Oil near $96 after BOJ eases monetary policy


by Laura Matovina

BANGKOK (AP) -- Oil rose to nearly $96 a barrel after two days of declines as Japan's central bank joined the U.S. Federal Reserve in easing monetary policy.

Benchmark oil for October delivery was up 63 cents to $95.92 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell $1.33 to close at $95.29 on the Nymex on Tuesday.

Brent crude added 46 cents to $112.49 on the ICE Futures exchange in London.

Traders are also keeping their eyes on oil supplies as U.S. Gulf Coast refineries return to production after shutting down due to Hurricane Isaac.


Should employers be able to ask applicants for social media log in information?

  • Yes
  • No