Oil prices stabilized after an upward drive was reversed


crude oil pricesOil prices stabilized on Friday after an upward drive was reversed by renewed concerns about the health of the economy of Europe. News that Fitch Ratings, the sovereign debt of Spain lowered to AA + from AAA top retreat in oil prices sent. New York main contract, light sweet crude oil for delivery in July was set at $ 58 cents US73.97 a barrel, after a brief excursion above $ US75 a barrel.

Brent North Sea crude for July 1964 cents to $ US74.02 baptized.

COMEX

Most metals prices fell as the U.S. dollar gained strength against other currencies.

Contracts in July, copper fell 5.4 cents to $ US3.1045 attention on a pound, platinum lost $ US3.50 to $ US1, 549.40 an ounce and silver fell 4.6 cents to $ US18.422 a ounce.

June palladium settled down 40 cents at $ US461.85 an ounce.

Gold for August delivery added 60 cents to settle at $ US1, 1215 per ounce.


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