Tuesday, June 15, 2010

Crude prices on the rise, but high stockpiles keep sentiments bearish

Light, sweet crude futures for delivery in July traded at just a cent less than US$75 on the Nymex, while Brent crude on London's ICE Futures exchange rose past US$75. Monday ushered in strong crude ooil prices in Asia but high inventory levels keep market sentiments bearish.

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