Bank Of Baku

Oil prices fall

Oil prices fall
# 01 August 2011 07:33 (UTC +04:00)
Baku – APA-Economics. Oil prices rose above $97 a barrel Monday in Asia after U.S. lawmakers struck a last-minute agreement to raise the government’s debt limit, avoiding a default, Sacramento Bee reported.

Benchmark oil for August delivery was up $1.41 to $97.11 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. Crude dropped $1.74 to settle at $95.70 on Friday.

In London, Brent crude was up $1.21 at $117.95 per barrel on the ICE Futures exchange.
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