Oil futures rise $1.29 to end at $83.91 a barrel
6/14/12 2:49 PM ET (MarketWatch)Print
NEW YORK (MarketWatch) -- Crude-oil futures on Thursday climbed to within reach of $84 a barrel on thinking OPEC would let its production ceiling stand. The July contract climbed $1.29, or 1.6%, to end at $83.91 a barrel on the New York Mercantile Exchange. "If they stay at 30 million barrels a day without quotas for individual countries, it is as close to not having a quota as you can get," said James Williams, an analyst at WTRG Economics. Natural-gas for July delivery rallied 31 cents to $2.495 per million British thermal units.
, 
, 
, Copyright ©2013. All rights reserved.