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Oil rises above US$117
SINGAPORE Published in Saudi Press Agency on 27 - 08 - 2008


Oil prices rose to above US$117 a barrel
in Asia Wednesday, the Associated Press reported.
Light, sweet crude for October delivery was up 90 cents at
US$117.17 a barrel in electronic trading on the New York
Mercantile Exchange by midafternoon in Singapore. The
contract rose US$1.16 overnight to settle at US$116.27 a
barrel.
In other Nymex trading, heating oil futures rose 2.01
cents to US$3.23 a gallon, while gasoline prices gained
1.98 cent to US$2.989 a gallon. Natural gas futures
increased 25.2 cents to US$8.53 per 1,000 cubic feet.
In London, October Brent crude rose 66 cents to US$115.29
a barrel.

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