Benchmark crude for July delivery settled at US$72.6 on the Nymex, while Brent crude increased to US$71.79 a barrel on the ICE Futures exchange. Oil prices touched 8 month highs as the dollar dipped, and reports suggested that consumers and business may be more willing and able to spend money on energy.
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Friday, June 12, 2009
Oil futures hit eight month highs: skirt at US$73
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