Oil prices rise

Sunday, 03 February 2013 - 13:49


Oil prices finished higher in New York, buoyed by greater optimism about global growth following encouraging indicators from the US and China. A barrel of West Texas Intermediate, the US benchmark, settled 28 cents higher at 97.77 Dollars on the New York Mercantile Exchange. Even stronger was the price of European oil benchmark Brent futures, which closed at 116.76 a barrel on the Intercontinental Exchange, up 1.21 Dollars. The close was Brent's highest level since May 2012.