World Oil Prices Rise on Investor Optimism

After falling for six days in a row, the price of oil on world commodity exchanges was growing Monday morning as investors began taking a renewed interest in energy resources.
The price of an August futures contract for WTI light sweet crude in electronic trading on Nymex was up 45 cents to $72.59 a barrel by 6:45 Moscow time. The price of an August futures contract for North Sea Brent blend has risen 52 cents to $72.17 in London.
Prices had fallen Friday on weak economic statistics from the United States. August WTI contracts dropped 81 cents to $72.14 a barrel, while August Brent contracts were down 69 cents to $71.65.
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