Sunday, March 25, 2012

World Oil Prices Rise On Falling U.S. Reserves

The price of oil on world commodity exchanges was growing Friday morning as stock inventory in the U.S. declined.

The price of a May futures contract for WTI light sweet crude in electronic trading on Nymex was up 40 cents to $105.75 a barrel by 8:15 Moscow time. The price of a May futures contract for North Sea Brent blend was up 25 cents to $123.39 in London.

Copyright 2012, Golos Rossii. All rights reserved.

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Source: http://www.oilandgaseurasia.com/news/p/0/news/14552/

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