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#1
06-23-2012, 03:18 AM
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Oil prices creep higher as Gulf storm builds
Oil prices creep higher as Gulf storm builds
06-23-2012 02:14 AM  NEW YORK (Reuters) - Brent oil futures closed about 2 percent higher near $91 a barrel on Friday as it rebounded on bargain hunting after prices earlier fell to an 18-month low and U.S. crude futures rose in reaction to a potential storm in the Gulf of Mexico that could disrupt production. An action by the European Central Bank to ease collateral requirements -- a move designed with Spain's woes in mind, caused the euro to rally against the U.S. dollar, supporting crude oil futures. ...More... 
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