6/2, 3:28 PM (Source: TeleTrader)
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Oil prices continue to rise, go up by 2.5%

The prices of oil futures continued to record gains on Friday as the United States Senate passing the bill to suspend the debt ceiling, preventing the nation from defaulting, sparked investor optimism. It also positively impacted stock markets in that country, as well as in Asia-Pacific in Europe.

Later in the day, the US will also see the newest update on its oil rig count by Baker Hughes.

West Texas Intermediate (WTI) for deliveries in July advanced by 2.50% to sell for $71.87 per barrel at 9:17 am ET. A minute later, Brent for settlements in August grew by 2.40% to go for $76.04 per barrel.

Baha Breaking News (BBN) / JR