Bourse

Home page

Bourse

Oil Prices

05 April 2010 07:15 (UTC +04:00)

Baku â€“ APA-Economics. Crude oil rose to a 17-month high on speculation global fuel demand will increase as the world economy recovers from recession. Crude oil for May delivery rose as much as $1.02, or 1.2 percent, to $85.89 a barrel in electronic trading on the New York Mercantile Exchange, the highest since Oct. 9, 2008. The contract was at $85.67 at 12:24 p.m. Singapore time, Business Week reported.

Brent crude oil for May settlement rose as much as 97 cents, or 1.2 percent, to $84.98 a barrel on the London-based ICE Futures Europe exchange. The contract was at $84.71 at 12:18 p.m. Singapore time.