» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 36 | NO. 29 | Friday, July 20, 2012




Oil prices steady on stronger Chinese factory data

Print | Front Page | Email this story

NEW YORK (AP) — The price of oil is up slightly as China's manufacturing sector appeared to be getting stronger.

China's factories had been slowing this year, likely weakening energy demand within the world's No. 2 oil consumer. Fears of an extended slowdown in China, combined with Europe's ongoing debt crisis, pushed oil prices lower over the past few trading days.

Yet a survey of Chinese manufacturers by HSBC suggests that factory activity has rebounded to its highest level in nine months.

Benchmark U.S. crude added 48 cents to $88.62 per barrel in New York while Brent crude added 38 cents to $103.64 per barrel in London.

At the pump, retail U.S. gasoline prices added nearly a penny to $3.477 per gallon.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
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