US Crude Rises to $102.15 Barrel

9 June 2011 (Last Updated June 9th, 2011 18:30)

US crude rose to $102.15 barrel due to better than expected US trade deficit results, which boosted equities and commodities. ICE Brent for July delivery LCOc1 rose 31¢ to $119.88 a barrel. The failure of the Organisation of the Petroleum Exporting Countries to agree on

US crude rose to $102.15 barrel due to better than expected US trade deficit results, which boosted equities and commodities.

ICE Brent for July delivery LCOc1 rose 31¢ to $119.88 a barrel.

The failure of the Organisation of the Petroleum Exporting Countries to agree on hiking the global oil supplies has also effected the oil prices, reports Reuters.