World Oil Prices Rise on Strengthening U.S. Economy

August 10, 2010
The price of oil on world commodity exchanges was growing Tuesday morning on news the economy in the United States is gaining strength, a fact experts believe will lead to increased demand for fuel.
The price of a September futures contract for WTI light sweet crude in electronic trading on Nymex was up 1 cent to $81.49 a barrel by 7:00 Moscow time. The price of a September futures contract for North Sea Brent blend has risen 6 cents to $81.05 in London.
Oil prices climbed the day as the U.S Federal Reserve met to adopt a decision on stimulating the U.S. economy. September WTI contracts rose 78 cents to $81.48 a barrel, while September Brent contracts grew 83 cents to $80.99.
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