Today.Az » Business » Oil prices hit $63 per barrel
18 July 2009 [08:57] - Today.Az
Oil prices demonstrated a rise following a report on unexpected rise in number of newly-built buildings in the U.S., Bloomberg reported.
In June, number of new buildings in the United States grew by 3.6% up to 582,000 homes. Analysts predicted decline in the number of new buildings. These data, according to experts, is a signal that the worst period for the economy is already left behind.
The price of August futures WTI rose by $1.21 per barrel on the New York Mercantile Exchange (NYMEX) on Friday (1.95%) up to $63.23 per barrel.
During the trading value of the contract reached $63.72 per barrel. Earlier this week futures went up by 5.7%.
On July 17, quote futures for Brent crude oil for September on the ICE Futures exchange in London rose by $1.56 (2.45%) up to $65.31 per barrel.
/Vzqlyad/
|
|
