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Dołączył: 27 Lip 2010
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 Wysłany: Pon 3:54, 04 Paź 2010 Temat postu: Crude prices advance on demand hope |
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Crude prices advanced on Friday after mixed economic data stirred investors expectation on growing energy demand.
In the United States, construction spending rose by a moderate margin in August, put brakes to a decline for three straight months,Tiffany, mainly boosted by public construction projects, the Commerce Department reported Friday.
U.S. manufacturing growth slowed last month and inflation remained subdued in August while consumer spending, which accounts for about 70 percent of U.S. economic activity, increased 0.4 percent after rising by the same margin in July.
Meanwhile,Wedding dresses, a survey showed Chinese manufacturing growth picked up its pace last month, which was an indication that its economic recovery was on track.
On Friday, the U.S. dollar hit a six-month low against the euro, which also boosted oil prices.
Light, sweet oil for November delivery was up 1.61 U.S. dollars to settle at 81.58 dollars a barrel on the New York Mercantile Exchange.
In London, Brent crude rose 1.64 dollars to 83.75 dollars a barrel on the ICE Futures exchange.
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