Bank Of Baku

Oil prices rise

Oil prices rise
# 07 October 2010 07:00 (UTC +04:00)
Baku – APA-Economics. Oil hovered above $83 a barrel Thursday in Asia as a weak U.S. dollar fuels gains in commodity prices, Associated Press reported.

Benchmark oil for November delivery was up 22 cents to $83.45 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract added 41 cents to settle at $83.23 on Wednesday.

In London, Brent crude rose 29 cents to $85.35 a barrel on the ICE Futures exchange.
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