Oil Prices rise

Oil Prices rise
# 11 May 2010 07:10 (UTC +04:00)
Baku – APA-Economics. Light, sweet crude oil for June delivery on the New York Mercantile Exchange settled at $76.80 a barrel, up 2.3%, or $1.69 a barrel. Still, crude regained only a fraction of the $11 a barrel it shed in a near 13% rout last week on concerns over euro-zone sovereign debt and growing oil stockpiles which left June crude Friday at the lowest level since Feb. 12, Wall Street Journal reported.

ICE Brent crude oil for June delivery settled up 2.4%, or $1.85, at $80.12 a barrel after settling Friday at the lowest price since March 15.
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