World Oil Prices Rise On Growing Chinese Economy

April 2, 2012
The price of oil on world commodity exchanges was growing Monday morning as investors bet on the a growing Chinese economy.

The price of a May futures contract for WTI light sweet crude in electronic trading on Nymex was up 56 cents to $103.58 a barrel by 8:00 Moscow time. The price of a May futures contract for North Sea Brent blend was up 44 cents to $123.32 in London.

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