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Home  >>  Daily News  >>  Singapore News  >>  Commodities   >> Oil above $74 as US supplies drop

NEWS UPDATES
10 June 2010

Oil above $74 as US supplies drop

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Oil prices extended gains above $74 a barrel Thursday in Asia, adding to a big advance the previous session as falling U.S. crude inventories suggested demand is improving.

Benchmark crude for July delivery was up 9 cents to $74.47 a barrel at early afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract $2.39 to settle at $74.38 on Wednesday.



 


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