Bank Of Baku

Oil prices rise

Oil prices rise
# 08 August 2012 08:30 (UTC +04:00)
Baku – APA-ECONOMICS. Hopes for US economic growth and concerns over potential tight crude supplies and a hurricane building in the Caribbean continued to push oil prices higher Tuesday, analysts said.

New York’s benchmark, West Texas Intermediate crude for September delivery, climbed steadily during the session to end up $1.47 from Monday at $93.67 a barrel.

It was the highest level for WTI in nearly three months.

In London, Brent North Sea crude for September jumped $2.45 to a round $112 a barrel.
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