Bloomberg News

Crude Oil Gains for Fourth day in New York; Backwardation Widens

October 26, 2011

Oct. 26 (Bloomberg) -- Crude oil for December delivery rose as much as 35 cents, or 0.4 percent, to $93.50 a barrel in electronic trading on the New York Mercantile Exchange and was at $93.47 at 3:29 p.m. Sydney time. December futures were at a 26-cent premium to January, compared with 24 cents at yesterday’s close.

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


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