Oil Rises From Two-Week Low
Oil rose from its lowest level in two weeks Sept. 11, on speculation that a U.S. attack on Syria may threaten Middle Eastern oil exports even after President Obama decided to delay military strikes, Bloomberg News reported.
Oil rose 44 cents to $111.69 a barrel on the London-based ICE Futures Europe exchange after dropping 1.9% to $107.39 Sept. 10 the lowest close since Sept. 4.
The Department of Energy said Sept. 10, diesel fuel will average $3.96 a gallon this year, below its current pump price.
Diesel held at $3.981 a gallon this week, matching last week’s five-month high. Gasoline slipped 2.1 cents to $3.587.
The flat diesel reading followed a cumulative gain of 8.5 cents in three straight increases, including last week’s 6.8-cent jump.
