Bloomberg News

Crude Oil Extends Gains in New York on Bets Demand to Increase

October 24, 2011

Oct. 25 (Bloomberg) -- Oil rose as much as 0.6 percent in New York, extending yesterday’s 4.4-percent gain. Crude for December delivery climbed as much as 50 cents to $91.77 a barrel in electronic trading on the New York Mercantile Exchange and was at $91.71 at 2:14 p.m. Sydney time. The contract yesterday increased $3.87 to $91.27, the highest close since Aug. 3.

To contact the editor responsible for this story: Paul Gordon at pgordon6@bloomberg.net


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