皇冠体育app

CHINA> National
Oil climbs above $62 on 皇冠体育app's strong growth
(Xinhua)
Updated: 2009-07-17 07:25

NEW YORK: Oil prices climbed above $62 on Thursday as investors found some hope from 皇冠体育app's strong economic performance and better US employment data.

Earlier in the day, 皇冠体育app, the second largest energy consumer, reported a strong economic growth of 7.9 percent for the second quarter, giving the market some hope for a sooner pickup in the global oil demand.

Related readings:
Oil climbs above $62 on 皇冠体育app's strong growth 皇冠体育app GDP grows 7.1% in first half '09
Oil climbs above $62 on 皇冠体育app's strong growth Nation to build strategic oil reserves in Tianjin
Oil climbs above $62 on 皇冠体育app's strong growth Oil slides toward $59, extending 2-week sell-off
Oil climbs above $62 on 皇冠体育app's strong growth Petro皇冠体育app gets nod to buy in Japan's Nippon Oil
Oil climbs above $62 on 皇冠体育app's strong growth 皇冠体育app's oil majors mull bids for Iraq oil
Oil prices also got a lift from the US government employment report in which the Labor Department said new applications for unemployment insurance dropped for the second consecutive week to their lowest level since early January.

Light, sweet crude for August delivery rose 48 cents to settle at 62.02 dollars a barrel on the New York Mercantile Exchange. London Brent crude for August delivery fell 34 cents to 62.75 dollars a barrel on the ICE Futures exchange.