Tue, Jul 14th, 2009
Oil prices climbed back above $60 a barrel Tuesday in Asia on signs the region be may emerging from an economic slump.
Benchmark crude for August delivery was up 70 cents to $60.39 a barrel by late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. On Monday, the contract fell 20 cents to settle at $59.69.
Singapore said Tuesday its economy surged an annualized, seasonally adjusted 20.4 percent in the second quarter, adding to hopes that Asia could lead the world out of recession and fuel crude demand.
Related stories from top sites:
Oil prices settle below $60 a barrel
Jul 3rd, 2009 - Boston.com
NEW YORK - Oil prices stayed below $60 a barrel yesterday with concerns the global economy isn't improving quickly and demand will remain soft. Benchmark crude for August delivery fell 20 cents to settle at $59.
Oil prices keep dropping as economy languishes
Jul 3rd, 2009 - The Denver Post
NEW YORK — Oil prices sank below $60 a barrel Friday, ending a week in which crude has fallen more than 10 percent on growing pessimism about the economy and also the well-being of companies about to report second-quarter earnings.
Oil Prices Retreat Below $60
Jul 3rd, 2009 - Wall Street Journal
NEW YORK -- Crude oil Thursday sank below $60 a barrel for the first time since May, as traders assumed fuel supplies will be more than enough to handle any demand added in an economic recovery. Light...
Oil hovers above $64 after plunging over past week
Jul 3rd, 2009 - Forbes.com
SINGAPORE -- Oil prices hovered above $64 a barrel Tuesday in Asia after falling 12 percent in a week on investor doubts about a global economic recovery. Benchmark crude for August delivery rose 26 cents to $64.
Oil hovers above $66 after weak jobs data
Jul 3rd, 2009 - Forbes.com
Oil prices hovered above $66 a barrel Friday in light holiday trading a day after grim unemployment numbers from the U.S. and Europe sent prices tumbling. By midday in Europe...
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