Oil price rose to one-week high

Oil price is rising due to increased demand

In brief: Oil prices continued to rise at the end of the auction. Commodity markets have shown growth in the last days of the week.

The growth of trading volume on oil has led to increased prices for black gold. Oil price at auction yesterday reached a week maximum. In general, commodity markets, the first time in recent months, moving with the U.S. stock exchanges.

Earlier, the stock market prevented the growth of oil prices and prices of precious metals. The price of oil on Friday, June 18 rose up to the day and week by expectations that the situation in the European economy is not very bad. The July futures for delivery of petroleum of mark WTI have grown on 0,5% to $ 77.18 per barrel. Last week, oil prices increased by 4,6%.

Ukrainian Globalist
2010-06-19 04:47, Commodities.

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