Oil nears $70 on hopes of global recovery


FE Team | Published: July 25, 2009 00:00:00 | Updated: February 01, 2018 00:00:00


LONDON: Oil prices rose towards $70 Friday, aided by rebounding stock markets, a weaker dollar and hopes of a global economic recovery that could kick-start energy demand. Brent North Sea crude for September delivery gained 38 cents to 69.63 dollars per barrel. — AFP

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