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Oil Prices Near $77 a Barrel

Oil prices neared $77 a barrel amid speculative buying and worries that inventories of crude oil at a key Oklahoma terminal fell last week, according to AP

Light, sweet crude for September delivery rose $1.08 cents to $76.96 a barrel by mid-afternoon in Europe in electronic trading on the New York Mercantile Exchange. The contract had risen $2.32 to $75.88 on Wednesday, reversing a three-day decline as traders started buying at lower prices.

Posted by   at 11:14 AM to Oil | Permalink

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