Oil rises toward 87 dollars on recovery hope

07:52, April 07, 2010      

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Oil prices continued to rise on Tuesday as market remained positive about economic recovery and investors expect a draw in this week's crude inventory report.

Light, sweet crude for May delivery gained 22 cents to settle at 86.84 U.S. dollars a barrel on the New York Mercantile Exchange after topping 87 dollars a barrel for the first time since October 2008.

Source: Xinhua

(Editor:黄硕)

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