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Commodities Briefing - Categorized | Oil, Price Watch more

The price of oil rises to $95 a barrel on positive US economic data; pump price at $3.63

Posted on 29 May 2013

The price of oil rose to $95 a barrel Tuesday, supported by gains on global stock markets. Benchmark oil for July delivery rose 86 cents to close at $95.01 a barrel in New York. It was the first gain for oil in five trading sessions.
Positive signs for the U.S. economy helped. U.S. home prices rose the most in seven years and consumer confidence reached a five-year high. U.S. stock markets were showing strong gains by mid-afternoon. European and Asian markets closed higher earlier……………………………………Full Article: Source


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