Monday, May 27, 2013

Oil prices rise towards US$97

Benchmark crude for June delivery rose to US$96.8 per barrel in electronic trading on the Nymex, while Brent crude rose 21 cents to US$105 a barrel on the ICE Futures exchange in London. The price of oil rose toward $97 per barrel on Tuesday, but gains were checked as investors await a report of the US economy on Wednesday, when the Federal Reserve chairman Ben Bernanke will release minutes of its most recent policy meeting.

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