Wed, 06 Jun 2012 20:18:24 GMT
Oil gains on Eurozone optimism, dollar falls
On Wednesday, futures for crude oil
rallied, as dollar was falling and investors were optimistic about
ECB measures to combat Eurozone crisis. However, the supply of crude
oil, which appeared to be larger than expected, did not allow
further increase in oil prices. On the NYMEX, July delivery futures
were traded at USD85.79 per barrel.