Oil Futures Rise Above $84 Amid Stimulus Hopes

By International Business Times,  June 15, 2012, 06:07:10 AM EDT

Crude oil futures advanced Friday as sentiment was buoyed on expectations that the major central banks around the world would act to strengthen the global economy.

Light sweet crude for July delivery gained 0.86 percent or 72 cents to $84.63 a barrel in electronic trading on the New York Mercantile Exchange during European trading hours. Brent crude oil futures for July delivery rose 0.51 percent or 50 cents to $97.67 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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