Tuesday, 15 October 2013

INQUIRER.net: Oil prices mixed as threat of US debt default looms

INQUIRER.net
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Oil prices mixed as threat of US debt default looms
Oct 16th 2013, 05:31

SINGAPORE – Oil prices were mixed in Asian trade Wednesday with dealers nervously monitoring the crippling budget impasse in Washington as the deadline for raising the debt ceiling approaches.   New York's main contract, West Texas Intermediate (WTI) for delivery in November, was up 16 cents at $101.37 a barrel in mid-morning trade, while Brent North Sea crude for November eased one cent to $109.95 a barrel.   With just over a day before the US government begins to run short of money to pay its bills, there was no clear sign of a deal in Washington late Tuesday to reopen the federal government and raise the country's borrowing limit.   If Congress f...

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