Tuesday, May 25, 2010

Crude oil prices bob above US$70

Crude oil prices have risen, straining to keep above the US$70 mark. Despite high oil inventories and persistent concerns over Europe's debt problems that could curb growth, crude rose 40 cents to US$$70.

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1 comments:

Guava said...

Oil rose in New York after an industry-funded report showed a drop in U.S. gasoline stockpiles, renewing optimism of increasing fuel demand in the world’s largest crude consumer.