Tue, 12 Jun 2012 16:11:40 GMT
Crude oil grows on Saudi comments
Futures for crude oil bounced off the
record low since October 2011, as the oil minister of Saudi Arabia
promised not to raise output ahead of OPEC meeting on Thursday. On
the NYMEX, July delivery futures for light sweet crude were traded at
USD83.19 per barrel, which was a 0.6% growth during the U.S. morning
trading session.