Bank Of Baku

Oil price continues to rise

Oil price continues to rise
# 22 July 2009 13:04 (UTC +04:00)
Baku – APA–Economics. On July 20, on the New York Mercantile Exchange August crude WTI futures rose $0.42, at $63.98 per barrel, APA-Economics reports. August Brent contract on London’s ICE futures exchange rose by $1.06 and reached $66.44 per barrel.

The oil price rises on the back of positive reports of the American corporations about the restoration of the local economy in near future. The analysts forecast increase of oil and oil products resources, which allows expectations for oil price drop again.
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