Oil prices rose above 71 dollars Friday as rising stock prices and a rebound in U.S. new home sales during July boosted optimism about economic growth.
New York's main oil futures contract, light sweet crude for delivery in October, closed up a strong 1.26 dollars at 71.09 dollars per barrel.
In London, the price of Brent North Sea crude for October delivery settled up 76 cents at 70.62 dollars per barrel.
Source: Xinhua
|
Comment
Tell A Friend
Print Format
Save Article