Oil prices rise

Oil prices rise
# 09 April 2014 07:22 (UTC +04:00)

Baku – APA-Economics. The price of oil climbed above $102 a barrel Tuesday, supported by renewed unrest in eastern Ukraine and a lowered domestic production forecast from the U.S. Energy Department, Washington Post reported.

Benchmark U.S. crude oil for May delivery gained $2.12, or 2.1 percent, to $102.56 a barrel on the New York Mercantile Exchange. That marks the highest closing price since March 7.

Brent crude, used to set prices for international oil varieties, rose $1.85 to $107.67 on the ICE Futures exchange in London.

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