Last Updated on Tuesday, 30 November 1999 05:00 Wednesday, 27 July 2011 10:39
LONDON (AFP) - Crude oil prices were narrowly mixed on Tuesday, with sentiment muted amid a budget standoff in Washington over a plan to avoid a debt default.
New York s main contract, light sweet crude for delivery in September, advanced by just 14 cents to $99. 34 a barrel.
Brent North Sea crude for September eased seven cents to $117. 87 in London deals.
Investors (are) keeping to the sidelines as Washington debates the debt ceiling, analysts from Phillip Futures said in a commentary. The United States is meanwhile the world s biggest consumer of oil.
The US treasury says Congress must raise the government s $14. 29 trillion debt limit by August 2 to prevent a default, which would have devastating repercussions on the global economy.
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