World Oil Prices Rise on Declining Dollar

October 14, 2010
The price of oil on world commodity exchanges was growing Thursday morning as the U. S dollar continued it decline against the euro and U.S. stock reserves shrunk.
The price of a November futures contract for WTI light sweet crude in electronic trading on Nymex was up 79 cents to $83.80 a barrel by 6:35 Moscow time. The price of a November futures contract for North Sea Brent blend has risen 64 cents to $85.28 in London.
Oil prices climbed the day before s investors hoped U.S. pouchy would stimulate the world's largest economy. November WTI contracts were up $1.34 to $83.01 a barrel, while November Brent contracts were up $1.14 to $84.64.
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