Crude Oil Futures Slightly Recover After Sell-Off; Still Stays Below $80

By International Business Times,  June 22, 2012, 02:44:56 AM EDT

Crude oil prices advanced slightly in Asian trading Friday, after plunging to their lowest level in eight months in the previous session.

Light sweet crude for August delivery gained 0.40 percent or 31 cents to $78.51 a barrel in electronic trading on the New York Mercantile Exchange during Asian trading hours. Brent crude oil futures for August delivery rose 0.66 percent or 59 cents to $105.87 a barrel on the ICE futures exchange in London.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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