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.
06-Sep-12 
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