Oil gains on Eurozone optimism, dollar falls

Note: This section contains information in English only.
Source: Marketwatch

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.

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