Bank Of Baku

Oil prices rise again

Oil prices rise again
# 15 May 2014 12:17 (UTC +04:00)

Baku – APA-Economics. Oil prices moved higher on Wednesday, lifted by a new decline in US oil inventories at the key Cushing storage hub and falling gasoline stockpiles, Channel News Asia reported.

 

The New York benchmark West Texas Intermediate for June delivery rose 67 cents to $102.37 a barrel, the highest closing price since April 21.

 

In London, Brent oil for June delivery added 95 cents to settle at $110.19 a barrel.

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