Oil futures on the New York Mercantile Exchange and Brent crude on the Intercontinental Exchange are higher on a contract basis in early trading on Friday, the first day of the third quarter, after Libya s National Oil Corporation expanded a force majeure to two export terminals and an oil field while Norwegian oil workers are set to go on strike July 5th.
Oil futures nearest delivery on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange moved mixed in early trade Wednesday.
WASHINGTON (AP) — An oil industry meeting with Energy Secretary Jennifer Granholm to lower gas prices and boost domestic oil supplies was constructive, but did not produce a major breakthrough,