Oil prices rise after year's biggest drop

By The Associated Press Published: November 9, 2012
Advertisement
;

Oil prices rose above $85 per barrel on Thursday as postelection volatility continued.

Crude oil rose 65 cents to close at $85.09 on the New York Mercantile Exchange. That followed a decline of 5 percent on Wednesday, when traders were spooked by worries about budget negotiations in the U.S. Analysts also say that oil supplies and production are high, which tends to drive down prices.

Oil analyst Jim...

Oklahoman subscribers have access to this article. Unlock it below.

What is this? Learn more.
NewsOK.com has disabled the comments for this article.

Trending Now


AROUND THE WEB

  1. 1
    CDC: U.S. has first confirmed case of Ebola in Dallas
  2. 2
    Netflix to shake up movies with 'Crouching Tiger 2'
  3. 3
    Donald Trump Tricked Into Retweeting Serial Killer Pic
  4. 4
    'Transparent' on Amazon Prime, reviewed: It’s the fall’s best new show.
  5. 5
    Brits Unwittingly Give Up Firstborns for Free WiFi
+ show more