The price of oil on world commodity exchanges was rising Monday morning as the dollar declined against the euro more than expected and U.S. unemployment claims grew.
The price of a November futures contract for WTI light sweet crude in electronic trading on Nymex was up 76 cents to $83.42 a barrel by 7:15 Moscow time. The price of a November futures contract for North Sea Brent blend has risen 53 cents to $84.56 in London.
Oil prices climbed the day before on positive data from the US on economic growth and rising stock markets. November WTI contracts were up 99 cents to $82.66 a barrel, while November Brent contracts were up 60 cents to $84.03.
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