Wednesday, May 12, 2010

Oil recovers, rising past US$77 as EU and IMF pledge US$1 trillion

Benchmark crude on the Nymex for June delivery that fell by two dollars over the weekend, rose by US$2.40 to US$77.5, while in London, Brent crude rose by over two dollars to US$80.43 on the ICE futurres exchange.

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