London (Archyde.com)
Oil prices rose regarding a dollar yesterday, supported by indications of improved demand for fuel, but gains were limited as the market awaited indications from the head of the Federal Reserve (the US Central Bank) regarding expectations of a rate hike. By 10:51 GMT, Brent crude futures rose $1.53, or 1.54 percent, to $100.87 a barrel. West Texas Intermediate crude futures rose $1.20, or 1.3 percent, to $93.72 a barrel. The two crudes fell regarding two dollars a barrel yesterday, but they are on the way to achieving weekly gains of regarding four percent for Brent and three percent for US crude.
