Arab Today, arab today oil prices start year with rise on demand hopes
Last Updated : GMT 14:21:14
Arab Today, arab today
Arab Today, arab today

Oil prices start year with rise on demand hopes

Arab Today, arab today

Arab Today, arab today Oil prices start year with rise on demand hopes

Washington - SPA

Oil prices started the New Year Thursday with a gain amid hopes for stronger demand following a 7 percent surge in 2013. Benchmark oil added 28 cents to $98.70 on the New York Mercantile Exchange. Hopes for the solid demand in coming months are pegged to the signs of a recovery in the U.S., which is expected to help revive other major global economies. Brent crude, a benchmark used to price international crudes used by many U.S. refiners, added 28 cents to $111.08. In other energy futures trading: — Natural gas futures were little changed at $4.24 per thousand cubic feet. — Heating oil was also little changed at $3.07 a gallon. — Wholesale gasoline was unchanged at $2.79 a gallon.

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