Oil prices rise after mixed economic news (AP)

September 2, 2010 · Filed Under Real Estate 

A petrol station worker refuels a U.S.-made 1932 Ford car in Havana September 1, 2010. Cuba's oil industry wants to work with its counterparts in the United States and Mexico to promote safe drilling practices and avoid the kind of well blowout and spill seen recently in the Gulf of Mexico, a leading drilling industry expert said recently. Cuba currently produces about 60,000 barrels of oil per day (bpd), all from onshore wells. It receives about 115,000 bpd from ally Venezuela on favorable terms. REUTERS/Desmond Boylan (CUBA - Tags: SOCIETY TRANSPORT ENERGY)AP – Oil prices ended higher Thursday after an initial retreat as investors put a positive spin on reports about jobs, manufacturing and home sales.

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