Bank Of Baku

Oil price increases

Oil price increases
# 10 July 2009 12:45 (UTC +04:00)
Baku – APA-Economics. On July 8, on the New York Mercantile Exchange August crude WTI futures increased $0.27, at $60.42 per barrel, APA-Economics reports. August Brent contract on London’s ICE futures exchange rose by $0.67 and reached $61.10 per barrel.

Macroeconomic indications about the reducing of applicants for unemployment compensation had an impact on oil prices, which is a sign of improvement of the situation in the labor market and makes the market participants more optimistic.
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