.

— Natural gas gained 6 cents to $3.89 per 1,000 cubic feet.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0