By Moming Zhou -
Jun 17, 2013 10:04 AM GMT-0430
West Texas Intermediate crude
fluctuated near a nine-month high as an index showed New York-area manufacturers felt the most optimistic since March and on
speculation the Federal Reserve may taper its stimulus program.
WTI for July delivery slipped 5 cents to $97.80 a barrel at 10:30 a.m. on the New York Mercantile Exchange after rising to $98.74, the highest intraday level since Sept. 17. The volume of all futures traded was 1.1 percent above the 100-day average. Prices climbed for a second week in the five days ended June 14.
Brent for August settlement gained 9 cents to $106.02 a barrel on the London-based ICE Futures Europe exchange after advancing to $106.67, the most since April 4. Volume was 37 percent below the 100-day average for the time of day.
To contact the reporter on this story: Moming Zhou in New York at mzhou29@bloomberg.net
To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net
WTI for July delivery slipped 5 cents to $97.80 a barrel at 10:30 a.m. on the New York Mercantile Exchange after rising to $98.74, the highest intraday level since Sept. 17. The volume of all futures traded was 1.1 percent above the 100-day average. Prices climbed for a second week in the five days ended June 14.
Brent for August settlement gained 9 cents to $106.02 a barrel on the London-based ICE Futures Europe exchange after advancing to $106.67, the most since April 4. Volume was 37 percent below the 100-day average for the time of day.
To contact the reporter on this story: Moming Zhou in New York at mzhou29@bloomberg.net
To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net
