SINGAPORE: In the backdrop of expected Opec meeting and U.S. summer vacations, crude prices this week was seen surging to this year’s peak at $60 per barrel. Asian markets Thursday U.S. crude July delivery surging 62 cents wrapped up at $61.67, while London Brent North Sea July delivery traded at $60.78 per barrel, up by 85 cents. Analysts attributed these positive impacts on oil investments to U.S. summer vacations.
Sunday, May 24, 2009
Oil prices this week seen at year’s peak
SINGAPORE: In the backdrop of expected Opec meeting and U.S. summer vacations, crude prices this week was seen surging to this year’s peak at $60 per barrel. Asian markets Thursday U.S. crude July delivery surging 62 cents wrapped up at $61.67, while London Brent North Sea July delivery traded at $60.78 per barrel, up by 85 cents. Analysts attributed these positive impacts on oil investments to U.S. summer vacations.
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