Oil steady following Wall Street gains, hope for Spain

Oil   Oil
PAMELA SAMPSON, AP Business Writer on October 17, 2012

BANGKOK (AP) — A positive day for stock markets and hopes that Spain might be on the verge of requesting a bailout to fix its debt crisis kept oil prices steady Wednesday.

Benchmark oil for November delivery was unchanged at $92.09 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract closed 24 cents higher in New York at $92.09 a barrel on Tuesday.

Brent crude, which is used to price international varieties of oil, was down 22 cents to $113.78 a barrel in London.

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oil prices
Goldman Sachs
Brent crude
Spain
Wall Street
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