Bank Of Baku

Oil prices rise

Oil prices rise
# 03 June 2010 07:06 (UTC +04:00)
Baku – APA-Economics. Benchmark crude for July delivery rose 28 cents to settle at $72.86 a barrel on the New York Mercantile Exchange. Oil prices were supported by recent economic data that came in better than expected, including a report Wednesday that showed pending home sales were at their highest level in April since October. Demand for crude products also has been increasing, Associated Press reported.

In London, the Brent crude July contact rose $1.04 to settle at $73.75 on the ICE futures exchange.
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