Oil prices rise on US inventories, Iraq turmoil

June 12, 2014 03:00

AFP: Oil prices finished somewhat higher today following an unexpectedly large decline in US crude supplies and worsening turmoil in Iraq. US benchmark West Texas Intermediate for July delivery edged higher by five cents to $104.40 a barrel on the New York Mercantile Exchange.

In London, European benchmark Brent oil for July delivery advanced 43 cents to $109.95 a barrel on the Intercontinental Exchange.

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