Singapore-SANA
Oil prices rose today to offset the losses last week, while investors' attention was focused on the short supply of crude and fuel rather than the recession that may limit demand in the future.
Reuters reported that Brent crude futures rose 81 cents, or 0.7 percent, to $114.94 a barrel.
US West Texas Intermediate crude also rose in the July contracts, which expire today, to 111.19 dollars per barrel, an increase of 1.63 dollars.
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