US vehicle sale figures rise: oil gains

Oil on the Nymex for October delivery inched up to US$95.3 in Asia, while Brent crude dipped to US$114 on the ICE Futures exchange in London. US new car and truck sales rose 20% in August to 1.3 million vehicles, according to Autodata Corp., a sign that fuel consumption could be on the way up in the world's No. 1 economy. With US home construction starting to recover, contractors are buying more trucks to haul equipment and crews to sites. Big pickup sales drove the increase. Energy market sentiment was further lifted by expectations that stimulus measures will soon be announced in Europe, the U.S. and China that could boost economic growth worldwide.
  More News  Post Your Comment
{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha