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Oil is expensive - September 19, 2008

September 19 2008

Oil prices on world markets on Thursday rose on a background of optimism at the expense of ongoing attempts to resolve the financial crisis, but also because of falling fuel stocks in the U.S. caused by hurricanes Gustav and Ike, according to RIA Novosti.

Price October futures for North Sea petroleum mix of mark Brent Crude Oil at London exchange ISE (InterContinental Exchange Futures) following trades rose by 0.35 dollars - up to 95.19 dollars per barrel.

On the New York Stock Exchange NYMEX (New York Merchantile Exchange) cost of the October futures for U.S. light crude oil Light Sweet Crude Oil rose by 0.72 dollars - up to 97.88 dollars per barrel.

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