Crude prices rise on positive U.S. economic data

08:51, March 31, 2010      

Email | Print | Subscribe | Comments | Forum 

Crude prices inched higher on Tuesday as positive U.S. economic data boosted investor sentiment.

The Standard & Poor's/Case-Shiller 20-city home price rose unexpectedly by 0.3 percent from December to January, indicating the housing market is stabilizing as the economy expands.

The Conference Board Consumer Confidence Index rose to 52.5 in March after a plunge in the previous month. The reading was higher than analysts had expected.

Light, sweet crude for May delivery rose 20 cents to settle at 82.37 U.S. dollars per barrel in New York Mercantile Exchange. London, Brent crude gained 11 cents to settle at 81.28 dollars.

Source: Xinhua
  • Do you have anything to say?


Special Coverage
Major headlines
Editor's Pick
  • 'Green wall' helps curb desertification
  • Moscow mourns victims of attacks
  • Nine killed in Washington area shooting
  • 12th Int'l Energy Forum opens in Mexico
  • Brazil helps Colombia release long-time FARC hostage
  • Yao Ming watches Rockets-Wizards game
Most Popular
Hot Forum Dicussion