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Oil heads toward $108 as US economy brightens
BANGKOK Published in Saudi Press Agency on 05 - 09 - 2013

Oil prices rose Thursday after new U.S. indicators underlined a modest recovery in the world's biggest economy, AP reported.
Benchmark oil for October delivery was up 28 cents to $107.51 at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell Wednesday by $1.31, or 1.2 percent, to close at $107.23 a barrel on the Nymex.
Brent, the benchmark for international crudes, rose 17 cents to $115.08 a barrel on the ICE Futures exchange in London. Prices of Brent have risen sharply due to fears the U.S. could intervene militarily in Syria's civil conflict.

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