Oil Prices Waver Near $92
NEW YORK (AP) — Mixed signals from the world’s largest economies kept the price of crude flat Thursday.
U.S. benchmark oil fell 12 cents to $92 a barrel in afternoon trading Thursday. It had been down more than $1 in the morning. Brent crude, which many U.S. refiners use to make gasoline, fell 67 cents to $112.55 in London.
An increase in new home construction reported Wednesday suggested the U.S. economy was improving and would need more gasoline, diesel and jet fuel in coming months.
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