Black Gold Prices Rise USD73

Reporting LONDON - The price of the black gold of the world succeeded in rose above the level of USD73 per barrel, at the close of trading Wednesday, 06 juni 2010 local time. This brings benefits for the traders, due to the loss cleared seajk corrected early trading, traders said.

As quoted from the AFP on Thursday (06/03/2010), for New York's main contract, light sweet crude for July delivery, rose $ 1, 2004 to the level of USD73, 62 per barrel. Meanwhile, crude for London's Brent North Sea for July delivery rose $ 1, 65 to USD74, 36.

Wall Street managed to turn up on Wednesday and European equities regained some of their losses as investors hunt action shares have fallen sharply on fears the euro zone debt and the global economic recovery.

The Dow Jones Industrial Average rose 0.31 percent at the opening, a day after falling amid fears of new European bank problems and a decrease in growth in China, as well as cope with rising costs of the Gulf of Mexico oil spill disaster.

Meanwhile, pending home sales rose for the third carrying the current month in April as home buyers rushed to sign the contract before the expiry of government's tax credit. Thank you for visiting (otofinanceinfo)