|
Some analysts expect oil prices will reverse the recent slide from $110 last month as growing crude demand in developing countries tightens global supplies. Goldman Sachs recommended investors buy the U.S. crude September futures contract. "We expect that the overall oil market will continue to tighten in 2012, pushing oil prices substantially higher to restrain demand," Goldman Sachs said in a report. In other energy trading, heating oil was up 0.3 cent at $3.10 per gallon and gasoline futures dropped 0.5 cent to $3.24 per gallon. Natural gas rose 1.1 cents to $2.04 per 1,000 cubic feet.
[Associated
Press;
Copyright 2012 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor