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World markets show inconstancy in oil price

World markets show inconstancy in oil price
# 07 July 2009 08:14 (UTC +04:00)
Baku – APA-Economics. On July 6, on the New York Mercantile Exchange August crude WTI futures was down $2.68, at $64.05 per barrel, APA-Economics reports. August Brent contract on London’s ICE futures exchange was down $1.56 at $64.05 per barrel on July 6.

Prognosis on the increase of US oil resources and macroeconomic indications as a sign of global financial crisis have an impact on the oil prices in the world market.

Early morning on July 7, WTI futures rose 0.39% at 64.3$ p/b and Brent contract rose 0.67% at 64.48$ p/b.
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