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Oil prices rise again

22 March 2014 08:09 (UTC +04:00)

Baku – APA-Economics. Crude-oil futures marked their first climb in three sessions Friday, finding support from a weaker dollar, to finish with a gain for a week that was marked by speculation over the fallout from the Ukraine crisis and concerns about the potential for higher U.S. interest rates, MarketWatch reported.

Oil for May delivery added 56, or 0.6%, to settle at $99.46 a barrel on the New York Mercantile Exchange. A week ago, oil futures’ front-month contract settled at $98.89, so prices are also roughly 0.6% higher on the week.

Crude’s European benchmark, Brent oil, also rose, with the May contract up 47 cents, or 0.4%, to $106.92 a barrel, down about 1.2% for the week.