(Bloomberg) -- Crude oil was little changed in New
York and rose in London to a nine-month high, boosted by threats
to supply from Nigeria and Iran.
A government report yesterday showed that supplies in
Cushing, Oklahoma, the delivery point for New York futures,
jumped last week, adding to a glut that is depressing prices.
Refinery fires and power outages have cut demand for the U.S.
benchmark grade. London-traded Brent crude, traditionally
cheaper, now costs 8.5 percent more than New York oil.
Read more at Bloomberg Energy News
York and rose in London to a nine-month high, boosted by threats
to supply from Nigeria and Iran.
A government report yesterday showed that supplies in
Cushing, Oklahoma, the delivery point for New York futures,
jumped last week, adding to a glut that is depressing prices.
Refinery fires and power outages have cut demand for the U.S.
benchmark grade. London-traded Brent crude, traditionally
cheaper, now costs 8.5 percent more than New York oil.
Read more at Bloomberg Energy News
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