Bank Of Baku

World oil price goes up $70

World oil price goes up $70
# 25 July 2009 10:26 (UTC +04:00)
InterContinental Exchange Futures Europe - IPE Brent Crude – reached $70.32 (+1.07) per barrel and in New York on New York Mercantile Exchange - Light, Sweet Crude Oil - $68.05 (+0.89) per barrel.

A positive dynamic in the oil futures price related to the FOREX-dollar slipping against euro on Friday. OPEC “oil basket” increased 2.8% and exceeded $66 per barrel for the first time over the past three weeks. According to the statistics to July 23, OPEC “basket” gained $1.78 and its official price was $66.46 per barrel, which has been the highest indication since July 2.
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