Signs of anemic growth pushes oil down to $114 a barrel
VIENNA, Austria, Aug 15 - Signs of anemic growth for the world’s largest economies and a strengthening dollar drove oil prices below US$114 a barrel Friday. Light, sweet crude for September delivery fell US$1.94 to US$113.07 a barrel in electronic trading on the New York Mercantile Exchange by noon in Europe. The contract fell 99 cents overnight to settle at US$115.01 a barrel. On the European market, Brent crude also has been lower recently. On Friday, it was fetching US$111.93 a barrel down US$1.75 on the ICE futures market. In other Nymex trading, heating oil futures fell nearly 3 cents to US$3.07206 a gallon (3.8 liters) while gasoline prices slipped by close to 5 cents US$2.87645 a gallon. Natural gas futures were basically flat at US$8.150 per 1,000 cubic feet.
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