World Oil Prices Rise on Growing U.S. Stocks

July 14, 2010
The price of oil on world commodity exchanges was growing Wednesday morning as U.S. stock exchange indexes were rising.
The price of an August futures contract for WTI light sweet crude in electronic trading on Nymex was up 3 cents to $77.18 a barrel by 6:40 Moscow time. The price of an August futures contract for North Sea Brent blend has risen 31 cents to $76.96 in London.
Oil prices climbed the day before as leading global companies reported increased demand for energy. August WTI contracts were up $2.20 to $77.15 a barrel, while August Brent contracts were up $2.28 also settling to $77.15.
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