Oil prices rise ahead of Fed chief speech

Oil   Oil
By The Associated Press on August 31, 2012

BANGKOK (AP) — Oil prices rose Friday as traders looked to a speech by Federal Reserve chief Ben Bernanke that might signal more help for the struggling U.S. economic recovery.

Benchmark crude for October delivery rose 2 cents in midday Bangkok time to $94.64 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell 87 cents to finish at $94.62 on the Nymex on Thursday.

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