The price of oil on world commodity exchanges was growing Thursday morning on news U.S. domestic sales were rising and crude stock reserves were falling.
The price of a July futures contract for WTI light sweet crude in electronic trading on Nymex was up $1.03 to $73.89 a barrel by 6:55 Moscow time. The price of a July futures contract for North Sea Brent blend has risen $1.06 to $74.81 in London.
Oil prices climbed the day before on investors' optimism that the world economic recovery was picking up speed. July WTI contracts were up 28 cents to $72.86 a barrel, while July Brent contracts were up $1.04 to $73.75.
Oil & Gas Eurasia
oilandgaseurasia.com