Watch live:

Oil steady on Wall Street gains, hope for Spain

Associated Press

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.

Wall Street stocks posted gains Tuesday after blue chip companies including toy maker Mattel and Goldman Sachs posted stronger-than-expected earnings for the third quarter. The enthusiasm carried over to most Asian markets Wednesday.

Analysts also said the new found enthusiasm for stocks also stemmed from hopes Spain may bow to pressure to accept international aid to help it wade through a tangle of recession, high unemployment and debt.

Spain has been reluctant to ask for help, opting instead to try to fix its problems by instituting economic reforms and slashing government spending.

In other energy futures trading on the Nymex:

— Heating oil fell 1.3 cents to $3.186 a gallon.

— Natural gas dropped 0.1 cent to $3.436 per 1,000 cubic feet.

— Wholesale gasoline dropped 0.1 cent to $2.801 a gallon.

View Comments (0)

Recommended for You

  • Photo of Chicago police officers posing over black man as hunted animal released: newspaper

    (Reuters) - A photo of two white Chicago police officers holding rifles and posing over a black man wearing antlers like an animal killed on a hunt was released by an Illinois court, the Chicago Tribune reported on Wednesday. The news comes amid a national outcry against police treatment of…

    Reuters
  • Twice-caught fugitive's clean life led to decades of freedom

    COLUMBUS, Ohio (AP) — In 55 years as a fugitive, Frank Freshwaters got caught twice.

    Associated Press35 mins ago
  • Racist trolling casts pall over US spelling bee

    Racist trolling on social media is casting an ugly pall over, of all things, the world's foremost spelling bee. For seven years in a row, and for 11 of the past 15 years, the $30,000 Scripps National Spelling Bee championship has been won by American youngsters of Indian heritage. One of them,…

    AFP
  • California man drowns swimming across pond with rock: newspaper

    A man drowned on his 21st birthday after attempting to swim across a pond in northern California while carrying a 10-pound (4.5 kg) rock, the Los Angeles Times reported on Wednesday. The California Highway Patrol told the newspaper that Austin Harr was with friends at a pond in the Oroville…

    Reuters
  • “If you are single and over 45, this is addicting”

    No games. Just real women looking for a faithful guy. Click to see pics of local women.

    SeniorPeopleMeetSponsored
  • US threatening 'chaos' in Asia-Pacific: China

    China accused the United States on Thursday of threatening to sow "chaos" in the Asia-Pacific region by inciting countries whose territorial claims in the South China Sea clash with those of Beijing. China is rapidly building artificial islands in the disputed waters, and US Defense Secretary…

    AFP
  • Putin classifies information on deaths of Russian troops on special missions

    President Vladimir Putin on Thursday declared all deaths of Russian soldiers during special operations to be classified as a state secret, a move that comes as Moscow stands accused of sending soldiers to fight in eastern Ukraine. Putin, who has repeatedly denied any involvement of Russian troops…

    Reuters
  • No exit: For female jihadis, Syria is one-way journey

    PARIS (AP) — When three British schoolgirls trundled across the Syrian border; when a pregnant 14-year-old ran away from her Alpine home for the second time; when a sheltered girl from the south of France booked her first trip abroad — they were going to a place of no return.

    Associated Press
  • The Statin Dilemma: a Primer for Patients

    Statins have redefined the treatment of heart disease. Statins work by halting or reducing the buildup of fatty plaque inside blood vessels, a condition known as atherosclerosis, chiefly fueled by abnormally high cholesterol and the leading cause of heart attacks and strokes. A true game changer in…

    U.S.News & World Report
  • Wounded woman testifies in Nevada about trespass killing

    RENO, Nev. (AP) — A female trespasser who survived a shooting in a vacant Nevada duplex testified Wednesday that the property owner entered the unit and opened fire without provocation, wounding her three times and killing a man on the floor next to her.

    Associated Press
  • Play

    Argument Over Last Rib at Barbecue Leads to Stabbing

    One woman was hospitalized and another arrested after a fight over the last rib at a backyard barbecue in Indiana turned violent.

    Tribune
  • A closer look at those killed in Texas, Oklahoma weather

    At least 21 people have died in flooding and tornadoes in Oklahoma and Texas since the start of the Memorial Day weekend. A look at the lives of some of the victims:

    Associated Press
  • Kansas man missing for 23 years found submerged in car

    By Kevin Murphy KANSAS CITY, Kan. (Reuters) - The body of a man missing since 1992 has been recovered from the driver's seat of a car submerged in a Kansas lake, authorities said on Tuesday. Fremont O'Berg, who was 57 when he disappeared, was found alone in his 1981 Chevrolet Citation automobile in…

    Reuters
  • Six reasons so many Republicans are running for president

    When all the announcements are in, the Republican presidential field could have close to 20 candidates – and that’s not counting the fringe. It’s shaping up to be the largest GOP field in modern history. The Republicans have a habit of nominating the “next in line” – that is, someone who ran before…

    Christian Science Monitor
  • Baltimore residents fearful amid rash of homicides

    BALTIMORE (AP) — Antoinette Perrine has barricaded her front door since her brother was killed three weeks ago on a basketball court near her home in the Harlem Park neighborhood of West Baltimore. She already has iron bars outside her windows and added metal slabs on the inside to deflect the…

    Associated Press
  • To see why Amtrak's losses mount, hop on the Empire Builder train

    By Ernest Scheyder ABOARD THE EMPIRE BUILDER (Reuters) - Its passengers are mostly silver-haired retirees, oil-field workers and a few young families gazing out the windows of Amtrak's least-profitable and third-longest line, rumbling from Chicago through eight states and on to the American West…

    Reuters
  • Putin condemns US over FIFA probe

    Russia switched the focus of its tensions with America from Ukraine to the football pitch Thursday with President Vladimir Putin lashing out over the US probe into FIFA. The Kremlin strongman condemned the arrest of seven top FIFA officials, accusing Washington of trying to oust football boss Sepp…

    AFP
  • These are the States That Have 'Stand Your Ground' Laws

    The story begins in February, when Cody Devine, 34, and Janai Wilson, 29, apparently went, without permission, to a vacant rental property near Reno, Nevada, owned by Wayne Burgarello. The case is an important reminder about the debate over Stand Your Ground laws. Thirty-three states have adopted…

    Takepart.com