Oil Remains Steady on Release of US Data

Bloomberg reported that oil prices stayed about the same despite an increase in United States crude supplies and the release of data indicating that housing starts in the US hit their highest level in four years.

As quoted in the market news:

 Crude oil for November delivery rose for a second day to settle at $92.12 a barrel on the New York Mercantile Exchange. Futures have gained 6.7 percent in the past year.

Brent for December settlement fell 78 cents, or 0.7 percent, to end the session at $113.22 a barrel on the London- based ICE Futures Europe. November futures expired yesterday.

Click here to read the full Bloomberg report.