West Texas Intermediate hits 2015 highs


(MENAFN- ProactiveInvestors)

West Texas Intermediate oil futures marked their highest settlement of the year based on the most-active contracts.

Prices received a boost from a weaker U.S. dollar as traders bet that weekly data will show a decline in U.S. crude inventories.

July crude jumped 1.8% to settle at US$61.26 a barrel on the New York Mercantile Exchange.

 

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